London-based Armajaro Holdings Ltd sold its coffee, cocoa, and sugar trading arm to Swiss agricultural trader Ecom Agroindustrial Corp Ltd after reporting a loss of USD7.5 million.
Tags: Switzerland
Ireland is Europe's haven for tech startups -survey
According to a research study by Dow Jones & Company, Ireland attracted the most venture capital funding per capita in the European region. The data showed that most Irish tech startups have fared well even during the economic recession.
Amec looking to takeover Foster Wheeler
UK's Amec Plc is looking to acquire NASDAQ-listed Foster Wheeler AG. If the deal eventually pushes through, it could generate GBP5 billion (USD8 billion) for the Geneva-based engineering and power conglomerate.
Trafigura divests stakes in African unit Puma for USD500 million
Switzerland-based Trafigura Beheer BV had put up for sale its stake in Puma Energy for USD500 million. Trafigura sold a part of its interest in the African unit to Angola's Sonangol Corporation and Cochan Ltd.
21 Partners buys Synerlab from Ardian
European private equity group 21 Partners agreed to purchase French pharmaceutical manufacturing company Synerlab from premium independent private investment firm Ardian for an undisclosed amount.
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Basel-based Novartis AG sold its California blood unit to Spain's Grifol's SA for USD1.68 billion.
With Switzerland requiring higher capital ratios, banks may be hard pressed to continue with their normal operations according to JPMorgan Chase analysts.
Investor sentiment improved in Switzerland for September, a new survey revealed. Investor confidence in Switzerland increased in September. Germany-based ZEW Center for European Economic Research and Credit Suisse Group based in Zurich revealed investor and analyst expectations rose to 16.
Zurich Insurance Group dispelled its concerns about the resignation of Josef Ackermann in the wake of its CFO's death.
The new agreement between US and Swiss governments would allow payment of fines or deferment of prosecution from tax evasion committed by US clients.
China and Switzerland signed in a free trade agreement today in Beijing. A new free trade agreement was signed by the governments of China and Switzerland today.
Credit Suisse estimated that they will receive US$94 Million hits from UK tax deal Credit Suisse forecasted that they are expecting a loss of CHF90 million or something in the area of US$94.
A decrease in foreign-owned Swiss banks continue due to investors withdrawal of their money and taxes that were not paid accordingly.
Banks from Switzerland are being pressured by European and United States governments to release private information.
