Stocks and Finance

K-Swiss

K-Swiss 5/23/2012

08:28 : Swiss franc: Sideways movement continues - US dollar breaks through 1.30 Yen: Development characterized by debt crisis Swiss franc: Sideways movement continues US dollar breaks through 1.30 As a result of the political escalation in Greece (there will be new elections), the US dollar ...
Source : fxstreet-com

K-Swiss 5/6/2012

12:24 : Swiss bank Pictet gave data to U.S. in tax probe - ZURICH (Reuters) - Swiss bank Pictet said on Sunday it handed over bank account details to U.S. authorities probing cases of tax evasion, as a newspaper reported it had accepted funds from two former UBS clients suspected of having cheated ...
Source : reuters-com

K-Swiss 5/3/2012

07:22 : Swiss Banks Can't Become Arm Of Foreign Tax Authorities - UBS Head - Switzerland mustn't become a financial center for tax evaders, but at the same time Swiss banks can't serve as the extended arm of foreign tax authorities, the chairman of UBS AG (UBS) said Thursday."The withholding tax, as ...
Source : foxbusiness-com

K-Swiss 5/2/2012

06:36 : UBS Turns a Corner: Future Looks Bright for Swiss Bank - Brighter times lay ahead for the Swiss bank as it continues to shrug off investment banking risk management woes and reclaim investor confidence in the most successful parts of its business, after shares soar on stellar wealth management results for ...
Source : ibtimes-com
01:46 : Swiss bank UBS reports 54 pct profit drop for Q1 - GENEVA (AP) -- Switzerland's biggest bank UBS AG reported a 54 percent drop in first-quarter net profit for 2012 that it blamed Wednesday on a loss at the investment bank, an accounting charge on its debt and difficult market conditions....
Source : usnews-com

K-Swiss 5/1/2012

09:44 : Swiss Franc Outperforms as Australian Dollar Struggles Post-RBA - Earlier today, the Reserve Bank of Australia surprised market participants by cutting the key interest rate by 50-basis points. In turn, market participants dropped the Australian Dollar to its lowest level since Wednesday. Elsewhere, ...
Source : dailyfx-com

K-Swiss 4/27/2012

20:57 : Watch Industry Quarrels Over Swiss-Made Labels - The Swiss watch industry wants to tighten requirements so that 80 percent of the value of the watch has to be made locally, rather than in countries like China.
Source : iht-com
14:05 : Swiss Watch Industry Seeks to Tighten Requirements - The Swiss watch industry wants to tighten requirements so that 80 percent of the value of the watch has to be made locally, rather than in countries like China.
Source : nytimes-com
03:42 : SNB Jordan: Swiss Franc Still Overvalued, Challenge To Economy - The Swiss franc is still overvalued at 1.20 against the euro, presenting a major challenge for the economy, the Swiss National Bank's new President Thomas Jordan said and reiterated the central bank's pledge to enforce the minimum exchange ...
Source : foxbusiness-com
02:28 : Swiss KOF leading indicator better than expectations in April - Switzerland released the KOF Swiss leading indicaotr for April, where the leading index improved to 0.40 from the revised previous of 0.09 from 0.08, beating median estiamtes of 0.20.
Source : ibtimes-com

K-Swiss 4/25/2012

03:15 : US dollar restrained, Swiss franc too strong - Better than expected March US new home sales, stable consumer confidence and firmer than consensus earnings, all contributed to boost markets overnight. In Europe, decent demand for Dutch, Spanish and Italian ...
Source : fxstreet-com

K-Swiss 4/24/2012

12:01 : Watson Pharm Paying $5.92B For Swiss Drug Maker Actavis - Watson Pharmaceuticals Inc. (NYSE: WPI) will announce on Wednesday the purchase of major Swiss competitor Actavis Group, according to media reports citing persons familiar with the negotiations.
Source : ibtimes-com
10:25 : Swiss watches post slowdown in export surge to China - China's imports of Swiss watches grew significantly more slowly in March than in preceding months, adding to fears that the country's appetite for luxury may be waning.
08:17 : Swiss watches post slowdown in its exports to China - China's imports of Swiss watches grew significantly more slowly in March than in preceding months, adding to fears that the country's appetite for luxury may be waning.
03:10 : UBS' Swiss consumption indicator rose to 1.22 in March, a significant ... - UBS' Swiss consumption indicator rose to 1.22 in March, a significant increase led by improved business in retail trade and record-high new car registrations. UBS says consumption may actually be stronger, as the indicator doesn't fully account ...
Source : seekingalpha-com

K-Swiss 4/22/2012

07:40 : UBS CEO calls attacks on Swiss tax 'economic war' - Attacks on Switzerland as a tax haven constitute an "economic war" by rivals who want to hurt the country's big banks and its strength as a financial centre, UBS Chief Executive Sergio Ermotti was quoted as saying on Sunday.
Source : ibtimes-com

K-Swiss 4/21/2012

17:32 : Swiss President: Discussed US-Swiss Tax Transparency With Geithner - Switzerland and the U.S. are getting closer to a deal on tax evasion after discussions on the sidelines of the International Monetary Fund spring meetings, Swiss Confederation President and Finance Minister Eveline Widmer-Schlumpf said ...
Source : foxbusiness-com
16:53 : SNB's Jordan - will enforce Swiss franc cap - Swiss National Bank President Thomas Jordan on Saturday renewed a commitment to maintain a cap on the value of the Swiss franc, which has come under pressure recently.
Source : ibtimes-com

K-Swiss 4/20/2012

12:48 : Britain gets better Swiss tax deal terms - Switzerland has revised a tax pact agreed with Britain last year and will offer it a higher rate of withholding tax, after Germany earlier this month succeeded in obtaining more favourable terms in a similar deal with ...
Source : ibtimes-com

K-Swiss 4/18/2012

07:54 : Jordan confirmed as chief of Swiss central bank - FRANKFURT (MarketWatch) -- The Swiss government on Wednesday appointed Thomas Jordan to serve as chairman of the Swiss National Bank. The move was widely expected. Jordan, who has been a member of the central bank's three-member ...
Source : marketwatch-com

K-Swiss 4/14/2012

07:10 : Swiss banks to hand over staff names in U.S. tax row: report - ZURICH (Reuters) - Switzerland will allow banks to hand over the names of any employees and other third parties who helped wealthy Americans evade taxes to U.S. prosecutors, a Swiss newspaper reported on Saturday.
Source : reuters-com

K-Swiss 4/12/2012

10:31 : Austria says reached Swiss tax deal in principle - Austria said on Thursday it had agreed "in principle" to a deal with Switzerland that will claw back taxes on wealth its citizens have stashed in secret Swiss accounts.
Source : ibtimes-com
02:47 : Swiss drug maker Roche sees Q1 sales stutter - GENEVA (AP) -- Swiss drug maker Roche Holding AG reported Thursday that group sales dipped one percent to 11.03 billion Swiss francs ($12.05 billion) in the first quarter, while hinting that it might be prepared to raise its offer for U.S. ...
Source : usnews-com

K-Swiss 4/11/2012

17:22 : Swiss drugmaker Roche (RHHBY.PK), in a new letter to Illumina (ILMN) share - Swiss drugmaker Roche (RHHBY.PK), in a new letter to Illumina (ILMN) shareholders a week ahead of a shareholders meeting for the maker of genetic analysis equipment, appears to indicate a willingness to raise its $51/share ...
Source : seekingalpha-com
11:36 : Swiss Court Decision Snarls Effort to Reach U.S. Tax Deal - The Federal Administrative Court in Switzerland upheld the appeal of a bank client who had objected to his account data being turned over by Credit Suisse to the United States.
Source : iht-com

K-Swiss 4/7/2012

13:50 : German taxman aims to buy more Swiss bank data - report - A German tax inspector is in talks to buy banking data from Switzerland to help his office identify tax evaders, a magazine reported on Saturday - days after the two countries signed a landmark deal on taxing secret deposits.
Source : ibtimes-com

K-Swiss 4/5/2012

16:10 : Germans, Swiss clinch deal to tax secret deposits - Switzerland and Germany are to toughen their tax crackdown on secret Swiss bank accounts in a move that could pour billions of extra euros into German state coffers, but which does not go far enough for the country's main ...
Source : ibtimes-com
06:33 : Swiss, Germans sign new tax evasion agreement - BERLIN (AP) -- Switzerland has agreed to a new tough bilateral tax evasion treaty that is expected to bring Berlin's state coffers some (EURO)10 billion ($13 billion) next year, Germany's Finance Ministry said....
Source : usnews-com

K-Swiss 3/30/2012

03:05 : Swiss KOF indicators better-than-expected in March - Switzerland released the KOF leading indicators for March, reflected better economic situation in the month, where the indicators advanced more than expected to 0.08 from the revised previous of -0.11 from -0.12, ...
Source : ibtimes-com

K-Swiss 3/27/2012

14:05 : Swiss bank UBS rejects allegations in French book - GENEVA (AP) -- Swiss bank UBS AG on Tuesday rejected allegations in a recently published book that it had systematically helped rich customers in France avoid paying taxes, saying the claims were based on testimony from disgruntled ...
Source : usnews-com
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