ZURICH ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation.
ZURICH, April 9 The price range for the
flotation of Swiss company Stadler Rail has narrowed to 36 to 39
Swiss francs ($36.03 to $39.03) per share, towards the top end
of the indicated price range, according to a person familiar
with the matter.
* Shares edge lower
(rewrites, adding CEO comments, share price, analyst)
ZURICH Nearly two-thirds of Swiss voters look set to approve a shake-up of the country's corporate tax system, heading off what its finance minister called an existential threat to Switzerland's role as a business hub.
ZURICH Roche Holding said its effort to expand in gene therapy via the $4.3 billion takeover of Spark Therapeutics remained on track despite failing to get enough votes to clinch the deal and as U.S. regulators continued scrutinizing it.
ZURICH, March 28 The Swiss National Bank remains
committed to its expansive monetary policy to tackle the
"highly-valued" Swiss, governing board member Andrea Maechler
said on Thursday, as the safe-haven currency hit its highest
value against the euro in 20 months.
ZURICH Siemens and China's State Power Investment Corp (SPIC) plan to co-operate on energy plants in the latest move by the German engineering company to revive its ailing gas turbines business.
* CEO Kaeser says both companies want deeper partnership
(Rewrites, adding detail, background)
ZURICH Swiss National Bank Chairman Thomas Jordan said increasing global economic risks such as Brexit and U.S.-Chinese trade tensions meant the central bank will stick to its ultra-loose monetary policy for the foreseeable future.
* Swiss National Bank keeps expansive monetary policy in