United States

Oliver Hirt

Swiss exchange SIX expects blockchain-platform to rule in 10 years

6:25am EST

ZURICH, Nov 13 Swiss exchange SIX expects its traditional trading platform to be overtaken within a decade by an alternative it is launching that will be based on blockchain technology.

Schwacher Handel überschattet Gewinnsprung bei Credit Suisse

Nov 01 2018

Zürich Seit drei Jahren läuft der Umbau bei Credit Suisse, auf der Zielgeraden gab es nun einen Rückschlag: Die Handelssparte der Schweizer Großbank rutschte im Sommer in die roten Zahlen und dürfte auch im Gesamtjahr das Ertragsziel verfehlen.

GAM assets slump 17.7 billion francs after director suspension

Oct 23 2018

ZURICH Money manager GAM Holding AG suffered a 17.7 billion Swiss francs ($18 billion) slump in the value of its assets after the suspension of a top asset manager prompted investors to withdraw billions of francs from its funds, the company said on Tuesday.

ABB explores options to sell Power Grids business - sources

Oct 18 2018

* ABB looking at selling majority or minority stake - sources

Swiss trainmaker Stadler hires UBS, Credit Suisse to run IPO-sources

Oct 10 2018

LONDON/ZURICH, Oct 10 Swiss trainmaker Stadler has hired big Swiss banks UBS and Credit Suisse as global coordinators to help prepare an initial public offering, an option long considered by billionaire owner Peter Spuhler, two people close to the matter told Reuters.

Aryzta shareholder opposes 800 million euro capital increase, shares jump

Oct 01 2018

ZURICH McDonald's hamburger buns maker Aryzta's plan to raise 800 million euros ($928.48 million) in new capital is excessive, the company's biggest shareholder said on Monday, adding it would present less-dilutive alternatives soon.

Swiss trainmaker Stadler hires Alantra to advise on possible IPO

Sep 14 2018

FRANKFURT/ZURICH Swiss trainmaker Stadler has hired corporate finance adviser Alantra to lay the groundwork for a possible initial public offering, sources told Reuters on Friday, an option long considered by the rail company's billionaire owner Peter Spuhler.

Saudi Arabia's SABIC working on tightening Clariant ties: sources

Jun 28 2018

LONDON/FRANKFURT/ZURICH Saudi Basic Industries Corp (SABIC) is considering increasing its holding in Clariant and pursuing joint ventures as the Saudi firm looks to strengthen ties with the Swiss chemicals group, sources told Reuters.

Sanctioned Russian oligarch Vekselberg cuts Swiss stakes

May 18 2018

ZURICH Russian oligarch Viktor Vekselberg has cut his holdings in Swiss companies OC Oerlikon and Schmolz + Bickenbach after a deal with minority shareholders and managers at his holding group, one of his companies said on Friday.

Worldline's $2.75 billion deal for SIX Payment Services sets stage for more consolidation

May 15 2018

ZURICH/PARIS Worldline's $2.75 billion deal to buy the payments unit of Swiss exchange operator SIX Group, announced on Tuesday, could herald more consolidation in the industry, SIX's chairman told Reuters.

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