BERN The Swiss National Bank (SNB) could further relax its ultra-loose monetary policy, it said on Thursday, blaming rising trade tensions between the United States and China for a spike in the safe-haven Swiss franc.
ZURICH Luxury goods group Richemont reported weak profitability in its watch business and online distributors in its past financial year, taking the shine off a solid sales performance in China and the United States.
* Shares down 1.2%, lag sector index
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ZURICH/FRANKFURT Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion), as the food group shifts its portfolio in response to changing consumer demands.
Zürich Nestle will seine Marktführerschaft bei Babymilch in China ausbauen. Für die bislang wenig erschlossenen Millionenstädte im Westen des Landes plant der Schweizer Konzern eine neue Produktlinie, um den dort stark vertretenen lokalen Anbietern besser Konkurrenz machen zu können.
ZURICH Nestle posted higher-than-expected sales growth in the first three months of the year after good momentum in the United States and China, putting it on track to meet its goal of more than 3 percent organic growth this year.
LAUSANNE, Switzerland Environmental group Greenpeace on Thursday accused Nestle of not doing enough to reduce single-use plastics polluting landfills and oceans.
BASEL, Switzerland Watches of Switzerland expects to make further acquisitions in the United States, which it first entered in 2017 with the purchase of jeweler Mayors, its chief executive told Reuters.
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