Edition:
United States

Silke Koltrowitz

SNB says U.S.-China trade war triggering franc's rise

Jun 13 2019

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.

Weak profitability eclipses strong China, U.S. sales at Richemont

May 17 2019

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.

UPDATE 2- Weak profitability eclipses strong China, U.S. sales at Richemont

May 17 2019

* Shares down 1.2%, lag sector index (Adds management, analyst comment, background, shares.)

Nestle makeover advances with $10 billion sale of skin health unit

May 16 2019

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.

Nestle will Wachstum von Babymilch-Sparte in China ankurbeln

May 08 2019

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.

Nestle upbeat after U.S. and China boost first-quarter growth

Apr 18 2019

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.

Greenpeace calls for Nestle to act over single-use plastics

Apr 12 2019

LAUSANNE, Switzerland Environmental group Greenpeace on Thursday accused Nestle of not doing enough to reduce single-use plastics polluting landfills and oceans.

Watches of Switzerland has further U.S. acquisitions in its sights

Mar 22 2019

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.

UPDATE 2-Staffing firm Adecco sees hiring slowdown in Germany and France

Feb 28 2019

* Shares fall as much as 6.7 percent (Adds CEO, analyst comments, shares)

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