Europe Sun
EuropeSun.com Monday 6th February 2012 Edition 2012/0602
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Swiss bank Julius Baer expects fine in US tax case
Boris Collardi, CEO of Swiss bank Julius Baer Group, smiles during a news conference in Zurich, Switzerland, Monday, Feb. 6, 2012. The Julius Baer Group has cautioned investors that the outcome of a...


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Turkish Foreign Ministry demands explanation from Swiss embassy in Ankara
Ambassador of Swiss Confederation in Ankara was called to Turkish Foreign Ministry and demanded an explanation. APA reports that ambassador Raymond Kuntz was called to the ministry by Turkish...
Turkish EU Minister to be investigated in Swiss for denying ‘Armenian Genocide’
Turkish EU Minister Egemen Bag?s who had challenged Swiss authorities by denying ‘Armenian genocide’ in Switzerland is being launched an investigation by Zurich Prosecutor’s...
Zurich reports a R142.8m surplus
Demonstrating a continued focus towards long-term profitable growth, Zurich Insurance Company South Africa (ZSA) on Monday reported a general insurance result of a surplus of R142.8 million for the...
Turkey summons Swiss envoy over investigation into minister
EU minister for saying "the Armenian genocide doesn't exist." Foreign Ministry Undersecretary Feridun Sinirlioglu summoned Kunz to his office, asking for an explanation. Sinirlioglu...
Swiss business lobby seeks U.S. restraint on banks
ZURICH (Reuters) - U.S. authorities should show restraint in a crackdown on banks accused of helping rich Americans dodge taxes, while indicting another bank could risk...
Swiss bank Julius Baer cautious about outcome of US tax evasion probe but expects fine
GENEVA - Swiss bank Julius Baer Group said Monday that it may have to pay a fine to settle allegations it helped American clients cheat on their taxes, but cautioned investors that the final outcome...
Valentine's Day Etiquette: Fondue and Fon-don't Tips From Emmi of Switzerland
BOONTON, N.J., Feb. 6, 2012 (GLOBE NEWSWIRE) -- Whether it's an intimate dinner for two or a family fun festivity, Valentine's Day is the perfect time to share the fun of fondue. Meaning...
Turkey protests Swiss probe against minister
Turkey has summoned the Swiss ambassador to protest his country's probe of a Turkish official alleged to have denied Armenians endured a genocide in the 1900s. Swiss laws criminalize denying...
Swiss investigation into Turkish minister's denial of 'genocide'
A Swiss prosecutor has launched an investigation into remarks by Egemen Bagis denying the Armenian genocide. The Zurich prosecutor started the investigation on Monday into remarks by Egemen Bagis,...
Swiss investigate Turkish minister for denying 'Armenian genocide'
EU Minister Egemen Bag?s for saying "the Armenian genocide doesn't exist," Hrriyet reported."There is no Armenian genocide. Let them arrest me," Bag?s said last week...
Swiss cheese exports up in 2011
Swiss cheese exports held firm in 2011 with smaller, speciality brands driving demand despite the strong Swiss franc, figures out Monday showed. After a sluggish start, the industry managed to...
Swiss bank Julius Baer cautious about US tax probe
GENEVA- Swiss bank Julius Baer Group said Monday that it may have to pay a fine to settle allegations it helped American clients cheat on their taxes, but cautioned investors that the final outcome...
LCP moves further into Swiss market
Pensions and investment consultants Lane Clark & Peacock has expanded its Swiss operations with the launch of LCP Asalis. The new investment consulting practice will provide bespoke,...
Swiss economy still suffering
The prospects for the Swiss economy have changed marginally in the latest Financial Market Test Switzerland, conducted by Credit Suisse in cooperation with the Centre for European Economic Research...
Recession looms for Swiss economy
The Swiss economy is set to slide into recession in 2009, predict experts at Credit Suisse. Switzerland’s real economy finally felt the full force of the financial crisis in late 2008....
Swiss economy will neither boom nor bust
The Swiss economy is expected to neither boom nor go bust in 2009, according to economists at Credit Suisse. Thus far, the Swiss economy has proven to be robust, and although the current...
Zurich Ireland outperforms market despite slump in new Life Insurance business
The Irish branch of Zurich (Eagle Star Life) has revealed that for the six months ending June 2008 it has outperformed the market, with Pensions Annual Premium new business of €47.4 million. ...
Aberdeen opens in Zurich
Aberdeen Asset Managers (Aberdeen) has opened new offices in Zurich, allowing enhanced levels of business in Switzerland, where the group has already been present for ten years. Aberdeen employs...
BW Switzerland Opens Hotel Catering to Tall Guests >
Best Western Switzerland Opens Hotel Catering to Tall GuestsBERN (Sept. 24,...
Swisscom teams up with Ericsson for M2M services; launches HD voice service
Swedish vendor Ericsson has announced that it has inked a partnership deal with Swiss incumbent Swisscom to develop the machine-to-machine (M2M) market. Swisscom will...
Dying from asbestos… and having to prove it
The situation is even more complicated for lung cancer, given the various risk factors such as smoking and asbestos, as well as exposure to substances like radon and cobalt. Here Suva uses the...
United tax evasion defences start to crumble
All eyes will be on the year end results from Switzerland's biggest banks this coming week, but thoughts will also be turned to the fallout from tax evasion...
Switzerland Stocks Drop as Greek Debt Talks Continue; Bank Shares Decline
3.1 percent this year . The broader Swiss Performance Index also retreated 0.5 percent today. "The market is extremely nervous before the Greek government gives an answer on the haircut that...
Switzerland Records Weak Foreign Trade In 2011
The strong Swiss franc and the gloomy outlook for the global economy have affected Swiss foreign trade, according to the latest figures released by the Swiss Federal Department of Finance (FDF). ...
Julius Baer Expects Fine In US Tax Matter, Profit Down
ZURICH -- As it reported a decline in full-year net profit, Julius Baer Group (BAER.VX) Monday said it expects to pay a fine as a result of a U.S. campaign to track down Americans with assets hidden...
Switzerland January New Car Sales Rise 15% On Year To 23,386
ZURICH -(Dow Jones)- New car sales in Switzerland rose 15% in January from the same month last year, according to figures issued Monday by industry association Auto-Schweiz. During the month,...
Swiss Must Kill Bank Secrecy, Revise Deals, EU Tax Chief Says
Feb. 6 (Bloomberg) -- Switzerland must eliminate banking secrecy and renegotiate tax accords with the U.K. and Germany that clash with regional initiatives, according to European Union Tax...
DGAP-News: Cytos Biotechnology Ltd: Convertible bond restructuring proposal approved by the Higher Court of the Canton ...
Cytos Biotechnology Ltd: Convertible bond restructuring proposal approved by the Higher Court of the Canton of Zurich. Strategic solutions are further being...
Presentation of the 2011 Full-Year Results1 for the Julius Baer Group
Julius Baer has taken an early, pro-active and cooperative approach to resolving the US tax situation and will continue to cooperate fully with the US authorities, within the confines of Swiss laws...
Swiss banks signal steps in US tax brawl
Two Swiss banks will this week outline their response to growing pressure from the US to give up tax-evading American customers and the bankers who helped...
Swiss banks to outline steps in US tax evasion row
GENEVA (AP) -- Two of Switzerland's oldest banks will this week outline their response to growing U.S. pressure to give up tax-evading American customers and the bankers who helped them.Senior...
Swiss banks prepare strategy after U.S. indicts Wegelin
The U.S. Justice Department has indicted Switzerland's oldest private bank, claiming it conspired with Americans and others to hide more than $1.2 billion in client assets from the Internal...
UBS, Credit Suisse Among Banks in Swiss Libor-Fixing Probe
Feb. 3 (Bloomberg) -- UBS AG and Credit Suisse Group AG are among 12 banks facing a Swiss inquest into possible manipulation of the London interbank offered rate, the latest probe into how the...
Swiss banks to outline steps in U.S. tax evasion row
GENEVA (AP) - Two Swiss banks will this week outline their response to growing pressure from the U.S. to give up tax-evading American customers and the bankers who helped them.Julius Baer Group and...
Australia beat Switzerland in Fed Cup
Australia have set up the chance to return to the Fed Cup's World Group next year following their 4-1 win over Switzerland in Fribourg.Following Samantha Stosur's second straight sets...
Young hockey players from Mexico get plenty of ice time in Geneva
Ivan Toledano was 1,600 miles from home and alone on the ice Saturday at the Fox Valley Ice Arena, awaiting one of hockey's greatest challenges. Crouched in front of the net, the young Mexican...
Swiss media blame banks for caving in to US pressure
Swiss banks came under fire in Sunday newspapers for giving in to US demands on banking secrecy. "Swiss banks capitulate" wrote the French-language Le Matin Dimanche describing a situation...
Basel held, Young Boys see off Servette
Leaders Basel were held to a goalless home draw by third-placed FC Sion today. Basel's point extended their lead at the top to seven points ahead of Lucerne and Sion, who are locked...