swiss

Novartis CEO plays down prospects for Actelion bid: Blick

Novartis Chief Executive Joe Jimenez has played down suggestions the Swiss drugmaker could bid for Swiss biotech group Actelion, which is in talks with U.S. healthcare group Johnson & Johnson about a transaction. Asked by Swiss Sunday newspaper SonntagsBlick

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Novartis CEO plays down prospects for Actelion bid: Blick

swiss

UBS chief says Swiss government is leaving banks exposed

Switzerland's politicians have done too little to protect the country's banks from demands for data from foreign governments, UBS Chief Executive Sergio Ermotti said in an interview published by the SonntagsZeitung newspaper on Sunday. Since the financial crisis, cash-strapped governments around the world have clamped down on tax evasion, with authorities investigating Swiss banks in Germany, France and the United States. “This is unacceptable and opens the door for a new offensive against Swiss banks,” he told the paper, adding that the government…

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UBS chief says Swiss government is leaving banks exposed

swiss

Exclusive: Francisco Partners, Elliott near Dell software deal – sources

Divesting the software assets will help Dell refocus its technology portfolio and bolster its balance sheet after it agreed in October to buy data storage company EMC Corp for $67 billion. EMC

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Exclusive: Francisco Partners, Elliott near Dell software deal – sources

swiss

Oil rallies as fears over Brexit abate

Oil rallied on Monday, lifted by a wave of investor confidence and a weaker dollar after polls showed a diminishing chance that Britain may vote to leave the European Union later this week. Three opinion polls ahead of Thursday's vote showed the 'Remain' camp recovering some momentum, although the overall picture remained one of an evenly split electorate. Investment safe havens such as gold, the U.S. dollar, German bonds…

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Oil rallies as fears over Brexit abate

swiss

Desperate in Davos: policymakers struggle for answers

By Noah Barkin DAVOS, Switzerland (Reuters) – Angela Merkel was missing from Davos this year, but the German leader's optimistic mantra “we can do this” echoed through the snowy resort in the Swiss Alps. Beneath the veneer of can-do optimism at the World Economic Forum, however, was a creeping concern that the politicians, diplomats and central bankers who flock each year to this gathering of the…

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Desperate in Davos: policymakers struggle for answers