swiss francs

Credit Suisse Group has reported fourth-quarter earnings of 841 million Swiss francs ($876 million) and cut its goal for profitability.

Switzerland's central bank says it has lost 21 billion Swiss francs ($22 billion) in 2010 as the currency, considered by investors as a safe haven, rose strongly against the dollar and the euro.

(Gold Communications) One million Swiss Francs (approx Eur. 760,000, $980,000, £638,000) were awarded for each of the four subjects.

Half of the amount must be destined by the winners to research projects.

Swiss food and drinks company Nestle SA reported Wednesday a 7.5 percent rise in half-year net profit to 5.45 billion Swiss francs ($5 billion) and raised its full-year outlook as global sales increased despite adverse currency exchange rates.

Swiss food and drinks company Nestle SA reported a full-year net profit of 10.4 billion Swiss francs ($9.55 billion) Friday, a significant drop from the 18 billion francs it earned the previous year, when it benefited from the sale of part of its stake in eye care company Alcon.

Credit Suisse Group posted a fourth-quarter net profit of 793 million Swiss francs, or $746 million, on Thursday, blaming write-downs and a hefty U.S. legal settlement for failing to meet expectations.

Swiss bank UBS AG posted a fourth-quarter profit of 1.205 billion Swiss francs ($1.12 billion) Tuesday, beating analysts' expectations partly thanks to a tax credit, but said rich clients' withdrawals had continued.

Drug maker Roche Holding AG on Wednesday reported a 22 percent drop in full-year net profit to 8.51 billion Swiss francs ($8.06 billion), citing costs linked to the takeover of California-based Genentech.

Hard-hit Swiss bank UBS AG, beset by a U.S. tax evasion probe, posted a second quarter loss of 1.4 billion Swiss francs ($1.3 billion) Tuesday in an improvement over the first three months of the year.

Improvement in its investment banking business led Credit Suisse to a second-quarter net profit of 1.6 billion Swiss francs, or $1.5 billion, the bank reported Thursday.