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Glencore-Xstrata cuts back on stalled PH mine

FILE PHOTO

Swiss mining giant Glencore Xstrata said Tuesday it is laying off nearly all workers at its $5.9-billion copper project in the Philippines which has been stalled by regulators.

Posted: August 13th, 2013 in Latest Business Stories | Read More »

Switzerland eyes law on frozen dictator funds

Ferdinand Marcos. AFP FILE PHOTO

Switzerland, currently in the process of restituting assets to several former autocratic countries, is working on a new law aimed at simplifying the process of freezing and unblocking such funds, the government said Wednesday.

Posted: May 23rd, 2013 in Latest Business Stories,Photos & Videos | Read More »

Nestle expands Singapore R&D amid Asia market growth

Photo from http://www.nestle.com.sg/

Swiss-based global food giant Nestle said Wednesday that it had expanded its research and development operations in Singapore, amid robust Asian market growth.

Posted: May 22nd, 2013 in Latest Business Stories | Read More »

$5.9B mine project, PH’s largest, gets DENR OK

By , ,

The country’s largest mining project has finally gotten the green light from the Department of Environment and Natural Resources (DENR) but under stiff conditions, an official said on Tuesday.

Posted: February 20th, 2013 in Headlines | Read More »

Nestle warns market will stay tough in 2013

Nestle CEO Paul Bulcke speaks during the 2012 full-year results press conference of Nestle in Vevey, Switzerland, Thursday, Feb. 14, 2013. Nestle SA, the world's biggest food and drinks maker, predicted another challenging year ahead.  AP PHOTO/KEYSTONE, LAURENT GILLIERON

Swiss-based food giant Nestle warned Thursday that business was likely to be tough this year, after its 2012 results showed a slowdown in growth in emerging markets.

Posted: February 15th, 2013 in Latest Business Stories | Read More »

Nestle makes $11.55 billion profit in 2012

Nestle-1

Nestle SA, the world’s biggest food and drinks maker, overcame tough global economic conditions to post a full-year net profit of 10.6 billion Swiss francs ($11.55 billion) for 2012, but predicted another challenging year ahead, the company said in a statement.

Posted: February 14th, 2013 in Latest Business Stories | Read More »

IMF chief warns gov’ts against complacency

Visiting International Monetary Fund Managing Director Christine Legarde. AP

The crisis mood is gone, but that doesn’t mean you can slip back into your old ways—that’s the message from top international finance officials wrapping up the World Economic Forum here.

Posted: January 28th, 2013 in Latest Business Stories | Read More »

The Philippine story: ‘Sick man of Asia’ now transforming, revitalized, dynamic

By
President Benigno Aquino III  Malacañang Photo Bureau(file)

President Benigno Aquino III has pitched to the international investor community the Philippine story of transformation from being a “sick man of Asia” into one dynamic country bucking a global economic downturn.

Posted: January 26th, 2013 in Featured Gallery,Headlines,Photos & Videos | Read More »

Aquino to put PH in global focus in Davos debut

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President Benigno Aquino III. FILE PHOTO

Joining the World Economic Forum (WEF) for the first time, President Aquino will invite more investors and tourists to come to the Philippines to create more jobs and sustain the country’s economic momentum beyond his term, Communications Secretary Ricky Carandang said.

Posted: January 24th, 2013 in Latest Business Stories | Read More »

Aquino to seek more investors, tourists from Europe—Palace

By
Cleaning staff make the last preparations inside the Congress Center, on the eve of the opening of the 43rd Annual Meeting of the World Economic Forum in Davos, Switzerland, Tuesday, Jan. 22, 2013. By coming to the WEF for the first time, President Aquino is seeking more investors and tourists to come to the Philippines.  AP PHOTO/ANJA NIEDRINGHAUS

By coming to the World Economic Forum for the first time, President Aquino is seeking more investors and tourists to come to the Philippines in order to create more jobs and sustain the country’s economic momentum beyond his term as chief of state.

Posted: January 24th, 2013 in Latest Business Stories | Read More »

Aquino to showcase PH’s performance in Davos

By
President Benigno Aquino III. FILE PHOTO

President Aquino is scheduled to arrive here early Thursday morning on a three-day visit seen to herald the Philippine growth story to global business leaders, fellow heads of state, multilateral institutions, civil society and the Filipino-Swiss community.

Posted: January 23rd, 2013 in Latest Business Stories | Read More »

Swatch in $1 billion deal for Harry Winston brand

In this April 26, 2010 file picture flags wave in front of the headquarters of Swatch Group in Biel, Switzerland. Switzerland's biggest watch maker, Swatch Group AG, will pay about US dollar 1 billion to acquire Canada's Harry Winston watch and jewelry brand, officials from both companies said Monday, Jan. 14, 2013. AP Photo/Keystone/Martin Ruetschi, File

Switzerland’s biggest watch maker, Swatch Group AG, will pay about $1 billion to acquire Canada’s Harry Winston watch and jewelry brand, officials from both companies said Monday.

Posted: January 14th, 2013 in Latest Business Stories | Read More »

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