Zurich benefits from less-disastrous world

ZURICH, SWITZERLAND – Insurance company Zurich Thursday 10 May reports a 78 percent increase (dollars) in net income attributable to shareholders for the quarter ending 31 March, compared to a year earlier. The company’s business operating profit was  $1.4 billion and net income after tax was $1.1b. The “strong performance”, as Zurich qualified the quarter’s […]

Business: UBS profits down 54%, Swisscom takes a dip (update)

Investors see the silver lining in UBS’s gray cloud ZURICH, SWITZERLAND – Switzerland’s largest bank, UBS, turned in a glum first quarter financial report 2 May, showing a net profit of CHF828 million, down by 54 percent compared to the same period a year earlier. An accounting charge led to a loss at the investment […]