Corporate

Turnover increased by 7.8% to 5.01 billion francs for Barry Callebaut in the first nine months of 2015-2016. The Zurich-based chocolate manufacturer has registered an increase of 4.2% of its sales volume to 1.38 million tons.

The result, achieved despite a worldwide market for sweets down 2%, can be attributed to a better range of products and to an increase in prices of ingredients, the group announced today. The performance goes a little over the average expectations of the financial agency AWP consulted analysts who expected an increase of 4.1% in sales volume and a turnover of 4.93 billion francs.

UBS wants to create a European bank focused on the administration asset: UBS will have the name of SE Europe, by grouping different units in the EU. Writes the Handelszeitung (HAZ), adding that the venue will be in Frankfurt and that the departure is scheduled in the fourth quarter.

When contacted by the agency AWP, a spokeswoman for UBS confirmed in essence the plans, stating that the venue has not yet been selected and the decision will be made later this year.

French food group Danone announced the purchase of The WhiteWave, US companies, specializing in the production of bio-based products and vegetable milk. The transaction values in the $ 12.5 billion that the American company has in its portfolio brands such as Silk, So Delicious, Alpro and Vega.
The agreement provides that the Us Group shareholders will receive $ 56.25 for each share their cash. It is a premium of 19% over the closing price on Wednesday. Danone thus doubling its size in the United States, increasing its presence from 12% now to 22%.

Customers of Credit Suisse will soon be able to operate at the ATM through his own smartphone. Cash transactions, such as deposits and withdrawals, may be made without using the card and the starting date is set for next Tuesday. It is the first bank in Switzerland to offer this possibility.

According to a press release today, about 330 ATM of Credit Suisse and its subsidiary, Neue Aargauer Bank, have been equipped with the technology to "Cardless Loyalty Cash", the new feature in the app institute called Private Banking Switzerland

McDonald’s is the master of Mac and Mc suffixes: the decision that will surely set a precedent in the world of commerce, came after a legal battle waged by the American giant of fast-food.

The EU Court ruled that "the reputation of McDonald’s brand is used to prevent the registration, for food or drinks, the brands that combine the prefix ‘Mac’ or ‘Mc’ with the name of a product food or a drink ".

Switzerland is among the seven countries that emerge as the flagship reality of the fourth industrial revolution, which sees in the foreground as information and communication technologies (ICT). It says a report by the World Economic Forum (WEF).

The 2016 edition of The Global Information Technology Report puts thr Helvetic country – along with Sweden, Israel, Singapore, the Netherlands and the United States – a world leader in generating economic impact of investments in ICT.
Among emerging markets, Russia remains stable at 41 th place, China, advancing three positions, is located at 59 th place; leap forward for South Africa passing to 65th place while India recedes, surprisingly, at the 91 th place.

After rumors of recent weeks, the official approval has arrived: Abu Dhabi will have a new banking giant 175 billion dollars of assets. NBAD and First Gulf Bank, respectively the second and the third largest bank in the UAE, today approved their merger. In a joint statement the two banks explain that the merged bank will be the largest in the Middle East and North Africa.

The transaction, which will be completed in the first quarter of next year, will lead to the cancellation of the First Gulf Bank name from the register of the Abu Dhabi stock exchange values. The new institute will be named National Bank of Abu Dhabi, although FGB shareholders will have a majority with 52% of capital.

To restructure Volkswagen after dieselgate "it will take about two generations of vehicles" about fourteen years: this is the judgment of Herbert Diess, CEO of Volkswagen home.

The manager, in an interview with the Süddeutsche Zeitung, claims that the company now focuses "on where we need it or not we must invest in the future, with particular reference to innovation" with regard to electric cars and their batteries, explains Diess, "account for between 30 and 50% of the value of the vehicle."