The Local Switzerland

US banks freeze accounts of Switzerland's Sulzer after Russia sanctions

Thu, 12 Apr 2018 10:48:14 +0200

Swiss engineering company Sulzer said on Wednesday that its bank accounts in the United States had been partially frozen after one of its top shareholders was targeted by US sanctions.

UK group to swallow Swiss engineering rival

Thu, 13 Feb 2014 16:45:00 +0100

British energy engineering group AMEC announced Thursday it is to take over Swiss-headquartered rival Foster Wheeler in a $3.3-billion deal which will strengthen its position in the oil sector and high-growth regions.

Banker not guilty of running slush fund

Tue, 26 Apr 2011 14:10:00 +0200

Switzerland's highest criminal court on Thursday acquitted a private banker of charges of running slush funds allegedly used by French engineering giant Alstom to bribe foreign officials.