Swiss business news: Swatch up, Swisscom stalls

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Zurich, Switzerland - Swatch is well and truly out of the economic slump, but Swisscom is still weighed down by its purchase of Italy’s Fastweb. Financial results for the two companies published Wednesday 4 August show Swatch with half-year profits up 54.4 percent, to CHF465 million. Strong growth in Europe accounted for much of ...

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