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  • EU grain to enjoy spoils of Russian export curbs Thursday, 18 Dec 2014 | 12:05 PM ET

    *Australia, Argentina, Canada, Ukraine could also benefit. PARIS, Dec 18- European Union grain exporters will be the main beneficiaries of Russia's pullback from international grain markets as Moscow races to cool domestic prices in the face of economic crisis, analysts and traders said. "At current prices, it's clearly European wheat that will benefit," Andree...

  • Europe shares rally, led up by rebound for oil stocks Thursday, 18 Dec 2014 | 6:53 AM ET

    LONDON, Dec 18- European stocks rose on Thursday, led higher by energy-related stocks as oil rose and by strength in financials after the U.S. At 1135 GMT, the FTSEurofirst 300 index of top European shares was up 1.9 percent at 1,341.86 points. Oil companies topped the index, with Norway's Seadrill up 8.7 percent and Statoil up 6.4 percent, as Brent crude jumped 3...

  • Swiss central bank imposes negative interest rates Thursday, 18 Dec 2014 | 4:59 AM ET

    BERN, Switzerland— Following the fallout of the slide in the Russian ruble, Switzerland sought Thursday to prevent the Swiss franc from breaching upper limits imposed on the currency by introducing negative interest rates on commercial bank deposits. The move forces commercial banks to pay to deposit their francs with the Swiss National Bank— usually they...

  • Dec 18- Chinese government approval for imports of a controversial type of Syngenta AG biotech corn increases the likelihood the seed maker will pay settlements to more than 100 U.S. farmers and exporters suing for damages from grain shipments rejected by Beijing, lawyers said. Agriculture Secretary Tom Vilsack, who cited talks with Chinese Vice Premier Wang...

  • ZURICH, Dec 17- The Swiss National Bank chose the first female director in its 107- year history on Wednesday as it braces for a potentially tough policy test if the European Central Bank starts full-blown quantitative easing in 2015.. Andrea Maechler, deputy division chief at the International Monetary Fund, will head the SNB department responsible for the...

  • ZURICH, Dec 17- The Swiss government said on Wednesday it had chosen Andrea M. Maechler to become the first female member of the Swiss National Bank's governing board in the central bank's 107- year-history. Maechler will replace board member Fritz Zurbruegg, who will become vice-president of the bank on July 1 after the incumbent Jean-Pierre Danthine retires.

  • Swiss UBS to delist shares, make holding company Wednesday, 17 Dec 2014 | 5:45 AM ET

    GENEVA— Switzerland's largest bank UBS AG is moving to delist its shares from trading on exchanges in New York and Zurich as part of a reorganization to offer a safeguard against catastrophic losses. The Zurich- based bank says its directors have resolved to apply to delist UBS AG shares from the New York Stock Exchange and the SIX Swiss Exchange.

  • Why this Swiss bank whistleblower can't leave US Tuesday, 16 Dec 2014 | 2:32 PM ET
    Bradley Birkenfeld, a former banker with UBS, left, and his attorney Stephen Kohn hold a news conference outside Schuylkill Federal Correctional Institution in Minersville, Pa, in 2010.

    Former UBS banker Bradley Birkenfeld, who was paid $104 million for information he provided, wants to leave the U.S. now. Why he can't.

  • ZURICH, Dec 16- Switzerland has added 13 people and five organizations to a list designed to stop the country being used as a conduit to circumvent Western sanctions against Russia. Switzerland, which is outside the European Union but is linked by agreements governing trade and other measures, decided in March not to join the sanctions that the EU has imposed...

  • BRUSSELS, Dec 15- European Union antitrust regulators on Monday approved the proposed merger of France's Lafarge and Swiss peer Holcim to create the world's biggest cement maker after they promised to sell a swathe of overlapping assets. Holcim and Lafarge said the package, with the exception of a minor change in France, was about the same as that announced in...

  • *Iraq faces budget deficit of $30 billion- minister. BAGHDAD, Dec 12- Iraq is seeking to postpone a final $4.6 billion instalment of reparations for its 1990-91 occupation of Kuwait, Finance Minister Hoshiyar Zebari told Reuters, as it faces a cash crisis caused by falling oil prices and war with Islamic State. Since Iraq was first allowed to resume oil sales nearly...

  • Last call for sleeper trains linking Berlin, Paris Friday, 12 Dec 2014 | 1:56 AM ET

    It's the sleeper train from Paris, 20 minutes late. German railway company Deutsche Bahn is ending the sleeper service between Paris and Berlin this week, citing unsustainable losses. A mid-week journey from Berlin to Paris by night train costs from 70 euros and takes 12 hours.

  • GENEVA, Dec 11- A trillion dollar deal at the World Trade Organisation to reduce tariffs in the vast information technology sector will stand or fall in the next 24 hours, trade diplomats said on Thursday. But late on Thursday one trade official involved with the talks said a deal would be very unlikely because of a stand-off between South Korea and China, which was...

  • DIARY- Top Economic Events to Dec 25 Thursday, 11 Dec 2014 | 7:01 PM ET

    FRANKFURT- Deutsche Bundesbank Vice President Claudia Buch to speak on "May change happen"- 1200 GMT. OSLO- Norges Bank Governor Oystein Olsen and Norges Bank Investment Management Director Yngve Slyngstad hold lectures for the regional network. STOCKHOLM- Sweden's central bank holds monetary policy meeting.

  • LONDON/ GENEVA, Dec 11- GAVI, the global vaccines alliance, said on Thursday it was committing up to $300 million to buy Ebola vaccines, as one experimental shot hit a snag in a Swiss clinical trial after some subjects reported joint pains. GAVI, which is funded by governments and the Bill& Melinda Gates Foundation, said it was ready to begin procurement as soon as the...

  • Ebola vaccine trial suspended after side effects Thursday, 11 Dec 2014 | 8:50 AM ET

    LONDON— Swiss researchers have suspended the testing of one of the leading Ebola vaccine candidates after some volunteers reported unexpected side effects. In a statement issued on Thursday, the Hopitaux Universitaires de Geneve said the trial had been suspended "as a precautionary measure." Officials will stop giving the vaccine next week to get more data...

  • Swiss charge former HSBC analyst with data theft Thursday, 11 Dec 2014 | 8:47 AM ET

    The case of Herve Falciani, a former employee of global banking group HSBC, has been making headlines in Europe since he fled Switzerland in 2008. He has been accused of stealing stole information between 2006 and 2007 relating to 24,000 customers of the Swiss division of HSBC. The Office of the Attorney General of Switzerland says the data theft charges...

  • *India ONGC may get stake in Russia's far east LNG project. NEW DELHI, Dec 11- Russia's top oil producer Rosneft struck oil and gas deals with India on Thursday, seeking to strengthen ties with Asia and diversify its exports away from Europe, under pressure from Western sanctions. During President Vladimir Putin's one-day visit to the Soviet-era ally, Rosneft...

  • LONDON, Dec 11- GAVI, the global vaccines alliance, said on Thursday it was committing up to $300 million to buy Ebola vaccines and was ready to begin procurement as soon as the World Health Organization recommends one for use. Clinical trials with experimental shots are now underway as experts race to contain an epidemic that has killed more than 6,000 people in...

  • European shares extend slide; Airbus drops again Thursday, 11 Dec 2014 | 4:29 AM ET

    *Airbus sags; worries on demand for fuel-efficient aircrafts. PARIS, Dec 11- European shares fell in early trading on Thursday, losing ground for the fourth session in a row, as this week's slump in oil and iron ore prices weighed on a number of resource-related stocks. Shares in Airbus fell as much as 4.5 percent, adding to a 10 percent drop in the previous session...