The U.S. climbs further up the ranks of the world's most competitive economies, the World Economic Forum says in its annual report.» Read More
VEVEY, Switzerland— Some 200 companies on Thursday pledged to create new work and training opportunities for Europe's young jobseekers, of which one out of four is unemployed.
*Sulzer worth $4.6 bln, Dresser-Rand worth $5.6 bln. Sept 17- Swiss pump maker Sulzer said on Wednesday it is in talks on a potential combination with U.S. compressor and turbine maker Dresser-Rand, a deal that would create a machinery company with a combined market valuation exceeding $10 billion.
South Africa's richest man Johann Rupert has a track record of leading Swiss-based Richemont through difficult times and his comeback at the company's annual general meeting in Geneva provided some comfort for investors.
The Federal Reserve has asked Credit Suisse to address problems relating to the bank's underwriting and sale of leveraged loans.
LONDON, Sept 17- Roche Chief Executive Severin Schwan likes to crack open the champagne with his drug research teams at the end of a big project- especially when they fail.
Federal Reserve has asked Credit Suisse to address problems relating to the bank's underwriting and sale of leveraged loans, the Wall Street Journal reported, citing a source familiar with the matter.
Luxury watch makers are grappling with political instability in Hong Kong, the leading market for Swiss watches, and weak demand in China, where the government's fight against illegitimate gifting has hurt sales of expensive timepieces.
WASHINGTON/ GENEVA, Sept 16- The United States announced on Tuesday that it would send 3,000 troops to help tackle the Ebola outbreak as part of a ramped-up response including a major deployment in Liberia, the country where the epidemic is spiralling fastest out of control. So far Cuba and China have said they will send medical staff to Sierra Leone.
*Roche, Novartis say low prices hurt R&D. ZURICH, Sept 16- Switzerland, home to the world's two biggest drugmakers, might be expected to give them an easy ride. But Roche and Novartis are finding no immunity in their home market from a European-wide price squeeze.
*Swiss Re expects natural catastrophe price fall to slow. *Munich Re says risks must be priced right for long term. ZURICH/ MONACO, Sept 15- The world's biggest reinsurers put a brave face on the outlook for an increasingly crowded business on Monday, saying they expected a slowing decline in prices and new opportunities in some markets.
*Swiss Re expects natural catastrophe price fall to slow. Swiss Re, the world's second-largest reinsurer, said on Monday it expected to see a slowing decline in natural catastrophe pricing rates, with demand doubling in some markets by 2020..
*Reinsurers in Monte Carlo for Sept. 13-17 conference. "I am disappointed, exasperated, and even rather appalled by what is happening in the market," said Nikolaus von Bomhard, chief executive of the world's biggest reinsurer, Munich Re.
The plan, a draft of which was seen by Reuters on Thursday, says the minimum total loss absorption capacity at the top banks should be between "16 and 20 percent of risk-weighted assets and at least twice the Basel 3 Tier 1 leverage ratio requirement."
ZURICH/ FRANKFURT, Sept 10- Apple Inc's iPod upended the music industry, and its iPhone knocked Nokia off its smartphone perch, but Swiss watch makers breezily dismissed warnings that the technology giant's new wristwatch gadget could do something similar to them.
Sept 10- Apple Inc's unveiling of larger iPhones and a mobile payments service led to contrasting fortunes for GT Advanced Technologies Inc and On Track Innovations Ltd.. Shares of GT Advanced plunged a second day on Wednesday after it emerged that the company's scratch-resistant sapphire glass had been left out of Apple's new large-screen iPhones.
LONDON, Sept 10- Some European banks being checked by regulators for signs of capital weakness may be sitting on up to a trillion dollars of potentially unsafe assets because their holdings of sovereign bonds are not being fully risk assessed, a new study has found.
LONDON, Sept 9- The British subsidiary of French train and turbine maker Alstom paid around $8.5 million in bribes over a six-year period to win transport contracts in India, Poland and Tunisia, Britain's leading fraud prosecutor alleged on Tuesday.
*To buy back $4 billion of shares. LONDON, Sept 9- Swiss engineering group ABB said it would buy back $4 billion of shares, offering a sweetener to investors after a series of problems at its power systems unit and in the face of sluggish global growth.
Now they're hoping that Apple will do it for them. Next week, Apple Inc is expected to stride into the market for wearable accessories that link wirelessly up to phones and create a template for other firms that have struggled to create products consumers would want to be seen in.
*Big push into Asia as reputations damaged in U.S. ZURICH, Sept 4- Switzerland's allure as a place to stash cash has been badly damaged by a U.S.-led campaign against tax cheats, and the country's roughly 140 private banks can no longer rely on a reputation for secrecy to attract wealthy customers.