GO
Loading...

Switzerland

More

  • Risk modelers look to clarify cyber risk costs Friday, 19 Dec 2014 | 4:58 PM ET

    NEW YORK, Dec 19- Even as the Sony Corp cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to get. While high-profile attacks at retailers such as Target Corp and Home Depot Inc this year have spooked consumers, the devastating...

  • AP Interview: Coelho says Sony hack threatens all Friday, 19 Dec 2014 | 3:56 PM ET

    GENEVA— Brazilian author Paulo Coelho says the Sony hack threatens us all if society doesn't enforce important values: our individual and collective freedom of expression and an unwavering refusal to negotiate with anonymous terrorists. The best-selling author said in an interview Friday with The Associated Press that he was prepared to make himself an...

  • GENEVA, Dec 19- Trials of GlaxoSmithKline's experimental Ebola vaccine are likely to move to a second phase in February, later than previously suggested, after a meeting of national regulators said they needed more information. Countries where the trials are planned-- Cameroon, Ghana, Mali, Nigeria and Senegal-- should receive and review the additional...

  • Dec 18- Chinese government approval for imports of a controversial type of Syngenta AG biotech corn increases the likelihood the seed maker will pay legal settlements, said some lawyers for U.S. farmers and exporters suing for damages from grain shipments rejected by Beijing. Agriculture Secretary Tom Vilsack, ends uncertainty about Agrisure Viptera...

  • UNITED NATIONS, Dec 18- Iran has not demonstrated sufficient flexibility in nuclear talks with six world powers aimed at ending a 12- year standoff with the Islamic Republic over its atomic ambitions, France and Britain said on Thursday. The remarks, at the United Nations, came just after the completion of another inconclusive round of negotiations in Geneva...

  • UNITED NATIONS, Dec 18- Iran has not demonstrated sufficient flexibility in nuclear talks with six world powers aimed at ending a 12- year standoff with the Islamic Republic over its atomic ambitions, France and Britain said on Thursday. The remarks at the United Nations came just after the completion of another inconclusive round of negotiations in Geneva...

  • *US, Cuba have agreed to restore diplomatic ties. GENEVA, Dec 18- The European Union, which once launched a lawsuit to try to break the U.S. economic embargo on Cuba, said on Thursday it still wanted the blockade lifted but it was prepared to wait. Obama has wide executive powers to further open up to Cuba, and the White House wants to see the trade embargo lifted by the time...

  • 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...