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  • *138,000 Syrian Kurds crossed into Turkey in past week. GENEVA, Sept 23- The United Nations refugee agency said on Tuesday it was making contingency plans in case all 400,000 inhabitants of the Syrian Kurdish town of Kobani fled into Turkey to escape advancing Islamic State militants.

  • GENEVA, Sept 23- The United Nations refugee agency said on Tuesday it was making contingency plans for all 400,000 inhabitants of the Syrian Kurdish town of Kobani to flee into Turkey to escape advancing Islamic State militants.

  • GENEVA, Sept 23- The United Nations refugee agency said on Tuesday that it was making contingency plans for all 400,000 inhabitants of the Syrian Kurdish town of Kobani to flee into Turkey to escape an advance of Islamist militants.

  • FRANKFURT, Sept 22- Germany's Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry.

  • FRANKFURT, Sept 22- Germany's Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry.

  • Swiss bank UBS loses $1.4B bail appeal in France Monday, 22 Sep 2014 | 11:32 AM ET

    BERLIN— Swiss bank UBS AG has failed to overturn a bail order for 1.1 billion euros set by a French court in a tax evasion and money laundering case. The Zurich- based bank said it was informed Monday of the appeals court decision, which it said failed to take into account the arguments it put forward.

  • *Siemens shares down 0.6 percent, Sulzer down 4.2 percent. FRANKFURT, Sept 22- Germany's Siemens has agreed to buy U.S. oilfield equipment maker Dresser-Rand for $7.6 billion in cash, aiming to catch up with arch-rival General Electric in a booming U.S. shale gas market.

  • Rivals dash to support Apple Pay for fear of losing out Saturday, 20 Sep 2014 | 3:12 AM ET
    Apple CEO Tim Cook speaks during an Apple special event at the Flint Center for the Performing Arts on September 9, 2014 in Cupertino, California.

    Apple new mobile payments system is winning over financial industry heavyweights, signaling the likely demise of lesser payment alternatives.

  • FRANKFURT, Sept 19- General Electric Co and Germany's Siemens are considering bids for compressor and turbine maker Dresser-Rand that could derail a merger between Dresser-Rand and Swiss pump maker Sulzer, according to media reports.

  • But Apple Inc's new mobile payments system- unveiled just ten days ago- is already winning over the heavyweights of the financial industry and signaling the likely demise of lesser payment alternatives.

  • FRANKFURT, Sept 19- Germany's Siemens is considering a bid for compressor and turbine maker Dresser-Rand that could potentially derail a merger between Dresser-Rand and Swiss pump maker Sulzer, according to several media reports on Friday.

  • ZURICH, Sept 18- Switzerland's central bank vowed to vigorously defend a three-year-old cap on the Swiss franc which has come under pressure from a recent appreciation of the currency, but it stopped short of announcing concrete new measures for now.

  • *West says Iran cooperation with IAEA needed for nuclear deal. The United States and the European Union said they were concerned about the slow headway so far in the U.N. atomic agency's long-running inquiry into allegations that Iran has worked on designing a nuclear weapon.

  • Companies in Europe pledge 100K new youth jobs Thursday, 18 Sep 2014 | 4:50 AM ET

    The alliance of major companies including Nestle and Google aims to create tens of thousands additional jobs— or apprenticeships and internships that lead to jobs— over the next several years.

  • *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.

  • Credit Suisse loans under US Fed scrutiny: Report Wednesday, 17 Sep 2014 | 8:09 AM ET

    The Federal Reserve has asked Credit Suisse to address problems relating to the bank's underwriting and sale of leveraged loans.

  • For Roche CEO, celebrating failure is key to success Wednesday, 17 Sep 2014 | 8:06 AM ET

    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.

  • UPDATE 1-Credit Suisse loans under U.S. Fed scrutiny -WSJ Wednesday, 17 Sep 2014 | 4:16 AM ET

    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.