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  • ZURICH, Oct 23- Credit Suisse reported stronger-than-expected third quarter profits on Thursday, bolstered by its investment bank, which benefited from a rise in bond-trading and fees from the multi-billion dollar listing of China's Alibaba. This marks a return to profit for the Zurich- based bank after it reported its biggest loss since the financial crisis...

  • *Topic expected to be discussed at Geneva vaccines meeting. LONDON/ GENEVA, Oct 23- Drugmakers are looking for some kind of indemnity from governments or multilateral agencies for the widespread emergency use of new Ebola vaccines in Africa. While the issue will not delay the industry's ongoing work to accelerate production and clinical testing of three...

  • Credit Suisse Q3 profit more than doubles Thursday, 23 Oct 2014 | 2:05 AM ET

    GENEVA— Credit Suisse's profits more than doubled in the third quarter as Switzerland's second-largest bank benefited from cost cutting, brisk business in emerging markets and the services it provides for wealthy clients. The Zurich- based bank pleaded guilty in May to aiding U.S. tax evaders and agreed to pay about $2.6 billion to the U.S. government and...

  • Weatherford misses Street 3Q forecasts Wednesday, 22 Oct 2014 | 7:51 PM ET

    GENEVA _ Weatherford International Ltd. on Wednesday reported net income of $77 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. Analysts expected $3.98 billion, according to Zacks.

  • LAGOS DE MORENO, Mexico, Oct 22- Nestle has no plans to close any of its eight factories or curb output in cocoa and coffee-rich West and Central Africa because of Ebola, but is ready to adapt if it spreads, the Chief Executive of the world's largest food company said on Wednesday. Nestle's factories in the region including both Ghana and Ivory Coast produce...

  • "Building 1" is already under construction in Basel and at a height of 178 metres will become the country's tallest building when it opens at the end of 2015.. The drugmaker traces its roots in Basel to 1896 when Fritz Hoffman-La Roche set up the business, and it is now one of the world's most successful pharmaceutical companies, whose leading position in cancer...

  • BUSINESS-NEWS-SCHEDULE AT 1230 GMT / 8.30 AM ET Wednesday, 22 Oct 2014 | 9:05 AM ET

    LONDON- European shares slip and the euro hit a one-week low as reports that at least 11 banks could fail a region-wide financial health check this weekend offset hopes of corporate bond buying by the ECB. MADRID/ VIENNA- The European Central Bank cautions against speculation over the outcome of its stress tests after a media report says at least 11 banks have...

  • *Q3 orders up 24 pct to $11.2 bln vs forecast $10.1 bln. The company, which makes products such as industrial robots and power grid transformers, said on Wednesday slowing growth in Europe, the Ebola health crisis in west Africa and political tensions across the globe all risked derailing more positive trends in the U.S. and Chinese economies.

  • *Orders rise 24 pct to $11.2 bln vs $10.1 bln poll f'cast. ZURICH, Oct 22- Swiss engineering group ABB posted a bigger-than-expected rise in third-quarter orders, helped by demand from the oil and gas industries, but said the outlook for the global economy was increasingly uncertain. The Zurich- based firm showed encouraging signs of increased order momentum at...

  • Ace beats Street 3Q forecasts Tuesday, 21 Oct 2014 | 4:21 PM ET

    ZURICH CH-8001, Switzerland _ Ace Ltd. on Tuesday reported earnings of $785 million in its third quarter. The Zurich ch-8001, Switzerland- based company said it had profit of $2.32 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.39 per share.

  • Oct 21- IBM's woes are interesting not simply because they tell us about the economy, but because they reveal broader truths about how, and for whom, companies are run. IBM kicked its 2015 operating earnings goal off the back of the truck on Monday, blaming an outright fall in third-quarter revenues on a sudden downturn in client spending. "We saw a marked slowdown in...

  • * "Russia has lost a true friend," Putin. Known as "The Big Moustache" for his bushy, grey moustache, de Margerie, 63, was the most charismatic and outspoken oil executive of his generation who cultivated relationships with leaders across Africa, the Middle East and Europe. An opponent of Western economic sanctions against Russia, the Frenchman was close to President...

  • GENEVA, Oct 21- India made no sign of dropping its veto on a global trade deal on Tuesday, forcing World Trade Organization chief Roberto Azevedo to announce a week of talks to try to chart the future direction of the Geneva- based body. Some diplomats had said a WTO meeting on Tuesday was the last chance for India to let a global trade deal go through or other countries...

  • DIARY- Top Economic Events to Oct 31 Friday, 17 Oct 2014 | 8:01 PM ET

    BOSTON- Federal Reserve Bank of Boston President Eric Rosengren speaks before the "Inequality of Economic Opportunity in the United States" conference in Boston- 1230 GMT. LONDON- Bank of England Deputy Governor Jon Cunliffe and ECB Vice President Vitor Constancio discuss bank regulation- 1045 GMT. WASHINGTON- Federal Reserve Board Governor Jerome Powell...

  • *Weidmann says Germany does not need stimulus. RIGA/ VIENNA, Oct 17- European Central Bank policymakers clashed on Friday over what policy medicine to administer to the sickly euro zone economy, laying bare deep-seated tensions within the Governing Council. Bundesbank President Jens Weidmann said he saw no need for fiscal stimulus in Germany, rejecting a...

  • BUSINESS-NEWS-SCHEDULE AT 0830 GMT / 4.30 AM ET Friday, 17 Oct 2014 | 5:02 AM ET

    LONDON- World stocks hit a nine-month low but oil and southern European bonds are off their week's lows, as investors begin to dust themselves off after one of the most volatile spells in world markets in years. LONDON- The Bank of England may need to keep interest rates lower for longer than previously thought to reduce the chance of Britain's economy slipping...

  • UNITED NATIONS/ WASHINGTON, Oct 16- A United Nations trust fund seeking nearly $1 billion for rapid, flexible funding of the most urgent needs to fight Ebola in West Africa has received a deposit of just $100,000 nearly a month after it was set up. Since then $365 million has been committed to stop Ebola in Liberia, Sierra Leone and Guinea, which have been hit hardest...

  • Oct 16- The benefits of Novartis AG's anti-inflammation drug outweighed the risks in using it to treat a type of psoriasis, staff reviewers at the U.S. Food and Drug Administration said. There were no major safety issues associated with secukinumab, according to the review posted on the FDA website on Thursday- four days before a panel of outside advisers is...

  • UPDATE 2-New breast cancer drugs boost sales at Roche Thursday, 16 Oct 2014 | 5:20 AM ET

    *Q3 sales 11.78 bln Sfr vs 11.57 bln Sfr poll forecast. ZURICH, Oct 16- Swiss drugs firm Roche reported better than expected third-quarter sales on Thursday, boosted by a strong performance from its new breast cancer drugs. The Basel- based firm has launched a string of new expensive cancer drugs over the past two years, hoping that these improved versions of its...

  • VEVEY, Switzerland, Oct 16- Sales growth at Nestle, the world's biggest food group, slowed in the first nine months of the year as the company felt the impact of weakness in Asia and pricing pressures in Europe. Sales at the maker of KitKat chocolate bars and Nescafe coffee fell 3.1 percent to 66.2 billion Swiss francs in the nine months to September, as the strong...