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  • ZURICH, April 24- Credit Suisse's outgoing chief executive said an ambitious expansion drive following the global financial crisis ranked among his mistakes as CEO, as he addressed shareholders for the last time on Friday. Expectations are high that the man who will replace Dougan in June, Tidjane Thiam, will scale back the investment bank and build up Credit...

  • *EU summit agreed to triple search and rescue mission off Libya. *Land routes into Europe also deadly; train kills 14 migrants. BRUSSELS/ SKOPJE, April 24- British and German warships made ready to sail for waters off Libya as Europe ramped up rescue operations in the Mediterranean after up to 900 desperate migrants drowned last weekend on a boat heading for Italy.

  • ZURICH, April 24- Credit Suisse's departing chief executive said an ambitious expansion drive following the global financial crisis ranked among his mistakes as CEO, addressing shareholders for the last time as head of the Swiss bank. "I have certainly made my share of mistakes, as well," Brady Dougan told the Zurich- based bank's annual general meeting on Friday.

  • ZURICH, April 24- Credit Suisse's departing chief executive said an ambitious expansion drive following the global financial crisis ranked among his mistakes as CEO, as he addressed shareholders for the last time as head of the Swiss bank. "I have certainly made my share of mistakes, as well," Brady Dougan will tell the Zurich- based bank's annual general meeting on...

  • Honda shows new business jet in Japan Thursday, 23 Apr 2015 | 4:55 AM ET

    TOKYO— Honda, known for making motorcycles and cars, is showing its new sleek business jet in Japan for the first time, billing it as quiet, quick and green. The jet, on show at Tokyo's Haneda airport on Thursday, is the culmination of founder Soichiro Honda's longtime dream to have a plane in Honda Motor Co.' s lineup. Honda Aircraft Chief Michimasa Fujino told...

  • Weatherford reports 1Q loss Wednesday, 22 Apr 2015 | 7:04 PM ET

    GENEVA _ Weatherford International Ltd. on Wednesday reported a loss of $118 million in its first quarter. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. Ten analysts surveyed by Zacks expected $3.07 billion.

  • LONDON, April 22- Swiss drugmaker Roche has "renewed confidence" that drugs targeting potentially brain-destroying plaque can fight Alzheimer's disease, following promising results with a product from a rival. Pharmaceuticals head Daniel O'Day said on Wednesday Roche would look again at prospects for two of its experimental Alzheimer's drugs, both of...

  • SHANGHAI, April 22- Issuance of Chinese asset-backed securities could triple to more than $160 billion this year, reactivating huge assets now mouldering on bank books, as Beijing streamlines procedures for firms to securitise receivables. China's tiny securitisation market has not tracked the expansion of China's $10- plus trillion economy, and banks...

  • Ace beats Street 1Q forecasts Tuesday, 21 Apr 2015 | 5:42 PM ET

    ZURICH _ Ace Ltd. on Tuesday reported first-quarter net income of $681 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share. Three analysts surveyed by Zacks expected $4.43 billion.

  • ZURICH, April 21- U.S. shareholder adviser ISS has recommended Holcim investors back the Swiss cement maker's proposed merger with France's Lafarge ahead of next month's shareholder vote on the $40 billion tie-up. Backing from ISS is a boost to Zurich- based Holcim as it seeks to win the support of two-thirds of investors at a shareholder meeting on May 8 in order...

  • *Discretion can impair comparability- Basel Committee. LONDON, April 21- Global regulators have jettisoned a string of national "waivers" from bank capital rules to help restore credibility in benchmark ratios published by lenders. "National discretion allows countries to adapt the Basel standards to reflect differences in local financial systems," the...

  • ZURICH, April 21- Credit Suisse's first-quarter net profit rose 23 percent, exceeding analysts' expectations, after market volatility boosted securities trading and on gains at its private bank for wealthy clients. Zurich- based Credit Suisse, the first European investment bank to report quarterly earnings, said net profit stood at 1.054 billion Swiss francs...

  • ZURICH, April 21- Credit Suisse said first-quarter net profit rose 23 percent after market volatility boosted securities trading and on gains at its private bank for wealthy clients. Zurich- based Credit Suisse, the first European investment bank to report quarterly earnings, said net profit stood at 1.054 billion Swiss francs from 859 million francs last...

  • BEIJING, April 17- Chinese automaker Geely is set to start producing a small crossover utility vehicle late next year- the first car to be built using a common platform jointly developed with Volvo. Geely's cooperation with Volvo, a storied brand best known for its focus on safety, is seen as a possible model for Chinese companies trying to digest and manage...

  • LONDON, April 16- Gold slid below $1,200 an ounce on Thursday as the dollar pared losses after upbeat U.S. factory data and demand for physical metal stayed weak, though uncertainty over the timing of a Federal Reserve rate increase underpinned prices. Spot gold was down 0.5 percent at $1,194.95 an ounce by 1434 GMT, off an early high of $1,209.10, while U.S. gold for...

  • BERLIN, April 16- Leading economic institutes from Germany, Austria and Switzerland warned on Thursday there was a risk stock market bubbles could form as a result of the European Central Bank's money-printing stimulus. Under a quantitative easing programme which started in early March, the ECB aims to buy 60 billion euros of bonds a month until September 2016,...

  • ZURICH, April 16- Swiss cement maker Holcim said on Thursday it expects the first tranche of new shares in its tie-up with France's Lafarge to be listed on exchanges in Zurich and Paris in mid July. In an invitation to shareholders, Holcim proposed increasing share capital through issuing up to 264.237 million fully paid-in registered shares with a par value of 2...

  • LONDON, April 15- At least five merchant vessels carrying food are stuck off Yemen, shipping data showed on Wednesday, as warships from a Saudi-led coalition search them for weapons bound for Iran- allied Houthi rebel forces, with delays adding to a humanitarian crisis. Yemen imports more than 90 percent of its food, including most of its wheat and all its rice, to...

  • LONDON, April 15- At least five merchant vessels carrying food are stuck off Yemen as warships from a Saudi-led coalition search them for weapons bound for Iran- allied Houthi rebel forces, with delays adding to a humanitarian crisis. Yemen imports more than 90 percent of its food, including most of its wheat and all its rice, to feed a population of 25 million.

  • Nestle in talks to sell frozen-food unit to Brakes Group Wednesday, 15 Apr 2015 | 2:17 AM ET

    BERLIN— Nestle SA says it is in exclusive negotiations to sell its Davigel frozen-food division to the Brakes Group, a European catering supplier. The Vevey, Switzerland- based food company said Wednesday it is not disclosing financial details of the prospective deal, which is subject to consultations with employee councils and approval by competition...