Switzerland
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UBS paid CEO Sergio Ermotti almost $9 million and welcomed its new investment bank chief with a $26 million "golden hello" in 2012.
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NEW YORK, March 28- Metals trader and miner Psons, owned by Indian entrepreneur Pradeep Agarwal, has opened a subsidiary in Switzerland, to grow its iron ore business and look for new mining investment opportunities, a company executive said on Thursday.
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*U.S. Weekly jobless claims rise. LONDON, March 28- Oil futures fell close to $109 a barrel on Thursday on the back of economic worries in the euro zone but were underpinned by a seeming recovery in demand growth in the United States, the world's biggest oil consumer.
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GENEVA, March 28- Commodity trading houses are expanding aggressively in Africa as they look to add volume and take on assets that promise to benefit from a continent achieving some of the highest economic growth in the world.
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*Coming Up: U.S. Weekly jobless claims; 1230 GMT. LONDON, March 28- Oil rose on Thursday underpinned by expectations of a revival in demand growth in the United States, the world's biggest oil consumer, while Europe's debt worries capped gains. There is a lot of uncertainty over Europe and Cyprus but people will not readjust their books ahead of the break. "
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*Belgium, like Dutch and French, falling behind Germany. CHARLEROI, Belgium, March 28- Just a day after giving birth, Belgian entrepreneur Esmeralda Desart was back at work running her export business, putting in the kind of 16- hour day that has become the norm since she started up a company selling printer parts in 2007..
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ZURICH, March 28- Syngenta and Bayer, top producers of the pesticides blamed for a sharp fall in bee populations around the world, have proposed a plan to support bee health in a bid to forestall a European ban of their products.
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*Cyprus banks reopen with tight controls. NEW YORK, March 28- Brent crude futures fell on Thursday while U.S. crude fluctuated near unchanged as concerns about the euro zone and mixed economic data from the United States hemmed in oil prices on the last trading day of first-quarter 2013..
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*Thailand may have to sell 500,000 T rice on world markets at a loss. SUPHAN BURI, Thailand, March 28- Thailand is set to sell half-a-million tonnes of rice on world markets at a loss, as it scrambles to offload a record stockpile deteriorating in quality in warehouses filled with grain bought under a government scheme.
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LONDON, March 27- One of the largest ever cyber attacks is slowing global internet services and the disruption could get worse, experts said on Wednesday, after an organisation blocking "spam" content became a target.
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LONDON, March 27- One of the largest ever cyber attacks is slowing global internet services and the disruption could get worse, experts said on Wednesday, after an organisation blocking "spam" content became a target.
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PARIS, March 27- European power prices were mixed on Wednesday, with German spot prices rising on forecasts for lower wind power production, while French prompt fell on expectations for warmer weather. 5.5 euros up on the day at 48.75 euros a megawatt hour. The equivalent baseload French contract was down 2 euros at 73 euros per MWh.
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*Liechtenstein taken off tax haven blacklist in 2009. ZURICH/ WASHINGTON, March 27- U.S. prosecutors have asked Liechtenstein to hand over data on foundations and other financial vehicles as part of their investigation into tax evasion by wealthy Americans.
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*Proposes $300 mln in new equity, $600 mln bond offering. *Extraordinary general meeting scheduled for April 22. ZURICH, March 27- Swiss chocolate maker Barry Callebaut plans to issue $300 million in new equity as well as a $600 million bond to refinance a bridge loan used to fund its planned purchase of the Singaporean group Petra Foods's.
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ZURICH, March 27- Swiss stock exchange operator SIX Group would consider bidding for its larger European competitor Euronext if the exchange were to come up for sale, SIX's chief executive said on Wednesday. which said last December it planned to float Euronext after it completes its $8.2 billion acquisition of NYSE Euronext.
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*26 EU countries approve bonus caps, but not Britain. BRUSSELS, March 27- Britain suffered a long-expected political defeat on Wednesday when it failed to stop European Union countries waving through a cap on bankers' bonuses, an EU law that will hit London hardest.
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*Could cut off capital source for struggling institutions. *Basel rules aim to shut down crisis-era abuse. LONDON, March 27- The Basel Committee' is proposing changes to its capital framework, aiming to ban abusive crisis-era risk transfer deals, but it could come at the risk of closing off a capital raising tool for peripheral banks.
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Switzerland, home to commodities giants such as Glencore and Cargill, commissioned the report last year after left-wing politicians said that the traditionally secretive sector exposed the country to risks to its reputation.
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Switzerland, home to commodities giants such as Glencore. "There is no evidence, at present, of a general trend amongst companies to move away from Switzerland, but much will depend on whether Switzerland succeeds, also in the future, in providing a competitive legal and economic setting for conducting business," the report said.
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ZURICH, March 27- Credit Suisse is buying Morgan Stanley's wealth management arm in Europe, the Middle East and Africa, acquiring $13 billion in assets in a move to offset exposure to more volatile investment banking.
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*Agrees to export Dar Blend oil from Port Sudan. The Switzerland- based firm, which corporate filings show gets nearly 30 percent of its oil turnover from Africa, is the world's third biggest trader in raw materials.