GO
Loading...

Switzerland

More

  • *India wrecked trade deal, linking it to food aid. NEW DELHI/ GENEVA, Nov 5- India defied the world on Wednesday in a row over food stockpiling that has crippled attempts to reach an global trade agreement, raising doubts that backroom talks can reach a compromise before a Group of 20 summit this month. India wants to keep a so-called' peace clause' that protects its huge...

  • LONDON, Nov 4- A deal to rescue the UK's Milford Haven oil refinery has collapsed, operator Murphy Oil said late on Tuesday, forcing it to permanently shutter the plant as the latest victim of a deep slump in the European refining industry. Klesch Refining Limited, run by billionaire investor Gary Klesch, had agreed to buy the idled plant in July, but the deal was...

  • UPDATE 2-Holcim profit hit by weak Europe and forex Monday, 3 Nov 2014 | 2:49 AM ET

    ZURICH, Nov 3- Swiss building materials group Holcim posted a drop in quarterly sales and profits on Monday as a recovery in India following May's elections failed to offset foreign exchange headwinds and weakness in Europe and Latin America. The group, which is in the process of merging with France's Lafarge, reported higher sales in markets such as the United...

  • *Barclays shares jump 8 pct; RBS, HSBC, Lloyds also up. LONDON, Oct 31- The Bank of England told British banks on Friday they will need to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected. Shares in Barclays-- the bank that analysts said was most at risk from tough new rules-- jumped 8 percent on the news,...

  • LONDON, Oct 31- The Bank of England told British banks on Friday they will be required to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected. Shares in Barclays-- one of the banks which analysts had feared might be hit hardest by the new rules-- rose a hefty 7 percent on the news, and shares in Lloyds...

  • Crackdown on 'black money' takes off in India Friday, 31 Oct 2014 | 11:19 AM ET
    Protestors shout during a demonstration outside the Indian Finance Minister’s residence, demanding the disclosure of the names of black-money holders, Oct. 26, 2014, in New Delhi.

    Black money, the moniker for income that is shipped overseas in order to evade taxes, is something India is moving to make a thing of the past.

  • $1.5M sent in error to manager (both are missing) Thursday, 30 Oct 2014 | 10:36 AM ET

    Credit Suisse wants a hedge fund to return $1.5 million, but the fund's manager is missing, the New York Times reports.

  • *Cipla says launched cheaper copy of Novartis drug in Delhi. *Cipla says Novartis not making enough drug for India. Cipla, India's fourth-largest drugmaker by revenue, said because there was an urgent but unmet need for the respiratory treatment in India it has started to sell a copy of the drug in Delhi priced at a fifth of the cost of Novartis's product.

  • Oct 28- Alevo Group, which has kept its energy storage technology secret for a decade, unveiled it on Tuesday, and said it has struck deals aimed at deploying its batteries in power grids in China and Turkey. The Martigny, Switzerland- based company has yet to sign up any U.S. customers but said on Tuesday that it has reached a deal with China-ZK International Energy...

  • *Q3 net profit at 762 mln Sfr vs 737 mln Sfr in poll. ZURICH, Oct 28- UBS put aside 1.8 billion Swiss francs in the third quarter for potential legal costs and said it was talking to the U.S. Department of Justice about resolving an investigation into currency market rigging. The increase in legal reserves shows Switzerland's largest bank is struggling to move on from...

  • UBS warns on $1.9B litigation charges Tuesday, 28 Oct 2014 | 3:21 AM ET
    A delivery man passes in front of a UBS logo in New York.

    UBS posted forecast-beating net profits of $802 million but warned on litigation charges of $1.9 billion.

  • *Q3 net profit at 762 mln Sfr vs 737 mln Sfr in poll. ZURICH, Oct 28- UBS booked 1.8 billion Swiss francs in legal provisions for the third quarter, bulking up reserves as it discusses a settlement with U.S. prosecutors to a criminal investigation over alleged rigging of foreign exchange rates. Zurich- based UBS did not link the legal reserves to the forex probe, but said...

  • LONDON, Oct 27- Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 companies would have failed if new capital rules were fully applied. Europe had gained credibility, said Karen Petrou, co-founder of Federal Financial Analytics in Washington. Federal Reserve was still...

  • LONDON, Oct 27- Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 firms would have failed if new capital rules were fully applied. The euro zone is lagging behind countries outside the bloc in implementing the Basel III capital rules that are due to come into full force in 2019,...

  • LONDON, Oct 27- Drugmakers sprinting to develop Ebola vaccines face a series of technical hurdles if they are to get millions of doses ready for use next year-- even assuming clinical trials are successful. The challenges include finding sufficient sterile capacity for filling and packaging finished vials, getting fast quality approvals from regulators, and...

  • Rapid UK economic growth slows slightly in 3rd quarter. LONDON- Britain's rapid economic recovery eased as expected during the third quarter, as services output growth slowed and manufacturing expanded at the weakest pace in 18 months, official data shows. BRUSSELS- France and Italy make fresh commitments to reform to persuade Germany and the European...

  • FORT LAUDERDALE, Fla., Oct 23- A former senior Swiss bank executive on trial for federal tax evasion was a micro-manager intimately involved in efforts to deceive U.S. authorities, a former employee testified on Thursday. Martin Liechti, the former head of the wealth management division for the Americas at UBS, was testifying in Fort Lauderdale for a second day in...

  • FORT LAUDERDALE, Fla., Oct 23- A key witness in the federal tax evasion trial of a top Swiss bank executive took the stand on Thursday to testify against his former boss, Raoul Weil, who is accused of conspiring to conceal up to $20 billion in U.S. taxpayers' assets in secret offshore accounts. The former head of the wealth management division for the Americas at UBS,...

  • *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 against possible losses or claims arising from the widespread emergency use of new Ebola vaccines in Africa. While the issue will not delay the industry's ongoing work to accelerate...

  • 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...