GO
Loading...

Switzerland

More

  • *HSBC refused plea bargain and 1.4 bln euro fine- Le Monde. PARIS, March 13- The French financial prosecutor's office has requested that HSBC's Swiss private bank be put on trial in France to answer charges over a suspected tax-dodging scheme for wealthy customers, a judicial source said on Friday. The probe was sparked by whistleblower Herve Falciani, a former IT...

  • ZURICH, March 13- Swiss bank UBS revised down net profit for 2014 after agreeing a settlement in a U.S. antitrust lawsuit, in which investors accused banks of collusion in the $5.3 trillion- a-day foreign exchange market. "The principal change arose due to an increase in charges for provisions for litigation, regulatory and similar matters of 134 million francs,"...

  • Watch out Apple! Swatch joins smartwatch war   Friday, 13 Mar 2015 | 1:37 AM ET
    Watch out Apple! Swatch joins smartwatch war

    Jon Cox, head of European Consumer Equities at Kepler Cheuvreux, discusses whether the tech-enhanced timepiece unveiled by Swatch on Thursday could threaten Apple's smartwatch line.

  • ZURICH/ BERLIN, March 12- Volkswagen is in talks to sell a 50 percent stake in financing arm LeasePlan to a consortium including the Abu Dhabi Investment Authority, a source familiar with the plan said, as the carmaker cuts costs and refocuses its business. The Wolfsburg- based carmaker owns VW Leasing GmbH, its own in-house leasing business, and is increasingly...

  • LONDON/ FRANKFURT, March 11- To observers of the secretive Swiss watch industry, its quiet, seemingly passive response to Apple Inc's plan to attack their centuries-old business could be mistaken for submission before an overwhelming adversary. But luxury and fashion groups Richemont, LVMH, Swatch Group and Guess Inc have been busy in the past year tinkering...

  • *Brazil, Russia, Argentina seen producing more grains, oilseeds. SINGAPORE, March 11- The world's top food exporters in Latin America and the Black Sea region are expected to boost grain and oilseed output this year, as weakening local currencies against the dollar give them an advantage over supplies from key producer the United States. "You think about where the...

  • ZURICH, March 10- Credit Suisse Chairman Urs Rohner on Tuesday said the appointment of Tidjane Thiam as chief executive did not signal a major shift in strategy, as the bank's new hire made his media debut in Switzerland. The market was caught off guard when reports first emerged that Zurich- based Credit Suisse had picked Thiam, boss of insurance group Prudential,...

  • *Credit Suisse names Prudential's Tidjane Thiam as new CEO. *Credit Suisse shares rally 7.5 pct. ZURICH/ LONDON/ HONG KONG, March 10- Credit Suisse has swooped on Prudential boss Tidjane Thiam to lead the Swiss bank in a push to manage more of the wealth of Asia's fast growing multi-millionaires' club.

  • *Credit Suisse names Prudential's Tidjane Thiam as new CEO. *Credit Suisse shares rally 7.5 pct. ZURICH/ LONDON/ HONG KONG, March 10- Credit Suisse has swooped on Prudential boss Tidjane Thiam to replace chief executive Brady Dougan- seen to have failed in reforming the Swiss bank fast enough- in order to push into wealth management of a growing multi-millionaires...

  • *Credit Suisse names Prudential's Tidjane Thiam as new CEO. *Credit Suisse shares open 8.8 pct higher after news. ZURICH/ LONDON/ HONG KONG, March 10- Credit Suisse is bringing in Tidjane Thiam, the head of British insurer Prudential, as its new chief executive to help drive the Swiss bank's push into wealth management in emerging markets.

  • ZURICH/ HONG KONG, March 10- Credit Suisse said it had hired Prudential head Tidjane Thiam as the first African to lead a global investment bank, with the job of reviving a company reeling from U.S. penalties and under increasing regulatory scrutiny. Credit Suisse Chairman Urs Rohner said long-standing boss Brady Dougan was stepping down as chief executive of...

  • ZURICH/ HONG KONG, March 10- Long-standing Credit Suisse boss Brady Dougan is set to quit as chief executive of the Swiss bank as soon as Tuesday and will be replaced by Prudential head Tidjane Thiam, people familiar with the moves told Reuters. Thiam, a former Ivory Coast government minister who has led Prudential since 2007, will become one of the few top...

  • ZURICH/ LONDON, March 9- Brady Dougan is set to quit as chief executive of Credit Suisse, a person familiar with the matter told Reuters. Although the Swiss bank's board backed the American chief executive over the deal, under which Credit Suisse pleaded guilty to criminal charges but held onto its New York licence and its legally protected client data, he came...

  • Europe shares fall as ECB starts buying bonds Monday, 9 Mar 2015 | 5:34 AM ET

    *EDF dips again on worries over potential tie-up with Areva. PARIS, March 9- European shares fell on Monday, tracking a sell-off on Wall Street after strong U.S. jobs data fanned expectations that the Federal Reserve may raise interest rates sooner than previously thought. Greek banking shares were among the biggest losers, with Bank of Piraeus down 4.9 percent...

  • What's charging lithium demand?   Monday, 9 Mar 2015 | 5:20 AM ET
    What's charging lithium demand?

    Alejandro Garcia, CEO of IXE Group, talks about the company's interest in lithium production, quinoa, and whether electric cars will become mainstream.

  • DIARY-Top Economic Events to March 20 Friday, 6 Mar 2015 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Cleveland President Loretta Mester speaks before the National Association for Business Economics annual Economic Policy Conference- 1825 GMT. TEXAS- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Reflections on 10 Years at the Fed" before the Founding Director's Lecture Series at Rice University's...

  • ZURICH, March 6- Switzerland's government said it has no plans to tamper with central bank independence, after the Swiss National Bank's shock uncapping of the franc currency in January sparked a political backlash. "The federal council knows its purpose very well and that the SNB is independent," a spokesman for the Swiss government, Andre Simonazzi, told a news...

  • BERLIN, March 6- Volkswagen will probably stop making two-door versions of the Polo hatchback, one of the German brand's top models, as Europe's largest carmaker accelerates cost cutting at its core division, company sources said. The Polo, which VW has been building for four decades, was Europe's fourth best-selling vehicle last year, only trailing the VW Golf,...

  • UNITED NATIONS, March 5- Iran's foreign minister on Thursday suggested that a 10- year moratorium on some aspects of the country's nuclear program might be acceptable to Tehran, though he declined to discuss the issue in detail. President Barack Obama told Reuters on Monday that Iran must commit to a verifiable freeze of at least 10 years on sensitive nuclear...

  • Lotus CEO leans towards SUV launch as sales pick up Thursday, 5 Mar 2015 | 12:36 PM ET

    GENEVA, March 5- As car industry leaders gathered in Geneva this week to fret about how to cram more software and electronics into their vehicles, one man stood out. While defiantly analogue models like its newly upgraded Evora flagship may eventually get more digital controls, Gales said in an interview, the priority is a return to Lotus's lean essentials- which...