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  • *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...

  • 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...

  • 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.

  • LONDON, April 14- Nestle is in advanced talks to sell its frozen food unit Davigel to Brakes Group, owned by buyout fund Bain Capital, a person familiar with the situation said on Tuesday. Credit Suisse is handling the sale for Nestle, which is expected to raise between 200 million and 300 million euros, said a second source. Nestle declined to comment, while Brakes...

  • LONDON, April 14- Nestle is in advanced talks to sell its frozen food unit Davigel to Brakes Group, owned by buyout fund Bain Capital, a person familiar with the situation said on Tuesday. The talks, reported earlier by French daily Les Echos, are ongoing and a deal is expected to be signed soon, said the person, who asked not to be named because the discussions are...

  • How Swiss watchmakers view the Apple Watch   Friday, 10 Apr 2015 | 12:32 AM ET
    How Swiss watchmakers view the Apple Watch

    Jon Cox, head of European Consumer Equities at Kepler Cheuvreux, outlines the "schizophrenic attitude" towards the Apple Watch among Switzerland's famous watchmakers.

  • ZURICH/ LONDON, April 8- Switzerland auctioned 10- year government bonds with a negative yield on Wednesday, in what some banks said was the first time a government has effectively made investors pay for the privilege of lending to it for such a long period. The Swiss Federal Treasury said it sold 232.501 million Swiss francs of bonds maturing in July 2025 at a...

  • ADEN, April 6- Southern Yemeni militias backed by warplanes from a Saudi-led coalition attacked Houthi fighters across several provinces in south Yemen on Monday, driving the Shi'ite rebel forces from some of their positions, witnesses and militia sources said. The fighting has killed hundreds of people, cut off water and electricity supplies and led the...