Europe Top News and Analysis Switzerland

  • Jan 20- U.S. energy companies this week added the most oil rigs in nearly four years, extending an eight-month recovery as drillers take advantage of a deal by OPEC to cut supplies that has boosted prices over $50 a barrel since early December. Almost two-thirds of the rigs added since May were in the Permian basin, the nation's biggest shale oil formation located...

  • Jan 20- U.S. energy companies this week added the most oil rigs in nearly four years, extending an eight-month recovery as drillers take advantage of a deal by OPEC to cut supplies that has boosted prices over $50 a barrel since early December. The Baker Hughes oil rig count plunged from a record 1,609 in October 2014 to a six-year low of 316 in May as U.S. crude...

  • The former U.S. Secretary of State Henry Kissinger has delivered a pragmatic solution for the U.K.'s decision to leave the EU.

  • Communist China is the world's champion of free trade and globalization. And Europe, spurned by Washington and London, is turning to Beijing to fill the void. Welcome to the World Economic Forum in Davos circa 2017.

  • That's why Sabine Choucair was invited to Davos, quips a quick-witted panel moderator. The Lebanese-born, curly-haired artist in baggy green trousers and with a frequent raspy laugh made her debut this week at the World Economic Forum in Davos, Switzerland, a special invitee more accustomed to entertaining refugees than livening up serious thought-fests.

  • The co-chairs of the World Economic Forum reflected on the progress of the week, at times defending the annual gathering from criticisms of elitism.

  • *Africa low on agenda at Davos 2017 amid focus on Trump, Brexit. DAVOS, Switzerland Jan 20- In this Swiss Alps town where the global elite have gathered to debate the world's problems, there seems to be little room on the radar for Africa, a continent of over a billion people where a commodity-fuelled growth boom has soured with a vengeance. These issues seem a world...

  • *Africa low on agenda at Davos 2017 amid focus on Trump, Brexit. DAVOS, Switzerland Jan 20- In this Swiss Alps town where the global elite have gathered to debate the world's problems, there seems to be little room on the radar for Africa, a continent of over a billion people where a commodity-fuelled growth boom has soured with a vengeance. These issues seem a world...

  • *Africa low on agenda at Davos 2017 amid focus on Trump, Brexit. DAVOS, Switzerland Jan 20- In this Swiss Alps town where the global elite have gathered to debate the world's problems, there seems to be little room on the radar for Africa, a continent of over a billion people where a commodity-fueled growth boom has soured with a vengeance. These issues seem a world away...

  • *Africa low on agenda at Davos 2017 amid focus on Trump, Brexit. DAVOS, Switzerland Jan 20- In this Swiss Alps town where the global elite have gathered to debate the world's problems, there seems to be little room on the radar for Africa, a continent of over a billion people where a commodity-fueled growth boom has soured with a vengeance. These issues seem a world away...

  • President-elect Donald Trump must address the perception that President Barack Obama has withdrawn America from the world stage, said Henry Kissinger.

  • DAVOS, Switzerland, Jan 20- The world should be wary of stumbling into trade wars that would destroy jobs, World Trade Organization Director-General Roberto Azevedo said on Friday. Azevedo was speaking at the World Economic Forum in Switzerland, hours before the presidential inauguration of Donald Trump, who has promised sweeping changes in trade policy with...

  • DAVOS, Switzerland, Jan 20- India's biggest lender by assets, State Bank of India, could tap capital markets next fiscal year to raise up to $1.5 billion, its chief said on Friday, though it first needs to complete a planned merger with its subsidiary banks. In an interview with Reuters on the sidelines of the World Economic Forum in Davos, Arundhati Bhattacharya also...

  • BERLIN, Jan 20- The United States must stick to international agreements under the presidency of Donald Trump, German Finance Minister Wolfgang Schaeuble said on Friday, adding he did not expect a major trade war despite Trump's attack on German car makers. Nearly 61 percent of Germans fear relations between Germany and the United States will suffer under...

  • *Japan economy to achieve sustainable growth- Kuroda. DAVOS, Switzerland, Jan 20- Bank of Japan Governor Haruhiko Kuroda said on Friday the prospects of faster U.S. growth may push up the dollar, and he offered an upbeat view on the world economy, dismissing concerns that protectionism could spread and undermine global trade. He said Japan's economy was likely to...

  • DAVOS, Switzerland, Jan 20- A strengthening dollar and a "race to the bottom" on taxes, deregulation and trade policy are the major risks to an otherwise brightening global economy, financial leaders said on the final day of the World Economic Forum in Davos. Asked about "black swans," or unexpected, disruptive events, that could derail the outlook in 2017,...

  • Banks pulling out of the U.K. would not impact Europe's financial stability, according to a top official at Germany's central bank.

  • DAVOS, Switzerland, Jan 20- The world should be wary of creating a crisis amid talk of trade wars, World Trade Organization chief Roberto Azevedo said after a meeting of trade ministers at the World Economic Forum in Davos on Friday. "I've heard a lot in Davos about trade wars. That would destroy jobs, not create jobs, "he said, after the meeting attended by 29 WTO members.

  • DAVOS, Switzerland, Jan 20- Bank of Japan Governor Haruhiko Kuroda said on Friday U.S. economic growth and inflation may accelerate in coming years, which may push up interest rates and the value of the dollar. "The U.S. economy is likely to accelerate growth this year and next year, and price inflation may somewhat rise. All of may make interest rates rise and the...

  • DAVOS, Switzerland, Jan 20- Nissan will review the case for future investment in Britain when the terms of the country's departure from the European Union finally become clear, the Japanese carmaker's Chief Executive Carlos Ghosn said on Friday. Nissan said in October it was going ahead with plans to build the next X-Trail and Qashqai SUVs at its plant in...