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  • GENEVA— Global trade is not the main cause for the loss of manufacturing jobs in places like the United States and needs to be defended from its critics, the chief of the World Trade Organization said Wednesday. Director-General Roberto Azevedo rebuffed arguments made by some politicians around the world, such as U.S. presidential candidate Donald Trump, that...

  • GENEVA _ STMicroelectronics NV on Wednesday reported second-quarter profit of $23 million. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share. STMicroelectronics shares have declined nearly 2 percent since the beginning of the year.

  • ZURICH, July 27- Swiss private bank EFG International is on track to complete a planned takeover of embattled wealth manager BSI in the fourth quarter, it said on Wednesday after posting a 53.5 percent drop in first-half net profit. Zurich- based EFG agreed in February to buy Grupo BTG Pactual SA's Swiss private banking unit BSI as it aims to become one of...

  • VIENTIANE/ GENEVA, July 26- The United States said on Tuesday it hoped to announce in early August details of planned military cooperation and intelligence sharing with Russia on Syria, and a United Nations envoy said he would also aim to resume peace talks next month. Secretary of State John Kerry said Washington and Moscow, which support opposing sides in...

  • ZURICH _ Chubb Corp. on Tuesday reported second-quarter earnings of $726 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share. Three analysts surveyed by Zacks expected $7.72 billion.

  • VIENTIANE/ GENEVA, July 26- The United States said on Tuesday it hoped to announce in early August details of planned military cooperation and intelligence sharing with Russia on Syria, and a U.N. envoy said he would also aim to resume peace talks next month. Secretary of State John Kerry said Washington and Moscow, who support opposing sides in Syria's...

  • *LME lead risks long liquidation if breaks $1,800- Triland. Our economists think markets have become too complacent about the outlook for U.S. monetary policy, "said analyst Carsten Menke at Julius Baer in Zurich. Zinc, the best performing metal on the LME this year, ended down 0.9 percent at $2,229 a tonne, paring losses after touching $2,212, the lowest since July 18.

  • Secretary of State John Kerry said on Tuesday he hoped to announce in early August details of a U.S. plan for closer military cooperation and intelligence sharing with Russia on Syria. Special Envoy Staffan de Mistura said he aimed to convene a new round of Syria peace talks toward the end of August, quietly scrapping a previous Aug. 1 deadline while keeping some...

  • *Swiss intend to hand over HSBC Swiss account info to IRS. *IRS, DOJ probe tax evasion by wealthy US citizens. The move comes after the IRS asked Swiss tax authorities in April for assistance on HSBC Private Bank SA accounts held by Swiss-registered "domiciliary companies" with U.S. beneficial owners between 2002 and 2014..

  • *LME lead risks long liquidation if breaks $1,800- Triland. LONDON, July 26- Copper, zinc and nickel touched one-week lows on Tuesday on market uncertainty ahead of the U.S. central bank meeting and as investors sold to book profits from a recent rally. Our economists think markets have become too complacent about the outlook for U.S. monetary policy, "said analyst...

  • *LME lead risks long liquidation if breaks $1,800- Triland. Our economists think markets have become too complacent about the outlook for U.S. monetary policy, "said analyst Carsten Menke at Julius Baer in Zurich. Shanghai Futures Exchange copper fell 1 percent to 37,810 yuan a tonne.

  • Insurers are making contingency plans after Britain's vote last month to leave the EU left them facing the risk they could lose "passporting" rights that enable them to sell their products throughout Europe. "We're looking at getting the licences for our EU reinsurance company in Dublin and have an EU insurance company, which will give us some protection for...

  • Insurers are making contingency plans after Britain's vote last month to leave the EU left them facing the risk they could lose "passporting" rights that enable them to sell their products throughout Europe. "We're looking at getting the licenses for our EU reinsurance company in Dublin and have an EU insurance company, which will give us some protection for...

  • A Federal Office of Justice spokesman said Friday that van Gogh's "La Maison de Vincent a Arles" and "Saint- Georges Majeur" and Monet's "Nympheas avec Reflets de Hautes Herbes" were confiscated on Thursday. Justice officials declined to estimate the value of the works, but Christie's Web site says "La Maison de Vincent a Arles" sold for nearly $5.5 million at a New York...

  • *Malaysia Attorney General says no evidence of misappropriation. *Singapore seizes $240 million in 1 MDB-related funds. KUALA LUMPUR/ WASHINGTON, July 21- Malaysian Prime Minister Najib Razak said on Thursday judgment should be withheld until all the facts are known after the U.S. government filed lawsuits seeking to seize $1 billion in assets bought with...

  • DHAKA/ NEW YORK, July 21- Jupiter. That single word, by a stroke of luck, helped stop the Federal Reserve Bank of New York from paying nearly $1 billion to the cyber-criminals behind a notorious bank heist earlier this year, according to sources familiar with the incident. They were incorrectly formatted at first; they were mainly to individuals; and they were very...

  • ZURICH _ ABB Ltd. on Thursday reported second-quarter earnings of $406 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Three analysts surveyed by Zacks expected $8.74 billion.

  • LONDON, July 21- European stock markets fell on Thursday, weighed down by a drop in the shares of major airlines after Lufthansa issued a profit warning. The pan-European STOXX 600 index and the similar FTSEurofirst 300 were both down by 0.5 percent, with many investors focusing on the European Central Bank's meeting later in the day. We don't own any airline...

  • A 'To Let' letting sign is seen displayed outside a rental property in an area that is popular for buy-to-let properties

    Brexit exposed cracks in U.K. property investments, but there's still opportunity in the market, Pictet Alternative Advisors’ CEO Nicolas Campiche said.

  • AMSTERDAM, July 20- A Dutch court has ordered the confiscation of 123 million euros in assets from a Dutch-based company that prosecutors alleged was used by two telecoms companies to bribe Gulnara Karimova, the elder daughter of Uzbekistan's president, to secure local operating licenses. The Amsterdam court said in a ruling it had found that the company,...