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Switzerland

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  • *Zurich spokesman says RSA would complement business. *RSA says has received no proposal from Zurich. *Zurich shares down 1.8 pct, RSA up 18 pct.

  • BERLIN— The World Trade Organization says Taiwan and Thailand have joined an agreement reached last week to abolish duties on more than 200 technology products. The Geneva- based trade body said the two Asian nations on Tuesday confirmed their acceptance of the WTO's first tariff-eliminating deal in 18 years. Taiwan, a major electronics producer, and Thailand...

  • *Details widening U.S. probe into Puerto Rico unit. ZURICH, July 28- U.S. authorities have widened a probe into bond funds sold by UBS's Puerto Rico arm, the Swiss bank announced on Tuesday, alongside figures showing it has used up some of the money it set aside to cover legal costs and regulatory fines. They stood at 2.37 billion Swiss francs at the end of June, down from...

  • Following recent speculation, Switzerland- based Zurich, a 45 billion Swiss franc firm offering a range of life and general insurance products, said it was looking at a bid. "Zurich notes the recent market speculation in relation to RSA Insurance Group PLC and confirms that the company is evaluating a potential offer," it said on Tuesday. Barclays analysts said...

  • ZURICH, July 28- UBS said its provisions to deal with future legal tussles and regulatory run-ins stood at 2.368 billion Swiss francs in June and revealed a widening U.S. probe into bond funds sold by the Swiss bank's Puerto Rico arm. The bank said it is responding to inquiries from the Securities and Exchange Commission and the Financial Industry Regulatory...

  • BERLIN— Kazakhstan is set to become the 162nd member of the World Trade Organization after the Geneva- based body formally approved the country's membership Monday. The largest former Soviet republic in Central Asia is rich in natural resources and a key transit country for goods between Asia and Europe. Kazakhstan, which has suffered from the economic...

  • ZURICH, July 27- Swiss bank UBS failed to impress investors with a jump in second-quarter profit and a boost to its capital as strong earnings from rival Credit Suisse last week had raised hopes for even better results. Net profit rose 53 percent on the year to 1.2 billion Swiss francs thanks to a solid performance across the board at Switzerland's biggest bank,...

  • UBS posts 2Q profit Monday, 27 Jul 2015 | 5:03 AM ET

    ZURICH _ UBS AG on Monday reported second-quarter profit of $1.4 billion. The bank, based in Zurich, said it had earnings of 34 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *Second quarter net profit 1.2 bln Swiss francs. ZURICH, July 27- UBS posted a bigger-than-expected jump in second-quarter profit on Monday and chief Sergio Ermotti said the Swiss bank had "good momentum" going into the second half of 2015.. Zurich- based UBS published earnings for the three months to June 30 a day earlier than scheduled to counter "incorrect and...

  • 'Landmark' trade deal on slashing tech tariffs agreed Friday, 24 Jul 2015 | 11:29 AM ET

    The Geneva- based World Trade Organization said 49 of its members— including the United States, China and the European Union— reached a tentative accord to expand the 1996 Information Technology Agreement following three years of talks. Taiwan, a big producer of electronics, has faced considerable domestic pressure not to join. Along with four other countries—...

  • GENEVA/ WASHINGTON, July 24- World Trade Organization members met in Geneva on Friday trying to finalise a deal to cut tariffs on $1 trillion of information technology products from video games to medical equipment. The United States said a deal had been struck, but WTO Director General Roberto Azevedo postponed a press conference at which he and the talks'...

  • *EU regulators back GSK's Mosquirix for babies in Africa. LONDON, July 24- The world's first malaria vaccine got a green light on Friday from European drugs regulators who recommended it as safe and effective to use in babies in Africa at risk of the mosquito-borne disease. Mosquirix, also known as RTS, S and part-funded by the Bill& Melinda Gates Foundation, will now...

  • WTO members seal trillion-dollar IT trade deal Friday, 24 Jul 2015 | 12:00 AM ET

    Technology manufacturers like General Electric Co, Intel Corporation, Texas Instruments Inc, Microsoft Corp and Nintendo Co are among companies expected to benefit from the deal. "That definitely impacts Intel and that's important but also as important are the other technologies that it covers that were not even dreamt of when the original ITA was...

  • *Credit Suisse gains 5 pct. LONDON, July 23- European shares edged higher on Thursday as Credit Suisse, Unilever and others reported better-than-expected results, as the quarterly earnings season accelerated in Europe. Credit Suisse Group AG was the top gainer, up 5 percent, after it posted better-than expected earnings and improved its capital cushion ahead of...

  • Credit Suisse posts strong Q2 profit Thursday, 23 Jul 2015 | 3:16 AM ET

    BERLIN— Swiss bank Credit Suisse Group AG says second quarter net income was a strong 1.051 billion Swiss francs after a large loss in the same quarter last year when it was fined in a U.S. tax case. The bank said Thursday the April-June results came amid a number of political and economic developments, with the global economy and oil prices showing signs of...

  • GENEVA, July 22- The Swiss Attorney General's office said on Wednesday it has widened a corruption investigation into Brazilian oil firm Petrobras to include Latin America's largest engineering and construction company, Odebrecht SA, and its subsidiaries. Marcelo Odebrecht, chief executive of Brazil- based Odebrecht SA, was arrested in Sao Paulo last month...

  • Washington Post seeks UN agency help in freeing reporter Wednesday, 22 Jul 2015 | 9:45 AM ET

    WASHINGTON— The Washington Post has filed an urgent petition with the United Nations in the hopes that the institution will pressure Iran to release journalist Jason Rezaian, the newspaper's top editor and lawyers told U.S. reporters on Wednesday. The Post's lawyers and his family have denied the allegations and say Iran has no credible evidence to keep...

  • Ace beats Street 2Q forecasts Tuesday, 21 Jul 2015 | 4:39 PM ET

    ZURICH _ Ace Ltd. on Tuesday reported second-quarter net income of $942 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.31 per share. Three analysts surveyed by Zacks expected $4.55 billion.

  • This tarnished the asset-backed market that is roughly still only half its pre-crisis size in Europe, though it has rebounded in the United States. The European Union is working on reforms of asset-backed securities to try to revive the market so it can contribute to funding for businesses that in Europe largely rely on banks for money. Basel's questionnaire...

  • LONDON, July 17- Amid all the uncertainty swirling around financial markets, one clear picture is emerging for investors: U.S. and UK interest rates will soon rise, while most of the rest of the world is easing monetary policy. Federal Reserve chair Janet Yellen and Bank of England governor Mark Carney this week gave their strongest indications to date that they...