Europe Top News and Analysis Switzerland

More

  • *ChemChina deal will remove suspicion about GM crops in China- COO. SINGAPORE, Feb 12- ChemChina's purchase of Syngenta could remove some of the suspicion around genetically modified crops and ultimately lead to more rapid user acceptance of biotechnology in food production in China, Syngenta's Chief Operating Officer Davor Pisk told Reuters.

  • WASHINGTON— Protecting the privacy of law-abiding citizens from the government is a pillar of Ted Cruz's Republican presidential candidacy, but his campaign is testing the limits of siphoning personal data from supporters. Cruz's sophisticated analytics operation was heralded as key to his victory in Iowa earlier this month— the first proof, his campaign...

  • ISTANBUL, Feb 11- Toyota Motor Corp will begin production in Turkey this year of a new hybrid engine car model with an investment of more than 350 million euros, the Japanese automaker said on Thursday. "This is the first time somebody will make a hybrid vehicle in Turkey," he said. The investment will increase to 1.7 billion euros the company's total investment in...

  • NEW DELHI, Feb 11- India, concerned at being sidelined from the U.S.-led Trans-Pacific Partnership, is stepping up efforts to reach agreement with an alternative trade bloc centred around China, and hopes to reach a deal this year. Prime Minister Narendra Modi has backed an export-focused' Make in India' drive as the path to prosperity for Asia's third-largest...

  • SolarCity's fund raising a concern amid slowing growth Wednesday, 10 Feb 2016 | 3:35 PM ET

    Feb 10- SolarCity Corp's shares plunged on Wednesday as investors worried about the company's ability to raise funds amid slowing growth in rooftop solar panel installations. Shares of SolarCity, backed by Tesla Motors CEO Elon Musk, slumped as much as 31 percent to their lowest in nearly three years, a day after the company said it installed...

  • GENEVA— Organizers of the World Economic Forum, which holds an annual meeting in Davos, Switzerland, have postponed a similar conference planned to take place in Egypt this spring over security concerns. The WEF Middle East and North Africa conference generally alternates between Jordan and Egypt from year to year and welcomes dignitaries and high-ranking...

  • LONDON/ MILAN, Feb 10- European shares snapped a seven-day losing streak on Wednesday, helped by some solid corporate earnings and a recovery in Deutsche Bank from 30- year lows. "The rebound in Deutsche Bank is helping to reassure some investors who had been concerned about possible contagion in the banking sector," said Francois Savary, chief investment officer...

  • *Bank shares lead Europe stocks up after Asia falls. LONDON, Feb 10- European stocks rose on Wednesday, rallying after losses in Asia, as concerns about the health of banks that have hammered shares globally in recent days eased and oil prices recovered from Tuesday's steep falls. Investors and traders were looking ahead to Congressional testimony from Federal...

  • *FTSEurofirst 300 recovers after sharp fall. LONDON, Feb 10- European shares rebounded on Wednesday from two-year lows reached in the previous session, helped by some solid corporate earnings and a recovery in Deutsche Bank. The pan-European FTSEurofirst 300 index, which had fallen 1.6 percent to its lowest point since September 2013 on Tuesday, rose 1.5...

  • UBS puts salaries on ice as bank shares fall Tuesday, 9 Feb 2016 | 1:45 PM ET
    Swiss bank UBS in Midtown Manhattan

    UBS has reacted to the financial market turbulence by freezing salaries for its investment bankers until at least mid year. The FT reports.

  • BERLIN, Feb 9- German environmental lobby group DUH stepped up its campaign against auto industry pollution on Tuesday, accusing Fiat Chrysler Automobiles' 500 X compact sport-utility vehicle of releasing excessive levels of toxic diesel emissions. DUH has already accused General Motors' Opel division, Renault and Daimler's Mercedes-Benz brand of...

  • BERLIN, Feb 9- German environmental lobby group DUH stepped up its campaign against auto industry pollution on Tuesday, accusing Fiat Chrysler Automobiles' 500 X compact sport-utility vehicle of releasing excessive levels of toxic diesel emissions. DUH has already accused General Motors' Opel division, Renault and Daimler's Mercedes-Benz brand of...

  • Drug prices jumped about 13 percent in the United States last year, spurring a public outcry and moving the issue onto the campaign platform of Hillary Clinton and other U.S. presidential candidates for the November 2016 election. The agreement applies to Cigna's commercial business and does not apply to its Medicaid or Medicare plans. Entresto, which costs...

  • GENEVA, Feb 8- When executive board members of the World Health Organization sat down for their annual meeting in Geneva in January, many powerful figures spoke forcefully of the need to reform the leading global authority on health and disease. "It's time to stop talking," Stewart Jessamine, New Zealand's director of public health and a WHO executive board member,...

  • GENEVA— The new CEO of Credit Suisse has proposed that its board make a "significant" cut in his bonus after the Swiss bank posted disappointing earnings last week and announced 4,000 job cuts. An e-mail from Credit Suisse's press office said he proposed the biggest cut among the bank's management team because "I cannot demand sacrifices from others and not make...

  • BUENOS AIRES/ NEW YORK, Feb 6- Investors on Saturday praised the speed with which new Argentine President Mauricio Macri made a cash offer to holders of defaulted bonds aimed at ending a long and bitter dispute that has strangled government finances. A financial markets pariah since defaulting on a record $100 billion in 2002, Argentina proposed on Friday a...

  • Investors welcome Argentina's swift offer to holdouts Saturday, 6 Feb 2016 | 12:14 PM ET

    BUENOS AIRES/ NEW YORK, Feb 6- Investors on Saturday praised the speed with which new Argentine President Mauricio Macri tabled a cash offer to holders of defaulted bonds aimed at ending a long and bitter dispute that has strangled government finances. A financial markets pariah since defaulting on a record $100 billion in 2002, Argentina proposed on Friday a...

  • MILAN, Feb 5- European shares were little changed in choppy trade on Friday with investors reluctant to take up big positions before a key U.S. jobs report that could provide clues on the Federal Reserve's monetary policy outlook. "With the focus on the jobs report in the U.S., we don't expect a very dynamic market today in Europe," Johannes Mayr, head of economic...

  • *BOJ board members told of negative rate plan days before meeting. TOKYO, Feb 4- Just days before the Bank of Japan stunned financial markets with its radical adoption of negative interest rates, members of the central bank's own policy board had also been taken by surprise by the move. That would be in keeping with the single-minded style of central bank Governor...

  • GENEVA— Credit Suisse is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter that includes "substantial charges which are not reflective of our underlying business performance," the bank said Thursday. It reported a pretax quarterly loss of 6.4 billion, including a 3.8- billion-franc impairment charge...