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Europe Top News and Analysis Switzerland

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  • ZURICH- Swiss National Bank head Thomas Jordan addresses a business gathering- 1600 GMT. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New York- 1710 GMT. TOKYO- Japan Economics Minister Akira Amari speaks at a seminar at...

  • DIARY- Top Economic Events to Sept 10 Thursday, 27 Aug 2015 | 8:01 PM ET

    EDINBURGH, Scotland- Bank of England's Executive Director of Prudential Policy David Rule at the Credit Scoring and Credit Control XIV Conference, University of Edinburgh. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New...

  • US targets Swiss bodega for ties to Colombian rebels Thursday, 27 Aug 2015 | 11:40 AM ET

    BOGOTA, Colombia— The U.S. Treasury Department is levying financial sanctions on four Colombians accused of laundering money for leftist rebels through a speciality grocer and money transfer shop in Switzerland. The four individuals targeted Thursday as foreign narcotics kingpins ran a Zurich- based bodega called the Colombiano Latin Shop that...

  • DIARY- Top Economic Events to Sept 9 Wednesday, 26 Aug 2015 | 8:00 PM ET

    German Chancellor Angela Merkel, EU foreign policy chief Federica Mogherini, European Commission Vice President Maros Sefcovic, European Bank for Reconstruction and Development President Sir Suma Chakrabarti and prime ministers of Italy, Serbia, Slovenia, Croatia and Albania to attend. PARIS- European Central Bank board member Benoit Coeure speaks at the...

  • WASHINGTON, Aug 26- The World Trade Organization has ruled against India in a dispute with the United States over its solar power program, Indian business newspaper Mint reported on Wednesday. Mint quoted an unnamed official from the Indian commerce ministry as saying the country planned to appeal the decision, made after the United States complained about...

  • Monsanto abandons takeover bid for Swiss rival Syngenta Wednesday, 26 Aug 2015 | 11:16 AM ET

    WASHINGTON— Agricultural business giant Monsanto is abandoning its takeover bid for competitor Syngenta AG after the Swiss chemical producer rejected its latest offer of nearly $47 billion. A combination with Basel- based Syngenta would have made Monsanto the world's largest producer of farming chemicals, in addition to its market-leading seed business.

  • *China stock indexes give up early gains despite rate cuts. NEW YORK, Aug 26- Wall Street opened higher and European shares cut their losses on Wednesday as investors tried to shake off fears about China's slowing economy. "The root of this is concern that growth in China may be a lot lower than what the market had thought," said Michael Bolliger, head of emerging market...

  • *China stock indexes give up early gains despite rate cuts. LONDON, Aug 26- Wall Street was expected to open almost 2 percent higher and Europe staged a fight-back on Wednesday, as traders tried to shake off fears about China's slowing economy and stocks collapse that is wreaking havoc in global markets. Europe's main bourses, which had surged on Tuesday after...

  • GLOBAL MARKETS-World shares sag as China jitters persist Wednesday, 26 Aug 2015 | 4:53 AM ET

    *China stock indexes give up early gains despite rate cuts. LONDON, Aug 26- World shares sagged on Wednesday as investors feared fresh rate cuts in China may not be enough to stabilize its slowing economy or halt a stocks collapse that is wreaking havoc in global markets. Europe's main stock markets, which had surged on Tuesday after China's moves, reopened 2...

  • DIARY- Top Economic Events to Sept 7 Monday, 24 Aug 2015 | 8:01 PM ET

    MANNHEIM, Germany- European Central Bank Vice President Vitor Constancio speaks at the ECB session "Effects of non-standard monetary policy measures: evidence and challenges" at the 30th Annual Congress of the European Economic Association- 1040 GMT. MANNHEIM, Germany- European Central Bank Chief Economist Peter Praet speaks at the session "The Euro crisis...

  • NEW YORK and CHICAGO, Aug 24- U.S.-based Monsanto Co sweetened its offer to buy Switzerland's Syngenta AG, valuing the company at around $47 billion as it tries to lure the Swiss firm to the negotiating table, a person familiar with the matter said on Monday. Monsanto, which wants to combine its world-leading seeds business with Syngenta's own seeds and...

  • BERN, Switzerland— A Swiss official says his country has made headway toward returning some $40 million that was stolen from the Tunisian state and has been sitting in Swiss banks since Tunisia's longtime regime collapsed in the Arab Spring uprising. Zellweger declined to specify who had deposited the money in Switzerland, but said it wasn't former President...

  • Auris reports 2Q loss Wednesday, 19 Aug 2015 | 6:12 AM ET

    4001 BASEL, Switzerland _ Auris Medical Holding AG on Wednesday reported a loss of $11.7 million in its second quarter. On a per-share basis, the 4001 Basel, Switzerland- based company said it had a loss of 36 cents. Keywords: Auris Medical Holding, Earnings Report.

  • GENEVA— Commodities and mining group Glencore PLC slumped to a first-half loss of $676 million in the wake of weak commodities prices and costs linked to the suspension of oil drilling operations in Chad. Glencore's results were also undermined by $792 million worth of costs related to the slow development of its Chad oil operations related to low oil prices.

  • ZURICH, Aug 13- Switzerland's lifting of some economic sanctions against Iran on Thursday should allow Swiss-based companies to take advantage if the U.S. and European Union eliminate their own trade curbs. The Swiss government, acting after a July 14 deal between Tehran and six big powers to curb Iran's nuclear program, officially lifted a ban on trading...

  • SNB targets summer market lull to weaken Swiss franc Wednesday, 5 Aug 2015 | 8:05 AM ET

    LONDON, Aug 5- Switzerland's interventionist central bank is using the window of opportunity created by a summer lull in global currency markets to push down the value of the Swiss franc with less effort and at lower cost. "In thin volumes, they are the big guys," said Peter Rosenstreich, chief FX analyst at Swissquote Bank, Geneva. The SNB, one of the few major central...

  • District Judge Paul Crotty in Manhattan said Roger Darin, a Swiss citizen, was "flouting judicial process" by remaining in his home country to avoid arrest while sending lawyers to ask the judge to dismiss the case. Darin's lawyers argued he was not a fugitive since he had never fled, let alone appeared, in the United States since the U.S. Justice Department filed its...

  • LONDON, July 31- Scientists and drug companies will continue to research the potential of alternative Ebola vaccines, despite a shot from Merck and NewLink Genetics proving 100 percent effective in a trial in Guinea. In the event, it proved about as safe as a flu vaccine, said University of Reading virologist Ben Neuman, but it was still not given to children or...

  • July 30- European private equity firm PAI Partners said on Thursday it had agreed to sell Swissport International to China's HNA Group, a deal that will help the Swiss air cargo handler broaden its reach in Asia. HNA Group, the owner of China's Hainan Airlines, will pay 2.7 billion Swiss francs for Zurich- based Swissport. "The acquisition by HNA will enable the...

  • *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.