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Europe Top News and Analysis Switzerland

  • BASEL, Switzerland— In the battlefields of Syria and Iraq, the Islamic State group became infamous for its spectacular variations on explosive vehicles. Four people were killed in London on Wednesday with this tactic in what was the worst attack on British soil since the transport network bombings on July 7, 2005. Charlie Winter, a senior research fellow at the...

  • March 24- Vitol's annual traded volumes rose 16 percent in 2016 to a new record as the world's largest independent energy trader sold more gasoline and diesel in markets such as the United States and Australia. The biggest jump in percentage terms came from gasoline, up 44 percent and gasoil, up 26 percent, driven by increasing demand in the United States,...

  • May had delivered her vision two days earlier for pulling Britain out of the European Union's single market. Now the Wall Street banks, fearing Britain was headed for trouble, wanted to hear more about her strategy. "We contribute a double-digit percentage to Britain's GDP.

  • *Credit Suisse CEO Thiam received 11.9 mln Sfr for 2016. ZURICH, March 24- Credit Suisse Chief Executive Tidjane Thiam's pay for his first full year in the job swelled to 11.9 million Swiss francs, while bonuses rose 6 percent despite back-to-back annual losses at Switzerland's second-biggest bank. Executive pay is a hot-button issue in Switzerland, with voters...

  • ZURICH, March 24- Credit Suisse Chief Executive Tidjane Thiam's pay for his first full year in the job swelled to 11.9 million Swiss francs, the 2016 annual report of Switzerland's second-biggest bank showed on Friday. This compared with the 4.57 million francs he earned in 2015 after joining the bank on June 22. Cross-town rival UBS paid Chief Executive Sergio...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • BOSTON, March 23- Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. The decision to liquidate comes after a difficult 2016 when Eton Park lost 9 percent and its assets shrunk by $2 billion to the current $7 billion. At its peak in 2011, Eton Park oversaw $14 billion.

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend American Bankers Association's Government Relations Summit- 1145 GMT. FRANKFURT- French Central Bank Chief Francois Villeroy de Galhau and other top European finance officials speak in Frankfurt. FRANKFURT- European Central Bank...

  • BOSTON, March 23- Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. The decision to liquidate comes after a difficult 2016 when Eton Park lost 9 percent and its assets shrunk by $2 billion to the current $7 billion. At its peak in 2011, Eton Park oversaw $14 billion.

  • SEOUL/ TOKYO/ MILAN, March 23- The world's biggest liquefied natural gas buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows. Korea Gas Corp said on Thursday it had signed a memorandum of understanding in mid-March with Japan's JERA and China National...

  • ZURICH, March 23- Falcon Private Bank, one of the Swiss banks ensnared in the Malaysian corruption scandal surrounding the troubled 1 MDB fund, lost 128 million Swiss francs last year, it said on Thursday. The steep loss came on the back of efforts to cut risk and costs from the closure of its Singapore branch ordered in October by the Monetary Authority of Singapore...

  • ZURICH, March 23- Switzerland's central bank bought another 67.1 billion Swiss francs worth of foreign currencies in 2016, almost a quarter less than the previous year, in its effort to fight the appreciation of the safe-haven franc. "These interventions occurred mainly at times of heightened uncertainty, when the Swiss franc was particularly sought after as...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • *Trial failure trims Novartis blockbuster hopefuls to 12. *Some traders say failed drug had $2 bln/ year potential. ZURICH, March 22- Novartis's heart failure drug serelaxin flopped in a late-stage trial by not cutting cardiovascular death or slowing disease progression, marking the likely demise of a drug hopeful the Swiss firm had promoted as a potential...

  • ZURICH, March 22- Novartis' efforts to expand its heart treatment franchise beyond its flagship Entresto business suffered a blow when it announced on Wednesday its acute heart failure drug serelaxin had failed in a late-stage trial. Serelaxin, once seen a potential blockbuster, suffered a string of setbacks in 2014 when European Union health regulators and...

  • WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend American Bankers Association's Government Relations Summit- 1145 GMT. FRANKFURT- French Central Bank Chief Francois Villeroy de Galhau and other top European finance officials speak in Frankfurt. FRANKFURT- European Central Bank...

  • WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend American Bankers Association's Government Relations Summit- 1145 GMT. FRANKFURT- French Central Bank Chief Francois Villeroy de Galhau and other top European finance officials speak in Frankfurt. FRANKFURT- European Central Bank...