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  • LONDON, July 28- Britain's battered pound looks to be holding its own a month after the shock vote for a Brexit, even as the Bank of England prepares to take UK interest rates below their U.S. equivalents for the first time in a decade. Sterling sank by 14 percent within hours of the decision to quit the European Union in June 23' s referendum and banks were quickly...

  • July 29- Credit Suisse Group AG, which exited its U.S. private wealth business last year, is building out a new investment banking group in the region to serve billionaires. Switzerland's second-biggest bank has hired Charlie Buckley from rival UBS Group AG to work with company founders and entrepreneurs, according to an internal memo reviewed by Reuters on...

  • ZURICH _ UBS AG on Friday reported second-quarter net income of $1.07 billion. The bank, based in Zurich, said it had earnings of 28 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • GENEVA— Swiss bank UBS has reported a 14- percent drop in net profit in the second quarter, citing "pronounced low client activity" amid economic and geopolitical uncertainties and other market weakness. The company said net income fell to 1.03 billion Swiss francs, from 1.21 billion francs a year earlier. The bank said market volatility, macroeconomic...

  • LONDON, July 28- Sterling fell to a two-week low against the euro on Thursday, 3,000 job cuts at British bank Lloyds adding to signs of a worsening economic outlook as investors bet the Bank of England will cut interest rates next week. Since the 14 percent fall in the pound in the hours after the vote to leave the European Union on June 23, sterling has proved more...

  • LONDON, July 28- AstraZeneca's chief executive believes a rival could spot the growing value of its drug pipeline but declined to say on Thursday if the group was likely to be a takeover target once more, two years after seeing off a bid from Pfizer. Citi analyst Andrew Baum suggested in a note this week that AstraZeneca's biotech expertise and advanced...

  • ZURICH/ BRUSSELS, July 28- European Commission President Jean-Claude Juncker has let negotiators pursue a deal on curbing an influx of foreigners to Switzerland, diplomats said, keeping alive Swiss hopes of avoiding a rupture with its most important trading partner. The talks are crucial for Switzerland, which has threatened to impose unilateral curbs on...

  • ZURICH _ Credit Suisse Group AG on Thursday reported second-quarter net income of $172.1 million. Credit Suisse shares have dropped 46 percent since the beginning of the year. Keywords: Credit Suisse, Earnings Report.

  • GENEVA— Credit Suisse says second-quarter net profit plunged 84 percent as the Swiss bank pressed on with a restructuring and revaluation of its investment banking portfolio. Net income was 170 million Swiss francs, compared to analysts' expectations for a loss of 201 million francs and versus a profit of 1.05 billion francs a year earlier.

  • 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.