Europe Top News and Analysis Switzerland

  • *Porsche to build Bentley cars at Leipzig- sales chief. The new model will compete with the Mercedes-Benz CLS shooting brake and mainly court younger buyers in Europe and China as demand in the United States for such vehicles is still lagging, von Platen said. Porsche drivers in Europe and the U.S. are in their early 50 s on average and in their 30 s in China, which last...

  • GENEVA, Sept 29- Banks are tightening the security of their SWIFT messaging networks- used by the industry to shift trillions of dollars each day- following revelations that hackers are increasingly able to get into this system to steal money. They are stepping up their efforts after the theft of $81 million from the Bangladesh central bank in February and...

  • GENEVA, Sept 29- Banks are tightening the security of their SWIFT messaging networks- used by the industry to shift trillions of dollars each day- following revelations that hackers are increasingly able to get into this system to steal money. They are stepping up their efforts after the theft of $81 million from the Bangladesh central bank in February and...

  • GENEVA, Sept 29- Banks are tightening the security of their SWIFT messaging networks- used by the industry to shift trillions of dollars each day- following revelations that hackers are increasingly able to get into this system to steal money. They are stepping up their efforts after the theft of $81 million from the Bangladesh central bank in February and...

  • GENEVA, Sept 29- Banks are tightening the security of their SWIFT messaging networks- used by the industry to shift trillions of dollars each day- following revelations that hackers are increasingly able to get into this system to steal money. They are stepping up their efforts after the theft of $81 million from the Bangladesh central bank in February and...

  • BRUSSELS, Sept 29- A planned reform of global banking rules being discussed by the United States, Europe, Japan and other major economies risks negatively affecting European banks and needs to be changed, the EU financial services commissioner said on Thursday. But opponents, mostly in Europe and Japan, feel the review goes too far. "As things stand, the proposals...

  • BRUSSELS, Sept 29- A planned reform of global banking rules being discussed by the United States, Europe, Japan and other major economies risks negatively affecting European banks and needs to be changed, the EU financial services commissioner said on Thursday. But opponents, mostly in Europe and Japan, feel the review goes too far. "As things stand, the proposals...

  • BRUSSELS, Sept 29- A planned reform of global banking rules being discussed by the United States, Europe, Japan and other major economies risks negatively affecting European banks and needs to be changed, the EU financial services commissioner said on Thursday. But opponents, mostly in Europe and Japan, reckon the review goes too far, as they fear it...

  • PARIS, Sept 29- Agricultural trading giant Louis Dreyfus Company eked out a small rise in 2016 first-half net profit, saying steady shipped volumes helped it weather another tough period in commodity markets. The privately owned company said on Thursday that net income was $135 million compared with $130 million in the first half of 2015, with lower costs and...

  • BRUSSELS, Sept 29- A planned reform of global banking rules being discussed by the United States, Europe, Japan and other major economies risks negatively affecting European banks and needs to be changed, the EU financial services commissioner said on Thursday. But opponents, mostly in Europe and Japan, reckon the review goes too far, as they fear it...

  • BRUSSELS, Sept 29- A planned reform of global banking rules being discussed by the United States, Europe, Japan and other major economies risks negatively affecting European banks and needs to be changed, the EU financial services commissioner said on Thursday. "As things stand, the proposals Basel has issued for consultation would imply significant capital...

  • EU'S DOMBROVSKIS SAYS EU DOES NOT SEE STANDARDISED CAPITAL FLOORS AS ESSENTIAL TO BASEL BANKING REFORM.

  • EU'S DOMBROVSKIS SAYS BASEL DEAL STILL IMPORTANT, CREDIBLE FRAMEWORK MUST BE MAINTAINED.

  • EU'S DOMBROVSKIS SAYS WORK REMAINS TO BE DONE ON BASEL REVIEW OF GLOBAL BANKING RULES.

  • EU'S DOMBROVSKIS SAYS BASEL REFORM PROPOSALS WOULD IMPLY SIGNIFICANT CAPITAL REQUIREMENT INCREASES IN ALL AREAS.

  • LONDON, Sept 28- Banks and other financial institutions are adopting blockchain technology "dramatically faster" than initially expected, with 15 percent of top global banks intending to roll out full-scale, commercial blockchain products in 2017, IBM said on Wednesday. Consultancy Oliver Wyman said in a report in February it would take at least a decade for...

  • Sept 28- Nigeria's Sahara has put on hold a planned initial public offering and bond sale that was aimed at financing more oil asset purchases until the investment prospects for oil and gas improve. A year ago Sahara was pursuing a dual listing on the London and Lagos stock exchanges and roadshowing a bond in an effort to raise more than $1 billion to buy oil and gas...

  • BRUSSELS, Sept 28- France and Germany have persuaded their EU counterparts to discuss pending global banking rules at their next finance ministers' meeting amid concerns the bloc may refuse to sign on to the new regulations. European Union finance ministers agreed a common position on the reform in July calling on global regulators not to increase capital...

  • LONDON, Sept 28- Sterling traded back above $1.30 on Wednesday, staying clear of a six-week low hit earlier in the week, after the head of the Bank of England mande upbeat comments about the long-term prospects for the UK economy. Governor Mark Carney told Scotland's Herald newspaper the British economy was performing as the Bank had expected it to when it...

  • Switzerland named most competitive economy by the WEF

    Margareta Drzeniek, head of global competitiveness and risks at the World Economic Forum, discusses competition and her concerns about protectionism.