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Europe Top News and Analysis Switzerland

  • FRANKFURT- ECB Executive Board Member Yves Mersch and Bundesbank President Jens Weidmann deliver speeches at a symposium on payment systems of the Bundesbank. FRANKFURT- ECB governing council meeting, followed by interest rate announcement. FRANKFURT- European Central Bank Executive Board Member Yves Mersch will give speech on "Vision 2020 of the...

  • GENEVA— A heart-shaped diamond billed as the largest of its kind to be auctioned off sold for less than the pre-sale estimate Wednesday, fetching a hammer price of 13 million Swiss francs. The 92- carat "La Legende" was the standout piece among some 250 jewels put on the block during the day at Christie's in Geneva. Francois Curiel, the Asia-Pacific chairman for...

  • WASHINGTON— The Associated Press has promoted reporters Kathleen Hennessey and Bradley Klapper to a pair of key leadership positions in its Washington bureau. Hennessey will direct coverage of the White House and the Trump administration, while Klapper will oversee AP's reporting on foreign affairs. She later joined the Washington bureau of The Los...

  • *Follows other moves in Europe to reduce nuclear reliance. ZURICH, May 17- Swiss voters will on Sunday determine the fate of a law proposing billions of dollars in subsidies for renewable energy, a ban on new nuclear plants and a partial utilities bailout. The Swiss initiative mirrors efforts elsewhere in Europe to reduce dependence on nuclear power, partly...

  • FRANKFURT- European Central Bank governing council non-monetary policy meeting. FRANKFURT- European Central Bank Executive Board Member Yves Mersch will give speech on "Vision 2020 of the Eurosystem- Further development of the Eurosystem market infrastructure" at a conference on "Payment transactions and securities settlement in Deutschland in the year...

  • FRANKFURT- European Central Bank governing council non-monetary policy meeting. FRANKFURT- European Central Bank Executive Board Member Yves Mersch will give speech on "Vision 2020 of the Eurosystem- Further development of the Eurosystem market infrastructure" at a conference on "Payment transactions and securities settlement in Deutschland in the year...

  • GENEVA— Sotheby's sold a pair of pear-shaped diamond earrings at a hammer price of about $51 million Tuesday, though the 14.54- carat flawless Fancy Vivid Blue diamond that was the auction's highlight fell short of the expected range. Sold as separate lots, the "Apollo Blue" and "Artemis Pink" diamonds together cracked the low end of the expected range of $50...

  • LONDON, May 16- Gold prices extended gains for a fourth day on Tuesday as political troubles in the United States dented the dollar while a more upbeat scenario in Europe lifted the euro. "The dollar is weak today, which has helped precious metals across the board," said Carsten Menke, analyst at Julius Baer in Zurich, saying the move in the greenback was a combination...

  • GENEVA— Microsoft announced Tuesday that it intends to contribute $5 million over five years to the United Nations human rights office, assistance the Geneva- based agency called a "landmark partnership" that could prod other big private-sector donors to follow suit. "As a global company that sees the problems of the world, we believe that we have a...

  • *Shares sold at 16.1 Sfr vs 16.61 Sfr Monday close- sources. ZURICH/ SINGAPORE May 15- Singapore sovereign wealth fund GIC Private Limited, which invested in UBS to support it during the 2008/ 09 global financial crisis, said it had cut its stake in the Swiss bank at a loss, partly because of changes in the lender's strategy and business. People familiar with the matter...

  • The logo for the Government Of Singapore Investment Corporation (GIC) is pictured in the company headquarters in Singapore

    Singapore sovereign fund GIC, which invested in UBS during the global financial crisis, said it cut its stake in the Swiss bank at a loss.

  • ZURICH, May 15- Singapore sovereign wealth fund GIC Private Limited, which invested in UBS to support it during the 2008/ 09 global financial crisis, said it has cut its stake in the Swiss bank at a loss, partly because of changes in the lender's strategy and business. GIC, which manages more than $100 billion globally, said it has reduced its stake to 2.7 percent from...

  • FRANKFURT- European Central Bank Executive Board Member Benoit Coeure will give speech at the annual dinner of the ECB's Bond Market Contact Group 1800 GMT. BRUSSELS- European Economic Area Council. FRANKFURT- European Central Bank governing council non-monetary policy meeting.

  • FRANKFURT- European Central Bank Executive Board Member Benoit Coeure will give speech at the annual dinner of the ECB's Bond Market Contact Group 1800 GMT. BRUSSELS- European Economic Area Council. FRANKFURT- European Central Bank governing council non-monetary policy meeting.

  • ZURICH, May 15- Singapore sovereign wealth fund GIC Private Limited, which invested in UBS to support it during the 2008/ 09 global financial crisis, said it has cut its stake in the bank at a loss, partly because of changes in the lender's strategy and business. GIC, owned by the government of Singapore, was one of the first sovereign funds to pump billions into Western...

  • Celebrities who are sick of being stalked by photographers at Los Angeles International Airport can now find some privacy— not to mention luxury— at a new terminal. The terminal is available to anyone who can afford fees up to $4,000 for a single flight. When it's time to catch their flights, passengers get a ride in shiny BMW sedans across the runway and straight to...

  • LONDON/ NEW YORK, May 14- Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber insurance, insurers say. The overall cost of getting businesses going again could run into the billions of dollars, with...

  • **MILAN, Italy- European Central Bank Executive Board Member Ignazio Angeloni to give a keynote speech at the "Regulatory vs Business? **BRUSSELS- European Central Bank Executive Board Member Peter Praet will give a Keynote speech at "Annual PensioPlus Financial Seminar", in Brussels, Belgium 1245 GMT. **FRANKFURT- European Central Bank Executive Board Member Benoit...

  • **MILAN, Italy- European Central Bank Executive Board Member Ignazio Angeloni to give a keynote speech at the "Regulatory vs Business? **BRUSSELS- European Central Bank Executive Board Member Peter Praet will give a Keynote speech at "Annual PensioPlus Financial Seminar," in Brussels, Belgium 1245 GMT. **FRANKFURT- European Central Bank Executive Board Member Benoit...

  • **MILAN, Italy- European Central Bank Executive Board Member Ignazio Angeloni to give a keynote speech at the "Regulatory vs Business? **BRUSSELS- European Central Bank Executive Board Member Peter Praet will give a Keynote speech at "Annual PensioPlus Financial Seminar", in Brussels, Belgium 1245 GMT. BRUSSELS- EU foreign affairs council meeting.