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  • GENEVA, May 18- The "Oppenheimer Blue", the largest and finest fancy vivid blue diamond ever offered at auction, sold for a world record 56.837 million Swiss francs on Wednesday after dramatic see-saw bidding, Christie's said. The rare rectangular-cut stone, which weighs 14.62 carats, previously belonged to Sir Philip Oppenheimer, who controlled the Diamond...

  • GENEVA—' Oppenheimer Blue' sets new record for diamond price at auction, fetching over $51 million.

  • BRASILIA, May 18- Brazil's central bank has placed nine banks under "special surveillance" and is closely monitoring the liquidity and stability of their operations, according to an undated internal bank document reviewed by Reuters. The document, labeled as a presentation prepared for a May 19 meeting of the central bank's financial stability committee,...

  • GENEVA— The "Oppenheimer Blue" diamond sold Wednesday for more than 56.8 million Swiss francs including fees, crushing the previous record for the most expensive diamond ever sold at auction. The final tally also blew away the previous record for a diamond sold at auction by nearly $10 million: The 12.03- carat polished "Blue Moon" diamond went for $48.5 million in...

  • GENEVA— The Latest on migrants in Europe:. Greek riot police have fired tear gas and stun grenades at refugees and other migrants who tried to push a railway carriage through a police cordon during a protest at a crowded informal camp on the border with Macedonia. The sprawling Idomeni camp is home to about 10,000 people trapped in Greece after a series of border...

  • GENEVA— The U.N. refugee agency is launching an unprecedented appeal to the private sector to help pay for shelters for 2 million refugees worldwide amid a "huge shortfall in funds" for that purpose. Spokesman Leo Dobbs says the appeal aims to tap philanthropists, companies, foundations and individuals as a potential source of new money because UNHCR hasn't...

  • BOGOTA, Colombia— Colombia's government is giving pharmaceutical giant Novartis a few weeks to lower prices on a popular cancer drug or see its monopoly on production of the medicine broken and competition thrown open to generic rivals. Memos leaked last week to a nonprofit group, written from the Colombian Embassy in Washington, describe intense lobbying...

  • ZURICH/ LONDON, May 17- Novartis is splitting its pharmaceuticals division into two business units, one focused on cancer and the second on other drugs, while switching out its current pharma head in the second high-profile management reshuffle this year. David Epstein, the American head of Novartis Pharmaceuticals and a 27- year veteran with the group, will...

  • GENEVA— A vivid, pearl-shaped pink diamond said to be the largest of its kind to go under the hammer has sold at auction for 27.3 million Swiss francs at a Sotheby's auction. Sotheby's said the hammer price, which excludes fees, came in at the low end of the expected pre-auction range of $28 million- $38 million. The 15.38- carat "Unique Pink," mined near the Kimberley...

  • *Canada opting against public stress testing of banks. TORONTO, May 16- Canada's financial regulator is pushing back against some of the more onerous demands placed on banks since the 2007-09 financial crisis, rejecting public health checks on lenders and allowing them to operate with lower capital buffers than overseas rivals. That is despite concerns over a...

  • *But KBC, Zurich rise after well-received results. MILAN, May 12 (Reuters)- European stocks inched lower in choppy trade on Thursday, weighed down by some disappointing earning updates, while Bayer and BASF dropped on reports they could be interested in buying Monsanto. Bayer fell 5 percent after Bloomberg reported the German group was exploring a bid for Monsanto,...

  • *KBC, Zurich rise after results. MILAN/ LONDON, May 12- European stocks rose on Thursday on the back of oil sector gains, with KBC Groep and Zurich Insurance among the leading gainers after results. The FTSEurofirst 300 index was up 0.5 percent by 1029 GMT, paring early losses of as much as 1 percent.

  • LONDON, May 12- European stocks fell on Thursday as a drop in the shares of major financial companies such as Aegon and Credit Agricole weighed on the region's markets. It slumped 7.8 percent after the Dutch insurer reported worse-than-expected first-quarter underlying pretax profit of 462 million euros. "Corporate results have not been that great so far," said...

  • *World debt higher than before crash. LONDON, May 10- The world is getting an object lesson on the problems of having one dominant global currency and even the supposed prime beneficiary, the United States, can see the downside. Despite a constant narrative about U.S. households and banks paying down debts ever since the global credit crash eight years ago, any'...

  • May 10- Parties at the center of one of the biggest-ever cyber heists pledged on Tuesday to cooperate to recover $81 million stolen from a Bangladesh central bank account at the New York Fed, following weeks of accusations over who is to blame. Federal Reserve Bank of New York President William Dudley, Bangladesh Bank Governor Fazle Kabir and representatives...

  • After weeks of finger pointing, Federal Reserve Bank of New York President William Dudley, Bangladesh Bank Governor Fazle Kabir and representatives from global messaging network SWIFT met in Basel, Switzerland on Tuesday to discuss the early-February heist. The meeting, first reported by Reuters last week, was the first face-to-face encounter since the...

  • NEW YORK, May 10- The three parties directly affected by one of the biggest-ever cyber heists said they agreed on Tuesday to work together to recover $81 million that was stolen, track down the criminals involved and protect the global financial system from other breaches. Federal Reserve Bank of New York President William Dudley, Bangladesh Bank Governor...

  • CAPE TOWN, May 10- South Africa is in talks with Swiss pharmaceutical firm Roche to reduce the price of its breast cancer drug Herceptin, which currently costs 500,000 rand a year to treat one person and is unaffordable to most women, the health minister said on Tuesday. Africa's most industrialised country has a history of pushing to cut the prices of vital...

  • The United States and Russia, who support rival sides in Syria's civil war, said on Monday they would work to revive the February "cessation of hostilities" agreement that reduced fighting in parts of the country for several weeks. A recent surge in bloodshed in Aleppo, Syria's largest city before the war, wrecked the 10- week-old partial truce sponsored by...

  • *Q1 net loss of 302 mln Sfr vs forecast 424 mln Sfr loss. On Tuesday, Credit Suisse posted a 302 million Swiss franc loss for the first three months of 2016, the Zurich- based bank's second consecutive quarterly loss. "There's obviously been a lot of fear surrounding Credit Suisse," said Macquarie Research analyst Piers Brown, who has an "outperform" rating on the stock.