Europe Top News and Analysis Switzerland

  • LONDON, Sept 27- Three months after Britain's vote to leave the European Union, fears in currency markets of a "hard Brexit" that would drive an exodus of banks from London have knocked sterling to within sight of its weakest levels in decades. That broadly reflects shifts in expectations of how the economy will deal with the fallout from talks that may deprive...

  • GRANGEMOUTH, Scotland, Sept 27- Britain's first shale gas delivery from the United States arrived to the sound of a lone piper on Tuesday morning as political debate about its controversial fracking method of extraction swirled both north and south of the Scottish border. Scotland's devolved government imposed a moratorium on fracking last year and...

  • LONDON, Sept 26- Microsoft and Bank of America Merrill Lynch have joined forces on a project to use blockchain technology to make trade finance transactions faster, cheaper, safer and more transparent, the companies said on Tuesday. The two multinationals said at the Sibos financial services conference in Geneva that they would build and test the technology...

  • GENEVA— Trade, that lifeblood of the world economy, is growing at its slowest rate in seven years and could falter even more should anti-globalization sentiment encourage governments to throw up more barriers. That's the verdict from the World Trade Organization, which dramatically slashed its forecast for trade growth this year by about a third to its lowest...

  • GENEVA, Sept 26- Countries negotiating an international agreement on trade in services plan to meet in early December to try to finalize the deal, U.S. The Trade in Services Agreement, which would provide stronger international rules for sectors such as communications and banking, is being negotiated among 23 WTO members, including the 28- country European...

  • GENEVA, Sept 26- SWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on banks are set to increase. The theft of $81 million in February from Bangladesh's central bank using SWIFT messages rocked faith in the system whose messages had,...

  • *Tension mounts ahead of Basel meeting in November. FRANKFURT/ LONDON, Sept 26- The European Union may opt out of new global rules aimed at preventing another financial crash because officials are worried they put European banks at a disadvantage at a time when they are losing market share to U.S. rivals. "If we can't reach a compromise that's acceptable for us, we...

  • LONDON, Sept 26- London's role as the world's top financial center could be under threat as the implications of Britain leaving the European Union start to sink in, a survey showed on Monday. The Z/Yen 20th global financial centers index, which looks at 87 financial centers, showed that London remains just ahead of New York, followed by Singapore and Hong Kong.

  • LONDON, Sept 26- London's role as the world's top financial centre could be under threat as the implications of Britain leaving the European Union start to sink in, a survey showed on Monday. The Z/Yen 20th global financial centres index, which looks at 87 financial centres, showed that London remains just ahead of New York, followed by Singapore and Hong Kong.

  • GENEVA, Sept 26- SWIFT, the system banks use to send payment instructions worth trillions of dollars each day, was hacked at least three times over the summer and cyber attacks on banks are set to intensify, the cooperative said on Monday. The theft of $81 million in February from Bangladesh's central bank using SWIFT messages rocked faith in the system whose...

  • LONDON, Sept 26- Governments worldwide should pass new laws to facilitate the sharing of information between themselves and the private sector in order to better combat financial crime, HSBC's top lawyer told a banking conference in Geneva on Monday. Levey, who was under secretary for terrorism and financial intelligence at the U.S. treasury department from...

  • Proponents of a new intelligence law, passed by the Federal Assembly a year ago but not enacted, say the measure is needed to help Switzerland to catch up with other countries that have far stronger legal arsenals against cyber-crime, snooping or extremist attacks. Sunday's referendum, part of Switzerland's system of direct democracy, was called by opponents...

  • *Europe expects Boeing to face pressure in next WTO rulings. GENEVA/ PARIS, Sept 22- The World Trade Organization said on Thursday the European Union had failed to rein in billions of dollars in subsidies to planemaker Airbus, ratcheting up tensions in the battle for airliner orders worth trillions of dollars a decade. The WTO said the EU and four nations- Britain,...

  • WASHINGTON— The Obama administration on Thursday claimed a victory in its long-running trade dispute with the European Union over whether the 28- country bloc is illegally helping airplane manufacturer Airbus. In June 2011, the World Trade Organization found that the EU and four of its member countries provided billions of dollars in subsidized financing...

  • *$52 bln debt issuance from Japan, most from banks. LONDON, Sept 21- Japanese banks and companies have nearly doubled their dollar-denominated debt issuance this year to the second highest on record as they seek to avoid the unusually high costs of raising dollars in other parts of the financial markets. According to Thomson Reuters data Japanese firms raised...

  • Brazil's former president Luiz Inacio Lula da Silva will stand trial on corruption charges, a crusading federal judge ruled on Tuesday.

  • Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia.

    Swiss national Xavier Justo is a possible key witness in the global money-laundering probe linked to the Malaysian state fund.

  • Singapore's Marina Bay skyline at sunset.

    The HSBC Expat Explorer survey interviewed almost 27,000 people to discover where to go for the biggest money, best jobs and nicest lifestyle.

  • FARGO, N.D.— A joint task force of North Dakota and federal officials is investigating a clash between Dakota Access pipeline protesters and private security guards earlier this month, a county sheriff announced Tuesday. The task force includes members of the Morton and Mercer County sheriff's departments, the state Bureau of Criminal Investigation and the...

  • *Political worries, weak bank stocks weigh on Italy. MILAN, Sept 20 (Reuters)- European shares ended little changed on Tuesday as investors remained cautious ahead of monetary policy decisions from the Federal Reserve and Bank of Japan on Wednesday. Futures are pricing the chance of a U.S. rate rise this week at just 15 percent, while the chance of a December hike is...