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  • District Judge Paul Crotty in Manhattan said Roger Darin, a Swiss citizen, was "flouting judicial process" by remaining in his home country to avoid arrest while sending lawyers to ask the judge to dismiss the case. Darin's lawyers argued he was not a fugitive since he had never fled, let alone appeared, in the United States since the U.S. Justice Department filed its...

  • LONDON, July 31- Scientists and drug companies will continue to research the potential of alternative Ebola vaccines, despite a shot from Merck and NewLink Genetics proving 100 percent effective in a trial in Guinea. In the event, it proved about as safe as a flu vaccine, said University of Reading virologist Ben Neuman, but it was still not given to children or...

  • July 30- European private equity firm PAI Partners said on Thursday it had agreed to sell Swissport International to China's HNA Group, a deal that will help the Swiss air cargo handler broaden its reach in Asia. HNA Group, the owner of China's Hainan Airlines, will pay 2.7 billion Swiss francs for Zurich- based Swissport. "The acquisition by HNA will enable the...

  • *Zurich spokesman says RSA would complement business. *RSA says has received no proposal from Zurich. *Zurich shares down 1.8 pct, RSA up 18 pct.

  • *Details widening U.S. probe into Puerto Rico unit. ZURICH, July 28- U.S. authorities have widened a probe into bond funds sold by UBS's Puerto Rico arm, the Swiss bank announced on Tuesday, alongside figures showing it has used up some of the money it set aside to cover legal costs and regulatory fines. They stood at 2.37 billion Swiss francs at the end of June, down from...

  • Following recent speculation, Switzerland- based Zurich, a 45 billion Swiss franc firm offering a range of life and general insurance products, said it was looking at a bid. "Zurich notes the recent market speculation in relation to RSA Insurance Group PLC and confirms that the company is evaluating a potential offer," it said on Tuesday. Barclays analysts said...

  • ZURICH, July 28- UBS said its provisions to deal with future legal tussles and regulatory run-ins stood at 2.368 billion Swiss francs in June and revealed a widening U.S. probe into bond funds sold by the Swiss bank's Puerto Rico arm. The bank said it is responding to inquiries from the Securities and Exchange Commission and the Financial Industry Regulatory...

  • ZURICH, July 27- Swiss bank UBS failed to impress investors with a jump in second-quarter profit and a boost to its capital as strong earnings from rival Credit Suisse last week had raised hopes for even better results. Net profit rose 53 percent on the year to 1.2 billion Swiss francs thanks to a solid performance across the board at Switzerland's biggest bank,...

  • *Second quarter net profit 1.2 bln Swiss francs. ZURICH, July 27- UBS posted a bigger-than-expected jump in second-quarter profit on Monday and chief Sergio Ermotti said the Swiss bank had "good momentum" going into the second half of 2015.. Zurich- based UBS published earnings for the three months to June 30 a day earlier than scheduled to counter "incorrect and...

  • GENEVA/ WASHINGTON, July 24- World Trade Organization members met in Geneva on Friday trying to finalise a deal to cut tariffs on $1 trillion of information technology products from video games to medical equipment. The United States said a deal had been struck, but WTO Director General Roberto Azevedo postponed a press conference at which he and the talks'...

  • *EU regulators back GSK's Mosquirix for babies in Africa. LONDON, July 24- The world's first malaria vaccine got a green light on Friday from European drugs regulators who recommended it as safe and effective to use in babies in Africa at risk of the mosquito-borne disease. Mosquirix, also known as RTS, S and part-funded by the Bill& Melinda Gates Foundation, will now...

  • WTO members seal trillion-dollar IT trade deal Friday, 24 Jul 2015 | 12:00 AM ET

    Technology manufacturers like General Electric Co, Intel Corporation, Texas Instruments Inc, Microsoft Corp and Nintendo Co are among companies expected to benefit from the deal. "That definitely impacts Intel and that's important but also as important are the other technologies that it covers that were not even dreamt of when the original ITA was...

  • *Credit Suisse gains 5 pct. LONDON, July 23- European shares edged higher on Thursday as Credit Suisse, Unilever and others reported better-than-expected results, as the quarterly earnings season accelerated in Europe. Credit Suisse Group AG was the top gainer, up 5 percent, after it posted better-than expected earnings and improved its capital cushion ahead of...

  • GENEVA, July 22- The Swiss Attorney General's office said on Wednesday it has widened a corruption investigation into Brazilian oil firm Petrobras to include Latin America's largest engineering and construction company, Odebrecht SA, and its subsidiaries. Marcelo Odebrecht, chief executive of Brazil- based Odebrecht SA, was arrested in Sao Paulo last month...

  • This tarnished the asset-backed market that is roughly still only half its pre-crisis size in Europe, though it has rebounded in the United States. The European Union is working on reforms of asset-backed securities to try to revive the market so it can contribute to funding for businesses that in Europe largely rely on banks for money. Basel's questionnaire...

  • LONDON, July 17- Amid all the uncertainty swirling around financial markets, one clear picture is emerging for investors: U.S. and UK interest rates will soon rise, while most of the rest of the world is easing monetary policy. Federal Reserve chair Janet Yellen and Bank of England governor Mark Carney this week gave their strongest indications to date that they...

  • LONDON, July 14- HSBC should have made deeper checks before buying a Swiss private bank that allegedly allowed customers to dodge taxes and a Mexican business that breached anti-money laundering rules, its former chairman said. We didn't get everything right, " Stephen Green told British lawmakers on Wednesday. "We had that reputation sullied by things we didn't...

  • ZURICH, July 14- Swiss bank Syz& Co said it would buy Royal Bank of Canada's Swiss private bank, including 10 billion Swiss francs under management, the latest move by a foreign bank to exit Switzerland. Geneva- based Syz, which is privately held, didn't disclose a purchase price for the RBC unit, which is mainly active in Latin America, Africa and the Middle East.

  • LONDON, July 14- It's a showpiece drug that has the potential to end a disease that kills half a million African children a year. Backed by billionaire philanthropist Bill Gates and developed by GlaxoSmithKline, the vaccine-- called RTS, S or Mosquirix-- is being assessed by regulators and global health authorities. But it's a very complicated vaccine, so the...

  • *Barclays 4th big European bank to change CEO this year. LONDON, July 9- Barclays has joined three other European banks in ousting its chief executive, a top-level clear out that has raised expectations of big changes at the banks and triggered an $8 billion jump in their market value. The new leadership at Standard Chartered, Credit Suisse and Deutsche Bank could...