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  • GENEVA, April 15- The World Health Organization's expert group on immunisation said on Friday it recommended that countries consider introducing Sanofi's dengue vaccine Dengvaxia in areas where prevalence of the virus was 50 percent or higher. Vaccination should be done between the ages of nine and 11, but efficacy improved as people got older, Jon Abramson,...

  • GENEVA, April 15- The World Health Organization's expert group on immunisation said on Friday it recommended that countries consider introducing Sanofi's dengue vaccine Dengvaxia in areas where prevalence of the virus was 50 percent or higher. Vaccination should be done between the ages of nine and 11, but efficacy improved as people got older, Jon Abramson,...

  • WASHINGTON/ FRANKFURT, April 14- Central bankers usually worry about when to remove the punch bowl of cheap finance but when they gather in Washington, D.C. this week they will face a different problem: how to force the world to drink. A Chicago Federal Reserve Bank composite index of household, bank and corporate leverage has been below average for nearly four...

  • *Pricing hurt by deflation in Europe. LONDON, April 14- Consumer goods giant Unilever left its sales growth target unchanged on Thursday despite a strong first-quarter performance, saying it expects markets for packaged goods around the world to remain difficult this year. Unilever, the Anglo-Dutch maker of products ranging from Lipton tea to Dove soap, said it...

  • WASHINGTON/ FRANKFURT, April 14- Central bankers usually worry about when to remove the punch bowl of cheap finance but when they gather in Washington, D.C. this week they will face a different problem: how to force the world to drink. A Chicago Federal Reserve Bank composite index of household, bank and corporate leverage has been below average for nearly four...

  • The trail of breadcrumbs from a troubled 1MDB took another twist Tuesday when Swiss authorities said some of the money ended up in the movie business.

  • *State-backed fund aimed to help Italy's weaker banks. MILAN, April 12- Italy's two biggest banks UniCredit and Intesa Sanpaolo plan to put 1 billion euros each into a fund to shore up the country's banking sector, a move that put pressure on their shares on Tuesday. Italy's banks are struggling with 360 billion euros in bad loans, a third of the euro zone total, but...

  • MILAN, April 12- Italy's two biggest banks UniCredit and Intesa Sanpaolo plan to put 1 billion euros each into a fund to shore up the country's banks, a move that pushed their shares down more than 6 percent on Tuesday. Italy's banks are struggling with 360 billion euros in bad loans, a third of the euro zone total, but bank analysts say the government-orchestrated...

  • LONDON/ MILAN, April 12- European shares steadied in choppy trade on Tuesday, with gains among mining companies offset by weakness among Italian banks. "The problem with the Italian bank fund is that it is not big enough and it risks compromising the banks that are already in a much better shape," said Francois Savary, chief investment officer at Geneva- based...

  • LONDON, April 12- European shares edged higher on Tuesday, helped by gains among miners and banking stocks, but luxury good companies were among the worst performers after a disappointing update at LVMH. LVMH fell 2 percent after the luxury goods industry leader posted first-quarter sales below forecasts as tourist shopping in key markets such as France and...

  • LONDON, April 12- A downbeat first batch of corporate results prodded European stock markets lower on Tuesday while oil prices held above $40 ahead of a meeting of major producers to discuss freezing output. The mood among investors in Europe and the United States has been subdued in the run-up to the second quarter earnings season, and sales numbers from France-...

  • LONDON, April 12- European shares fell on Tuesday, with luxury good stocks among the worst performers after France's LVMH posted first quarter sales below forecasts. "LVMH's numbers were not that good, and the problem with the Italian bank fund is that it is not big enough and it risks compromising the banks that are already in a much better shape," said Francois...

  • *Geneva prosecutor opens criminal inquiry linked to Panama Papers. *Panama law firm Mossack Fonseca has bureaux in Zurich, Geneva. Four decades of documents from Panamanian law firm Mossack Fonseca, which specialises in setting up offshore companies and has offices in Zurich and Geneva, showed widespread use of those instruments by global banks and triggered...

  • NEW DELHI, April 7- India's IPCA Laboratories Ltd said on Thursday that the Global Fund to Fight AIDS, Tuberculosis and Malaria, would no longer buy the company's anti-malarial treatments after a U.S. regulatory warning about quality lapses at its factories. The Global Fund "will not allocate any volume of ACTs to the company and... will only source ACTs from other...

  • *Basel consults on amending leverage ratio. *Basel starts work on top up leverage ratio for big banks. LONDON, April 6- Banks that trade large numbers of derivatives may benefit from proposals by regulators unveiled on Wednesday that take a softer line on broad capital rules designed to bolster the finance industry's defences against market shocks.

  • *Basel consults on amending leverage ratio. *Basel starts work on top up leverage ratio for big banks. LONDON, April 6- Global regulators on Wednesday proposed softer capital requirements for banks that trade large numbers of financial derivatives in the latest sign of a more accommodative stance towards the finance industry.

  • PARIS, April 5- The chief executive of Air France-KLM, Alexandre de Juniac, is stepping down to run the airline industry's main trade group, the International Air Transport Association, it was announced on Tuesday. Air France-KLM said it would appoint head-hunters to find a replacement, adding that de Juniac would take up his new post in Geneva by August 1 at the...

  • *Shoppers cross border for cheaper prices in Germany, France. ZURICH, April 5- For much of its 125 years selling luxury goods, Switzerland's family-run emporium Bongenie Grieder has been the kind of place where affluent shoppers felt at ease and staff were confident they had a job for life. Items sold in Grieder such as Chloe skirts and Balenciaga bags became a...

  • HONG KONG, April 5- Credit Suisse Chief Executive Officer Tidjane Thiam said on Tuesday the Swiss bank has been "underweight" in China and would look to build its wealth management capabilities in the world's second-biggest economy, despite slowing growth. Thiam told a media briefing on the sidelines of the annual Credit Suisse Asian Investment Conference in...

  • ZURICH, April 4- On Jan. 19, Credit Suisse Chief Executive Tidjane Thiam contacted the head of the Swiss bank's markets business asking for more details about the fourth-quarter results at the trading division, according to materials seen by Reuters. Two-and-a-half months and nearly $1 billion in write-downs later, investors, analysts and former board members...