Europe Top News and Analysis Switzerland

  • ZURICH/ ABU DHABI, Sept 1- Switzerland's Falcon Private Bank has replaced Chief Executive Eduardo Leemann with board member Walter Berchtold, three sources familiar with the matter said on Thursday. Zurich- based Falcon, which is owned by Abu Dhabi's International Petroleum Investment Company, did not immediately respond to requests by phone and email for...

  • ZURICH/ ABU DHABI, Sept 1- Switzerland's Falcon Private Bank has replaced Chief Executive Eduardo Leemann with board member Walter Berchtold, three sources familiar with the matter said on Thursday. Zurich- based Falcon, which is owned by Abu Dhabi's International Petroleum Investment Company, did not immediately respond to requests by phone and email for...

  • WASHINGTON, Aug 30- The U.S. Food and Drug Administration on Tuesday approved Novartis AG's biosimilar version of Amgen Inc's arthritis drug Enbrel. The FDA approved the drug, Erelzi, known also as etanercept-szzs, for multiple inflammatory conditions including rheumatoid arthritis and plaque psoriasis, a skin condition. "We are committed to bringing Erelzi...

  • ZURICH, Aug 30- Switzerland's central bank now owns more publicly-traded shares in Facebook than Mark Zuckerberg, part of a mushrooming stock portfolio that is likely to grow yet further. Nevertheless this example illustrates how the Swiss National Bank has become a multi-billion-dollar equity investor due to its campaign to hold down the Swiss franc.

  • PARIS, Aug 30- An international agreement on climate change struck in Paris last year is still far from being implemented, French President Francois Hollande said on Tuesday, and he urged countries to ensure it was ratified by year-end. Global temperatures reached record highs for the 15th straight month in July, the National Oceanic and Atmospheric...

  • *Locally transmitted cases in Florida are mounting. Through last week, the United States reported 2,517 Zika cases, 29 of which were likely acquired locally in Florida through mosquito bites and the rest brought in by travelers, the U.S. Centers for Disease Control and Prevention said. With FDA approval, Roche's test now can be used to screen patients exhibiting...

  • PARIS, Aug 26- Italian luxury goods maker Prada predicted a return to sales and profit growth next year, partly helped by improved sales trends in China, after posting a 25 percent drop in first-half underlying earnings and net profit. The Prada group, which makes the bulk of its sales from the Prada brand, but also owns the Miu Miu, Church's and Car Shoe labels, said...

  • PARIS, Aug 26- Italian luxury goods maker Prada predicted a return to sales and profit growth next year after its first-half underlying earnings and net profit dropped by 25 percent, partly dragged down by weak demand in China and Italy. The group, which has been hit hard by the global luxury spending slump, said sales suffered in China and particularly in its home...

  • The group, which has been hit hard by the global luxury spending slump, said sales suffered in China and particularly in its home market Italy where net retail revenue dived 21 percent in the six months to June 30. Earnings before interest, tax, depreciation and amortization reached 330 million euros in the first half, down from 440 million euros in the year-ago...

  • LONDON, Aug 25- Financial technology groups from more than 20 cities across the world plan to form a federation of' fintech' hubs this year in what would be the first attempt to coordinate and globalize web-based innovation transforming the financial industry. Innotribe, the innovation arm of financial communications provider SWIFT, and Innovate Finance, the...

  • Switzerland is closely integrated with the EU: Expert

    Pawel Swidlicki, independent EU policy expert, comments on what the current negotiations between Switzerland and the European Union mean for the U.K.

  • GENEVA, Aug 23- A failure of euro zone government to enact badly needed fiscal and structural reform could force the European Central Bank to ease policy further to meet its inflation mandate, Executive Board member Benoit Coeure said on Tuesday. Growth is picking up and will continue to accelerate but the recovery is not as strong as the ECB would like and...

  • Market for Swiss watches has retreated: Strategist

    Antoine Lesne, head of SPDR ETF strategy at State Street Global Advisors, discusses the impact of Swiss watch sales on Switzerland's economy.

  • London's financial sector on edge

    The city has lost faith the UK will maintain full access to the European single market for goods and services.

  • LONDON, Aug 18- European shares rose on Thursday to break a four-day losing streak, boosted by dovish U.S. Wall Street rallied overnight, lifting Asian stocks, after the minutes from the latest Fed meeting showed policy committee members opposed to a near-term rate hike outnumbered those who wanted one. "When you get yourself on the back foot, it takes a while to...

  • OSLO, Aug 18- Scientists on Thursday set the outlines of a report on how to restrict global warming to a limit agreed last year by world leaders- even though the temperature threshold is at risk of being breached already. Thelma Krug, a Brazilian scientist who led the four-day meeting in Geneva, said it will also cast the fight against climate change as part of a wider...

  • LONDON, Aug 18- European shares rose on Thursday to break a losing streak this week, with gains in leading financials and industrial stocks helping to lift the market. This index is down about 7 percent so far this year, although it has recovered much of the ground lost in the immediate aftermath of June's shock "Brexit" vote for Britain to quit the European Union.

  • *VertuoLine goes to France, Dolce Gusto gets global advert. LONDON/ ZURICH/ CAPETOWN, Aug 17- Nestle is giving its instant coffee brand Nescafe and its Nespresso single-serve coffee a shot in the arm as fast-growing rivals with lean cost structures chip away at its global dominance. While its two megabrands still control nearly 23 percent of the $77 billion retail...

  • European economies dominated the ranks of the world's most innovative countries, but China was fast climbing the ladder, according to a study.

  • *Lonza to spend up to $300 million on health-supplements target. ZURICH, Aug 15- Swiss specialty chemicals and pharmaceutical ingredients company Lonza has announced a deal worth up to $300 million to buy InterHealth Nutraceuticals, a developer and manufacturer of nutritional ingredients used in dietary supplements. Lonza said the California company's...