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  • 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...

  • LONDON, April 4- Sterling bounced almost half a percent against the euro and dollar on Monday, with the conviction of some investors that June's Brexit referendum is reasonably priced in helping cool concerns over a record current account gap. Global investors worry that leaving the EU would threaten the huge foreign investment flows Britain needs to fund its...

  • *Russia says allegations are anti-Putin campaign. The documents detailed schemes involving an array of figures from friends of Russian President Vladimir Putin to relatives of the prime ministers of Britain, Iceland and Pakistan and as well as the president of Ukraine, journalists who received them said. Pakistan denied any wrongdoing by the family of Prime...

  • BRUSSELS, April 4- In early March, Europe's migration chief Dimitris Avramopoulos squelched through a muddy refugee camp on Greece's border with Macedonia and peered through the barbed-wire topped fence that stands between tens of thousands of migrants in Greece and richer countries that lie to the north. But Avramopoulos has not always preached that...

  • SYDNEY/ PANAMA CITY, April 4- Tax authorities in Australia and New Zealand are probing local clients of a Panama- based law firm at the center of a massive data leak for possible tax evasion. The leak involves more than 11.5 million documents from the files of law firm Mossack Fonseca, based in the tax haven of Panama, revealing details of hundreds of thousands of...

  • *GRAPHIC- Drug shortages in Europe http://tmsnrt.rs/22KmuI5. LONDON, April 1- Philip Aubrey buys medicines for British government-funded hospitals across London, capital of the world's fifth-largest economy, but last year he struggled to secure supplies of a basic AIDS drug. Shortages of essential drugs, mostly generic medicines whose patents have long...

  • ZURICH, March 31- The Swiss National Bank has room to drop interest rates further into negative territory from the 0.75 percent it charges on some deposits today, board member Andrea Maechler said on Thursday. "Monetary policy can do a lot-- and we have room to do more," Maechler said at an event in Zurich. The SNB is convinced its negative rates are adequate today,...

  • Finance ministers from the Group of 20 major economies agreed in February that remaining changes to Basel rules should not further significantly increase capital requirements on banks. Banks have said these remaining reforms constitute a "Basel IV," or step change in capital requirements compared with the Basel III accord agreed during the crisis, a...

  • *Russia selling off state assets to fill budget holes. MOSCOW, March 29- Swiss banks UBS and Credit Suisse are interested in advising the Russian government on several privatisations as long as the deals do not violate sanctions, three banking sources told Reuters. Bankers have previously told Reuters that Western investments banks with Russian operations...

  • *Army advances in western and northern city districts. BEIRUT, March 26- Syrian government forces advanced into Palmyra on Saturday with heavy support from Russian air strikes, taking control of several districts in a major assault against Islamic State fighters, Syrian state media and a monitoring group said. The recapture of Palmyra, which the Islamist group...

  • *Army advances in western and northern city districts. BEIRUT, March 26- Syrian government forces advanced into Palmyra on Saturday with heavy support from air strikes and artillery, state media and a monitoring group said, taking control of several districts in a major assault against Islamic State fighters. The recapture of Palmyra, which the Islamist group...

  • *Army advances in western and northern city districts. BEIRUT, March 26- Syrian government forces advanced into Palmyra on several fronts on Saturday with support from air strikes and artillery bombardment, state media and a monitoring group said, and live television showed waves of explosions inside the city. The Syrian Observatory for Human Rights...

  • *Basel maps out new curbs on how banks tot up risks. *Basel says changes won't significantly bump up capital. Basel said the proposed rules wouldn't significantly increase overall capital requirements, and stopped short of the complete ban on models some Basel members had wanted since the crisis.

  • ZURICH, March 24- Credit Suisse Chief Executive Tidjane Thiam received 18.9 million Swiss francs in cash and share awards from the Swiss bank in 2015 even after requesting a 40 percent bonus cut, according to its annual report. For 2015, he received 4.57 million francs in total pay, 2.86 million francs of which was in bonuses. Thiam's predecessor as chief...

  • *Basel maps out new curbs on how banks tot up risks. *Basel says changes won't significantly bump up capital. Basel said the proposed rules wouldn't significantly increase overall capital requirements, and stopped short of the complete ban on models some Basel members had wanted since the crisis.

  • AMSTERDAM/ ZURICH, March 23- The Dutch authorities got information on "hundreds" of their taxpayers' accounts at Swiss bank UBS before a court ruling in Switzerland this week put a hold on further disclosures, according to the Dutch finance ministry. The tax authorities in the Netherlands, stung by allegations that they had done too little to combat tax evasion,...

  • Gold bars

    Spot gold fell about two percent on Wednesday, one of its deepest declines of the past year.

  • AMSTERDAM/ ZURICH, March 23- The Dutch authorities got information on "thousands" of their taxpayers' accounts at Swiss bank UBS before a court ruling in Switzerland this week put a hold on further disclosures, according to the Dutch finance ministry. The tax authorities in the Netherlands, stung by allegations that they had done too little to combat tax evasion,...

  • *Shares up 2 pct by 1200 GMT. ZURICH, March 23- A slump in investment banking revenues prompted Credit Suisse on Wednesday to accelerate its restructuring plan and cut a further 800 million Swiss francs of costs. It will cut 2,000 jobs at the division, mostly in London and New York.