Europe Top News and Analysis Switzerland

More

  • ZURICH, June 28- Nestle's surprise appointment of former Fresenius chief Ulf Mark Schneider as its new CEO could trigger a series of acquisitions by the Swiss food giant to further its ambitions in nutrition and medical foods. "It is striking that Nestle hasn't gone for a CEO from the consumer goods sector," said Jean-Philippe Bertschy, an analyst at Bank Vontobel...

  • *Nestle appoints Fresenius' Schneider as new CEO. ZURICH, June 27- Nestle SA named Ulf Mark Schneider as its next chief executive in a surprise choice on Monday, as the Swiss food giant underlined a shift towards health and wellness by poaching the boss of German healthcare group Fresenius. Schneider will replace Nestle's long-standing CEO Paul Bulcke, whom the...

  • LONDON, June 27- European shares fell on Monday, weighed down by uncertainty over Britain's decision to leave the European Union, but the Madrid market rose after Spain's election. Britain's FTSE 100 fell 0.4 percent, after dropping 3.2 percent on Friday, the day following the referendum where Britain voted to quit the EU. Weekend elections delivered a hung...

  • Closing bank branches is politically sensitive, particularly in Europe, with a backlash in countries including France, Spain and Britain where opponents say remote areas or regions where people are less well off have been targeted. Lenders in Europe are already taking action. BIS figures in the report showed the number of bank branches per 100,000 adults in...

  • ZURICH, June 24- Switzerland's talks with Brussels on curbing immigration from the European Union have been complicated by Britain's vote to leave the bloc as EU officials focus on unravelling that relationship, President Johann Schneider-Ammann said on Friday. Neutral Switzerland has until February to implement a binding 2014 referendum demanding...

  • LONDON, June 24- Gold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, leaving investors to scurry for protection in the precious metal and other assets perceived as less risky. Spot gold peaked at $1,358.20 per ounce and was up 4.5 percent at $1,313 an ounce at 0958 GMT, while...

  • LONDON, June 23- The GAVI global vaccine alliance has offered funding of up to $27.5 million for pilot tests of GlaxoSmithKline's first-generation malaria vaccine, but only if other organizations promise to match that commitment. Evidence so far on the shot, developed by the British drugmaker with financial backing from the Bill& Melinda Gates Foundation, "...

  • If the U.K. voted to exit the EU, currency traders would likely dump the pound and send funds into the dollar, FX pros said.

  • FRANKFURT, June 21- Li Ka- shing, one of Asia's richest men, is backing the expansion of German mobile financial services firm Number26, a darling among Berlin's technology start-ups, which has ambitions to become a pan-European bank. Li's venture capital firm, Hong Kong- based Horizon Ventures Ltd, is leading the new financing, a $40 million investment round with...

  • ZURICH, June 21- Switzerland's watch industry exports fell nearly 10 percent in May as watchmakers struggle with the effects of last year's Islamist attacks in Europe and a prolonged slowdown in Asia. Hong Kong and China, two of the world's largest markets for luxury watches made by companies such as Swatch, Richemont and LVMH Moet Hennessy Louis Vuitton, have...

  • DHAKA, June 21- Bangladesh central bank officials will hold a meeting with the New York Federal Reserve next month to try and speed up efforts to recover $81 million stolen by hackers from its account at the Fed, officials in Dhaka said. Bangladesh Bank deputy governor Mohammad Razee Hassan, who heads its financial intelligence unit, will meet Fed officials in New...

  • It was the highest level contact between Israel and Turkey since diplomatic relations broke down six years ago after Israeli forces raided a Turkish ship bound for Gaza, killing 10 Turkish activists. That last item is a key driver of efforts to forge a rapprochement between Israel and Turkey: At stake are reserves of natural gas worth hundreds of billions of...

  • It was the highest level contact between Israel and Turkey since diplomatic relations broke down six years ago after Israeli forces raided a Turkish ship bound for Gaza, killing 10 Turkish activists. That last item is a key driver of efforts to forge a rapprochement between Israel and Turkey: At stake are reserves of natural gas worth hundreds of billions of...

  • It was the highest level contact between Israel and Turkey since diplomatic relations broke down six years ago after Israeli forces raided a Turkish ship bound for Gaza, killing 10 Turkish activists. That last item is a key driver of efforts to forge a rapprochement between Israel and Turkey: At stake are reserves of natural gas worth hundreds of billions of...

  • It was the highest level contact between Israel and Turkey since diplomatic relations broke down six years ago after Israeli forces raided a Turkish ship bound for Gaza, killing 10 Turkish activists. That last item is a key driver of efforts to forge a rapprochement between Israel and Turkey: At stake are reserves of natural gas worth hundreds of billions of...

  • It was the highest level contact between Israel and Turkey since diplomatic relations broke down six years ago after Israeli forces raided a Turkish ship bound for Gaza, killing 10 Turkish activists. That last item is a key driver of efforts to forge a rapprochement between Israel and Turkey: At stake are reserves of natural gas worth hundreds of billions of...

  • It was the highest level contact between Israel and Turkey since diplomatic relations broke down six years ago after Israeli forces raided a Turkish ship bound for Gaza, killing 10 Turkish activists. That last item is a key driver of efforts to forge a rapprochement between Israel and Turkey: At stake are reserves of natural gas worth hundreds of billions of...

  • It was the highest level contact between Israel and Turkey since diplomatic relations broke down six years ago after Israeli forces raided a Turkish ship bound for Gaza, killing 10 Turkish activists. That last item is a key driver of efforts to forge a rapprochement between Israel and Turkey: At stake are reserves of natural gas worth hundreds of billions of...

  • It was the highest level contact between Israel and Turkey since diplomatic relations broke down six years ago after Israeli forces raided a Turkish ship bound for Gaza, killing 10 Turkish activists. That last item is a key driver of efforts to forge a rapprochement between Israel and Turkey: At stake are reserves of natural gas worth hundreds of billions of...

  • HONG KONG/ SINGAPORE, June 17- A crackdown on money laundering by Asia's main private banking centers is forcing wealth managers to spend more on compliance procedures and may prove too onerous for smaller players, industry executives said. Regulators in Singapore and Hong Kong, Asia's biggest offshore wealth markets, have stepped up scrutiny of their wealth...