Europe Top News and Analysis Switzerland

  • *Burundi praised on reforms, seeks more donor support. BUJUMBURA, Nov 4- The central African nation of Burundi may be winning plaudits for its economic reforms and relative peace after nearly two decades of civil war, but shopowners like Niyonzima Alimasi have little to cheer.

  • MEXICO CITY, Nov 4- Countries may face sanctions if they fail to implement new rules aimed at safeguarding the global banking system from another financial crisis, a senior Mexican finance official said.

  • LONDON/ FRANKFURT, Nov 2- European banks will dominate the group of lenders required to hold extra capital to protect the global financial system, despite moves to shrink their businesses in response to the region's debt crisis. Eight are from the United States, and four are from Asia.

  • *Stocks build in Europe as refinery maintenance ends. Middle distillates inventories, which include heating oil, diesel and jet, had been running at multi-year lows in both the United States and Europe- threatening to ramp up heating bills for households in the event of an early cold snap.

  • By Radu Marinas and Sam Cage and Justyna Pawlak and Raissa Kasolowsky. BUCHAREST/ BRUSSELS/ DUBAI, Nov 2- Two months into anti-government protests in Syria last year, as the military crackdown grew more vicious, the European Union and United States introduced sanctions against President Bashar al-Assad, his security chiefs and members of his family.

  • MEXICO CITY, Nov 1- World finance chiefs this weekend will press the United States on how it can prevent its fiscal problems from hitting the global economy and will seek reassurance from Europe that it has a grip on its debt crisis.

  • Nov 1- Engineering company Foster Wheeler AG is moving its corporate headquarters for the second time in three years, this time from Geneva to a city just outside London. According to a letter amending the contract of Chief Executive Kent Masters, the date of the company's headquarters move from Switzerland to Reading, England, is March 1, 2013.

  • Nov 1- Estée Lauder Cos Inc scaled back the top end of its full-year forecast for sales Thursday amid uncertainty in some key markets, and said it expects poor demand in Europe to persist. While sales growth was strong in the United States and China, Europe was a drag in the last quarter, with France, Spain, Russia and Switzerland showing declines.

  • LONDON, Nov 1- After several false starts, Barclays is optimistic it can sell a debt instrument that bolsters capital at times of trouble and could clear a path for European rivals to follow. ``I have no doubt that Barclays can get one away- because there are lots of sovereign wealth funds and hedge funds who will love this.

  • Growing numbers of accountants, banks and consultants are signing lengthy office leases in Luxembourg and the Channel Islands as they flock to serve customers seeking the legal ways to cut their tax bills offered by having a offshore base.

  • Growing numbers of accountants, banks and consultants are signing lengthy office leases in Luxembourg and the Channel Islands as they flock to serve customers seeking the legal ways to cut their tax bills offered by having a offshore base.

  • Nov 1- Pentair Ltd reported a higher-than-expected profit on Thursday in a report that does not yet include results from the Tyco International flow control business, which merged with the company last month.

  • *EU Commission says consulting widely on issue. PARIS, Oct 31- Perfume-makers are urging the European Commission to back down from possible legislation they fear could kill top fragrances by restricting natural ingredients linked to allergies, industry sources say.

  • *Say own tests, Novartis data show flu vaccines safe. ZURICH, Oct 31- Canadian and Swiss health authorities lifted a ban on Novartis's flu vaccines on Wednesday after the drugmaker showed they posed no risk to safety.

  • The government said on Wednesday it had granted permission for the finance department to add eight new staff to a group created in 2011, after Switzerland promised to relax its traditional bank secrecy and do more to help stop tax evasion.

  • *Appeal aimed at G20 meeting in Mexico this week. GENEVA, Oct 31- The world's leading economies must revitalise both global trade and investment in developing countries to counter a new slowdown in economic growth, three key international organisations said on Wednesday.

  • GENEVA, Oct 31- The world's leading economies must try harder to keep their markets open to counter slowing global growth, international agencies said on Wednesday.

  • GENEVA, Oct 31- The Group of 20 leading economies must redouble efforts to keep their markets open to spur global economic growth and restore certainty, international agencies said on Wednesday.

  • LONDON, Oct 31- Hong Kong was named the world's top financial centre for the second year running by the World Economic Forum, thanks to the strength of its business environment, infrastructure and a favourable tax regime. The United States, Britain, Singapore, Australia and Canada followed Hong Kong in the 2012 rankings.

  • Clariant Reduces Full-Year Sales Forecast

    Patrick Jany, CFO at Clariant, explains to CNBC why the company cut its sales forecast for the full year, citing 'further softening' in Europe as the major reason.