Enter multiple symbols separated by commas

Europe Top News and Analysis Switzerland


  • Brazil to Oppose Vale-Xstrata Deal: Report Thursday, 24 Jan 2008 | 12:14 PM ET

    Brazil's government opposes a plan by mining giant Vale to buy Swiss-based rival Xstrata, a senior official said Thursday, pouring cold water on a deal that analysts said could top $100 billion in one of the biggest mergers ever.

  • Rumors of a Google Clone Army Exaggerated Thursday, 24 Jan 2008 | 10:42 AM ET

    There are whispers at the World Economic Forum that the search engine company is taking DNA samples at Davos' premier hotel.

  • Afghanistan: Courting Capital in a Hot Spot Thursday, 24 Jan 2008 | 8:14 AM ET

    The threats of terrorism and the reliance on the drug trade loom over Afghanistan daily, but as development of basic infrastructure progresses, Finance Minister Anwar ul-Haq Ahady says the government is hoping to lure investment in its natural resources.

  • Writedowns, Part Deux Thursday, 24 Jan 2008 | 6:04 AM ET

    A rolling of eyes and Gallic shrugs worthy of any Frenchman. That was the response on the ground in Davos as the news of Socgen's trading loss and sub-prime writedown unfolded.

  • Societe Generale: Talk of the Town Thursday, 24 Jan 2008 | 5:36 AM ET

    When attendees from a sovereign wealth fund panel in Davos emerged, it wasn't about this topic, until yesterday so hot, that they spoke. Instead, they focused on the woes on Societe Generale, which reported this morning that a fraud by a trader would cost the group 4.9 billion euros ($7.16 billion).

  • Investor Takeaway From Davos Wednesday, 23 Jan 2008 | 2:00 PM ET

    The key to getting any real value out of the meeting is to look past the press releases, the pronouncements, the heart-tugging speeches, and the lofty, almost new age promises of the event's themes. The best takeaway may be to try and figure out those areas where participants seem to be in strong agreement, and then position portfolios for the opposite.

  • Lloyd Blankfein

    While a panel discusses the interdependence of world economies and a lesser reliance on the U.S. consumer to drive growth, the financial and investing gurus in the hall watch stocks tumble on the prospect of a U.S. recession.

  • Decoupling, Doom & Gloom And Dialectics at Davos Wednesday, 23 Jan 2008 | 11:11 AM ET

    While a panel discusses the interdependence of world economies and a lesser reliance on the U.S. consumer to drive growth, the financial and investing gurus in the hall watch stocks tumble on the prospect of a U.S. recession.

  • Heard In Davos: Nailing the Problem of A U.S. Recession Wednesday, 23 Jan 2008 | 7:22 AM ET

    Economic slowdown and market disruption is the talk of Davos, in official forums, on camera and informal chats in halls and shuttle vans. Other issues like the environment and health are taking a back seat.

  • Richemont Sales Rise 8%, Miss Forecast Wednesday, 23 Jan 2008 | 4:07 AM ET

    Richemont, the world's second-largest luxury goods group, narrowly missed forecasts on Wednesday with an 8 percent rise in third-quarter sales, and said demand "slowed somewhat" in Japan and the United States in December.

  • On Recession Watching And Fed Watchers Tuesday, 22 Jan 2008 | 4:02 PM ET

    How avoiding a US recession may be a slippery slope, what a PricewatershouseCoopers survey says about CEO confidence and why one economist expects to be in big demand at Davos this year.

  • Looking for Meaning in the Davos Theme Tuesday, 22 Jan 2008 | 11:50 AM ET

    The World Economic Forum's annual meeting always has a grand theme, but last year's topic of a shifting power equation could serve just as well this year as China's representation increases. Now the question is whether the U.S. still calls the tune when it comes to economic direction.

  • Being Seen and Heard in Davos The Digital Way Tuesday, 22 Jan 2008 | 11:48 AM ET

    Without a doubt, CNBC's coverage will be comprehensive. We'll be interviewing -- among many others -- attendees such as Henry Kissinger, Cerberus Chairman John Snow, Merrill Lynch CEO John Thain, BT CEO Ben Verwaayen, Barclays President Bob Diamond and US Secretary of State Condoleezza Rice. But if time runs short and one of our anchors follows up with a question when the cameras have stoped rolling, or a reporter gets the inside word on a big deal, they'll be blogging about it here.

  • Big Ideas, Free Thinkers Drive Debate Tuesday, 22 Jan 2008 | 11:39 AM ET

    Davos sometimes gets dismissed as a talking shop which achieves few concrete results, but that is a misunderstanding of the event, usually spoken by people who have never attended.Davos' greatest coup is in gathering together individuals who have the ability to make meaningful decisions –- and then encouraging them to think freely and discuss their fears and hopes.

  • Barry Callebaut Sales Rise 22%, Sees Tough Year Tuesday, 22 Jan 2008 | 3:58 AM ET

    Barry Callebaut, the world's largest chocolate maker, posted a forecast-beating 22 percent rise in first-quarter sales on Tuesday, but warned margins could face pressure due to high raw material prices.

  • Roche Wins Ventana with Raised $3.4 Billion Bid Tuesday, 22 Jan 2008 | 3:31 AM ET

    Roche Holding has overcome Ventana's resistance to its takeover bid by raising its price, acquiring the diagnostics maker for $3.4 billion to boost its cancer testing business.

  • UBS to Revamp Investment Bank, Start Workout Fund Friday, 18 Jan 2008 | 6:43 AM ET

    UBS, the biggest European casualty of the U.S. subprime crisis, said it was shrinking its investment banking business, cutting staff and drastically downscaling its exposure to risky investments.

  • Novartis Boosts Shareholder Return as Profit Sinks Thursday, 17 Jan 2008 | 12:11 PM ET

    Swiss drug maker Novartis said Thursday its fourth-quarter profit fell sharply, mainly due to restructuring costs, but that it would increase returns to shareholders with a new buyback program and an increase to its dividend.

  • Sulzer Predicts Slower Growth in 2008 Tuesday, 15 Jan 2008 | 3:56 AM ET

    Swiss engineering group Sulzer posted a 24 percent rise in full-year order intake on Tuesday, boosted by demand in the oil and gas sector, but said the growth rate was likely to slow in 2008.

  • UBS, struck with billions of dollars of writedowns on subprime exposures, is trying to persuade investment bankers to stay with the company by allowing them to sell some of their share-based bonuses after just one year, the Financial Times reported.