×

Europe Top News and Analysis Switzerland

  • The Reuters business schedule runs at the following times: 0230,0630 GMT- Mathew Veedon +65 6870-3827 0830,1230 GMT- Malcolm Davidson +44 20 7542 6958 1530,1930 GMT- Franklin Paul, Chris Kaufman +1 646 223 6200.

  • ZURICH, Oct 29- Shares of Swiss bank UBS were set to rise on Monday after media reported the bank was to cut up to 10,000 jobs as it contends with shrinking revenue and rising capital requirements.

  • ZURICH/ LONDON, Oct 28- A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their collections.

  • ATHENS, Greece-- Police have arrested the publisher of a magazine that printed what is it says is a list of more than 2,000 Greek depositors at an HSBC bank in Switzerland.

  • NEW YORK, Oct 26- Switzerland's biggest bank, UBS AG, is expected to cut up to 10,000 jobs, or 16 percent of its workforce, as it contends with shrinking revenue and rising capital requirements, a person familiar with the company said on F rid ay. The cuts would be among the biggest in banking history.

  • NEW YORK, Oct 26- UBS AG, Switzerland's biggest bank, is expected to cut up to 10,000 jobs across the company as it contends with shrinking revenue and rising capital requirements, a person familiar with the company said.

  • GENEVA/ PARIS, Oct 26- Switzerland's Maus Freres Group has agreed to buy an additional 30.3 percent stake in Lacoste SA, on top of the 35 percent it already holds and valuing the classic French sportswear maker at between 1.0 billion and 1.25 billion euros.

  • BERLIN-- Six European countries have ordered a temporary ban on the import or use of some Novartis flu vaccines. Austria, France, Germany, Italy, Spain and Switzerland have limited the use of Fluad or Aggripal, or both, after the company reported the appearance of small particles in the vaccine to Italian authorities.

  • VEVEY, Switzerland, Oct 26- It looks like mission control: in a Swiss market town, an array of screens in Nestle's headquarters tracks online sentiment. Other companies, such as PepsiCo, Danone and Unilever, have exploited the opportunities to promote themselves online.

  • BEIRUT/ GENEVA- Syria's army command announced a ceasefire on Thursday to mark the Muslim holiday of Eid al Adha but said it reserved the right to respond to any rebel attack or moves to reinforce President Bashar al-Assad's armed foes.

  • GENEVA, Oct 25- Nigerian oil exports in December are expected reach the highest level since May, pointing to a swift recovery of production after floods knocked out a fifth of the output in the top African producer.

  • BEIRUT/ GENEVA- Syria's army command announced a ceasefire on Thursday to mark the Muslim holiday of Eid al Adha but said it reserved the right to respond to any rebel attack or moves to reinforce President Bashar al-Assad's armed foes.

  • PROFIT DOWN: Credit Suisse Group, Switzerland's second-largest bank, reported net profit of 254 million Swiss francs, down 63 percent from a year ago. CUTS: The Zurich- based bank said it will boost cost cutting. It already had plans to cut 3 billion francs in costs and shed 7 percent of its workforce, or about 3,500 employees.

  • BERLIN-- German authorities ordered a recall Thursday of some batches of Novartis flu vaccine as a precautionary measure after the company reported the appearance of small particles in the manufacturing process. Italy's health ministry banned the sale of four Novartis flu drugs on Wednesday.

  • *Strong demand for cleaning, hair and skin products in China. LONDON, Oct 25- Unilever's quarterly sales growth beat forecasts as demand for cleaning and personal care products in China helped the consumer goods group outshine larger rival Nestle.

  • ZURICH, Oct 25- Credit Suisse will cut an extra 1 billion Swiss francs of costs, including axing more jobs, after its third-quarter net profit more than halved due to losses on the value of its own debt.

  • GENEVA-- Swiss pharmaceutical giant Novartis AG defended a range of flu drugs that have been banned in Italy, while posting virtually flat third quarter profits as new drugs offset patent expirations. On Wednesday, Italy's health ministry banned the sale of four Novartis flu drugs for possible side-effects.

  • GENEVA-- Swiss pharmaceutical giant Novartis AG posted flat third quarter profits as new drugs offset patent expirations.

  • GENEVA-- Credit Suisse Group said Thursday it would boost its cost-cutting program as it posted a 63 percent fall in third-quarter profit following an accounting charge on its debt. Shares in Credit Suisse rose 2.3 percent to 21.82 francs in early trading on the Zurich exchange.

  • GENEVA-- Swiss pharmaceutical giant Novartis AG has posted third-quarter profits virtually unchanged from the comparable period a year ago. The Basel- based company says it had profits of 2.48 billion Swiss francs between July and September, compared with $2.49 billion in the third quarter of 2011..