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Europe Top News and Analysis Switzerland

  • SALES JUMP: Powered by demand for its cancer drugs, Swiss drugmaker Roche on Tuesday reported a 7 percent increase in sales of its pharmaceutical products for the first nine months of 2012..

  • RICHMOND, Va.-- Cigarette maker Philip Morris International Inc., which sells Marlboro and other brands abroad, expects a slowdown in the third quarter as it laps large cigarette volume gains last year. Philip Morris International has compensated for consumers buying fewer, or cheaper, cigarettes _ and for the weak economy _ by cutting costs and raising prices.

  • GENEVA-- Switzerland has blocked almost 1 billion Swiss francs linked to rulers in four Arab Spring nations, a senior government official said Tuesday.

  • Shares in Roche Holding AG rose 0.38 percent to close at 184.60 francs on the Zurich exchange Tuesday. In a conference call with reporters, he declined to answer questions about whether Roche might reconsider its failed hostile bid of about $6.5 billion to acquire U.S. diagnostics firm Illumina Inc..

  • GENEVA-- Swiss drugmaker Roche Holding AG on Tuesday reported a 7 percent increase in sales of its pharmaceutical products for the first nine months of 2012, powered by demand for its cancer drugs.

  • Spain May Pay Price for Delaying Aid Request

    Spanish Prime Minister  Mariano Rajoy has deferred seeking help from a financial assistance program that Europe has tailored to Spain’s needs. But many are increasingly worried about the costs of further delay.

  • BERLIN-- There were cheers around Germany when Chancellor Angela Merkel announced last year, in the wake of the Fukushima disaster in Japan, a swift end to nuclear power in favor of renewable energy sources like wind and solar.

  • LJUBLJANA, Slovenia-- Andrej Plut has always thought he was fortunate to live in Slovenia, at one time the most prosperous of the former republics of Yugoslavia and a star among the eastern European states that joined the EU after the fall of communism.

  • Swiss Prepare Army for Euro Zone Fallout

    With anti-austerity protests across Europe resulting in civil unrest, Switzerland is taking unusual precautions to prepare its army for a refugee crisis or the possibility of protests at home created by a financial crisis.

  • At the same time, we assigned our' A-2' commercial paper rating to Pentair's subsidiary Pentair Finance S.A.' s proposed $1.45 billion CP program. Pentair was formed when Pentair Inc. merged with Tyco International Ltd.' s flow control business. --Pentair Inc. Ratings Raised, Withdrawn After Merger; Pentair Ltd. Assigned' BBB' Rating, Outlook Stable, Sept. 28, 2012.

  • NEW YORK, Oct 12- The New York- traded shares of Coca Cola Hellenic rose sharply on Friday, a day after the bottling company said it was leaving Greece, making the shares a standout in an otherwise flat market. The BNY Mellon index of leading American depositary receipts.

  • GENEVA, Oct 12- West African crude oil differentials were assessed slightly lower on Friday as traders reported slow sales for the remaining November cargoes due partly to Chinese refinery outages.

  • *Stocks' bull run expected to continue. NAIROBI, Oct 12- The Kenyan shilling. At the 1300 GMT market close, commercial banks quoted the shilling at 85.00/ 20 to the dollar, slightly firmer than Thursday's close of 85.10/ 30..

  • In France, workers at E.ON coal-fired plants were striking again on Friday, having started selected actions on Monday in a dispute over site closures and job losses. Monday baseload in France was up by 12.25 euros at 58.50 euros a megawatt hour.

  • GENEVA-- Apple Inc. has struck a deal with Switzerland's national rail company to license the use of its iconic station clocks for the iOS 6 operating system, which is used by iPhone and iPad mobile devices.

  • LONDON, Oct 12- Oil fell towards $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.

  • ZURICH, Oct 12- Apple, sensitive about protecting its own designs, has struck a deal to use Swiss railway operator SBB's trademark station clock design on iPads and iPhones.

  • ATHENS, Greece-- Greece is inching towards an agreement with its international debt inspectors as they struggle to hammer out the details of 13.5 billion in austerity measures for the next two years, a package essential for Greece to receive the next installment of its vital bailout funds.

  • ZURICH, Oct 12- Liechtenstein- based VP Bank's. Asia head Ian Pollock left last month and won't be replaced, the private bank said on Friday, part of a shake-up of its business in the region.

  • *Turkey- Syria tensions, lower N.Sea output support. LONDON, Oct 12- Oil fell towards $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.