Europe Top News and Analysis Switzerland

  • ZURICH, Oct 4- Swiss stocks were poised to open the session a tad higher on Thursday, in line with other European exchanges ahead of fresh U.S. economic data and a European Central Bank policy meeting later in the day.

  • SINGAPORE, Oct 3- Danish oil and shipping group A.P. Moller Maersk says it will talk to Vitol to determine whether one of its tankers was used by the trading house to ship Iranian fuel oil. The cargo was transferred aboard the Danish tanker from Vitol's floating storage off Malaysia, the document shows, and shipped to storage in Singapore.

  • --We are affirming our' A-' long-term and' A-2' short-term corporate ratings on Tyco and wholly owned finance subsidiary Tyco International Finance S.A.. Rating Action On Oct. 3, 2012, Standard& Poor's Ratings Services affirmed its' A-' long-term and' A-2' short-term corporate ratings on Tyco and wholly owned finance subsidiary Tyco International Finance S.A..

  • By Huw Jones and Steve Slater. LONDON, Oct 3- The European Union's banking watchdog is sticking to a capital target for banks to help shield them from the euro zone debt crisis, saying lenders that fall short won't be able to pay dividends or big bonuses.

  • By Huw Jones and Steve Slater. LONDON, Oct 3- The European Union's banking watchdog is sticking to a target for banks to raise more capital to help shield them from the euro zone debt crisis, despite pressure to ease it.

  • BALTIMORE-- Johns Hopkins University says it will lead an international team of researchers studying how to improve wind farm design. The university said Tuesday that the National Science Foundation has awarded $6 million in grants to help fund the work.

  • Oct 03- Fitch Ratings says that Switzerland- based Iberian Minerals Corp's' B' Long-term Issuer Default Rating with a Stable Outlook is unaffected by the issuer not proceeding with the planned USD200m bond issuance, as such, the expected rating assigned to the planned USD200m bond has been withdrawn.

  • SINGAPORE, Oct 3- Danish oil and shipping group A.P. Moller Maersk says it will talk to Vitol to determine whether one of its tankers was used by the trading house to ship Iranian fuel oil. The cargo was transferred aboard the Danish tanker from Vitol's floating storage off Malaysia, the document shows, and shipped to storage in Singapore.

  • LONDON, Oct 3- British prompt gas prices rose to a one-week high on Wednesday as a drop in flows from liquefied natural gas terminals and low imports from the Netherlands and Norway left the market undersupplied. Gas for within-day delivery rose 1.20 pence to 61.70 pence per therm at 1014 GMT, the highest since Sept. 26, while day-ahead gas.

  • "There will be some pressure on banks in the short term due to the unexpected recommendations for real estate credit portfolios," Banco Espirito Santo say in a note to clients. It downgrades Deutsche Bank to "sell", whose shares are up 1.3 percent, albeit in light volumes of trading due to a public holiday in Germany.

  • ZURICH, Oct 3- Swiss engineering group ABB. said on Wednesday it has won an order worth around $115 million from Saudi Electricity Company to improve the reliability of the transmission grid that feeds major Saudi railway interconnections.

  • MADRID, Oct 3- Spain's corporate tax take has tumbled by almost two thirds from pre-crisis levels as small businesses fail and a growing number of big corporations seek profits abroad to compensate for the prolonged downturn at home.

  • ZURICH, Oct 3- Swiss stocks were set to open slightly weaker on Wednesday as gloomy economic data from China and uncertainty over the Spanish debt crisis were somewhat offset by continuing underlying monetary support from central banks around the world.

  • ZURICH, Oct 3- Swatch Group SA, the world's largest watchmaker, intends to keep production in Switzerland despite the strength of the franc, its chief executive was quoted as saying. "We want to keep the companies, the jobs and the production in Switzerland," Swatch Group CEO Nick Hayek was quoted saying in a preview of Thursday's edition of Handelszeitung. "

  • *Germany's Cal 13 falls to three-month low on data. Germany's benchmark electricity contract for 2013 delivery hit a three-month low on the back of lower oil prices and gloomy macro-economic data. Germany's baseload contract for Thursday delivery rose 2.13 euros to 44.5 euros per megawatt hour.

  • OBERHOFEN, Switzerland-- The International Ski Federation says organizers have cancelled a Snowboard World Cup scheduled at Stockholm on Nov. 17 "due to economical reasons." Snowboarders start earning points at World Cups this season to qualify for the Sochi Winter Olympics in February 2014.

  • By Sarah N. Lynch and Alexandra Alper. WASHINGTON, Oct 2- Two Senate Republicans on Tuesday slammed Treasury Secretary Timothy Geithner for failing to wean U.S. firms off a key British benchmark interest rate that he knew was being rigged, resulting, the lawmakers said, in costly litigation that hurts American taxpayers.

  • LONDON, Oct 3- The price paid by wealth managers to buy up assets from rivals has halved in the last two years, showing that in a rush to buy market share, buyers can drive harder bargains, research has found.

  • By Sarah N. Lynch and Alexandra Alper. WASHINGTON, Oct 2- Two Senate Republicans on Tuesday slammed Treasury Secretary Timothy Geithner for failing to wean U.S. firms off a key British benchmark interest rate that he knew was being rigged, resulting, the lawmakers said, in costly litigation that hurts American taxpayers.

  • Grassley's letter comes as the Justice Department, Commodity Futures Trading Commission and the United Kingdom's Financial Services Authority continue to probe whether banks colluded to manipulate the London interbank offered rate, which underpins trillion of dollars in contracts and loans-- from U.S. mortgages to Japanese interest-rate swaps.