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Europe Top News and Analysis Switzerland

  • *Q3 net loss of 2.172 bln Sfr vs Reuters poll 457 mln Sfr. The move will focus the Zurich- based lender and wealth manager around its private bank and a smaller investment bank, ditching much of the trading business that saw it lose $50 billion in the financial crisis and one suspected rogue trader lose $2.3 billion last year.

  • ZURICH, Oct 30- UBS is expected to reveal plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, with shareholders cheering one of the biggest bonfires of finance jobs since the implosion of Lehman Brothers in 2008..

  • MADRID/ ROME, Oct 29- Spanish Prime Minister Mariano Rajoy kept financial markets guessing on Monday over whether he will seek a credit line from the euro zone's rescue fund but said he would do so ``when I think it is in the interests of Spain''.

  • NEW YORK- Hurricane Sandy, the monster storm bearing down on the U.S. East Coast, strengthens after hundreds of thousands move to higher ground, public transport shuts down and the U.S. stock market suffers its first weather-related closure in 27 years (STORM-SANDY/ moved, pix, tv, graphic, by Daniel Trotta, 910 words). Politics puts Italy, Spain back in market focus.

  • 1530,1930 GMT- Franklin Paul, Chris Kaufman +1 646 223 6200.

  • ZURICH/ LONDON, Oct 29- Shares in UBS soared on Monday after media reports the Swiss bank would announce up to 10,000 job cuts as it takes the knife to its investment banking operations, particularly its fixed income business.

  • LONDON, Oct 29- Global consumer confidence edged higher in the third quarter, underpinned by an improvement in the United States, although uncertainty about the economy continued to cap spending, a survey showed. Sixty two percent of global consumers said they believed their national economies were in recession, up from 57 percent in the previous quarter, according to the survey by global information company Nielsen, released on Monday.

  • 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.