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Europe Top News and Analysis Switzerland

  • *A deal could raise Rome proceeds of 120- 150 bln euros. MILAN, Oct 5- Switzerland says it wants good progress by the end of the year on an agreement to tax assets held by Italians in Swiss bank accounts but talk of a deal being done before Italian elections in the spring is premature.

  • *Danone keeps Vitasnella milk derivatives. *Mondelez makes over a third of sales in Europe. MILAN/ PARIS, Oct 5- Kraft Foods Europe, which is being integrated in spun-off snack giant Mondelez International, is buying Italy's Vitasnella snack business from French foods maker Danone for an undisclosed sum as part of its consolidation plans in Europe.

  • NEW YORK, Oct 4- Credit Suisse Group will lay off another 78 employees in the New York region by year-end, its fourth round of cuts for the area this year. A Credit Suisse spokesman declined to expand on the notice. Credit Suisse employed about 11,700 people in the Americas at the end of 2011..

  • SEOUL, Oct 5- Foreigners' net investment in South Korean bonds in September rose by the most since March due to a series of sovereign credit rating upgrades and expectations for additional monetary easing by the Bank of Korea, government data showed on Friday.

  • Oct 4- The trustee liquidating Lehman Brothers' U.S. brokerage has reached a settlement with its former derivatives unit that will reduce to $550 million an original claim of $6 billion, according to court documents.

  • By Claire Ruckin and Owen Sanderson. LONDON, Oct 4- Spain's Banco Santander is selling a loan portfolio of up to 2.5 billion euros to Bank of America Merrill Lynch, banking sources said on Thursday.

  • BERLIN-- Sportswear maker Adidas AG says it's looking into the possibility of setting up an industry fund to help workers in poor countries who are left with no income when suppliers' factories close. Clothing and sportswear companies have faced criticism from labor union groups and others over conditions at suppliers in developing countries.

  • *Spot prices mixed with Germany's down on more green power. FRANKFURT, Oct 4- Prices along Europe's power forward curve recovered on Thursday, led by oil's rise on Middle East concerns, which spilled over into related fuels, traders said. Germany's annual baseload contract for 2013.

  • FRANKFURT, Oct 4- BASF the world's largest chemicals maker, will cut costs at its construction chemicals unit and sell a Swiss business due to a decline in demand from Southern Europe and Britain, the company said on Thursday.

  • *UK gas network undersupplied by 12 mcm/day. LONDON, Oct 4- British prompt gas prices rose on Thursday after a power failure temporarily halted output from Norway's Kollsnes gas processing plant that feeds pipelines supplying the UK.

  • FRANKFURT, Oct 4- Swiss private bank Falcon said on Thursday it will buy boutique bank Clariden Leu Europe from Credit Suisse for an undisclosed price. Nearly one year ago, Zurich- based Credit Suisse began to integrate independently-run Clariden Leu, marking an end to a 250- year-old brand.

  • FRANKFURT, Oct 4- Swiss private bank Falcon said on Thursday it will buy boutique bank Clariden Leu Europe from Credit Suisse for an undisclosed price. Nearly one year ago, Zurich- based Credit Suisse began to integrate independently-run Clariden Leu, marking an end to a 250- year-old brand.

  • ROME, Oct 4- Three companies have expressed interest in the Italian smelter of U.S. aluminium group Alcoa, an Italian junior minister said on Thursday as the Italian government looks around for a buyer for the troubled plant. Alcoa has decided to shut its aluminium smelter in Sardinia, blaming high power prices for undermining its competitiveness.

  • Orders to the Swiss industry, an indicator of future industrial production, fell 1.1 percent in the second quarter, the Swiss Federal Statistics Office said on Thursday. Industrial production rose 4.6 percent against the previous year, while orders on hand rose 1.9 percent. For recent Swiss National Bank comments...

  • 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.