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Europe Top News and Analysis Switzerland

  • BERLIN-- Germany's leading economic research institutes have halved their prediction for the country's growth next year, saying the financial woes of other European nations continue to weigh heavily on the bloc's largest economy.

  • LONDON, Oct 11- British prompt gas prices eased on Thursday morning as the system was almost balanced and supplies from Norway were expected to improve by the end of the week, analysts said.

  • FRANKFURT, Oct 11- Germany's Siemens may outline job cuts and office closures on Thursday to stop profits sliding as customers put off ordering engineering equipment because of Europe's economic crisis.

  • FRANKFURT, Oct 11- Germany's Siemens may outline job cuts and office closures on Thursday to stop profits sliding as customers put off ordering engineering equipment because of Europe's economic crisis.

  • *Turkey, Syria fighting reinforces worry over Middle East supply. NEW YORK, Oct 11- Oil prices rose on Thursday as tensions between Syria and Turkey escalate and maintenance curbs on North Sea output continue.

  • The head of an internal UBS probe into "rogue trader" Kweku Adoboli, accused of losing the Swiss bank $2.3 billion, did not consider whether others at the bank might have been involved, a London court heard. said Pascal Boillat would take over as the new head of GF AgieCharmilles when Jean-Pierre Wilmes retires on Jan. 1, 2013.

  • *More wind electricity output in Germany, France. *Unions stopped E.ON' s French thermal power plants. ,while Germany's equivalent spot contract also fell 6.85 euros to 45.15 euros per MWh.

  • NEW YORK-- The McGraw-Hill Companies Inc. said Thursday that its Platts division is buying Swiss analytics firm Kingsman SA for an undisclosed price. Founded in 1990 and based in Lausanne, Switzerland, Kingsman employs analysts, researchers and report writers in several markets, including London, Montreal, New Delhi and Sao Paulo.

  • BRUSSELS, Oct 11- The European Union accused the United States on Thursday of ignoring a World Trade Organisation ruling to stop subsidies to planemaker Boeing and asked the Geneva- based body to investigate, prolonging the world's largest trade dispute.

  • KUALA LUMPUR, Oct 11- The global economic doldrums may have weighed on businesses around the world, but in Malaysia a luxury hand-crafted carmaker struggles to keep up with demand as orders pour in from China and the Middle East.

  • KUALA LUMPUR, Oct 11- The global economic doldrums may have weighed on businesses around the world, but in Malaysia a luxury hand-crafted carmaker struggles to keep up with demand as orders pour in from China and the Middle East.

  • Oct 10- Fitch Ratings has affirmed the Issuer Default Ratings of Bank of America Corporation. at' A/F1' and the Viability Rating at' bbb+'. Today's rating action on BAC was taken today in conjunction with Fitch's Global Trading and Universal Bank periodic review.

  • Oct 10- Fitch Ratings has affirmed UBS AG's. Long- and Short-term Issuer Default Ratings at' A' and' F1' respectively. The rating affirmations were taken in conjunction with Fitch's Global Trading and Universal Bank periodic review.

  • At the same time, Fitch affirmed the ratings of Credit Suisse's subsidiaries and holding company and of its issues. The rating actions on Credit Suisse have been taken in conjunction with Fitch's Global Trading and Universal Bank periodic review.

  • GENEVA/ PARIS, Oct 10- Authorities in Switzerland and France have arrested 20 people they say are linked to a multi-million dollar Moroccan drug smuggling network and have frozen accounts at several banks in Geneva, they said on Wednesday.

  • GENEVA, Oct 10- West African crude oil differentials paused on Wednesday after a sell-off earlier in the week as traders waited for the results of outstanding Asian tenders. But they said sales could improve in the next few session if India's Mangalore Refinery and Petrochemical Ltd.

  • PARIS-- French and Swiss prosecutors say they've dismantled a major drug trafficking and money laundering network, arresting 20 people on Wednesday, including employees of a finance company and major international bank.

  • *AMG/Permira plan to split up Robeco- sources. *Robeco could fetch more than 2 bln euros- sources. is weighing three offers for its asset management arm Robeco, facing a choice between bids to split the 2 billion euro- plus business or sell it in one piece, people familiar with the situation said.

  • *Dufry CEO says has contingency if Greece exits euro. ATHENS, Oct 10- Swiss retailer Dufry is to buy the duty-free operations of Greek rival Folli Follie, a rare vote of confidence in an economy deserted by other foreign companies concerned over its future in the euro.

  • The weeklong program of panel discussions, speakers and demonstrations, which opened Monday, was the brainchild of Groupon co-founder Brad Keywell, who regards Chicago Ideas Week as a startup, albeit one that will never be publicly traded on Wall Street. The Chicago- based entrepreneur was briefly a billionaire after Groupon Inc.' s IPO last year.