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Europe Top News and Analysis Switzerland

  • Oct 12- Coca-Cola Hellenic's decision to relocate from Greece to Switzerland, and the recent relocation by fellow Greek corporate FAGE, are limited precedents for other eurozone corporates for now, despite incentives to reduce share price discounts or protect against the risk of a full-blown sovereign crisis, Fitch Ratings says.

  • LONDON, Oct 11- British prompt gas prices fell on Friday morning as warmer weather weighed on demand and Norway boosted deliveries to the UK following maintenance-related supply interruptions earlier this week.

  • MOSCOW, Oct 12- Gazprombank, Russia's No. 3 lender by assets, has mandated banks to hold meetings with investors as it eyes a possible subordinated perpetual Eurobond offering, IFR and a banking source said on Friday.

  • is in talks to buy a significant stake in Sprint Nextel Corp, the ailing U.S. wireless carrier said. A deal would offer a multibillion-dollar lifeline that could help Sprint finance future mergers of its own and better compete with its much bigger and richer rivals.

  • ZURICH, Oct 12- Swiss drugmaker Novartis. said on Friday its multiple sclerosis drug Gilenya showed "significant early effect" in reducing brain volume loss at six months, according to a new analysis of two late-stage studies.

  • ZURICH, Oct 12- Swiss stocks were expected to open slightly lower on Friday, in line with other European bourses as uncertainty about Spain's debt crisis and earnings season gloom kept a lid on risk appetite. posted first-half sales of 69 million Swiss francs and said it had been adversely affected by lower demand in Spain and Italy.

  • LONDON, Oct 12- Russian oil firm TNK-BP will likely award its 2013 crude sale tender to six oil companies and trading houses, up from three last year, effectively diluting the influence a buyer can have on prices, trading sources said on Friday.

  • 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.

  • *U.S. said in September it had removed subsidies to Boeing. 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 Co and asked the Geneva- based body to investigate, prolonging the world's largest trade dispute.

  • *Greece's biggest company CCH quits for Switzerland. that it was switching its primary listing from Athens to London and moving its corporate base to stable, low-tax Switzerland is a bitter blow to the debt-crippled nation.

  • *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, reinforcing concerns about risks to the region's supply, and maintenance curbs on North Sea output continue.

  • *Plans to maintain plants in Greece but most activity abroad. ATHENS, Oct 11- Greece's biggest company, Coca Cola Hellenic, is leaving the country, the drinks bottler said on Thursday as its move to Switzerland and a London listing for its shares dealt a blow to the crippled Greek economy.

  • By Catherine Bosley and Steve Slater. ZURICH/ LONDON, Oct 11- Nationally important banks will need to hold extra capital from 2016 to cushion the impact on their domestic economies if they hit trouble, but the global banking watchdog will leave it up to national regulators to say how much more.

  • ZURICH, Oct 11- How much capital domestically important banks will be required to hold as of 2016 will be left up to national regulators, the deputy secretary general of the Basel Committee on Banking Supervision said. "The level will be up to the supervisors," Bill Coen told Reuters. " The minimum ought to be the Basel minimum. "

  • *Greece's biggest company, bottler CCH, quits for Switzerland. ATHENS, Oct 11- Greece's jobless rate topped 25 percent and its biggest company said it would quit the country on Thursday in a fresh blow to an economy that German experts warned cannot be "saved" without writing off more debt.

  • *Turkey, Syria fighting stokes concern over Mideast supply. LONDON, Oct 11- Brent crude oil reached its highest in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

  • ZURICH, Oct 11- Leading drugmakers will help set up psychological centres for victims of child sex abuse in an effort to counter the long-term health problems suffered by victims.

  • ZURICH, Oct 11- The Basel Committee on Banking Supervision on Thursday published a regulatory framework for domestically important banks, saying the failure of such a bank could greatly impact a country's economy and financial system. The move following rules on globally important banks issued last November.

  • New U.S. shale provinces are now pumping more than a million barrels per day and the hydrocarbons produced are similar to top quality grades produced in Africa, such as Nigerian benchmark grade Bonny Light.

  • BERLIN-- Europe's economic outlook darkened further Thursday when top economists slashed their growth forecasts for Germany and warned that public support for more financial aid to struggling countries was evaporating.