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Europe Top News and Analysis Switzerland

  • BRUSSELS, Oct 2- Europe's nuclear reactors need investment of 10- 25 billion euros, a draft European Commission report said, following a safety review designed to ensure a disaster like Japan's Fukushima cannot happen.

  • BRUSSELS, Oct 2- Europe's nuclear reactors need investment of 10- 25 billion euros, a draft European Commission report said, following a safety review designed to ensure a disaster like Japan's Fukushima cannot happen.

  • NEW YORK-- ArQule Inc. stock lost more than half its value in Tuesday trading after the company said it stopped a clinical trial of its cancer drug tivantinib because the therapy was not improving survival in lung cancer patients.

  • *Austria, Britain deals can come into force in January. ZURICH, Oct 2- Switzerland will not hold a November referendum on deals with Germany, Britain and Austria to tax secret bank accounts after opponents of the agreements failed to gather enough signatures to force a vote, the government said.

  • GENEVA-- Opponents of Switzerland's tax agreements with Germany, Austria and Britain have failed to gather enough signatures needed to hold three popular referendums that could have defeated the deals.

  • *Nearby prices down in Germany, France. France's day-ahead contract was 4.50 euros down on the day at 47 euros a megawatt hour. Germany's next working day, Oct. 4, traded 7.50 euros down from levels paid for Tuesday delivery to 42.40 euros.

  • GENEVA, Oct 2- The United Nations human rights office called on Tuesday for the immediate release of prominent activists and journalists it said had been arrested or intimidated as part of an apparent clampdown on critical voices ahead of next year's presidential election.

  • *Mondelez has $36 bln revenues, 100,000 employees. *Mondelez able to pass on commodity prices to consumers. ZURICH, Oct 2- Mondelez International Inc, which ranks as the world's biggest chocolate, candy and biscuit maker after being carved out of Kraft Foods Inc, is optimistic busy consumers will keep driving booming demand for snacks despite the downturn.

  • *Commission cannot force member states to apply recommendations. BRUSSELS, Oct 2- Europe's nuclear reactor fleet needs investment of 10 billion to 25 billion euros, a draft Commission report said, following a safety review designed to ensure there is never a repeat of the Fukushima nuclear disaster.

  • *Mondelez has $36 bln revenues, 100,000 employees. *Mondelez able to pass on commodity prices to consumers. ZURICH, Oct 2- Mondelez International Inc, which ranks as the world's biggest chocolate, candy and biscuit maker after being carved out of Kraft Foods Inc, is optimistic busy consumers will keep driving booming demand for snacks despite the downturn.

  • *UK gas system opens 30 mcm/d short. Britain's gas market opened over 30 million cubic metres undersupplied on Tuesday morning, according to data from National Grid. As a result of the undersupplied system and rising demand, gas prices for delivery the next day rose from 58.50 pence per therm on Monday morning to around 61 pence at 0830 GMT on Tuesday.

  • The rating incorporates our standard methodology for junior subordinated debt issues: We have rated the proposed bonds two notches below the long-term counterparty credit rating on the issuer, Swiss Life.

  • Lonza and U.S. biopharma company Celladon Corp announced an agreement, according to which Lonza will manufacture cGMP-grade MYDICAR enzymes for use in future clinical trials.

  • SYDNEY, October 02 Fitch Ratings says there will be no rating impact on Australian bank hybrid capital instruments from the Australian Prudential Regulation Authority's decision to remove the requirement for it to approve coupon payments that exceed after-tax earnings.

  • *Mondelez has $36 bln revenues, 100,000 employees. *Mondelez able to pass on commodity prices to consumers. ZURICH, Oct 2- Mondelez International Inc, which ranks as the world's biggest chocolate, candy and biscuit maker after being carved out of Kraft Foods Inc, is optimistic busy consumers will keep driving booming demand for snacks despite the downturn.

  • LONDON, Oct 1- A former colleague of accused UBS. But John Hughes, who worked closely with Adoboli on the Exchange Traded Funds desk in London, denied staging an elaborate "vanishing act" to ensure that only Adoboli would take the blame when losses mounted.

  • *New CEO, Robert Card, sees "a lot of potential growth areas". *La Presse reports SNC made "dubious payments" to win Montreal contract.

  • NEW YORK-- Shares of Transocean Ltd. rose Monday after a Brazilian judge said that the company will be allowed to continue to operate drilling rigs in most fields off the shores of Brazil.

  • *EU says Basel study lacks rigorous evidence. *Basel says Japan compliant overall with Basel III. *Basel says U.S. rules differ over securitisation.

  • *La Presse reports SNC made "dubious payments" to win Montreal contract.