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Europe Top News and Analysis Switzerland

  • By Emma Thomasson ZURICH, Oct 9- Swiss private bank Julius Baer. Baer said it planned a "significant reduction" of Bank of America positions not required after the merger as well as cuts to middle and back office functions of the melded group, reducing the combined staff of about 5,700 by 15-18 percent.

  • By Emma Thomasson ZURICH, Oct 9- Swiss private bank Julius Baer. Baer said it planned a "significant reduction" of Bank of America positions not required after the merger as well as cuts to middle and back office functions of the melded group, reducing the combined staff of about 5,700 by 15-18 percent.

  • ZURICH, Oct 9- Swiss private bank Julius Baer. will cut up to around 1,000 jobs as a result of its purchase of part of Bank of America Merrill Lynch's wealth management business.

  • ZURICH, Oct 9- Swiss fragrance and flavour maker Givaudan confirmed its mid-term goals on Tuesday as third-quarter sales came in at the high end of expectations, helped by a positive currency impact and growth in emerging markets.

  • ZURICH, Oct 9- Swiss private bank Julius Baer. Baer, which is presenting to analysts and investors details of the acquisition later in London later on Tuesday, also reported that its assets under management had risen to 184 billion Swiss francs at the end of August.

  • ZURICH, Oct 8- Swiss private bank Julius Baer. Baer, which is presenting to analysts and investors details of the acquisition later in London later on Tuesday, also reported that its assets under management had risen to 184 billion Swiss francs at the end of August.

  • ZURICH, Oct 9- The following are some of the main factors expected to affect Swiss stocks on Tuesday:. Swiss fragrance and flavour maker Givaudan confirmed its mid-term goals on Tuesday as third quarter sales came in at the high end of expectations, helped by a positive currency impact and growth in emerging markets. *Swiss bond auction announcement due at 0600 GMT.

  • ZURICH, Oct 9- The following are some of the main factors expected to affect Swiss stocks on Tuesday:. Swiss fragrance and flavour maker Givaudan is due to post third-quarter sales at 0500 GMT. *Swiss bond auction announcement due at 0600 GMT.

  • MOSCOW, Oct 9- Russia's top crude producer Rosneft said on Tuesday its powerful chief executive Igor Sechin met the co-owners of international oil trading house Gunvor to discuss trading issues, amid reports of a rift between Sechin and Gunvor's co-owner Gennady Timchenko.

  • *Conference to discuss rules in Dubai in December. GENEVA, Oct 8- The best solution to improving oversight of the Internet may be to do nothing at all, a senior U.S. official said on Monday while briefing reporters on a conference in December that could decide to consolidate control within a U.N. body.

  • By Pascale Denis and Astrid Wendlandt. PARIS, Oct 8- French group PPR plans to sell its declining Fnac music and book retailer, a source familiar with the matter said, to focus on its more profitable luxury and sports brands such as Gucci and Puma.

  • GENEVA, Oct 8- Libyan-owned energy group Tamoil said on Monday production at its Swiss Collombey refinery would resume on Tuesday after a two-and-a-half week planned halt for maintenance. The plant will reach its full capacity of 78,000 barrels per day on Oct. 20, the company said in an emailed statement.

  • BRUSSELS, Oct 8- The European Union accused the United States of breaching confidentiality surrounding the filing of economically sensitive documents on the funding of the Airbus A350 in the latest twist to a long-running aircraft subsidy dispute.

  • By Pascale Denis and Astrid Wendlandt. PARIS, Oct 8- France's PPR plans to sell its declining Fnac music and book retailer, a source familiar with the matter said, to focus on its more profitable luxury and sports brands such as Gucci and Puma.

  • *Austria, OMV say no talk of MOL exit from Nabucco. VIENNA, Oct 8- The partners in Azerbaijan's Shah Deniz II gas field are in talks to take a stake in the Nabucco consortium that is competing to build the first pipeline to deliver Azeri gas to Europe, Austria's economy and energy minister said on Monday.

  • ZURICH, Oct 8- Rifts among top UBS managers are hampering Chief Executive Sergio Ermotti's efforts to make big cutbacks, especially in investment banking, according to senior sources both inside and close to the bank.

  • *Plan could see Fnac spin-off or initial public offering. By Pascale Denis and Astrid Wendlandt. PARIS, Oct 8- France's PPR will exit its declining Fnac music and book retailer to focus on its more profitable luxury and sports brands, such as Gucci and Puma, a source familiar with the matter said on Monday.

  • *France very tight, Germany well supplied for short term. FRANKFURT, Oct 8- European prompt power prices diverged on Monday as French levels rose on tight nuclear supply and as Germany's fell on a better capacity outlook.

  • --On Oct. 5, 2012, Precision Capital and the Grand Duchy of Luxembourg finalized the acquisition of respectively 90% and 10% of Dexia S.A.' s stake in Banque Internationale a Luxembourg. --At the closing, BIL's common Tier 1 ratio amounted to 9% under Basel III following the EUR204 million capital injection from Dexia.

  • *CPI down 0.4 pct year/year, up 0.3 pct month/month. *Deflationary trend easing a year after SNB capped franc. ZURICH, Oct 8- Swiss consumer prices fell at a slightly slower pace in September, although there is little sign of inflationary pressure resuming, suggesting the central bank will maintain its currency cap to ward off deflation and the risk of recession.