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Europe Top News and Analysis Switzerland

  • Protestors escape tear gas fired by policemen in Athens.

    Can a bailout fund whose backers include some of the countries it may be called upon to bail out really succeed? The NYT reports.

  • Greece

    European leaders on Thursday clinched a new rescue plan for Greece that could push the country into default on some debt but would also give Europe’s bailout fund new powers to aid struggling economies, the NY TImes reports

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    The chief executive and founder of Actelion, one of the world's biggest biotechnology companies, said the firm would stay independent despite pressure from activist shareholders.

  • Credit Suisse

    Swiss bank Credit Suisse said on Friday it is being probed by the U.S. Department of Justice as part of a broader investigation into banks suspected of helping Americans evade taxes.

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    Swiss drugs industry supplier Lonza is to buy U.S.-listed Arch Chemicals for some $1.2 billion, creating the world's largest player in the microbial control market, the groups said on Monday.

  • ZURICH, SWITZERLAND - MAY 10: International Monetary Fund Managing Director Dominique Strauss-Kahn leaves the Second Annual Conference of International Monetary Fund held at the Baur au Lac Hotel on May 10, 2011 in Zurich, Switzerland. The conference hosted by the Swiss National Bank (SNB) and the International Monetary Fund (IMF), brought together central bank governors and senior policymakers, to debat about the reform of the international monetary system with topics such as global liquidity p

    Little by little, the woman's credibility as a witness crumbled — she had lied about her immigration, about being gang raped in Guinea, about her experiences in her homeland and about her finances, officials told the NY Times.

  • ZURICH, SWITZERLAND - MAY 10: International Monetary Fund Managing Director Dominique Strauss-Kahn leaves the Second Annual Conference of International Monetary Fund held at the Baur au Lac Hotel on May 10, 2011 in Zurich, Switzerland. The conference hosted by the Swiss National Bank (SNB) and the International Monetary Fund (IMF), brought together central bank governors and senior policymakers, to debat about the reform of the international monetary system with topics such as global liquidity p

    The sexual assault case against Dominique Strauss-Kahn is on the verge of collapse as investigators have uncovered major holes in the credibility of the housekeeper who charged that he attacked her in his Manhattan hotel suite in May, according to two well-placed law enforcement officials. The NYT reports.

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    New capital requirements proposed by global regulators demanding that the biggest banks hold extra capital by 2019 will bring about a new recession, Rochdale's vice-president for equity research Dick Bove wrote in a weekend market note.

  • BASEL, SWITZERLAND - JUNE 14: A visitor pass the Jorinde Voigt, 308 Views, 2011 artwork on June 14, 2011 in Basel, Switzerland. 300 art galleries selected by the fair will display works by more than 2,500 artists to 60,000 art enthusiasts during this 42nd edition of Art Basel, the most prestigious art fair in the world, which runs until the 19th of June 2011. (Photo by Harold Cunningham/Getty Images)

    ArtBasel, to many the most prestigious modern- and contemporary art fair, opened its doors on June 15 for the 42nd time, hot on the heels of the Venice Biennale last week.

  • Euro coin in front of the giant symbol of the Euro outside the headquarters of the European Central Bank.

    For now, at least, investors seem to believe that the United States has enough shock absorbers to comfortably withstand a default by Greece, the New York Times reports.

  • Switzerland

    Market volatility and uncertainty in the euro zone are limiting the options for the Swiss National Bank (SNB), which held rates at the historic low of 0.25 percent Thursday, Chairman Philipp Hildebrand told CNBC.

  • Human resources consultant ECA International has drawn up its latest list of the world’s most expensive cities for expatriates. The survey looked at 400 cities and regions across the world, and measured a basket of common items in U.S. dollars terms, purchased by foreign workers including food, clothing and electrical goods.But the ranking excludes housing and school fees, because ECA says, those two items aren’t usually covered by companies in their cost of living adjustments (COLA). Some of th

    Human resources consultant ECA International has drawn up its latest list of the world’s most expensive cities for U.S. expatriates. Check out the list!

  • The former Greek Prime Minister, George Papandreou

    Bond traders and officials at the European Central Bank have been unified in their warnings that a restructuring of Greece’s debt would set off an investor panic similar to the one that followed the bankruptcy of Lehman Brothers, the New York Times reports. 

  • AIG

    Forget LinkedIn (for five minutes)... it's IPO Tuesday and we're not gonna mention the social network again on this page. Time to line up for the Russian Google, a Swiss commodities giant and America's toxic assets survivor. Here's what we're watching...

  • Given this type of market volatility, conventional wisdom would suggest this isn’t the best environment or time for a commodity company to raise capital through an initial public offering. Glencore though, doesn’t appear unduly concerned about the wild market moves.

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    Europe’s banking regulator will unveil the results of a third round of stress tests of its banks next month, but analysts have little hope that they will calm investors' nerves.

  • French Finance Minister Christine Lagarde is considered the top contender to replace Strauss-Kahn as IMF chief.

    The French finance minister, Christine Lagarde, was on a panel at the World Economic Forum in Davos this January when her usual smile turned into a frown. Next to her, Robert E. Diamond Jr., chief executive of Barclays and one of the most powerful bankers in the world, thanked regulators and finance ministers for their role in shaping a better environment after the financial crisis.

  • Switzerland

    The S&P 500 and MSCI emerging market index are both sitting on healthy gains since the start of the year but the Swiss SMI is range bound around 6,500 points. Why? One analyst believes it is all down to the weak dollar.

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    High energy prices, expensive air fares, natural disasters, security concerns, high unemployment and a weak dollar may all keep Americans at home. The question is whether it literally means their own home.

  • The Glencore logo seen in front of the Swiss commodities giant's headquarters in Baar.

    Swiss-based commodity trader Glencore is set to unveil the pricing of its mammoth $12 billion dual IPO in London and Hong Kong later this week, and in what will be be the biggest IPO of the year and the largest in the UK to date, its shares are expected to start regular trading on the London exchange on May 24 and in Hong Kong just one day later.