Europe Top News and Analysis Switzerland

  • GENEVA, Nov 12- India has paid out far more in cotton subsidies than is allowed by the World Trade Organization, with actual payments "vastly in excess" of what it had officially declared, the United States said in a filing to the Geneva- based trade watchdog on Monday.

  • **FRANKFURT- Speech by DaniEele Nouy, the head of ECB's supervisory board, at the Communicators Conference in Frankfurt, Germany- 0900 GMT. LONDON- Sam Woods, Bank of England Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority, to moderate a panel at Chatham House Conference on The Future of London as a...

  • **FRANKFURT- Speech by DaniEele Nouy, the head of ECB's supervisory board, at the Communicators Conference in Frankfurt, Germany- 0900 GMT. LONDON- Sam Woods, Bank of England Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority, to moderate a panel at Chatham House Conference on The Future of London as a...

  • NEW YORK, Nov 9- U.S. Treasury yields fell on Friday with shorter-dated yields retreating from the highest levels in a decade, as investors scooped up safe-haven U.S. government debt due to losses in equities worldwide on worries about economic growth in China and U.S. interest rate hikes. "The market after a week filled with major events feels fatigued," said Larry...

  • Markets need a pause, says Bendura Bank

    Andreas Insam of Bendura Bank says there's already been a "slump" in markets outside the U.S., and raw material prices and other indicators suggest that the U.S. stocks need a pause too.

  • Swiss banking giant UBS. 

    UBS was accused of misleading investors about the quality of more than $41 billion of subprime and other risky mortgage loans backing 40 securities offerings in 2006 and 2007, the Department of Justice said. 

  • NEW YORK, Nov 8- The U.S. government on Thursday filed a civil fraud lawsuit accusing UBS Group AG, Switzerland's largest bank, of defrauding investors in its sale of residential mortgage-backed securities leading up to the 2008-09 global financial crisis. UBS was accused of misleading investors about the quality of more than $41 billion of subprime and other...

  • *UBS expects legal action by U.S. Justice Dept. NEW YORK/ ZURICH, Nov 8- UBS Group AG, Switzerland's largest bank, faces another potentially costly legal battle as the U.S. Department of Justice draws up civil charges over the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. UBS said on Wednesday it expected to be sued by the Justice...

  • MOSCOW, Nov 7- The Kremlin said on Wednesday that the Davos world economic forum would be worse off for not allowing Russian businessmen Oleg Deripaska, Viktor Vekselberg and Andrei Kostin to attend. "The Davos forum became the Davos forum thanks to such businessmen," Kremlin spokesman Dmitry Peskov told reporters on a conference call. The World Economic Forum...

  • LONDON, Nov 7- Italian refiner Saras is constructing a ship-refueling terminal at its Sardinia plant and will market a new, cleaner marine fuel ahead of a major regulatory change in 2020, its chief executive told Reuters. From January 2020, the International Maritime Organization will ban ships from using fuels with a sulphur content above 0.5 percent,...

  • *Around 30 staff were employed at office in Johannesburg. *Swiss bank had re-entered South Africa in 2006. JOHANNESBURG, Nov 7- Credit Suisse has pulled out of South Africa after more than a decade as part of Chief Executive Tidjane Thiam's bank-wide revamp, three sources with knowledge of the matter said.

  • MOSCOW, Nov 7- The Kremlin said on Wednesday the Davos world economic forum was undermining itself by not allowing Russian businessmen Oleg Deripaska, Viktor Vekselberg and Andrei Kostin to attend. The Financial Times reported on Tuesday that the men had been told to stay away from the event in January amid wariness over dealing with businessmen under...

  • *CEO Alexander Friedman agrees with board to step down. Board member David Jacob becomes interim CEO. GAM appointed board member David Jacob as interim CEO, after it said Alexander Friedman and the board agreed the company would be best served by new leadership.

  • BRUSSELS- ECB Board Member Benoit Coeure speaks chairing Panel 5 "Financial crisis management in the current international monetary system" at joint ECB, Solvay Brussels School of Economics and Management, Toulouse School of Economics and NBB colloquium "Managing financial crises: where do we stand? FRANKFURT- Guest speech by ECB board members Sabine...

  • **BRUSSELS- ECB Board Member Benoit Coeure and DaniEele Nouy speak at Eurogroup meeting in Brussels. **BRUSSELS Keynote speech by ECB, Vice President de Guindos, at joint ECB, Solvay Brussels School of Economics and Management, Toulouse School of Economics and NBB colloquium "Managing financial crises: where do we stand?" BRUSSELS- ECB Vice President Luis de Guindos,...

  • GENEVA, Nov 2- Argentina, Costa Rica, Japan and the European Union are supporting a U.S. drive to enforce greater transparency and discipline at the World Trade Organization, an updated proposal published by the WTO showed on Friday. The growing support for the U.S. initiative will add to pressure on China and India to accept reforms at the 23- year-old WTO, which...

  • *Workers walk out from Dublin to Singapore to San Francisco. The protests took place in waves, beginning in Asia and then streaming across Europe and North America, with the final wave occurring at Google's headquarters in Mountain View, California. This was the $90 million straw that broke the camels back, " Celie ONeil-Hart, one of the protest organizers and who...

  • *Workers walk out in Dublin, Zurich, Tokyo and Singapore. MOUNTAIN VIEW, Calif./ NEW YORK, Nov 1- Thousands of Google employees and contractors staged brief midday walk-outs on Thursday at offices across Asia, Europe and North America to protest sexism, racism and unchecked executive power in their workplace. At Google's global headquarters in Mountain View,...

  • *Workers walk out in Dublin, Zurich, Tokyo and Singapore. DUBLIN/ NEW YORK, Nov 1- Over 1,000 Google employees and contractors in Asia, Europe and the United States staged brief midday walk-outs on Thursday, with more expected to follow at California headquarters, amid complaints of sexism, racism and unchecked executive power in their workplace.

  • LISBON- Swedish Central Bank Governor Stefan Ingves talks about Basel III at Banco de Portugal- 1000 GMT. BERLIN ECB Supervisory Chief Daniele Nouy gives keynote speech at the 6th Financial Stability Conference organized by Financial Risk and Stability Network in Berlin- 0905 GMT. Elisa Ferreira, Vice Governor of the Bank of Portugal, Daniele Nouy, Chair of the...