Switzerland News
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Updated 1 hour, 3 minutes ago
Demands by Denmark’s biggest banks that they be excluded from the nation’s bail-in legislation are out of step with reality, according to the country’s central bank.
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Updated 2 hours, 55 minutes ago
Switzerland’s top negotiator in talks to resolve a U.S. Justice Department probe of Swiss banks that allegedly helped Americans dodge taxes will step down at the end of August.
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Swiss stocks were little changed, following their biggest drop in 20 months yesterday, as speculation central banks will reduce stimulus offset Moody’s Investors Service’s confirmation of Switzerland’s credit rating.
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Chinese Premier Li Keqiang praised Germany’s leadership during the debt crisis while urging Europe to resolve its fiscal woes and ensure euro-area stability.
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Offerings of corporate bonds in the U.S. fell 36 percent this week to about $36.5 billion as relative yields widened.
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Zurich Insurance Group AG plans to expand in China and Saudi Arabia as the insurer seeks to capitalize on economic growth in the world’s second-biggest economy and largest oil exporter.
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Defending champion Rafael Nadal of Spain may have to play men’s top seed Novak Djokovic in the semifinals as he seeks a record eighth French Open tennis title.
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The global sugar surplus in the 2013-14 season will be 12 percent smaller than initially estimated as leading producer Brazil, Russia and the European Union have smaller-than-forecast crops, said Kingsman SA.
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Glencore International Plc and Vitol SA, the world’s two biggest oil traders, raised $8.3 billion in loans to fund their crude-purchase deal with OAO Rosneft, according to three people with knowledge of the matter.
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Defending champion Rafael Nadal of Spain will start his quest to win eight French Open championships against 60th-ranked Daniel Brands of Germany.
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