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GENEVA (Reuters) -The United States’ general tariff of 39% on imports from Switzerland could be cut to 15% from early December, Swiss Economy Minister Guy Parmelin told the broadcaster SRF in an interview aired on Saturday. “In Switzerland, we are ready. It takes a bit more time for the USA. I hope everything is fine …

US tariff cut to 15% for Switzerland could take effect early December, says economy minister Read More »

By Olivia Le Poidevin GENEVA (Reuters) -Switzerland’s financial market regulator warned on Saturday of growing risks in the housing market, saying banks were stretching mortgage lending criteria as property prices continue to climb. “The risk in the mortgage market is high, prices continue to rise, and the danger of a correction is correspondingly high,” the …

Swiss regulator warns mortgage risks are rising as banks stretch lending rules Read More »

MILAN (Reuters) -Eyewear company EssilorLuxottica would be interested in taking a stake of between 5% and 10% in Armani but would not seek an active role in the management of the luxury fashion group, Italian business daily Il Sole 24 Ore reported on Saturday. A restructure of the famed fashion house is expected following the …

EssilorLuxottica proposes taking stake of 5-10% in Armani, report says Read More »

By Katy Daigle and Simon Jessop BELEM, Brazil (Reuters) -A British real estate manager overseeing 26 billion euros ($29.93 billion) in assets and concerned about flood, fire and other climate-related risks to its properties sought help from Climate X, a data analytics firm based in London.  Climate X started crunching numbers and using its AI …

Analysis-US government pullback from climate science fuels boom for private data firms Read More »

(Reuters) -BP said on Friday its Olympic Pipeline crew excavated more than 100 feet (0.03 km) of pipeline following a leak earlier this month near Everett, Washington, but have not yet identified the source of the leak. Washington Governor Bob Ferguson on Wednesday declared an emergency following the Olympic Pipeline shutdown, which has disrupted jet fuel …

BP crew excavates Olympic Pipeline, yet to find cause of leak Read More »

(Reuters) -Global ratings agency Moody’s affirmed the United Kingdom’s Aa3 rating on Friday, citing the significant credit strength of the world’s sixth-biggest economy and the government’s commitment to reducing the large budget deficit. The agency maintained the country’s outlook at “stable”. “The rating affirmation incorporates our expectation of fiscal measures consistent with the government-defined fiscal …

Moody’s affirms UK’s Aa3 rating ahead of budget Read More »