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Switzerland Market Report Headlines

MOVES-Hedger to leave Credit Suisse

LONDON, Dec 8 (IFR) - Cameron Hedger, co-head of fund-linked products in Credit Suisse's global solutions business, is leaving the Swiss bank as part of an expanded cost cutting plan announced on Wednesday, people familiar with the matter said.

Fitch Affirms Swiss Re's IFS at 'AA-'; Outlook Stable

(The following statement was released by the rating agency) LONDON, December 08 (Fitch) Fitch Ratings has affirmed Swiss Reinsurance Company Limited's (Swiss Re) Insurer Financial Strength (IFS) Rating at 'AA-' and Long-Term Issuer Default Rating (IDR) at 'A+'. Fitch has also affirmed the ultimate holding company Swiss Re Ltd. at an IDR of 'A'. The Outlooks are Stable. A full list of rating actions is at the end of this commentary. KEY RATING DRIVERS The affirmation reflects the strength of

Lufthansa CEO sees no further pilot strikes this year

FRANKFURT, Dec 8 Strikes by pilots at Lufthansa have cost Germany's largest carrier 100 million euros ($106 million) in lost profit this year, but chief executive Carsten Spohr said he is hopeful further strikes can be averted by mediation.

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Trump's Labor Dept pick sends early warning sign to worker advocates

WASHINGTON President-elect Donald Trump will name fast-food executive Andy Puzder to head the U.S. Department of Labor, according to a source familiar with the matter, in an appointment likely to antagonize organized labor.