Bloomberg News

SWISS DAYBOOK: UBS Rating, Sulzer Orders, Syngenta Sales, Ems

October 14, 2011

Syngenta AG (SYNN) had third-quarter sales of $2.7 billion, beating the average of six analysts’ estimates for revenue of $2.5 billion.

EQUITIES: *UBS AG, Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc had long-term issuer default grades cut by Fitch Ratings, which put more than a dozen other lenders on watch negative as part of a global review *Credit Suisse may shut commercial mortgage bond unit, according to two people with knowledge of the matter *Sulzer nine-month orders rise adjusted 17 percent to 2.6 billion francs, says customers altering order behavior on economic outlook *Sonova upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan *EMS-Chemie nine-month sales rise 2.3 percent to 1.26 billion francs

MARKETS: *The benchmark SMI fell 1.2 percent to 5,713.17 *The SPI declined 1.1 percent to 5,169.65 *The Stoxx Europe 600 Index decreased 1.1 percent to 236.53 *The MSCI Asia-Pacific Index fell 0.9 percent at 7:20 a.m. Zurich time *Euro-franc traded at 1.2375 at 7:21 a.m. Swiss time

To contact the reporters on this story: Klaus Wille in Zurich at kwille@bloomberg.net; Thomas Mulier in Geneva at tmulier@bloomberg.net

To contact the editors responsible for this story: Matthias Wabl at mwabl@bloomberg.net; Craig Stirling at cstirling1@bloomberg.net


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