Bloomberg News

SWISS DAYBOOK: Petroplus Quarterly Loss, Sika Sales, Julius Baer

November 02, 2011

Nov. 2 (Bloomberg) --Petroplus Holdings AG said it had an estimated clean net loss of $95 million in the third quarter compared with an estimated net loss of $70 million in the year- ago period, according to an e-mailed statement today.

EQUITIES: *Sika reported net profit for the first nine months of 169.3 million francs, down from 249.2 million in the year-earlier period *Julius Baer said it hasn’t decided whether it will book a provision for litigation regarding the conclusion of a tax dispute with the U.S. *SGS said it purchased Pfinde Inc. from the U.S. for an undisclosed price *Addex Pharmaceuticals said its GLP-1R in preclinical programs raised insulin secretion *Credit Suisse’s head of Australian equities, Jonathan Gurnsey, will retire from the investment bank to return to his native New Zealand after his last day at the bank on Dec. 30 *UBS put trades rose to 2.7 times the four-week average after an opening block trade of 12,000 December 10.50-Swiss franc puts

ECONOMY/POLITICS: *KOF banking indicator at 11:30 a.m.

MARKETS: *The benchmark SMI fell 2.5 percent to 5,588.57 *The SPI declined 2.6 percent to 5,077.68 *The Stoxx Europe 600 Index dropped 3.5 percent to 235.06 *The MSCI Asia-Pacific Index fell 0.8 percent at 7:22 a.m. Zurich time *Euro-franc traded at 1.2151 at 7:22 a.m. Swiss time

--Editor: Matthias Wabl

To contact the reporters on this story: Leigh Baldwin in Zurich at lbaldwin3@bloomberg.net; Corinne Gretler in Zurich at cgretler1@bloomberg.net

To contact the editors responsible for this story: Matthias Wabl at mwabl@bloomberg.net; Angela Cullen at acullen8@bloomberg.net


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