Sixty-six magnums of Chateau Mouton- Rothschild spanning the period from 1945 to 2008 fetched 257,400 Swiss francs ($266,000) at a Christie’s International Plc wine auction in Geneva this week which raised $3.96 million.
European stocks rose for a fourth week as earnings from Cie. Financiere Richemont SA to ICAP Plc beat analyst estimates and the Bank of England lifted its growth forecast for Europe’s third-biggest economy.
Swiss insurers, including Zurich Insurance Group AG and Swiss Life Holding AG, may lobby the government to sell more long-term bonds as new solvency rules force them to match life insurance liabilities.
Swiss stocks declined as a Federal Reserve policy maker said the central bank may reduce its monthly bond purchases as early as this summer, and investors awaited U.S. data on leading indicators and consumer sentiment.
Money manager Tim McCarthy has worked in the U.S., Russia and Switzerland, and has seen doctors in all three countries for Hashimoto disease, a condition in which his immune system attacks his thyroid. He has no doubt which health system is best.
Cie. Financiere Richemont SA Chairman and controlling shareholder Johann Rupert will take a year off, leaving management of the world’s second-biggest luxury-goods company to a team of executives including Cartier’s former CEO.