Switzerland

Switzerland News

• Sugar Surplus May Drop 50% on Brazil Ethanol Switch, Itau Says

  Updated 16 minutes ago

  A forecast sugar surplus may drop as much as 50 percent if millers in Brazil, the world’s largest producer, direct more cane to making ethanol in the season starting in April, according to Banco Itau BBA SA.

• Swiss Stocks Are Little Changed; Transocean, UBS Advance

  Updated 28 minutes ago

  Stocks in Switzerland were little changed, with the benchmark Swiss Market Index heading for its second weekly decline, as the European Central Bank said overnight deposits soared to a record after its second allocation of three-year loans.

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  BRIC Investors Losing as Statists Forgo Earnings

  Updated 14 minutes ago

  Investors in the biggest state- controlled companies are being punished with the lowest valuations in six years by emerging-market leaders putting public services ahead of shareholder profits as economies slow.

• Bank Sarasin Wants Safra to Use Capital to Help Emerging Markets Expansion

  Bank Sarasin & Cie. AG wants Safra Group to inject capital into the Swiss wealth manager after agreeing in November to pay more than 1 billion Swiss francs ($1.1 billion) for a controlling stake.

• Chinchilla Says Costa Rica Tax Plan Imperiled, Urges Drug Debate

  Costa Rican President Laura Chinchilla said her administration may not succeed in winning legislative approval of a tax system overhaul aimed at paring a deficit that has grown to more than 5 percent of gross domestic product.

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  BP Oil Spill Trial to Start as Settlement Pressure Grows

  Updated 11 minutes ago

  BP Plc, Transocean Ltd. and Halliburton Co., with billions of dollars on the line, are set to find out from a federal judge who among them is to blame for the April 20, 2010, explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico.

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  Costa Rica’s Chinchilla Calls for Drug Legalization Debate

  Drug legalization in Central America merits a “serious” debate as a solution to the crime and violence coursing through the region even if it runs up against U.S. opposition, said Costa Rican President Laura Chinchilla.

• Perrigo Premium Widens on FDA Generics Hearing: Israel Overnight

  Perrigo Co. jumped in New York, pushing the premium over the generic drugmaker’s Israel-traded shares to the widest in six months, on speculation the U.S. will make more pharmaceuticals available without a prescription.

• North Korea Is Game for ‘Let’s Make a Deal’: William Pesek

  Updated 1 hour, 47 minutes ago

  The deadliest words in economics are “This time things are different.” They are even more perilous when applied to a nuclear power run by a paranoid, repressive regime. In other words, North Korea.

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  Dow Says Olympic Sponsorship Opposition ‘Beyond Belief’

  Dow Chemical Co. Chief Executive Officer Andrew Liveris said opposition to his company’s sponsorship of the 2012 London Olympics is “beyond belief” because Dow wasn’t involved with the 1984 toxic gas leak in Bhopal that killed thousands of people.

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