Petroplus Holdings AG reported clean net income of $65 million in the fourth quarter, compared with a loss of $150 million a year earlier. Markets are expected to remain challenging in 2011, the Swiss refiner said today in a Business Wire statement.
WHAT TO WATCH: *Federal Customs Office reports trade data for December (8:15 a.m. Zurich time)
EQUITIES: *Santhera Says It Discontinued Discussions With Newron *Emmi Full-Year Sales Advance 2.5% to 2.68 Billion Swiss Francs *Nestle to Invest $71 Million in S. Africa, Business Report Says *Nestle Temporarily Suspends Supply of Its Herta Halal Products *Kuoni Says No Flights to Egypt, Tunisia Until March 31
MARKETS: *The SMI dropped less than 0.1 percent to close at 6,553.67 *The SPI fell less than 0.1 percent to close at 5,884.26. *Euro -- Franc at 1.2976 at 7:27 a.m. Zurich time
To contact the reporter on this story: Paul Verschuur at email@example.com
To contact the editor responsible for this story: Angela Cullen at firstname.lastname@example.org