SWITZERLAND DAYBOOK: Syngenta Beats Estimates, Plans Buyback

Syngenta AG, the world’s largest maker of agricultural chemicals, reported annual profit that beat analysts’ estimates and pledged to return $850 million in cash to shareholders.

Net income was $1.4 billion, little changed from a year earlier, the Basel, Switzerland-based company said in an e- mailed statement today. Analysts had predicted $1.31 billion. Sales advanced 6 percent to $11.6 billion.

WHAT TO WATCH: *Syngenta holds earnings call at 9:15 a.m. Zurich time

EQUITIES: *UBS units resolve allegations that they failed to disclose risks of auction rate securities, Attorney Dow Says *Transocean expects to pay $750 million dividend *Holcim cut to ‘Underweight’ at HSBC *Williams Grand Prix initial public offering values company at 265 million euros *Orell Fuessli full-year sales increase *Walter Meier acquires Danish distribution partner

ECONOMY/POLITICS: *Government to publish bond auction results *No Government Meeting

MARKETS: *The SMI gained 0.4 percent to close at 6,638.66 *The SPI rose 0.4 percent to close at 5,964.91 *The Stoxx Europe 600 Index fell 0.1% to 288.56 *Euro -- Franc at 1.3144 at 7:37 a.m. Zurich time

To contact the reporter on this story: Simone Meier in Zurich at smeier@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.