SWISS DAYBOOK: SNB’s Hildebrand, Dufry Purchases, UBS, Novartis

The Swiss Central Bank won’t exclude any “effective measures” to curb the advance of the Swiss franc, Swiss National Bank President Philipp Hildebrand told Neue Zuercher Zeitung in an interview.

“We clearly communicated that we are willing to take further measures if those are necessary,” Hildebrand was quoted as saying. He was responding to a question whether the SNB had opted to boost liquidity rather than sell Swiss francs.

Hildebrand also said it’s important for the Swiss National Bank to have an alternative to cutting or raising interest rates when it comes to conducting monetary policy.

Having a fixed Swiss franc rate against the euro would be “incompatible” with the Swiss central bank’s constitutional and legally binding task of conducting an independent monetary policy, Hildebrand was quoted as saying.

EQUITIES: *Dufry buys airport retail operations in South America for $957 million *U.S. indicts former UBS banker Gian Gisler on charges of conspiring to help U.S. clients hide more than $215 million *U.K. health-cost agency rejects Novartis AG (NOVN)’s multiple sclerosis pill Gilenya *Zurich Financial names Jim Larson head of its mass consumer markets profit center *U.S. Commerce Department says it will investigate an antidumping complaint from the U.S. unit of ABB Ltd. (ABBN) regarding power-transformer imports from South Korea *Transocean says Rob Shaw will be controller and principal accounting officer from Dec. 1 *Bellevue Group says it completed its share buyback program *Genolier Swiss Medical Network (GSMN) and Cedric George sign agreement *Comet Group receives major order from Oerlikon Solar *Sarasin was cut to “neutral” from “buy” at Goldman Sachs

ECONOMY/GOVERNMENT: *Swiss consumer price index at 9:15 a.m. *KOF Business Tendency Surveys at 11:30 a.m. *Swiss National Bank foreign-currency holdings according to IMF standards at 9 a.m.

MARKETS: *The SMI fell 3.6 percent to 5,285.25. *The SPI decreased 3.7 percent to 4,845.24. *The Stoxx Europe 600 Index fell 3.5 percent to 243.16. *The MSCI Asia-Pacific Index dropped 4.1 percent to 125.56 as at 7:35 a.m. Zurich time *Euro-franc traded at 1.0818 at 7:35 a.m. Zurich time.

To contact the reporters on this story: Klaus Wille in Zurich at kwille@bloomberg.net; Giles Broom in Zurich at gbroom@bloomberg.net

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

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