Baloise Holding AG (BALN) said first-half net income fell to 203.3 million francs from 210.4 million francs a year earlier due to a lower financial result.
EQUITIES: *Sika agreed to buy Colauto Adesivos e Massas Ltda in Brazil, a manufacturer of adhesives and sealants as well as acoustic damping and structural reinforcement elements *UBS was among four banks hired by Swedbank Hypotek to help it manage a planned sale of four-year covered bonds *Santhera says Thomas Meier to be CEO
ECONOMY: *A gauge of Swiss consumer demand by UBS dropped in July, adding to signs the economy is cooling *Switzerland sells three-month bills
MARKETS: *The SMI rose 2.3 percent to 5,446.47 *The SPI increased 2.5 percent to 4,963.52 *The Stoxx Europe 600 Index climbed 1.2 percent to 228.28 *The MSCI Asia-Pacific Index climbed 1.2 percent by 7:55 a.m. Zurich time *Euro-franc traded at 1.1879 at 7:56 a.m. Zurich time.
To contact the reporters on this story: Leigh Baldwin in Zurich at Lbaldwin3@bloomberg.net;
To contact the editor responsible for this story: Angela Cullen at email@example.com