Pursuits
Swiss Stocks Rise, Extending a Four-Year High
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Swiss stocks rose, extending a four-year high, as Swatch Group AG rallied and Federal Reserve Bank of Chicago President Charles Evans said that the central bank should continue to support the U.S. economy.
Swatch gained 4.2 percent after agreeing to buy the Harry Winston watch and jewelry brand for about $1 billion. Transocean Ltd. increased 2.9 percent after billionaire investor Carl Icahn acquired a 1.56 percent stake in the world’s largest offshore-rig contractor. Givaudan SA and Clariant AG fell after HSBC Holdings Plc recommended selling the shares.