SWITZERLAND DAYBOOK: Swiss Re Japan Estimate, Sonova, Clariant
Swiss Re estimates claims costs of $1.2 billion, net of retrocession and before tax, from the earthquake and the tsunami in Japan, the company said in an e- mailed statement today.
EQUITIES: *Credit Suisse may beat Asia wealth inflow goal, Berchtold says *Clariant buys privately held U.S. de-icing specialist Octagon *Novartis gets European Commission approval for Gilenya *Proposed Actelion alternative chairman of board would seek buyer, FT says *Roche’s Genentech reports positive pivotal phase II for Hedgehog *Switzerland needs solution over U.S. tax probe, Raymond Baer tells Le Temps in interview *Sonova executives told earlier about lower sales, NZZ says *Clariant didn’t seek outside opinion on Sued-Chemie, NZZ says *Meyer Burger says very positive start into fiscal 2011; 2010 profit gains to SF97.9 mln *Swiss investor group acquires riveting machine-manufacturer BalTec from Feintool *Tourists are ‘slowly’ returning to Egypt, Sawiris tells Blick *Sika expands its concrete admixtures business in Northern China *Meyer Burger wins order of over SF30 mln from existing customer
ECONOMY/POLITICS: *SNB publishes monthly statistical bulletin at 9:00 a.m. *Swiss file complaint against Libya over abduction, DRS reports
MARKETS: *The SMI rose 0.4 percent to close at 6,098.05 *The SPI rose 0.6 percent to close at 5,548.33 *The Stoxx Europe 600 Index gained 0.2 percent to 267.63 *The MSCI Asia-Pacific Index rose 1 percent to 130.05 at 7:33 a.m. Zurich time *Euro -- franc at 1.2817 at 7:17 a.m. Zurich time
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