Monday, November 7, 2011
Brightbridge Wealth Management zurich
http://earlenazehner.blogspot.com/2011/06/brightbridge-wealth-management_6080.html
Swiss stocks advanced, led by gains in chemicals companies and banks.
Swiss stocks advanced, led by gains in chemicals companies and banks.
Syngenta AG, the Basel, Switzerland-based pesticides maker, climbed 1.7 percent. UBS AG added 0.8 percent.
The Swiss Market Index of the biggest and most actively traded companies rose 0.5 percent to 6,527.16 at 10:28 a.m. in Zurich. The benchmark has rallied 8.4 percent since March 16 as company earnings exceeded estimates. The broader Swiss Performance Index increased 0.5 percent.
Syngenta added 1.7 percent to 292.5 Swiss francs after announcing the launch of Vibrance, a seed treatment fungicide based on the new active ingredient sedaxane.
UBS, Switzerland’s largest bank, increased 0.8 percent to 16.25 francs, its first gain in six days.
Bucher Industries AG rose 1.6 percent to 209.3 francs. The agricultural machinery maker said its Kuhn Group unit has a licensing and manufacturing agreement with Deere & Co. to cooperate on large square balers.
“The strategic cooperation with the world’s leading farm equipment producer underpins Kuhn’s product and manufacturing strengths in farming,” Fabian Haecki, an analyst at Vontobel Holding AG, wrote in a note to clients today.
Dufry Group climbed 1 percent to 109.6 francs after surging 6.7 percent yesterday.
Brightbridge Wealth Management Headlines: Swiss Re reclaims prized S&P credit rating
http://www.zimbio.com/Brightbridge+Wealth+Management/articles/T3Z_JB6jPZb/Brightbridge+Wealth+Management+Headlines+Swiss
(Reuters) – Swiss Re (SRENH.VX) has regained a prized credit rating lost during the financial crisis, a key step toward the reinsurer’s goal of expanding its business.
Standard & Poor’s on Friday raised its rating on Swiss Re to AA- with a stable outlook from A+, citing the company’s strong capital base.
“The impact should be positive, allowing Swiss Re to deploy more of its capital into reinsurance underwriting and also apply a somewhat more flexible investment strategy,” analysts at Vontobel said.
Swiss Re lost its double A rating in 2009 after risky investments put its capital base in jeopardy, forcing it to take an emergency 3 billion Swiss franc ($3.48 billion) loan from U.S. billionaire Warren Buffett.
The Zurich-based reinsurer repaid the Buffett loan late last year, and some analysts have been speculating the firm could be ripe for a ratings upgrade.
Swiss Re said earlier this year its goal was to reclaim the prized rating, expand its business, and then possibly return cash to shareholders.
Brightbridge Wealth Management
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