Nestle SA, the largest food company in the world, reported a more rapid growth in sales in the first half than expected. Their volume for January-June increased by 6,1%, while analysts predicted an increase of 6%.
Roche Holding AG, the world’s largest producer of cancer drugs, said about 58 per cent increase in net profit in the first half.
The collapse of the euro exchange rate has become an unpleasant surprise for UBS. Foreign exchange reserves of the Swiss National Bank fell by more than 14 billion Swiss francs (13.3 billion dollars) in the first half of this year, after the weakening of the euro triggered a reduction in reserves of the Bank. In the second quarter, the central bank lost 5.5 billion Swiss francs, while revenue in the first quarter amounted to 1.5 billion francs.
Swiss National Bank predicts that losses from exchange rate differences in the first half of this year amount to 14 billion Swiss francs ($ 13.3 billion). However analysts expect that the loss of the bank in the second quarter could reach 5.5 billion francs, compared with a net profit of 1.5 billion francs quarter earlier.
Currency exchange rates today today are unstable against bad news from Asia. For several months, there is lowering of the euro and analysts say its oversold. The overall negative background for the euro area, hampering the growth of buyers and the euro while speaking prematurely.
Trading house Christie’s sold the Patek Philippe watch number 1527, which were released in 1944. Lot went for $ 5.6 million this way, this instance one of the three most expensive men’s watches in the world. Unique in the world watches this design with chronograph and calendar have been evaluated or 1,5 – 2,5 million Swiss francs, which is equal to their value in dollars.
In spite of numerous breaks of LHC scientists does not stop and are going to restart the LHC reproducing the Great explosion model. Scientists consider that 10 billions of Swiss Franc is worth the destruction of our planet Earth.
Currency market remains stable. Last week confirmed it for sure. The euro gained to intraday highs against the dollar and yen early Tuesday on a bounce in crude-oil prices and global stocks following a day earlier sell-off.