| Zurich Market Talk - 12-10-2011 |
| 12.10.11 07:44 | |
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Ascom divests its subsidiary Ascom (CZ) s.r.o. in a management buy-out to the newly formed COFI s.r.o. in line with the announced divestment of the Security Communication Division. Ascom (CZ) s.r.o. focuses on public security communication and alarming applications in Czech Republic and achieved in 2010 revenue in the range of CHF 3 million. COFI s.r.o. formed by the Czech management acquires the Czech subsidiary Ascom (CZ) s.r.o. as of 10 October 2011 in a management buy-out with all rights and obligations. All seven employees have been taken over. Link: Click Here Cicor (SIX: CICN), an internationally operating high-tech industrial group headquartered in Boudry (Switzerland) specialising in printed circuit boards, microelectronics and electronic solutions, today announced the award of a prestige contract to manufacture laser modules for optical metrology. The contract was placed by the renowned Ferdinand-Braun-Institute, Leibniz-Institute for high frequency technology in Berlin, which is participating in the LaSUS project promoted by the German Aerospace Agency. Link: Click Here Ypsomed Group is strengthening its management: the Technology and Operations divisions, headed by Hans Ulrich Lehmann and Benjamin Reinmann respectively, are now directly represented on the management board of the Burgdorf-based diabetes specialist. Link: Click Here Leclanché S.A. (SIX: LECN), specialized in the production of large-format lithium ion cells and energy storage solutions, today announces the launch of environmentally-friendly production of lithium-ion cells based on a new and innovative manufacturing process which uses water instead of solvents in the production of electrodes required for the production of cells. Link: Click Here Publigroupe: Publimedia, the key account unit of PubliGroupe and Publicitas, presents the “AdMarket Family” (www.admarket.ch) as the first of its kind in Switzerland. The innovative array of tools forms an online advertising marketplace for print, online and mobile offerings. In addition to an information search feature, the platform also facilitates the execution of comprehensive advertising campaigns. Link: Click Here Economy ******** CFTC report: CHF positions have turned negative for the first time since July 2010. The most notable entry in the October 4 FX CFTC report is that CHF positions have turned negative for the first time since July 2010. This provides another endorsement of the SNB’s policy of deterring safe haven demand for the CHF. Last week the release of the SNB’s reserves data for September provided another clue of the success of the SNB’s policy of protecting the EUR/CHF1.20 level. The reserves data indicate that once fluctuations in FX rates are taken into account the SNB was not forced to pull out the stops in protecting this level with intervention. Link: Click Here Irish industrial production rose a strong 4.4% m/m in August after a 1.5% m/m increase in July. July-August average is therefore already 2.8% above Q2. On a 3m/3m basis, August print (1.6%) is actually the strongest since January 2011 (2.6%). Even assuming some pay back to the tune of 2.0% m/m next month, which would be the most negative reading since October 2010, would still be consistent with a Q3 industrial production level 2.8% above that of Q2, the strongest quarterly gain since Q1 10. Link: Click Here |
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