Sonova, the world’s leading provider of hearing systems, announces preliminary sales results for the first half of 2011/12 of CHF 763 million which includes a local currency growth rate of 11.4% in the hearing instruments segment. The Group unveils many new products launched at this year’s International Congress of Hearing Aid Acousticians (EUHA) in Nuremberg, Germany. Link: Click Here

Santhera Pharmaceuticals (SIX: SANN) announced today that it will present data from the 2-year open-label study (DELPHI-E study) evaluating Catena for the treatment of Duchenne Muscular Dystrophy [1], one of the most common and devastating types of muscular dystrophy. The findings indicate that Catena slowed the decline in respiratory function compared to the expected natural history in patients with Duchenne Muscular Dystrophy. Link: Click Here

Alpiq Energia Italia S.p.A. has been contracted to deliver electricity and related services to part of Italy's public administration authority for one year. The total volume for which the state-run company Consip invited bids is Alpiq Holding Ltd. worth EUR 350 million and covers 2.5 billion kWh. In the bidding process, Rue Pury 2 Alpiq won the largest order for 1.31 billion kWh and EUR 178 million. There is also an option to extend the contract for another six months. Link: Click Here



Economy
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Emerging Market Investing: A Way Forward. During the financial crisis of 2008-09, most emerging economies were able to counter an economic slowdown in developed countries. With the prospect of recession looming in the US and Europe, the question is, can this scenario be repeated? Link: Click Here

UK MPC's King warns of wasted time. In a speech in Liverpool, Bank of England Governor Sir Mervyn King issued a warning that governments were not doing enough to tackle the fundamental problems facing their economies. He said that four years into the financial crisis, it should be apparent that the major problem was one of solvency - of banks and of governments - and not of liquidity. Link: Click Here

German ZEW economic sentiment index worse than expected. The ZEW German economic sentiment index fell to -48.3 in October from -43.3 in September, below our forecast (-47.0) and the consensus (-45.0). The current reading is far below the long-term average of about +25 points and reflects the very low expectations for German economic activity over the next six months of the financial experts that take part in this survey. Link: Click Here

UK CPI inflation likely to have peaked in September. We have updated our inflation forecasts following the release of September CPI and RPI data. We now expect CPI inflation, which came in 0.2pp above our above-consensus forecast, to have peaked, and we see it falling back to 5.0% in October despite some additional increases in utility bills. Link: Click Here