Switzerland to sell 250 tons of gold
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The Swiss National Bank said Thursday it will sell 276 US tons of gold reserves over the next two years.
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TOKYO (CBS.MW) - Swiss mining conglomerate Xstrata said Monday it offered to buy the entire issued share capital of major Australian mining company WMC Resources for A$7.4 billion ($5.79 billion) in cash.
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The world's largest watchmaker, Swatch Group AG, said Wednesday that its 2004 sales rose more than 4 percent to 4.15 billion Swiss francs (&#36;3.49 billion) from 3.97 billion francs the previous year, largely due to good results from its luxury watch business.
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A takeover bid which would create the world's biggest gold company, with assets of $10bn, is reportedly being considered in South Africa.
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12/6/04- There&#39;s a big deal in the gold-mining business. Goldcorp is buying its Canadian gold-mining competitor Wheaton River Minerals for about 2 billion dollars in stock.
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The unsolicited $8.2 billion bid to take over bigger domestic rival Gold Fields would create the world's biggest gold producer.
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Switzerland's main telecommunications operator, Swisscom, which has already announced 390 job cuts for next year, will continue to shed around 100 jobs per year in a bid to cut costs and improve profits, its chief executive said.
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Swiss Life Holding on Friday said it agreed to sell most of its private-equity portfolio, valued at 400 million Swiss francs ($321.2 million), to an affiliate of a U.S. investment firm.
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Iamgold, a Canadian mining company, said that it would buy Cambior, a rival, for about 1.33 billion Canadian dollars ($1.2 billion) in stock, to create a gold mining operation with more than one million ounces of annual production. The deal will push Iamgold to the top of the midtier gold producers and comes six months after the miner bought Gallery Gold of Australia. ÂWe believe it sets the stage for us to join the senior ranks as we move forward in this company,Â IamgoldÂs chief executive, Joe Conway, left, said.
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Jewels which belonged to the late  Greek-American opera singer Maria Callas fetched 2.19 million  Swiss francs ($1.87 million) at auction, triple the pre-sale  estimate, Sotheby's said on Wednesday.
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WMC is the subject of a new offer from the Swiss-based mining giant, Xstrata. After last month&#39;s bid through a scheme of arrangement was knocked back, Xstrata has launched an off-market takeover bid for all shares in WMC.
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A SCOTTISH company that has helped sell the image of its homeland to millions of Americans is now hoping to revive historic trading links with central Europe.
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The German state of Saxony said Sunday it would sell the Landesbank Sachsen (SachsenLB), which has been hard hit by the US subprime crisis, to the Landesbank Baden-Wuerttemberg (LBBW).
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Jewels which belonged to the late Greek-American opera singer Maria Callas have fetched 2.19 million Swiss francs (1 million pounds) at auction, triple the pre-sale estimate, Sotheby&#39;s says.
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The reinsurer SwissRe has said it is selling its London office block, known to millions of Londoners as the &quot;gherkin,&quot; to a German real estate firm for 600 million pounds.
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South Africa&#39;s Harmony Gold looking to create the world&#39;s biggest gold producer after it pounced on bigger domestic rival Gold Fields with an all-share takeover bid worth about $A11.
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The Swiss National Bank on Friday  released terms of its temporary term auction facility: