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Swiss Market Report Headlines

Actelion's silence has hedge funds betting big on J&J deal

ZURICH, Dec 2 Actelion's silence speaks volumes to the dozens of event-driven hedge funds piling into the Swiss biotech firm, betting that Johnson & Johnson's (J&J) approach will result in an outright takeover and handsome returns.

UPDATE 1-Brazil's Braskem shares jump as deal in graft probe seen imminent

SAO PAULO, Dec 2 Shares in Braskem SA soared 10 percent in their biggest intraday gain in more than two months on Friday after Latin America's largest petrochemical firm said it is in advanced talks with authorities in Brazil and the United States for a leniency agreement related to a massive corruption scandal.

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