Swiss stocks - Factors to watch on April 1
01/04/2016 05:53
ZURICH, April 1 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Friday.
PRIVATE BANKING
Brazilian prosecutors on Thursday charged Joseph Safra, the
world's richest banker, in connection with an alleged scheme to
pay bribes to government officials in return for waiving tax
debts. urn:newsml:reuters.com:*:nL2N1730FG
In a statement, prosecutors said that Safra had knowledge of
a 2014 plan by executives at his Banco Safra SA to pay 15.3
million reais ($4.2 million) in bribes to federal tax auditors
Alongside his family, Safra owns Banco Safra SA SADEPB.UL
and a number of private-banking institutions including
Switzerland's J Safra Sarasin.
COMPANY STATEMENTS CPR-CH
* Sonova Holding SOON.S announced board changes that will
reduce its size from a total of 13 to ten members, effective
April 1, 2016. SOON.S
* Bobst BOBNN.S said it and WIFAG-Polytype Group have
entered into exclusive negotiations regarding a potential
acquisition of WIFAG-Polytype's coating technology business.
BOBNN.S
* CEMBRA Money Bank CMBN.S said Remy Schimmel has been
appointed chief financial officer. CMBN.S
* USI Group Holdings AG USIN.S said that it received
notification that BARS Resources Ltd. has sold all of its shares
and that TLC Developments Limited is now holder of 5.4 million
shares, or 36 percent of the company. USIN.S
ECONOMY M-CH
In a speech on Thursday, Swiss National Bank governing board
member Andrea Maechler said the central bank's readiness to
intervene on foreign currency market remains an important pillar
in the central bank's fight against an overvalued Swiss franc.
urn:newsml:reuters.com:*:nZ8N15Y025 The SNB also has room to cut interest rates deeper
into negative territory, she said. urn:newsml:reuters.com:*:nZ8N11601M
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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