Swiss stocks - Factors to watch on Aug 23
23/08/2018 05:52
ZURICH, Aug 23 (Reuters) - Here are some of the main factors
that may affect Swiss stocks on Thursday:
CREDIT SUISSE CSGN.S
One of Switzerland's largest banks, Credit Suisse, has
frozen roughly 5 billion Swiss francs ($5 billion) of money
linked to Russia to avoid falling foul of U.S. sanctions,
according to its accounts, further increasing pressure on
Moscow. urn:newsml:reuters.com:*:nL8N1VD3YB
JULIUS BAER BAER.S
A former executive with Swiss bank Julius Baer pleaded
guilty on Wednesday for his role in a billion-dollar scheme to
launder money embezzled from the Venezuelan state-owned oil
company PDVSA PDVSA.UL , the U.S. Justice Department said.
For more, click on urn:newsml:reuters.com:*:nEMN3O4B3C
COMPANY STATEMENTS CPR-CH
* BCV Group BCVN.S said net profit rose 15 percent to 188
million Swiss francs in the first half of 2018. It also said it
expected full-year results to trend along the same lines as in
prior years. BCVN.S
* Coltene Holding CLTN.S said net profit rose by 14.8
percent to 6.9 million Swiss francs in the first half of 2018
and said it expected dynamic sales growth in the second half.
CLTN.S
* Sunrise Communications Group SRCG.S said net income
dropped by 10 percent to 24 million Swiss francs in the second
quarter of 2018, but raised its adjusted EBITDA guidance for the
full year. SRCG.S
ECONOMY M-CH
* Swiss Q2 industrial production due at 0715GMT CHINDO=ECI
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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