Swiss stocks - Factors to watch on March 23

Crealogix Holding AG

23/03/2016 07:07

ZURICH, March 23 (Reuters) - The Swiss blue-chip SMI  .SSMI  
was seen opening 0.2 percent firmer at 7867 points on Wednesday, 
according to premarket indications by bank Julius Baer 
 JBPRE01 . 
    Here are some of the main factors that may affect Swiss 
stocks. 
     
    CREDIT SUISSE  GSGN.S  
    The bank announced an extra 800 million Swiss francs ($821 
million) in cost cuts and plans to shrink its investment bank 
further as it accelerates a restructuring plan aimed at 
revitalising its earnings.  urn:newsml:reuters.com:*:nL5N16V0JG 
    U.S. Commodity Futures Trading Commission has ordered Credit 
Suisse International to pay $665,000 in penalties to settle 
charges that it violated over the speculative position limit for 
wheat futures, the agency said on Tuesday.  urn:newsml:reuters.com:*:nL2N16U18E 
    Its shares are indicated up around 2 percent 
    For more news see  CSGN.S-E  
     
    SYNGENTA  SYNN.S  
    ChemChina's offer for Syngenta scheduled to begin. The 
Chinese group is offering $465 per share in cash for the 
agrichemicals and seeds group in a deal worth around $43 
billion. The offer in Switzerland and the United States is 
supposed to run until May 23 if not extended 
     SYNN.S-E  
       
    COMPANY STATEMENTS  CPR-CH  
    * Crealogix Holding AG  CLXN.S  H1 net sales up 16 pct at 
27.9 million Swiss francs, EBIT loss 1.5 million Swiss francs 
(prior year: loss 7.6 million Swiss francs)  urn:newsml:reuters.com:*:nFWN16U0LA 
    * Cham Paper Group Holding AG  CPGN.S  FY net result at CHF 
0.5 million vs CHF 1.8 million a year ago  urn:newsml:reuters.com:*:nFWN16U0NH 
    * Burckhardt Compression Holding AG  BCHN.S  is establishing 
a divisional structure with two divisions: Systems and Services 
 urn:newsml:reuters.com:*:nFWN16U0NJ 
    * Schindler Holding's  SCHP.S  Chief Executive Silvio Napoli 
was elected to the board of directors at the group's annual 
general meeting on Tuesday. Shareholders further approved an 
ordinary dividend of 2.70 francs per share and all other 
proposals by the board, Schindler said.  SCHP.S  
    * Kudelski Group  KUD.S  said its shareholders accepted all 
of the board's proposals at the group's annual general meeting 
on Tuesday and and reelected all its board members.  KUD.S  
     
    ECONOMY  M-CH  
    ZEW investort sentiment for March due at 1000 GMT 
     
     
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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