Swiss stocks - Factors to watch on Aug. 24

Daetwyler Holding

24/08/2018 05:46

ZURICH, Aug 24. (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday.
    
    CREDIT SUISSE  CSGN.S 
    The bank said it remained committed to Russia after it
ringfenced 5 billion Swiss francs ($5.02 billion) of customer
money linked to Russia for fear of falling foul of U.S.
sanctions.  urn:newsml:reuters.com:*:nL8N1VE53K
    For more news, click on  CSGN.S 
      
    COMPANY STATEMENTS  CPR-CH 
    * St Galler Kantonalbank  SGKN.S  said it planned to raise
29.4 million francs in new capital through a capital raising.
 SGKN.S 
    * Bachem Holding  BANB.S  reported an increase in its
first-half net income to 16.5 million Swiss francs.  BANB.S 
    * ABB  ABBN.S  is considering a sales of its power grids
business, Bloomberg reported.  ABBN.S 
    * Datwyler  DAE.S  said it had bought Brazilian automotive
supplier BINS for an undisclosed sum.  DAE.S 
    * Meier Tobler  METG.S  said its first half EBITDA rose to
9.7 million Swiss francs from 6.2 million francs a year earlier.
  METG.S 
    
    

 (Reporting by Zurich newsroom)
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
 
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