Swiss stocks - Factors to watch on Sept 16

Eeii AG

16/09/2016 05:43

ZURICH, Sept 16 (Reuters) - Here are some of the main 
factors that may affect Swiss stocks on Friday: 
     
    SYNGENTA  SYNN.S  
    Argentina's new proposal to enforce seed makers' ability to 
collect royalty payments from grain farmers who use their seed 
technology more than once contains "worrying" elements, the 
Latin America head of Syngenta told Reuters.  urn:newsml:reuters.com:*:nL2N1BR20V 
    For more news see  SYNN.S-E  
       
    COMPANY STATEMENTS  CPR-CH  
    * Logitech International SA  LOGN.S  acquired Mad Catz 
interactive's Saitek brand, Saitek line of flight, space 
simulation game controller assets for $13 million in cash; says 
acquisition not material to financial results 
    * Novartis  NOVN.S  said detailed results from a Phase II 
study in chronic migraine prevention showed patients on AMG 334 
(erenumab) were significantly more likely to experience a 50 
percent or more reduction in monthly migraine days compared to 
placebo. AMG 334 is being co-developed by Novartis and Amgen 
 AMGN.O  
    * Swiss Life  SLHN.S  said it successfully placed a 600 
million euro undated subordinated bond, first callable in May 
2027 with a coupon until the first call date at 4.5 percent. The 
proceeds will be used for general corporate purposes, including 
future refinancing of outstanding subordinated debt instruments 
in accordance with applicable laws and regulations.  SLHN.S  
    * EEII AG  EIC.S  said Heinz-Dieter Waffel will resign from 
his position as chairman of the board effective Sept 30 because 
he reached retirement age. Victor Lorenz Gnehm, currently vice 
chairman, will fill in as his successor until the next ordinary 
general meeting of shareholders.  EIC.S  
     
    ECONOMY  M-CH  
     
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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Keywords: MARKETS SWISS STOCKS/