Swiss stocks - Factors to watch on August 16
16/08/2021 05:50
ZURICH/BERLIN, Aug 16 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
UBS UBSG.S
Chief Executive Ralph Hamers wants to introduce a
comprehensive, unified information technology platform that
would let Switzerland's biggest bank react more quickly to
client demand and cut costs, but is meeting internal resistance,
the SonntagsZeitung paper reported, citing an anonymous source.
CREDIT SUISSE CSGN.S
Deutsche Bank Wealth Management said on Monday it has hired
three executives from Credit Suisse to work across Southeast
Asia as part of an ongoing expansion strategy for the region.
urn:newsml:reuters.com:*:nL4N2PN15A
COMPANY STATEMENTS
* Metall Zug METN.S swung to a first-half net profit of
22.3 million Swiss francs ($24.3 million) on sales of 302.8
million Swiss francs. METN.S
* Rieter RIEN.S said it has acquired three businesses from
Saurer for 300 million euros ($353.8 million). RIEN.S
ANALYSTS' VIEWS
SWISS RE AG SRENH.S : JEFFERIES RAISES TARGET PRICE TO CHF
92 FROM CHF 90
ECONOMY
SNB Sight Deposits due at 0800 GMT.
($1 = 0.9160 Swiss francs)
($1 = 0.8480 euros)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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