Swiss stocks - Factors to watch on May 29
29/05/2020 05:37
ZURICH/BERLIN, May 29 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
BANKING UBSG.S CSGN.S
A U.S. judge said institutional investors can pursue much of
their lawsuit accusing 15 major banks, including UBS and Credit
Suisse, of rigging prices in the $6.6 trillion-a-day foreign
exchange market.
CREDIT SUISSE
The bank plans to reshape how it lends to billionaire
clients at the international wealth management division,
especially loans that are backed by hard-to-sell assets,
Bloomberg reported. urn:newsml:reuters.com:*:nL4N2DA413
SELECTA
U.S. buyout group KKR KKR.N is preparing to inject funds
into the vending machine company, which is saddled with debts
and faces a loss of business due to the coronavirus crisis, four
sources close to the matter said. urn:newsml:reuters.com:*:nL8N2D9322
COMPANY STATEMENTS
* Kudelski KUD.S said its Nagra division and the
International Hockey Federation signed a ten-year partnership to
operate a consumer sports platform. urn:newsml:reuters.com:*:nFWN2DA0IX
* Perfect Holding PRFN.S said it was approached by a third
party "interested in discussing a possible transaction". It
added that it has delayed the publication of the 2019 annual
report and the annual shareholders' meeting in order to assess
the situation. https://bit.ly/2XDKtK5
* Rieter RIEN.S said it expects a loss in the mid
double-digit million Swiss franc range in the first half of 2020
and plans to introduce short-time working to adjust capacity in
Switzerland and Germany. https://bit.ly/2M6Xy9r
ANALYSTS' VIEWS
BERNER KANTONALBANK BEKN.S - Moody's affirms Aa2 deposit
and A2 senior unsecured debt ratings; outlook remains stable
ECONOMY
* Swiss May KOF indicator due at 0700 GMT, seen at 70.0
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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