Swiss stocks - Factors to watch on Aug 18
18/08/2017 05:52
ZURICH, Aug 18 (Reuters) - Here are some of the main factors
that may affect Swiss stocks on Friday:
NOVARTIS, ROCHE
U.S. House Democrats said on Thursday they were launching an
investigation into why prices for multiple sclerosis (MS)
treatments have nearly quintupled since 2004, and they sent
letters requesting information from seven drugmakers including
Novartis AG NOVN.S and Roche ROG.S urn:newsml:reuters.com:*:nL2N1L30Z6
STRAUMANN STMN.S
The dental implants maker on Thursday announced and then
cancelled plans to place 400,000 treasury shares -- or roughly
2.6 percent of all its outstanding shares -- to institutional
investors to finance acquisitions and investments announced
that day. It said a discount of more than 2 percent was not
warranted and it was pursuing other options.
STMN.S-E
NESTLE NESN.S
A lawsuit accuses Nestle of violating the rights of Atari
ATAR.PA by using without permission the classic 1970s video
game "Breakout" in a new marketing campaign for its Kit Kat
chocolate-covered wafers. urn:newsml:reuters.com:*:nL2N1L400X
BANKS
Deutsche Bank AG DBKGn.DE and Bank of America Corp BAC.N
agreed to pay a combined $65.5 million to settle investor
litigation accusing large banks of rigging the roughly $9
trillion government agency bond market over a decade. Other
banks including Credit Suisse CSGN.S have also been sued and
sought dismissals. urn:newsml:reuters.com:*:nL2N1L31SY
COMPANY STATEMENTS CPR-CH
* Schweiter Technologies AG SWTQ.S said a temporary
increase in raw material costs and one-off effects led to a
lower operating profit in H1 in comparative terms; expects H2
business to develop favourably, with operating result at least
on a par with first half urn:newsml:reuters.com:*:nASM000E1Y
* Kuehne und Nagel KNIN.S announced a new multi-year
contract with Daimler's DAIGn.DE Mercedes-Benz Vans, LLC
providing production logistics. KNIN.S
ECONOMY M-CH
A gfs.bern poll showed 53 percent of people surveyed back a
plan to raise the VAT rate to finance pension reform.
Switzerland holds a referendum on the plan on Sept. 24.
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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