ZURICH, April 24 The Swiss blue-chip SMI
was seen opening 1.1 percent higher at 8,647 points on
Monday, according to premarket indications by bank Julius Baer
The following are some of the main factors expected to
affect Swiss stocks.
LafargeHolcim Chief Executive Eric Olsen will leave the
company in July, the world's largest cement maker said on
Monday, in the wake of an investigation into allegations the
company paid armed groups in Syria to keep a plant
The pesticides and seeds group that is being acquired by
ChemChina said first quarter sales slipped 1 percent to
$3.74 billion as growth in Asian corn seed markets was offset by
lower demand for fungicides and herbicides in Latin America.
Credit Suisse will not decide on how it wants to raise fresh
capital until after this week's annual general meeting,
SonntagsZeitung reported on Sunday. The Swiss bank is
considering a quick-fire share sale or listing 20 to 30 percent
of its Swiss business in order to raise between 3 and 6 billion
Swiss francs ($3 - 6 billion) in new capital, the Swiss
newspaper said, citing sources close to Chairman Urs Rohner.
SWISS NATIONAL BANK
The Swiss National Bank (SNB) is ready to use its available
policy tools to stem any upward pressure on the Swiss franc that
might result from France's presidential elections, SNB Chairman
Thomas Jordan said in an interview with Bloomberg TV.
* Glarner Kantonalbank raised first-quarter net
profit by 27 percent to 4.9 million Swiss francs.
* lastminute.com will propose a new share buyback
program of up to 10 percent of current share capital, or 18
million euros, at its annual general meeting on Friday. Subject
to approval, the buyback will begin May 3.
($1 = 0.9968 Swiss francs)
(Reporting by Zurich newsroom)