October 28, 2019 / 6:04 AM / a month ago

Swiss stocks - Factors to watch on October 28

ZURICH/BERLIN, Oct 28 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1% higher at 10,208 points on Monday, according to premarket indications by bank Julius Baer .

Here are some of the main factors that may affect Swiss stocks:

UBS

UBS wants Iqbal Khan, the co-head of its wealth management business, to drop his criminal complaint over a spying scandal which emerged after he left cross-town rival Credit Suisse , it was reported on Sunday.

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CLARIANT

Saudi Basic Industries Corp. (SABIC) has no intention of selling its stake in Clariant but has assessed it as it does all its investments, CEO Yousef al-Benyan said on Sunday after taking a $400 million impairment loss on the stake.

COMPANY STATEMENTS

* Richemont said it is forming a joint venture with Israeli fashion designer Alber Elbaz called AZfashion

* Orior said Andeas Lindner is the new chief financial officer.

* Autoneum said it had appointed Bernhard Wiehl as CFO of the struggling car industry supplier.

* Baumgartner is now 99.06% owned by Behr Bircher Cellpack, according to provisional results of the public tender offer.

ECONOMY

No major economic data scheduled (Reporting by Zurich newsroom and Berlin Speed Desk)

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