ZURICH Aug 28 Swiss stocks were expected to
open lower on Wednesday, in line with European markets as
concerns over a possible U.S.-led military strike against the
Syrian government sapped risk appetite.
The Swiss blue-chip SMI was seen down 0.3 percent at
7,864 points, according to premarket indications by bank Julius
The following are some of the main factors expected to
affect Swiss stocks on Wednesday:
A new paper on a tax deal with the United States was
presented to and discussed by the board of the Swiss Bankers
Association, the TagesAnzeiger newspaper reported on Wednesday.
Under the programme, banks that could come into the
crosshairs of the U.S. justice authorities will be subject to
fines among other conditions.
For accounts containing untaxed U.S. money that were set up
after February 2009, banks will have to pay a fine equivalent to
50 percent of the value of the account's assets, the paper said.
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Swiss cement maker Holcim said on Wednesday it would
exchange some assets and combine others with Mexican peer Cemex
in Europe, with the aim of boosting operating profit
by at least 20 million euros ($26.8 million).
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Roche's experimental eye drug helped slow the progression of
an advanced form of age-related macular degeneration (AMD), the
drugmaker said on Tuesday, potentially boosting its chances in
the lucrative eye drug market.
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* Adecco said Jacobs Holding AG reported a
shareholding in Adecco S.A. of 18.43 percent.
* Walliser Kantonalbank said Martin Kuonen will step
down at the end of February 2014 as head of its finance, risk
and services unit.
* Baloise Holding said several collective
investment schemes, managed by Credit Suisse Funds AG, together
dropped below the threshold of 3 percent.
* Emmi publishes its first-half earnings release.
* UBS consumption indicator due at 0600 GMT.