SWISS DAYBOOK: Credit Suisse, Nestle, Burckhardt Compression
Credit Suisse Group AG (CSGN) is investigating employees of its U.S. desk for ignoring the bank’s rules for U.S. customers, including sending e-mails from private addresses, and for lying to the company’s lawyers, Tages- Anzeiger reported, citing unnamed people familiar with the matter.
EQUITIES: *Nestle, the world’s largest food company, is in talks to buy Russian babyfood producer Progress, Kommersant reported, citing unidentified people with knowledge of the deal *Vontobel, a Zurich-based bank and asset manager, aims to attract more American clients even as Switzerland struggles to reach a solution to a tax dispute with the U.S., Chief Executive Officer Zeno Staub said *Partners Group invests in French wind sector *Walter Meier buys ML System, a Danish maker of humidification systems *Burckhardt Compression revised its guidance, saying it sees its EBIT margin near the middle of 10 percent to 20 percent *Newron Pharmaceuticals reported a first-half loss of 800,000 euros ($1.11 million) *Gurit said first-half sales excluding currency shifts rose 17 percent
ECONOMY: *Economy Minister Johann Schneider-Ammann speaks around noon
MARKETS: *The SMI rose 0.5 percent to 5,528.91 *The SPI increased 0.5 percent to 5,034.15 *The Stoxx Europe 600 Index gained 0.7 percent to 230.47 *The MSCI Asia-Pacific Index was down 0.2 percent at 7:12 a.m. Zurich time *Euro-franc traded at 1.2129 at 7:12 a.m. Swiss time.
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