Swiss stocks - Factors to watch on August 29
ZURICH/GDANSK, Aug 29(Reuters) -Here are some of the main factors that may affect Swiss stocks on Thursday:
Swiss court convicts two executives over $1.8 billion 1MDB fraud
The Swiss Federal Criminal Court convicted on Wednesday two executives at an oil exploration company for embezzling more than $1.8 billion from Malaysia's state investment fund 1MDB.
Switzerland to scrap ban on building nuclear power stations
The Swiss government said on Wednesday it plans to overturn a ban on building new power plants to strengthen local energy supply at a time of increased geopolitical tension.
COMPANY STATEMENTS
Lonza LONN.S Says Co Prices EUR 1.2 Bln Dual-Tranche Straight Bonds
Galderma GALD.S Successfully Issued An Inaugural CHF 500 Million Bond
RATING CHANGES
STADLER RAIL AG SRAIL.S - JP MORGAN CUTS TARGET PRICE TO CHF 25.40 FROM CHF 27
SIEGFRIED HOLDING AG SFZN.S - RBC RAISES TARGET PRICE TO CHF 1,125 FROM CHF 880
ECONOMY
No major Swiss economic data scheduled.
Reporting by Zurich newsroom and Gdansk newsroom
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