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Monday, February 24, 2014

Swiss stocks - Factors to watch on Feb 24

ZURICH Mon Feb 24, 2014 12:39am EST





ZURICH Feb 24 (Reuters) - The following are some of the main factors expected to affect Swiss stocks on Monday:



Switzerland's defence minister said it was "unthinkable" that his country's accords with the European Union would be terminated as result of a referendum to curb immigration, saying threats of retaliation by the bloc were overblown.



A void is appearing in the upper reaches of the world's biggest and most powerful financial market as banks struggle to replace currency traders suspended or fired during a global investigation into allegations of foreign exchange rate-rigging.



Credit Suisse Group AG agreed to pay $196.5 million and admit wrongdoing to settle U.S. Securities and Exchange Commission charges that it provided cross-border brokerage and investment advisory services to U.S. clients without first registering with the regulator.



Archer Daniels Midland Co, one of the world's top grain traders, said on Friday it will not accept crops containing a new genetically modified Syngenta AG corn trait until major importers approve the strain.



* Acino said it appointed Jostein Davidsen to take over as CEO by mid-May at the latest.









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