CREDIT SUISSE Credit Suisse has lodged a $440 million claim against Japan's SoftBank Group Corp in London as it presses ahead with formal proceedings in a dispute borne from the failure of Greensill Capital, a finance firm. Separately, Credit Suisse Group AG's dealmakers, hoping to secure jobs after UBS Group AG's rescue takeover, are struggling to dispel fears about a culture clash and many will be disappointed, sources familiar with the talks told Reuters. And Bloomberg News reported Credit Suisse veteran banker Alois Mueller is retiring from the lender. Separately, the FT reported that Singapore bondholders are preparing to sue Switzerland over the Credit Suisse case.
SWISS NATIONAL BANK Swiss inflation may be low compared to other countries but is still too high, Swiss National Bank Vice Chairman Martin Schlegel said on Wednesday, hinting at possible further interest rates ahead.
NESTLE Nestle investors warn of 'systemic risks' from unhealthy foods, reported the Financial Times.
SIKA Australia's competition regulator said it would not oppose Sika's 5.5 billion Swiss franc ($6.12 billion) takeover of MBCC Group, only if the Swiss chemicals maker divested MBCC Group's entire business in Australia and New Zealand.
NOVARTIS Amgen Inc convinced a U.S. appeals court on Wednesday to uphold patents that bar generic versions of its blockbuster psoriasis drug Otezla proposed by Zydus Pharmaceuticals and Novartis AG's Sandoz Inc until 2028.
ROCHE Roche said the U.S. FDA approved Polivy in combination with R-CHP for people with certain types of previously untreated diffuse large B-cell lymphoma.
SCHINDLER HOLDING Schindler Holding reported first-quarter earnings before interest and taxes (EBIT) of 282 million Swiss francs ($314.45 million).
COMPANY STATEMENTS
* Achiko AG said it continues to struggle to
connect production to sales in Indonesia.
*Peace Property Group AG announced Chief Executive
Thomas Wolfensberger has resigned. EX-DIVIDEND
TECAN - 2.90 CHF/shr dividend
ECONOMY No major Swiss economic data scheduled. ($1 = 0.8968 Swiss francs) (Reporting by Zurich newsroom and Berlin Speed Desk)
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