UBS is poised to enhance its position in the Chinese securities market by acquiring the 33 percent stake in UBS Securities currently held by Beijing State-owned Asset Management for approximately $207 million. This move will give UBS full control of the joint venture, following its recent divestment of a stake in Credit Suisse Securities (China). However, UBS's deepening ties in China raise concerns amid ongoing geopolitical tensions, particularly due to its investments in companies on the US sanctions list.
08:06 26.11.2024
Route Mobile shares rose over 3% to Rs 1,460 on November 26, marking the largest increase in 15 weeks, despite a 9% decline this year, contrasting with the Nifty 50's 10% gain. On November 22, Route Mobile UK approved the acquisition of 75 lakh shares in PT Route Mobile Indonesia, securing a 99.9% stake in the company, which specializes in omni-channel communication services.
S&P Global Ratings has revised the Philippines' credit outlook to positive, moving the country closer to achieving an 'A' sovereign rating. The long-term foreign currency debt rating remains at BBB+, reflecting the impact of fiscal reforms, enhanced infrastructure, and a supportive policy environment that have sustained strong economic growth over the past decade.
Starting January 2025, uniform contribution assessment ceilings for East and West Germany will be set at €8,050 monthly for pension and unemployment insurance, and €5,512.50 for health and long-term care insurance. The annual earnings limit will rise to €73,800, allowing those above it to opt for private health insurance. Additionally, the average supplementary contribution rate for statutory health insurance will increase by 0.8 percentage points to 2.5%, while long-term care insurance contributions will rise to 3.6%, pending approval.
Maerki Baumann, a Zurich-based private bank, will establish a Technology Advisory Board in early 2025, led by Marc Bernegger, alongside Alexander Ilic and Sandra Tobler. The board aims to enhance the bank's focus on disruptive technologies and support digital transformation, ensuring a competitive edge in private banking.
Migrant workers in the UAE's renewable energy sector face severe exploitation, including wage theft, illegal working hours, and withheld passports, according to a report by Equidem. The investigation highlights systemic abuse within a complex supply chain, with many workers reporting conditions akin to forced labor. Despite the UAE's rapid growth in renewable energy, these violations raise urgent concerns about human rights in a sector that should promote sustainable practices.
Real estate in Zurich is experiencing an increase in supply and a decrease in prices, particularly for new builds, which now cost about 10% more than older apartments, down from a 20% premium a decade ago. Buyers are seeing more opportunities for price reductions, with over half of single-family home sales this year closing below the asking price. Additionally, the canton of Zurich is set to update the imputed rental value for tax purposes, likely resulting in significant increases for many property owners.
The 5G In Healthcare Market is poised for significant growth from 2024 to 2031, driven by advancements in technology and evolving market dynamics. The comprehensive report analyzes regional markets, competitive landscapes, and key segments, providing insights into consumption trends, pricing strategies, and investment opportunities. Major players such as Ericsson, Verizon, and GE Healthcare are highlighted, alongside an assessment of challenges and future market prospects.
Google has proposed new changes to its search results in Europe to address complaints from smaller rivals about reduced traffic due to previous adjustments. Under the Digital Markets Act, which prohibits favoritism, the company aims to balance the needs of price-comparison sites, hotels, and retailers while testing a return to a simpler search format in select countries. Violations of the DMA could result in fines of up to 10% of global turnover.
European markets are set to open lower as investors react to potential tariff increases from President-elect Donald Trump, who plans to impose a 10% tariff on all Chinese goods and 25% on products from Mexico and Canada. Gold prices fell nearly 3.5% following these announcements, while buyback strategies in Europe continue to show strong performance despite the overall market gloom. Meanwhile, the Dow Jones and S&P 500 reached all-time highs, buoyed by optimism surrounding Trump's Treasury pick, Scott Bessent.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings