The housing market in the canton of Glarus is experiencing stable demand amid limited supply, with a notable increase in residential rents by 4.5% last year. While home prices have stabilized following interest rate hikes, the recent drop in rates has revived demand, particularly for condominiums, which saw a 2.1% price increase year-on-year in Q2 2024. The outlook remains positive, with expectations of continued demand and rising rents for new apartments, although existing tenancy rents are likely to stabilize.
06:34 08.10.2024
VPBank is enhancing its recruitment of young talent through the Prosperity 2024 Scholarship Program and the Future VPBanker Scholarship, offering nearly VND2 billion in scholarships for outstanding students in business, finance, and IT. The initiative aims to support students' career development and strengthen VPBank's position as a leading employer in Vietnam. With nearly 100 scholarships available, the program emphasizes academic excellence, leadership skills, and social contributions, reflecting the bank's commitment to nurturing future talents for a prosperous Vietnam.
05:40 08.10.2024
Cold progression, resulting from salary increases leading to higher tax burdens due to progressive tax rates, will be countered by annual adjustments to cantonal and municipal tax rates based on the national consumer price index. For the 2025 tax year, these adjustments, reflecting an inflation rate of 1.31% from June 2023 to June 2024, are expected to reduce annual revenue by approximately CHF 220,000 for the canton, CHF 230,000 for municipalities, and CHF 15,000 for parishes.
05:39 08.10.2024
Asian markets are poised for a mixed opening, with the Nikkei down 0.80% and KOSPI down 0.70%, while the ASX rises 0.18%. As China returns from its Golden Week holiday, a potential rally in Chinese equities hinges on upcoming policy support announcements from the NDRC. The Hang Seng Tech Index shows upward momentum, but caution is advised due to possible bearish divergences in technical indicators.
IG
05:37 08.10.2024
Pro Medicus (ASX: PME) holds a modest 7% share of the US market, presenting significant growth potential, according to Goldman Sachs, which maintains a Buy rating. Investors in growth stocks should consider price pullbacks as buying opportunities while balancing risk through a diversified portfolio.
IG
05:36 08.10.2024
Scanner BENEFITSTRACK GLOBAL REGULATORY CHANGE offers automated updates from over 300 regulatory sources across 60 jurisdictions, helping businesses minimize risk by staying informed about compliance obligations. With a customizable dashboard, users can filter updates by jurisdiction and regulatory area, while sophisticated machine translation ensures all updates are accessible in English. Additionally, practical analysis and commentary from expert editors provide insights into key regulatory trends, enabling businesses to take informed action.
Electric vehicle maker Fisker is under investigation by the SEC for potential violations of federal securities laws related to its Chapter 11 bankruptcy filing. The SEC has raised concerns that Fisker's bankruptcy plan fails to adequately preserve the agency's regulatory powers and corporate records, leading to multiple subpoenas issued to the company.
Glarner Kantonalbank released its 2024 real estate market report on October 7, providing crucial insights into the Swiss real estate sector. The bank's share price increased by 0.88% to EUR 22.80, with a market capitalization of EUR 307.8 million and a dividend yield of 4.82%. Analysts indicate a pressing need for action among shareholders, prompting discussions on whether to buy or sell.
01:50 08.10.2024
The Bank of Queensland (BOQ) plans to cut approximately 400 staff, or 13%, by December 2024, aiming for A$250 million in cost savings by FY 2026. The bank will also incur A$115 million to A$125 million in pre-tax costs to convert 114 branches to corporate operations, with an expected annual cash NPAT benefit of A$20 million starting FY 2026. However, significant risks remain, including operational challenges and regulatory scrutiny, leading to a negative market sentiment and a maintained Sell rating on BOQ.
IG
00:22 08.10.2024
Robust US employment numbers have prompted a shift in Federal Reserve rate expectations, challenging previous assumptions of steep cuts. The dollar has strengthened, and the 10-year Treasury yield has risen to 3.985%, suggesting a potential pivot in investment strategies towards risk assets like US equities. This economic resilience indicates a likelihood of rate stabilization, leading to a global reshuffling of capital allocations.
IG
00:19 08.10.2024
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