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Swiss companies abandon diversity targets in the United States

Swiss pharmaceutical giants Roche and Novartis have abandoned their diversity, equity, and inclusion (DEI) targets in the USA, following new political guidelines from the Trump administration that label such measures as "illegal and wasteful." Roche has informed its global workforce that DEI targets will no longer be publicly communicated, while UBS has removed DEI references from its reports. Other Swiss firms like ABB and Nestlé are currently maintaining a low profile but may adjust their policies based on local conditions.

finma director suggests phased capital strengthening for swiss bank ubs

Stefan Walter, director of FINMA, indicated that the capital strengthening of UBS may be implemented in stages over several years, emphasizing the importance of proper solutions over rushed decisions. He affirmed that UBS should not expect leniency regarding the full capital support for its foreign subsidiaries, a point of contention for bank executives. Walter also noted that Switzerland's adherence to Basel III regulations is beneficial for its economy, asserting that UBS is not over-regulated compared to global standards.

former credit suisse manager fined for failing to report money laundering

The former head of risk and compliance at Credit Suisse has been fined CHF100,000 ($114,000) for failing to report suspicions of money laundering related to the Mozambique financing scandal. Despite being aware of suspicious activities, he did not notify the Money Laundering Reporting Office in Switzerland. The scandal involved $2 billion in loans to Mozambican state-owned companies, with significant funds being misappropriated.

Swiss stock market edges up as Oerlikon and Basilea report strong results

The Swiss stock market closed slightly higher, with the SMI rising 0.15% to 12,893.98 points, buoyed by gains in cyclical and financial stocks. Notable performers included OC Oerlikon (+8.7%) and Basilea (+8.3%), while Lonza (-2.7%) and Siegfried (-6.3%) faced declines due to conservative outlooks. Encouraging economic signals from Germany and the USA contributed to a positive market sentiment.

Swiss stock market dips as labor data and tech sector woes weigh down indices

The Swiss stock market experienced a slight decline, with the SMI closing 0.24% lower at 12,593.34 points, marking its first loss after six weeks of gains. Swisscom and Holcim saw gains amid merger rumors, while financial stocks like Julius Baer and Partners Group faced significant losses. The US labor market data influenced investor sentiment, with employment growth slightly below expectations but a drop in the unemployment rate to 4%.

us tech stocks face pressure as earnings reports and economic data emerge

US tech stocks faced pressure as Alphabet's shares dropped over 8% following disappointing cloud earnings, while AMD fell nearly 10% amid concerns over its AI processor competitiveness against Nvidia. In contrast, Broadcom rose 4% due to its ties with Alphabet. The dollar weakened amid geopolitical uncertainties and mixed economic data, while gold prices reached a record high.

swiss equities decline as UBS shares slump amid financial market uncertainty

Swiss equities faced a downturn, with the SMI index dropping 0.57% to 12,475.49 points, primarily due to a 7.1% decline in UBS shares amid capital concerns despite positive results. The market remains volatile, influenced by ongoing tariff disputes, particularly with China. Notable losers included Swatch (-3.2%) and Sonova (-3.4%), while Medacta stood out with an 11% gain following strong sales figures.

Swiss stock market declines as UBS and Sonova shares fall sharply

The Swiss stock market faced a downturn, with the SMI index dropping below 12,500, primarily due to a significant decline in UBS shares amid capital concerns. While some companies like Lonza and Medacta saw gains, others, including Swatch and Sonova, struggled as uncertainty from international tariff disputes continued to weigh on investor sentiment.

global markets decline as trump tariffs raise economic concerns

The Swiss stock market closed lower, with the SMI down 0.40% amid global concerns over Donald Trump's new tariffs on key trading partners, which investors fear could harm the economy. While the services sector in Switzerland showed growth, manufacturing faced significant challenges, leading to workforce cuts. Notable stock movements included Julius Bär dropping 12.7% and Lonza rising 2.7%.

UBS reduces ABB price target to 49 francs maintains neutral rating

UBS has reduced its price target for ABB from 50 to 49 francs while maintaining a "Neutral" rating. Analyst Andre Kukhnin noted a balanced risk-reward profile for the automation group, incorporating current currency trends and more conservative margin expectations into his analysis.
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