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Sergio Ermotti dominated Swiss media in 2024 with 4,755 mentions, significantly outpacing other business leaders. Despite a 29% drop from 2023, he remains the most prominent figure, while Thomas Jordan and Thomas Schlegel follow with 3,973 and 2,608 mentions, respectively. The media landscape also saw notable mentions related to the Benko scandal and political initiatives against the EU.
Partners Group faced backlash after a crucial exam for its Financial Analyst Program revealed that questions were identical to those from the previous year, benefiting prepared candidates. In response to concerns about fairness, the company excluded the disputed test results and required finalists to take a new financial modeling test.
Donald Trump demands NATO countries increase military spending to 5% of GDP, while the EU faces rising debt and discontent among its member states. Switzerland, thriving through various industries, resists EU integration, with political leaders struggling to gain public support for a contentious treaty that may face significant opposition in upcoming elections.
Billionaires leading the anti-EU Compass initiative are struggling to gather enough signatures, with a focus on Switzerland's annual payment of 350 million to the EU despite a trade imbalance favoring Switzerland. The NZZ supports the treaty, highlighting vague protections for workers and warning that rejecting it could lead to unfavorable terms in future negotiations.
The Swiss stock exchange closed lower, with the SMI down 0.26% at 11,384.92 points, marking a 3% loss over the week and reducing year-to-date gains to just 2%. Investor uncertainty stems from the Federal Reserve's cautious approach to interest rate cuts and concerns over a potential U.S. government shutdown. Notable declines were seen in UBS, Partners Group, and various insurance companies, while Idorsia plummeted 50.35% due to delays in drug negotiations.
Bitcoin's price dropped to $92,118, marking its lowest since early December, following a record high of $108,364 earlier in the week. The decline is attributed to investor concerns over inflation and interest rate signals from the US Federal Reserve, prompting a shift towards safer investments. Meanwhile, the Swiss bond market remains stable as traders prepare for the new year, with minimal activity noted ahead of key US economic data releases.
EU President Ursula von der Leyen returned to Brussels without a finalized submission treaty after the Swiss Federal Council opted for a piecemeal approach to negotiations, fearing public backlash. This decision marks a significant victory for EU opponents in Switzerland, delaying any agreements until at least 2026.
Robert Rackind, former global head of real estate at Credit Suisse, now leads FACT II Acquisition Corp, a SPAC targeting real estate investment managers amid a challenging market. He emphasizes the advantages of SPAC mergers for faster liquidity and capital access, particularly for mid-sized firms struggling against larger competitors. The current landscape, marked by a decline in SPAC activity and traditional IPOs, presents unique opportunities for strategic growth in the real estate sector.
The Swiss stock exchange closed down for the third consecutive day, with the SMI Index falling 1.01% to 11,642.39 points, marking its sharpest decline in nearly a month. Investor caution prevailed ahead of key economic data, including US inflation figures and upcoming rate decisions from the Swiss National Bank and the European Central Bank.In the market, Richemont and other economically sensitive stocks like ABB and Geberit faced declines, while Nestlé hit a new yearly low. The financial sector was impacted by discussions surrounding UBS's takeover of Credit Suisse, with several insurance companies also struggling.
The proportion of women on the boards of directors at Switzerland's 30 largest listed companies has stagnated at 35%, while the figure for management boards in the Swiss Leader Index is lower at 25%, despite a 4% increase this year. Adecco leads with 50% female representation, followed by Holcim at 45%, and both Straumann and Partners Group at 43%. The Federal Council's future requirements call for a minimum of 30% women on boards and 20% on executive boards.
Axon Partners Group, S.A.
Companies
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Sergio Ermotti leads Swiss media mentions despite decline in visibility
Swiss Franc
Euro
United States Dollar
Axon Partners Group, S.A.
Raiffeisen-Osteuropa-Rent
Julius Bär Gruppe AG
Swiss Federal Railways (Schweizerische Bundesbahnen)
CHE
René Benko
Alfred Gantner
Romeo Lacher
Urs Wietlisbach
Thomas Jordan
Thomas Schlegel
Mario Irminger
Peter Fanconi
Giorgio Pradelli
Kubra Khan
Philipp Hildebrand
Urs Baumann
Colm Kelleher
Peter Spuhler
Heinz Huber
Vincent Ducrot
Roberto Cirillo
Marlene Amstad
Philipp Rickenbacher
Sergio Ermotti
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07:43 31.12.2024
partners group faces backlash over exam controversy for financial analyst program
07:58 23.12.2024
swiss eu framework agreement faces skepticism amid political challenges and crises
United States Dollar
Axon Partners Group, S.A.
EMS-CHEMIE HOLDING AG
USA
CHE
UKR
Donald Trump
Christoph Daum
Magdalena Martullo-Blocher
Gerhard Pfister
Valentin Ade
Raphaela Birrer
Vladimir Putin
Viola Amherd
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Ursula von der Leyen
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21:14 21.12.2024
billionaires struggle to gather support against eu treaty in switzerland
07:47 21.12.2024
swiss stock exchange declines as investors react to economic uncertainties
Swiss Franc
United States Dollar
Hoffmann-La Roche AG
S Tempo Swiss Life AM
Novo Nordisk A/S
Axon Partners Group, S.A.
ABB Ltd
Holcim AG
Nestlé S.A.
Zurich, Agence générale Christian Meier SA
Ypsomed Holding AG
Novartis AG
Credit Suisse Real Estate Fund Siat
Sika AG
Swiss Re AG
Idorsia Ltd
Geberit AG
CHE
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17:45 20.12.2024
bitcoin price plummets amid interest rate concerns and market uncertainty
Axon Partners Group, S.A.
Swiss Re AG
Idorsia Ltd
Novo Nordisk A/S
Timo Emden
Jerome Powell
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07:11 20.12.2024
swiss government retreats on eu treaty negotiations amid rising opposition
Swiss Franc
Axon Partners Group, S.A.
CHE
Viola Amherd
Karin Keller-Sutter
Stephan Rietiker
Ursula von der Leyen
Nicolas Rimoldi
Simon Michel
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06:42 18.12.2024
SPACs Offer New Growth Opportunities for Real Estate Investment Managers
13:47 12.12.2024
Swiss stock exchange declines for third consecutive day amid economic concerns
Japanese Yen
United States Dollar
Euro
Swiss Franc
Chinese Yuan
Holcim AG
Swiss Life Holding AG
Sika AG
ABB Ltd
Novartis AG
Hoffmann-La Roche AG
Zurich, Agence générale Christian Meier SA
Credit Suisse Real Estate Fund Siat
Axon Partners Group, S.A.
Nestlé S.A.
Swiss Re AG
Geberit AG
CHE
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17:43 10.12.2024
Proportion of Women Directors in Swiss Companies Remains Stagnant at 35 Percent
09:28 07.12.2024
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