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UBS CEO Sergio Ermotti defended the bank's current capital requirements, asserting they are sufficient and should be effectively communicated. He emphasized the importance of UBS's contributions to Switzerland's financial stability and economy, while advocating for a public liquidity backstop for systemically important banks. Meanwhile, the US economy showed signs of slowing, with a 2.3% GDP growth in the fourth quarter of 2024.
Elon Musk declined a dinner invitation from Nicolai Tangen, CEO of Norway’s $1.7 trillion wealth fund, after the fund voted against his $56 billion pay package, which has since appreciated to around $100 billion. Musk expressed disappointment, stating, “friends are as friends do,” and questioned Tangen about potential media leaks of their messages. Tangen clarified that under Norway’s transparency laws, all communications are public, and he wished Musk luck as a shareholder.
Elon Musk declined a dinner invitation from Nicolai Tangen, head of Norway's $1.7 trillion oil fund, after the fund voted against his $100 billion pay package. Musk criticized Tangen for not being a good friend and expressed that attending would be "very difficult and expensive." Tangen clarified that the messages were public information and wished Musk well as a major Tesla shareholder.
UBS plans a capital increase of approximately CHF 350 million for the UBS (CH) Property Fund - Swiss Mixed "Sima" at the end of April or early May, aimed at funding property acquisitions, renovations, and debt repayment. The exact terms will be revealed in early April, with the fund focusing on residential and commercial properties in major Swiss cities. In other news, Logitech has raised its outlook following strong holiday sales, while Nestlé is set to invest $1 billion in expanding production in Mexico.
UBS benefits from a de facto state guarantee, leading to an estimated annual subsidy of CHF 2.6 billion due to reduced financing costs, according to a University of Bern analysis. Meanwhile, President Donald Trump is restructuring the Department of Justice, dismissing prosecutors involved in investigations against him and freezing funding programs, raising concerns over the separation of powers. In other news, Saïda Keller-Messahli faces defamation charges for her claims about Swiss mosques, and the Munich prosecutor's office investigates real estate mogul René Benko for fraud.
Elon Musk and Nicolai Tangen, CEO of Norway's oil fund, had a clash after the fund voted against Musk's $56bn pay package, the largest for a CEO in the U.S. Musk declined Tangen's dinner invitation, expressing disappointment over the vote. The oil fund has a history of opposing excessive executive compensation, emphasizing performance-based pay.
The number of externally funded professorships in Switzerland has surged by 13% over five years, with significant growth at the University of Bern, raising concerns about potential dependency on private funding. While some academics advocate for maintaining scientific independence, others argue that corporate sponsorship can enhance research quality if managed properly. Universities are adopting varied strategies, with some rejecting external funding entirely, while others embrace it, highlighting the ongoing debate over the influence of private money in academia.
Swiss investors can benefit from tax-free dividends, which do not require withholding tax reclamation and are exempt from income tax. This makes it essential to compare the dividend yield of companies with tax-free distributions to the after-tax yields of others for accurate assessments.
Nestlé S.A. has seen a significant increase in short interest, rising 281% in December, with 112,400 shares shorted. Analysts have mixed ratings on the stock, with one sell, seven holds, one buy, and two strong buys, leading to an average "Hold" rating. The company's shares traded at $81.22, with a 12-month range of $80.30 to $115.91.
Nestlé (Malaysia) Berhad's stock has declined 36% over the past five years, with a 22% drop in the last year alone, shedding RM933 million in value recently. Despite a total shareholder return of -30% over five years, the company's earnings per share fell at a slower rate than its share price, indicating market overconfidence. Shareholders are facing a total loss of 5% per year, prompting concerns about the company's long-term performance.
Nestlé S.A.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs ceo defends capital requirements amid calls for increased equity measures
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