Glarner Kantonalbank (GLKB) demonstrates resilience in a tough market, with shares rising 0.86% to EUR 23.50 and a monthly gain of 3.79%. The bank plans to distribute a dividend of EUR 1.10 per share for 2024, offering a 5.09% yield, reflecting its financial stability and commitment to shareholders.
Sartorius Stedim Biotech shares fell 1.01% to EUR 198.08 on October 22, 2024, despite UBS raising its price target from EUR 194 to EUR 215 after strong quarterly results. Over the past year, shares have increased by 9.62%, although they remain 41.89% below their 52-week high, presenting a potential buying opportunity for investors.
The refrigerants market is undergoing a significant transformation due to environmental regulations aimed at phasing out high global warming potential substances. The Montreal Protocol and the Kigali Amendment are pivotal in this shift, promoting the adoption of low- to zero-GWP alternatives like CO2-based cooling systems, projected to grow from USD 48.5 billion in 2023 to USD 140.9 billion by 2030. This change is crucial for mitigating climate change impacts and protecting the ozone layer.
UBS has indicated that a tax-free income opportunity is poised for a robust performance as the year comes to a close. This outlook suggests potential benefits for investors looking to capitalize on favorable market conditions.
Stéphane Rossini, head of AVS administration, is set to resign amid controversy over a significant miscalculation regarding the AVS's financial health, which had been known since May 2024. This error has led to an appeal against the recent AHV reform raising the retirement age for women to 65, currently pending before the Swiss Federal Supreme Court. Elisabeth Baume-Schneider expressed her astonishment at the mistake's occurrence.
The HFS Bulletin for September 2024 outlines various indices used for illustrative purposes, emphasizing that they are unmanaged and not directly investable. Key indices include the Barclays Corporate High Yield Index, which excludes certain bonds, and the Barclays Global Aggregate Index, representing global investment-grade fixed income markets. Other notable indices cover diverse strategies such as equity hedging, event-driven investing, and macroeconomic trends, providing benchmarks for hedge fund performance across multiple asset classes.
Stéphane Rossini is resigning as head of the Federal Social Insurance Office following significant miscalculations in AHV forecasts that influenced recent votes. The error, which was communicated late to department head Elisabeth Baume-Schneider, has led to challenges regarding the women's retirement age referendum outcome. Rossini, who has held the position since 2019, will remain until next summer to oversee the financing of the 13th AHV pension.
The Federal Council's proposal to increase taxes on capital withdrawals from pension schemes threatens private pension provision and erodes trust in the state. With a significant rise in capital withdrawals, many individuals are opting for lump-sum payments over lifelong pensions, risking their financial security in old age. Critics argue that the government should focus on reducing spending rather than imposing new taxes that could deter private savings and worsen the financial outlook for retirees.
Stéphane Rossini has resigned as head of the Federal Social Insurance Office following a significant accounting error that miscalculated AHV figures by up to CHF 4 billion annually. His departure, framed as voluntary, puts pressure on Federal Councillor Elisabeth Baume-Schneider, who was informed late about the discrepancies, complicating her position within the Federal Council. The fallout from this incident continues to impact discussions around future AHV reforms and financing.
Daniela Fischer, Head of Human Responsibility at Axa Switzerland, emphasizes the evolution of agility from a buzzword to a vital management principle, highlighting its importance across organizations. She notes that true agility involves adaptability and decentralized responsibility, fostering a culture of empowerment and collaboration. Axa's agile approach integrates cross-functional teams and iterative cycles, enhancing product development and responsiveness to market needs.
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