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Martin Schlegel, the newly appointed president of the Swiss National Bank (SNB), highlighted significant geopolitical risks during his inaugural speech in Bellinzona. He projected subdued economic growth, estimating a GDP increase of just 1 percent for the year, below the long-term average. The visit was met with pride from local officials, including Christian Vitta, head of the Ticino Department of Finance and Economy.
Swiss political parties are anxious about the potential loss of substantial donations following UBS's acquisition of Credit Suisse, which had previously contributed up to one million francs to conservative parties. UBS has indicated it may not increase its donation volume, leaving parties reliant on past contributions to navigate an expensive election year.
Elisabeth Baume-Schneider, after nine months in office, is tackling challenges in the healthcare sector with the EFAS bill aimed at unifying outpatient and inpatient service financing. Facing opposition from her own party, she must also address the financing of the 13th AHV pension and consider alternatives to VAT increases, while ensuring the FDHA effectively combats racism in Switzerland.
AEVIS VICTORIA SA's share price increased slightly by 0.17% to EUR 14.88 on October 11, 2024, despite a year-on-year decline of 23.42%. The company forecasts a dividend of EUR 0.45 per share for 2024, yielding 2.80%, but faces significant financial challenges, reflected in a price-to-earnings ratio of -276.00. Shareholders are urged to consider their options as the market remains volatile.
Glarner Kantonalbank (GLKB) demonstrated stability amid market volatility, with shares trading at EUR 22.85, a slight decline of 0.22% from the previous day, but a notable 1.78% increase over the past month. The bank's attractive P/E ratio of 10.60 and a forecast dividend yield of 5.09% may enhance investor interest and support share prices moving forward.
Glarner Kantonalbank (GLKB) demonstrates resilience amid market volatility, with a 1.56% increase in share price over the past month and a market capitalization of €308.5 million. The bank plans to distribute a dividend of €1.10 per share for 2024, yielding 5.09%, alongside a favorable P/E ratio of 10.60, making it an attractive option for investors during uncertain economic times.
Two-thirds of tenants may soon qualify for rent reductions as the Zurich Cantonal Bank forecasts a drop in the benchmark mortgage rate by March 2025. This change will benefit those who faced recent rent increases, particularly from institutional landlords, who have historically passed on such hikes more frequently than private landlords. Additionally, many tenants who have not previously requested rent decreases may also take action in light of the anticipated rate changes.
UBS is currently ranked tenth in the global mergers and acquisitions league table and aims to become the leading European investment bank. Despite ongoing integration efforts, the major Swiss bank is focused on increasing its market share in the USA as the M&A business experiences growth.
Two-thirds of tenants in Switzerland may soon qualify for rent reductions as the Zurich Cantonal Bank predicts a decrease in the benchmark mortgage rate by March 2025. This follows recent rent increases affecting about one-third of renter households, particularly those with institutional landlords, who have historically passed on such hikes more frequently than private landlords. Additionally, many renters may seek reductions due to unclaimed past decreases, with more clarity expected in 2025.
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Two-thirds of tenants may soon qualify for rent reductions as the Zurich Cantonal Bank forecasts a drop in the benchmark mortgage rate by March 2025. This change will benefit those who faced recent rent increases, particularly from institutional landlords, who have historically passed on such hikes more frequently than private landlords. Additionally, many tenants who have not previously requested rent decreases may also take action in light of the anticipated rate changes.
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