Although high-speed Internet access is easy, the home telework is still the exception in Switzerland: in 2015 only 2.7% of the working population worked from home comfortably.
Reading in a complete statistics, from 2001 to 2015 the number of "teleworkers" people has quadrupled, reaching a height of 120,000, as the Federal Statistical Office (FSO) indicates in his report "The home telework in Switzerland, 2001- 2015 ".
The wealthy clientele, given the low interest rates and the uncertainty on the financial markets, do not know where to invest their assets. The proportion of undecided, according to a study published by the Liechtenstein bank LGT, reaches 40%.
Almost everyone agrees that there are no alternatives to the equity markets, but few have increased investment in this sector: the share is so remained unchanged at 44%.
The study, which examined a representative sample of wealthy investors in Switzerland, Austria and Germany, shows that 25% of holders of securities judge the overvalued stock market. For the property market rises proportion to 52%.
Credit Suisse will issue 75.5 million new shares to finance the optional dividend paid for the year 2015. The increase represents 3.8% of the current share capital. The price was fixed at 12.47 francs per title.
Shareholders have exercised almost 1.3 million option rights in favor of a dividend in the form of new shares. Yesterday it was the last day to choose the payment method, like a today’s press release mentions.
The issue price was calculated on the basis of the reference price of the shares Credit Suisse, or 13.86 francs, less 10%. The distribution will take place on June 6th.
The manufacturer of luxury watches Greubel Forsey, for the first time in its history, is forced to lay off, but the deleted jobs are only five, compared to the ten originally planned. This was stated in an interview with "L’Agefi", co-founder Stephen Forsey society.
"We were 115 and now we have 110," but "our priority is to maintain the continuity." Greubel Forsey produces watches, only cent a year, whose prices range from 200,000 to 1.5 million Swiss francs, made for a high range of collectors.
OUR MACROECONOMIC ANALYSIS
The three largest developed economy Central Banks met again in April. The Bank of Japan took the markets by surprise in ultimately declining to take new easing measures. This could very well be a sign that Central Banks believe they are now out of ammunition. Governments must now seriously pick up the pace of structural reforms to make long-term growth last. It happens that growth generally fell short of expectations in the first quarter, except in Europe and China. The current slowdown includes a strong structural component (i.e., demographic changes and a marked slowdown in productivity gains). The consensus nonetheless forecasts a macroeconomic upturn in the second half, which will be welcome in the current environment. This rebound has already been abundantly priced in to commodities.
The Swiss bank UBS is considering applying negative interest rates even private ultra-rich clients to face the expansive monetary policy of central banks. At present the bank’s customers already pay negative rates. Because of negative deposit rates Swiss banks, for their part, have to shell out to the central bank an annual rate of 0.75% in order to deposit money at the SNB.
"If the situation remains the current one, or if you were to deteriorate further, we will have to reflect upon the extension of this measure to our most wealthy clients. At the same time we will have to evaluate whether to recognize the receivable interest rates, "said Basel CEO Sergio Ermotti in today’s General Meeting.
· Section S3 of our survey, dedicated to the development of guidelines and key performance indicators (KPIs) and risk (Kris), showed that among the factors most commonly cited by financial analysts are those connected with GRI (44,16% ), while with reference to the KPIs and KRIs a general usefulness was recognised (83.13%) but with a request from many analysts to limit the number of indicators and try to get a degree of standardization that allows for the development of specific indicators for the type of company rather than for the sector of industry.
Given renewed investor interest in dividend cuts Morgan Stanley analysts have revisited their 2008 analysis that showed cuts to dividend can indicate powerful inflection points in share prices.
"We would buy stocks on dividend cuts, particularly those that are ‘stressed’" is written in the European Equity Strategy of March 24th.
