UBS maintains a neutral rating on Salesforce.com, Inc., the leading provider of on-demand customer relationship management (CRM) software. Sales are primarily driven by online subscription sales (92.6%), with professional services accounting for 7.4%. Geographically, the Americas contribute 67.8% of sales, followed by Europe at 22.8% and Asia-Pacific at 9.4%.
14:46 04.12.2024
European Central Bank President Christine Lagarde stated that the fight against inflation is nearing its end but is not yet complete. Speaking to lawmakers in Brussels, she emphasized that while progress has been made, there is still work to do before achieving the target.
President Joe Biden has announced $600 million in new financing for a multi-country railway during his visit to Angola, aimed at enhancing U.S. investment in Africa's critical minerals infrastructure and countering Chinese influence. This funding builds on a previous commitment of $553 million for the Lobito Trans-Africa Corridor, which connects the Central African copperbelt to the Angolan coast. The investments will also support agriculture, clean energy, health, and digital access in the region.
Federal Reserve Bank of St. Louis President Alberto Musalem suggested that a pause in interest-rate cuts may be imminent, with a decision influenced by incoming data. He expressed a preference for a gradual approach to rate reductions, cautioning that the risks of cutting too quickly outweigh those of easing too little.
Tiger Brands Ltd. shares surged to a five-and-a-half-year high, reflecting increased investor confidence in CEO Tjaart Kruger, who has been at the helm for 13 months. The stock rose 3.5% following the announcement of a full-year dividend per share that surpassed analyst expectations, marking a significant achievement under Kruger's leadership.
DLF has appointed Badal Bagri as its new Chief Financial Officer. Bagri, a chartered and cost accountant with over 30 years of experience, previously led the electronics verticals at Reliance Retail and served as CFO at Bharti Airtel. He will take over from DLF MD Ashok Kumar Tyagi, who will step down from the CFO role on December 6, 2024.
21Shares has restructured into two independent units: 21Shares for asset management and 21.co Technologies for product and technology development, aiming to enhance growth in digital assets and blockchain. The management team has been revamped, with key hires from Abrdn, and the company now manages over $10 billion in assets.
Foreign institutional investors (FIIs) net bought shares worth Rs 1,798 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 901 crore. At the close, the Sensex rose by 110.58 points to 80,956.33, and the Nifty increased by 10.30 points to 24,467.45. Year-to-date, FIIs have net sold Rs 2.94 lakh crore, whereas DIIs have net bought Rs 5.72 lakh crore in shares.
The Securities and Exchange Board of India (SEBI) clarified that digital platforms do not need to be designated as Specified Digital Platforms (SDPs) for registered entities (REs) to connect with third parties. These SDPs facilitate easier compliance for REs, which are advised to avoid associations with unregistered investment advisors or those sharing performance metrics without SEBI's consent. Notably, the compliance burden does not apply when REs engage through SDPs.
TotalEnergies SE has agreed to acquire German renewable project developer VSB Group for €1.57 billion ($1.6 billion) from Partners Group Holding AG. Concurrently, the company will sell a 50% stake in a 2 gigawatt solar and battery portfolio in Texas to Apollo Global Management for $800 million, as part of its strategy to enhance capital returns.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings