UBS shares rose 0.9% to CHF 28.34, providing support to the SMI at 11,705 points. The stock reached a daily high of CHF 28.34, with a 52-week high of CHF 29.57 and a low of CHF 22.53. Investors can expect a dividend of CHF 0.640 for 2023, while EPS for 2024 is forecasted at USD 1.76.
Wall Street begins December with a focus on upcoming jobs data, as the S&P 500 aims to make history. Investors are keenly watching economic indicators that could influence market trends and performance in the final month of the year.
German car-parts maker Mahle GmbH is reportedly considering an initial public offering for its Indian unit, joining a trend of foreign companies looking to list in India's thriving markets. The company is in preliminary discussions with potential advisers regarding a share sale in Mumbai and is evaluating which operations to include in the listing.
Amidst the pervasive negativity on Wall Street, Jim Cramer emphasizes the importance of focusing on potential positives for investors. As the market looks toward 2025, he encourages a balanced perspective that acknowledges risks while recognizing opportunities for growth in all 34 Club holdings.
Patel Retail has successfully raised Rs 15 crore through a pre-IPO placement, selling 5 lakh shares at Rs 300 each to 44 investors. This move, approved by the board and shareholders, reduces the size of the fresh issue from 90.18 lakh shares to 85.18 lakh shares.
The Zurich Administrative Court has overturned minimum wage regulations in Zurich and Winterthur, siding with trade associations against voter-supported rules. A study reveals significant income inequality across Swiss cantons, with the wealthiest holding an increasing share. Meanwhile, Lombard Odier faces money laundering charges linked to the daughter of a former Uzbek president, and Trump's envoy for Ukraine advocates for increased arms support while proposing peace negotiations.
Bitcoin is poised for a nearly 40% gain in November, nearing the $100,000 mark, following Donald Trump's election victory, which has reinvigorated the cryptocurrency market. The month is set to be Bitcoin's best since February, driven by strong ETF inflows and bullish investor sentiment.As Trump’s presidency is expected to legitimize the crypto industry, factors like reduced supply from the recent halving and increasing institutional demand are anticipated to propel Bitcoin's price further, with bulls predicting it could reach $100,000 by the end of 2024.
IndiGo has been fined Rs 5 lakh by the Bureau of Civil Aviation Security (BCAS) for violating aviation security protocols, although specific details of the violation remain unclear. The airline is currently reviewing the order issued on November 27 and intends to appeal to the relevant authority. The fine is related to a breach under Rule 51 of the Aircraft (Security) Rules, 2023, but is not expected to significantly impact the company's financials or operations.
Donald Trump’s cryptocurrency venture, World Liberty Financial, struggled significantly, falling 93% short of its sales goal and failing to meet the minimum payout threshold. However, the project gained momentum when Justin Sun invested $30 million in World Liberty tokens, enabling the Trumps to potentially earn at least $15 million.
Adani Group CFO Jugeshinder Singh has firmly denied U.S. allegations implicating executives, including Chairman Gautam Adani, in a $265 million bribery scheme related to Indian solar power contracts. Singh stated, "We reject all of this strongly," emphasizing that no such payments occurred. Meanwhile, the Indian government confirmed it has not received any requests from U.S. authorities regarding the case.