Sonata Software has secured a multi-million dollar modernization deal in Australia with a global leader in access solutions. This project will standardize business processes across 13 countries, migrate data from legacy systems, and enhance warehousing processes, utilizing Microsoft Fabric for improved decision-making. The deal was finalized in Q1FY25 and follows previous contracts in the region focused on data modernization and system upgrades.
Mahindra & Mahindra has announced a Rs 4,500 crore investment for the development of two new electric vehicle brands, the BE 6e and XEV 9e. This funding is part of a larger Rs 16,000 crore capital expenditure plan for the electric vehicle sector from FY22 to FY27. The company is establishing a production capacity of 90,000 units per annum at its Chakan plant.
UBS has been acquitted by the Swiss Federal Criminal Court in a case involving money laundering linked to a Bulgarian drug gang, stemming from transactions at Credit Suisse, which UBS acquired in 2023. The court cited the death of a key witness as a reason for the acquittal, stating that further investigation would violate the presumption of innocence. This decision, which may be appealed by the Office of the Attorney General, effectively closes a case that dates back over 16 years.
13:38 27.11.2024
UBS has maintained a "Neutral" rating for International Airlines Group, setting a target price of 280 pence following a positive capital market day for British Airways. Analyst Jarrod Castle highlighted the airline holding company's promising strategic vision in a recent report.
13:37 27.11.2024
The global artificial intelligence in healthcare market is projected to grow from US$ 13,248.65 million in 2022 to US$ 187,704.75 million by 2031, achieving a CAGR of 41.1% from 2024 to 2031. Key players include Intel, Microsoft, and Philips, focusing on innovations in diagnostics and patient care. The report provides a comprehensive analysis of market trends, regional insights, and competitive strategies shaping the industry.
US equity futures dipped as traders reacted to Donald Trump's cabinet appointments and anticipated key economic data, including inflation and GDP updates. The S&P 500 and Nasdaq 100 futures fell 0.1% and 0.3%, respectively, while Treasuries saw a decline in yields. Amidst a polarized global stock market, the dollar index dropped, and European stocks lagged significantly behind US gains.
UBS has increased its target price for ING Group from €20.60 to €21.00 while maintaining a "Buy" rating. Analyst Johan Ekblom highlighted the market's underestimation of the Dutch bank's growth potential, particularly in Germany, and anticipates a significant profit increase by 2026.
13:33 27.11.2024
UBS has reaffirmed its Buy rating on ArcelorMittal, maintaining a price target of €26.5, following the company's update on its decarbonization projects in Europe. The firm notes that Mittal is awaiting clarity on European environmental policies before finalizing investment decisions, which is crucial for maintaining competitiveness amid rising production costs.
13:33 27.11.2024
ArcelorMittal has received a reaffirmed Buy rating from UBS, maintaining a price target of €26.5, following updates on its decarbonization projects in Europe. The company is awaiting clarity on European environmental policies before finalizing investment decisions, emphasizing the need for full visibility to ensure competitiveness amid rising production costs.
13:33 27.11.2024
Stocks futures are stable as investors await the PCE price index report and personal income and consumer spending data, both due at 10 a.m. ET. The Fed is expected to continue gradually cutting interest rates, reflecting confidence in inflation and the labor market.SoftBank plans to invest $1.5 billion in OpenAI, allowing employees to sell shares, following a recent $6.6 billion financing round. Meanwhile, Constellation Brands faces potential challenges from proposed tariffs on Mexican goods, which could significantly increase costs.In entertainment, the Thanksgiving box office is projected to be the best in years, driven by the releases of "Moana 2," "Wicked," and "Gladiator II," potentially leading to record results for the holiday weekend.
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