The Thermoformed Plastics Market is projected to grow from USD 14.94 billion in 2023 to USD 24.61 billion by 2030, driven by demand in food packaging and healthcare sectors. However, challenges such as environmental concerns and competition from alternative solutions may impact growth. Opportunities lie in sustainable material innovations and advancements in automation and technology.
Norton Rose Fulbright has facilitated a strategic partnership between the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and a consortium led by JP Morgan to expand the Tanger Med port in Morocco, with a total investment of 400 million euros. IFC's 197 million euro investment marks a significant step in sustainable financing for the port sector in emerging markets, while MIGA provides a 15-year guarantee for the lenders. This expansion will enhance Tanger Med's capacity to manage truck flows significantly, reinforcing Morocco's status as a key maritime hub.
In a volatile session on November 27, the Sensex rose by 230.02 points to close at 80,234.08, while the Nifty gained 82.20 points, ending at 24,276.70. The rally was driven by gains in energy, auto, metal, and bank stocks, alongside a notable recovery in Adani Group shares, which surged by up to 12 percent. Despite some laggards like Titan Company and Wipro, market sentiment improved with indications of foreign institutional investors becoming net buyers.
The S&P 500 is projected to rise over 8% by the end of next year, reaching 6,500 points, driven by strong U.S. economic health and anticipated earnings growth. Financials are highlighted as a top sector pick, with expectations of deregulation and tax cuts under Trump's agenda further boosting market performance.
RBC Capital Markets maintains an "Outperform" rating for UBS, setting a target price of 32 francs, despite current economic uncertainties affecting major European banks. Analyst Anke Reingen favors institutions with less reliance on net interest income and strong U.S. focus, highlighting UBS among preferred stocks. As of 09:04, UBS shares fell 1.0% to CHF 27.49, yet have risen 8.1% since the start of 2024, with the next balance sheet presentation scheduled for February 4, 2025.
The UBS ETF - MSCI World Socially Responsible ETF A has recently declined by 0.40%, trading at EUR 0.66. The fund peaked at EUR 163.00 but started the trading day at EUR 163.80, with a 52-week low of EUR 123.86 reached on November 28, 2023. The last turnover recorded was 36,402 shares.
Pocket FM achieved a revenue of Rs 1,051.97 crore in FY24, marking a nearly six-fold increase from the previous year, driven by a 484% rise in microtransaction-led subscription revenue. The company reduced its losses by 21% to Rs 165 crore, with the United States contributing 70% of its revenues, followed by India at 15%.
Brazilian retailers, including Grupo Casas Bahia SA and Cia Brasileira de Distribuicao, are encouraging early Black Friday shopping in response to anticipated interest rate hikes. They are expanding credit options and offering better deals than last year to boost sales amid expectations of a challenging year ahead.
Market stages a turnaround after a sluggish start, with the Nifty index hovering near 24,300. Ola Electric experiences a significant surge in its stock price. Investors are encouraged to opt-in for push notifications to receive relevant updates on their transactions.
Emerging-market stocks rebounded, driven by speculation of new stimulus measures from China amid potential US tariffs. The MSCI Emerging Markets Index reversed a 0.4% decline to rise 0.3% by 7:33 a.m. in London, with notable gains from Tencent Holdings, Meituan, and Alibaba Group.