China's medical device market is rapidly expanding, with an average annual growth rate of 15%, significantly outpacing the global rate of 5%. Key drivers include an ageing population, rising disposable incomes, and advancements in technology such as AI and 3D printing. The market is projected to continue its upward trajectory, supported by government initiatives and a growing number of manufacturing enterprises.
A Swiss appeals court has acquitted UBS of charges related to Credit Suisse's 2022 conviction for failing to prevent money laundering linked to a cocaine dealer, following the death of a key former employee. The court ruled that the deceased's inability to defend himself violated the presumption of innocence, leading to the cancellation of a 19 million Swiss franc compensation order. UBS welcomed the decision, which resolves a legacy issue from its acquisition of Credit Suisse.
09:22 27.11.2024
Isabel Schnabel, a member of the European Central Bank's Executive Board, cautioned against aggressive interest rate cuts, stating that borrowing costs are already near a level that does not hinder economic growth. She emphasized the need for gradual monetary policy easing to avoid falling below the neutral threshold, warning that excessive cuts could deplete valuable policy space.
Merchant bankers managing the NTPC Green Energy IPO earned a modest Rs 7 crore for overseeing the substantial Rs 10,000-crore offering. The firms involved in this venture include IDBI Capital Markets, HDFC Bank, IIFL Capital Services, and Nuvama Wealth Management.
The gender wage gap in Switzerland has decreased to 16.2% in 2022, down from 18% in 2020 and 19% in 2018, according to the Federal Statistical Office. Despite this progress, significant disparities remain, particularly in sectors like finance and insurance, where unexplained wage differences average CHF1,274 per month.
UBS Group AG operates through four main business segments: wealth management (50.9% of revenues), investment banking (20.8%), retail and corporate banking (20.2%), and asset management (6.3%). By the end of 2023, the Group is set to manage USD 792 billion in deposits and USD 639.8 billion in loans.
09:15 27.11.2024
Indian banks are facing a liquidity deficit for the first time in two months, as the Reserve Bank of India’s dollar sales to support the rupee have drained cash from the financial system. On Monday, banks borrowed a net 141.98 billion rupees ($1.68 billion) from the RBI, marking a significant shift from earlier this month when they had a surplus of around 2 trillion rupees parked with the central bank daily.
Brookfield Asset Management Ltd. is reportedly set to abandon its bid for Grifols SA due to disagreements over the company's valuation. After months of negotiations that began in July, Brookfield was unable to reach an agreement with Grifols' board on the price, despite having secured financing and developed a turnaround plan for the business.
Starting a business presents financial challenges, making a business loan a viable option for funding. It helps cover initial costs like office rental and equipment, ensuring smooth operations while allowing focus on growth. Additionally, it aids in building credit history and offers flexibility for various business needs.
UBS has maintained a Buy rating on ING Group, raising its price target to EUR21.00, citing a projected 10% CAGR in EPS through 2027, significantly above the sector average. Despite recent revenue challenges, ING reported record total income and plans to distribute €2.5 billion to shareholders, reflecting its commitment to sustainable financing and shareholder value.
09:08 27.11.2024
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