Britain's Financial Conduct Authority (FCA) has outlined a plan to establish a comprehensive regulatory framework for the cryptocurrency sector by 2026. Key milestones include discussions on stablecoin regulations in late 2024 and trading platform guidelines in early 2025, with a full regime expected to be implemented by 2026. The FCA's research indicates growing crypto adoption in the U.K., with average holdings increasing, but also highlights public misconceptions about regulatory protections.
Enviro Infra Engineers is set to allot shares to successful bidders today, following a strong subscription rate of 89.90 times during its IPO. The price band for the shares was set between Rs 140-148, with a total issue size of Rs 650 crore. Investors can check their allotment status on the Bigshare Services website using their application number or PAN details, as well as on the BSE and NSE platforms.
Capitolis has secured new investments totaling USD 20 million from Citi, Morgan Stanley, State Street, and UBS, enhancing its funding to USD 170 million. This capital will bolster its Capital Marketplace and Portfolio Optimisation sectors, as demand for its innovative financial solutions continues to grow. The company focuses on improving the safety and efficiency of capital markets through collaboration with financial institutions.
13:45 26.11.2024
UBS has raised its target price for Zurich Insurance to CHF 532 from CHF 475, maintaining a Neutral rating. The Swiss insurer's ambitious three-year plan includes over 9% average annual growth in core EPS and a return on equity of at least 23%, alongside over $19 billion in cash distributions to shareholders. However, UBS notes that share buybacks will be one-off events, limiting upside potential.
13:43 26.11.2024
Avaya Inc. and RingCentral have expanded their strategic partnership to enhance communication in healthcare, driven by the rising demand for efficient collaboration tools. The UCaaS market in healthcare is projected to grow significantly, fueled by increased R&D spending and the shift towards telehealth solutions. Key players include IBM, Verizon, and Comcast, with a focus on integrating AI and improving patient engagement through advanced communication technologies.
Diasorin shares fell by 0.60% following UBS's downgrade from "buy" to "neutral," while maintaining a price target of 116 euros per share. Analysts noted the company's significant financial improvements and growing investor confidence, despite the stock trading above the sector's historical premium.
13:42 26.11.2024
Gold prices fell sharply for the second consecutive session, dropping Rs 1,250 to Rs 78,150 per 10 grams, influenced by a strengthening dollar and reduced geopolitical tensions. Silver also declined, down Rs 1,100 to Rs 90,600 per kg. Analysts noted that market volatility is expected as participants assess ongoing global developments.
Gérard Wertheimer, co-owner of Chanel, remains Switzerland's richest person in 2024, with a fortune of 37-38 billion francs, despite a decline in the luxury sector. The Hoffmann, Oeri, and Duschmalé family follows with 28-29 billion, while Klaus-Michael Kühne holds third place with 27-28 billion. The Blocher family and Guillaume Pousaz round out the top ten, with fortunes of 15-16 billion and 14-15 billion francs, respectively.
13:39 26.11.2024
UBS Group AG (NYSE: UBS) has received neutral ratings across near, mid, and long-term forecasts, with a current price of 29.61. Trading strategies suggest buying near 31.4 with a target of 33.14 and a stop loss at 31.31, while shorting near 33.14 targets 31.4 with a stop loss at 33.24. For swing and day trading, buy signals are indicated if prices break above 31.99 and 32.09, respectively, with corresponding stop losses set to manage risk.
13:38 26.11.2024
The Disposable Medical Supplies Market is experiencing significant growth, driven by increasing chronic disease prevalence, rising surgical procedures, and heightened infection control awareness. Key players include Ansell Healthcare, Medtronic, and Cardinal Health, with a projected CAGR of 9.40% from 2023 to 2032. Emerging trends highlight a shift towards sustainable products and the integration of AI in supply development, while challenges such as regulatory compliance and environmental concerns persist.
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