The UBS Center for Economics in Society at the University of Zurich will see a leadership change as Kaspar Villiger steps down as Chairman of the Foundation Board, with Christian Mumenthaler, former Group CEO of Swiss Re, set to succeed him. Villiger, who played a pivotal role in establishing the center in 2012 through a significant donation from UBS, is praised for his exceptional leadership and commitment to fostering collaboration between science, business, and politics. UBS reaffirmed its support with an additional CHF 27 million donation in 2020 to ensure the center's continued development.
09:44 26.11.2024
UBS and Goldman Sachs have raised their price targets for Zurich, following a positive share price reaction after the capital market day. The UBS analyst has increased EPS forecasts for 2025 and 2026 by 4% and 6%, respectively, while noting that other insurance stocks like Axa and Swiss Re appear more attractive.
09:43 26.11.2024
Motilal Oswal has given a "BUY" rating for Apollo Hospitals Enterprises, setting a target price of Rs 8,020. The company plans to add 2,860 beds and 570 Apollo 24/7 stores, while launching new insurance products and concierge services, which are expected to enhance growth and margins. Current occupancy rates are strong at 68-69%, supporting the hospital's profitability.
Denmark's plan to tax agricultural emissions is expected to increase impairment charges for some medium-sized banks, as farmers face additional financial strain. However, the central bank reassures that this situation will not jeopardize overall financial stability in the country.
Thai banks are facing a surge in non-performing loans, which reached 2.97% of outstanding loans by the end of September, the highest level in three years. This increase reflects ongoing struggles among corporate and individual borrowers to meet their debt obligations. Meanwhile, the Bank of Thailand is in discussions with the finance ministry to implement debt-relief measures.
Yubi, an Indian fintech platform backed by Insight Partners and Peak XV, is planning to raise between $150 million and $200 million in early 2024 to support its global expansion. The company aims to secure funding after successfully narrowing its losses, according to CEO Gaurav Kumar.
The outlook for Ether remains positive as it consolidates around $3,400, with a key support level at $3,000. A breach of the bearish oblique could trigger a significant price surge, potentially reaching $5,000, while the risk/return trade-off favors buying Ether over Bitcoin, which is nearing a critical threshold.
IG
09:27 26.11.2024
Heathrow's CEO, Thomas Woldbye, aims for a final decision on a controversial third runway by the end of 2025, citing the need for increased capacity to support the U.K.'s economic growth. While discussions show positive momentum, the ultimate approval rests with the government amid ongoing environmental concerns and public opposition. The expansion plan includes a new runway and terminal, potentially adding 260,000 flights to the current cap of 480,000 annually.
Zomato CEO Deepinder Goyal has extended his voluntary salary waiver of Rs 3.5 crore until March 31, 2026, adding two more years to his initial commitment. He will continue his responsibilities as MD and CEO while remaining eligible for variable pay, with his stake in Zomato valued at over Rs 10,000 crore due to a significant rise in the company's stock.
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