UBS Group AG is set to acquire full ownership of its securities joint venture in China, UBS Securities Co. Limited, as its partner, Beijing State-owned Asset Management, sells a 33% stake for 1.5 billion yuan. This move is part of UBS's strategy to enhance its presence in China and follows its recent acquisition of Credit Suisse. Additionally, UBS is pursuing broader banking licenses in the U.S. and exploring a wealth management joint venture in India to capitalize on growth opportunities in key markets.
18:19 26.11.2024
The Nifty 50 ended its two-day winning streak, closing down by 0.1% amid volatility on November 26, while remaining within the upper Bollinger Bands. Resistance is noted at the 100-day EMA between 24,300-24,350, with a need for a decisive break above this level to target 24,550. Support is expected in the 24,000-24,100 range, indicating a trading range of 24,000-24,350 in the near term.
Gazprom PJSC is preparing for a potential complete halt of natural gas flows through Ukraine next year. The company is considering a scenario where no gas transits via Ukraine after the current deal expires at the end of the year, although these plans are still pending management approval.
Novo Nordisk A/S is scaling back its hiring in Denmark after reaching the limits of the local labor market, primarily due to the demand for its drugs Ozempic and Wegovy. While hiring will continue, the company will shift its focus to expanding its workforce in China, France, and the US, particularly in research, development, and manufacturing.
French bond risk has surged to levels not seen since the euro area debt crisis, as a political standoff over the national budget threatens the stability of the government. The premium for 10-year French government bonds over German bonds rose above 86 basis points, with analysts warning it could reach 100 basis points if the government falls.
Sri Lanka's central bank is set to streamline its monetary policy by adopting a single benchmark interest rate, the Overnight Policy Rate, effective from the next update on Wednesday. This change replaces the existing dual-rate system and aims to enhance the clarity and effectiveness of monetary policy management.
The Zurich cantonal government plans to adjust property tax values, anticipating an average increase of 11% for single-family homes and 10% for condominiums, reflecting significant land value rises since 2009. While one in five properties may see over a 15% increase in imputed rental value, many homeowners could benefit from reductions, easing their tax burden. The ongoing debate in Bern regarding the abolition of the imputed rental value continues, with differing proposals from the National Council and the Council of States.
18:00 26.11.2024
The zero interest rate policy is nearing implementation, with inflation at 0.6 percent prompting expectations of three interest rate cuts, according to Thomas Gitzel, Chief Economist at VP Bank. Karsten Junius from Bank J. Safra Sarasin predicts a key interest rate of 0.25 percent by June 2025, with the possibility of reaching zero rates shortly thereafter. This scenario suggests a total of four cuts of 0.25 percentage points in the coming months.
18:00 26.11.2024
The Centers for Medicare and Medicaid Services proposed a rule to cover obesity drugs under Medicare and Medicaid starting in 2026, potentially benefiting 3.4 million people at a cost of $25 billion over ten years. This historic move reclassifies obesity drugs as treatments for chronic disease, aligning with medical consensus on obesity's health risks. Additionally, the rule aims to enhance transparency in Medicare Advantage plans and improve access to health services.
Gold prices are expected to reach $2,900 per ounce by the end of 2025, driven by geopolitical tensions and fiscal concerns, according to UBS analysts. Despite recent declines due to profit-taking and shifting rate-cut expectations, the outlook remains positive, with strong support for gold and continued central bank buying anticipated. Currently, spot gold is trading around $2,628.84 per ounce, reflecting a 27.4% increase in 2024.
17:58 26.11.2024
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings