Global copper demand is projected to surge by 70% to over 50 million tonnes annually by 2050, driven by the tech and energy transition, particularly in the US, China, and India. The shift towards renewable energy sources, which require more copper, may lead to significant market shortages as mining struggles to keep pace with rising demand.
The European Central Bank has cut interest rates for the third time this year, responding to a weakened growth outlook and disinflationary pressures. Policymakers emphasize a data-dependent approach for future rate decisions, with discussions on potential cuts in December, while remaining cautious about inflation trends and economic stability.
The Swiss Bankers Association (SBA) has criticized the Federal Council's proposed measures, arguing they could harm the competitiveness of the financial sector. While supporting stricter capital adequacy for UBS, the SBA opposes increased capital requirements and ex ante fees for the Public Liquidity Backstop, advocating for a balanced approach to regulation. Additionally, it rejects enhanced powers for Finma, preferring to maintain the current dual system of oversight.
07:55 25.10.2024
Hero MotoCorp's share price fell over 2% after UBS downgraded the stock to a "Sell" rating, highlighting significant challenges ahead. The brokerage warned that the company's reliance on domestic commuter motorcycles makes it vulnerable to rising competition and the shift towards electrification and scooters. UBS forecasts an 18% shortfall in Hero's FY27 net profit compared to consensus estimates, raising concerns about its long-term growth prospects.
07:51 25.10.2024
Irdai has approved the Burman family's acquisition of Religare Enterprises, as reported on October 25. The acquisition has faced challenges, with Religare initially delaying action on the proposal until the Securities Appellate Tribunal intervened. Currently, Religare is in a dispute with the Burman family regarding the acquisition.
The National Stock Exchange of India Ltd. is awaiting approval from the Securities and Exchange Board of India (SEBI) to proceed with its long-delayed initial public offering, according to CEO Ashish Kumar Chauhan. The exchange can only prepare its application after receiving a no-objection certificate from SEBI, which initially halted the listing due to concerns over unfair access granted to high-speed traders. Following the resolution of these issues, the NSE has been cleared of allegations related to market access collusion.
Nearly 600 companies saw a reduction in promoter stakes during the September quarter, significantly outpacing the 210 firms that increased their holdings. Analysts suggest that while rising stock prices may drive these sales, investors should adopt a cautious approach and evaluate each case individually, focusing on the reasons behind the stake reductions.
The Sensex and Nifty fell by 1% amid persistent FII outflows and disappointing earnings, marking the fifth consecutive session of declines. The broader market suffered significantly, with the BSE Midcap and Smallcap indices down 2% and nearly 3%, respectively, while India VIX rose over 7%. IndusInd Bank's shares plummeted nearly 20% following poor quarterly results, contrasting with Godrej Consumer Products, which saw a 2% rise after positive brokerage calls.
A group of Japanese companies advocates for focusing discussions on Bitcoin and Ether for cryptocurrency exchange-traded funds (ETFs), highlighting their large market value and stable track record as suitable for medium to long-term asset building. The group also recommends reviewing taxation systems, including separating taxes on earned income.
Shares of Larsen & Toubro Ltd. fell over 3% after UBS downgraded the stock to 'neutral' from 'buy', citing concerns over weakening new order growth and a challenging near-term outlook. The target price was reduced to Rs 4,000 from Rs 4,330, reflecting a 16% upside from the previous close.UBS highlighted risks related to the company's order intake, particularly due to a high share of business from West Asia and limited domestic orders. Despite these challenges, L&T's earnings resilience and broader market reach may help mitigate stock declines, especially following a recent order win for a global nuclear fusion project.
07:42 25.10.2024
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