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sun pharma expected to report strong q2 earnings driven by specialty sales

Sun Pharmaceutical Industries is set to announce its Q2 earnings on October 28, with expectations of a 22.5% increase in net profit to Rs 2,911 crore, driven by favorable seasonality and strong specialty sales. Revenue is projected to rise over 9% to Rs 13,299 crore. However, increased R&D spending may limit margin growth, with profit forecasts ranging from an 11.5% to over 38% increase among analysts.
Moneycontrol
Indian Rupee Sun Pharmaceutical Industries Limited IND
Finance & Economy, Market Report
09:06 24.10.2024

zinc prices soar to 20 month high amid supply concerns

Zinc prices surged to a 20-month high, reaching $3,260.50 a ton on the London Metal Exchange, marking the highest intraday price since February of the previous year. This increase, driven by fears of tightening global supply due to mine disruptions, signals a potential third consecutive daily gain.
Bloomberg.com
United States Dollar London Metal Exchange AUS
Finance & Economy, Market Report
09:05 24.10.2024

the resurgence of print magazines in a digital age

Reports of print media's demise are overstated, yet many publications have closed or shifted to digital formats. Condé Nast has drastically reduced its print offerings, while some titles like Field & Stream and Sports Illustrated are reviving print editions in 2024. Indie magazines continue to thrive, carving out niches despite the challenges.
Bloomberg.com
United States Dollar Conde Nast Asia/Pacific Inc. Roger Lynch
Finance & Economy, News Article
09:00 24.10.2024

art market trends reveal shifting spending patterns among wealthy collectors

The Art Basel and UBS Survey reveals that Generation X is now the leading art buyer, with average spending at $578,000, while millennial spending has dropped by 50% to $395,000. Despite a 4% decline in overall art market sales, median spending remains stable, and optimism among high net worth individuals is growing, with 91% expecting a positive market outlook. Chinese collectors are also spending significantly, with a median of $97,000, contradicting previous reports of a slowdown in their purchases.
ilgiornaledellarte.com/Articolo/Report-UBSArt-Basel-la-generazione-X-e-quella-che-spende-di-piu-per-larte
Chinese Yuan British Pound Sterling United States Dollar Euro Japanese Yen Art Basel Apple Inc. Noah Horowitz Clare McAndrew
TradFi, Market Report
09:00 24.10.2024

non-alcoholic beverage market poised for significant growth and innovation

The global non-alcoholic beer and wine market, valued at $22.65 billion in 2022, is projected to grow to $37.21 billion by 2030, driven by rising health consciousness and changing societal attitudes towards alcohol. Innovative technologies, such as vacuum distillation and fermentation control, are enhancing product quality, enabling beverage producers to meet evolving consumer preferences effectively.
benzinga.com/news/24/10/41517173/eaton-transdigm-and-a-big-bank-on-cnbcs-final-trades
TransDigm Group Incorporated USA
TradFi, Market Report
09:00 24.10.2024

ubs to migrate credit suisse clients over 18 month period

UBS CEO Ermotti announced that the migration of Credit Suisse clients to the UBS platform will take approximately 18 months. This complex integration follows UBS's acquisition of Credit Suisse after its collapse, and Ermotti believes it will ultimately enhance value for shareholders, clients, and employees. He emphasized that this process serves as a case study for regulators evaluating the resolution of systemically important banks.
MarketScreener
United States Dollar Credit Suisse Anlagestiftung UBS AG CHE Sergio Ermotti
TradFi, News Article
09:00 24.10.2024

Luzerner Kantonalbank reports profit growth and sets ambitious 2025 targets

Luzerner Kantonalbank (LUKB) reported a 9.1% increase in profit to CHF 216 million in the first nine months of 2024, aided by extraordinary income from the sale of its real estate division. Operating income rose by 5.7% to CHF 483.5 million, while costs increased by 7.9% due to a higher headcount. The bank anticipates a consolidated profit at the upper end of its forecast for the year.
Nau
Swiss Franc Fundamenta Group Holding AG CHE Daniel Salzmann
TradFi, Market Report
09:00 24.10.2024

investors advised to stay the course amid us election uncertainty

UBS analysts advise investors to remain steady amid U.S. election uncertainty, asserting that market volatility should not prompt drastic portfolio changes. Historical trends show that equities typically perform well around elections, with strong earnings growth expected in the coming years. Despite potential policy shifts post-election, focusing on long-term fundamentals is crucial for investment success.
investing.com
United States Dollar UBS AG S&P Global Inc. Federal Reserve Bank of Boston N.A. USA Show more
TradFi, Market Report
09:00 24.10.2024

CLO market outlook amid interest rate shifts and evolving credit dynamics

The CLO market faces a mixed outlook amid macroeconomic challenges, with interest rate cuts potentially improving the financial stability of highly leveraged companies but also lowering yields for investors. Japanese investors remain active despite recent volatility, while liability management exercises are increasingly common as sponsors restructure debt. The rise of private credit is reshaping competitive dynamics, making it harder for CLO managers to secure quality syndicated loans, necessitating innovation in CLO structures.
Asset Management
Japanese Yen United States Dollar UBS AG London Branch JPN GBR
TradFi, Market Report
09:00 24.10.2024

coo uwe krakau departs raiffeisen bank amid app project tensions

Uwe Krakau has stepped down as COO of Raiffeisen Cooperative Bank after two years, leading to the abolition of his role. The decision follows a critical review of the bank"s strategy implementation, particularly the halted launch of a new app due to technical issues and internal tensions, notably between Krakau and Head of IT Niklaus Mannhart, who has since taken over project management.
Tippinpoint.ch
Raiffeisen Switzerland CHE Heinz Huber Beat Schmid Niklaus Mannhart Uwe Krakau Show more
TradFi, News Article
09:00 24.10.2024
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