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Shankar Sharma warns CLSA"s Buy India note may mislead investors
Shankar Sharma has labeled CLSA"s recent "Buy India" note as a "trap" for retail investors and domestic institutions, criticizing the firm"s shift to a 20% overweight allocation in India while reducing exposure to China. He suggested that the note serves as a deceptive strategy by the Chinese-owned brokerage to mislead Indian investors, referring to it as a "Trojan Horse" designed to offload unwanted products onto them.
ensirion shares hit multi-year low amid automotive industry weakness and analyst downgrades
Sensirion"s share price has plummeted from 73.40 francs at the end of September to a multi-year low of 52.50 francs, impacted by the automotive industry"s weakness and lowered analyst price targets. Stifel has maintained a "hold" rating while reducing the price target to CHF 68, citing growth potential but a high short-term price relative to competitors.
cirsa and hbx group plan initial public offerings in spain for 2025
Casino operator Cirsa Enterprises and travel technology firm HBX Group are set to launch initial public offerings in Spain in the first half of 2025. Cirsa, owned by Blackstone Inc., aims to raise up to €1 billion, while HBX Group plans a share sale potentially exceeding €1 billion in the first quarter.
Swiss healthcare expenditure is projected to exceed CHF 100 billion in 2025, driven by an ageing population, population growth, and increased doctor visits. Health insurance premiums have surged by 8.7% this year and are expected to rise by another 6% next year, reflecting the escalating costs of healthcare.
ew etfs launched to support financial independence and early retirement movement
The FIRE movement, which encourages financial independence and early retirement, has inspired the launch of two new ETFs by Tidal Investments: the FIRE Funds Wealth Builder ETF (FIRS) and the FIRE Funds Income Target ETF (FIRI). These funds aim to support individuals seeking to escape traditional jobs and achieve a job-free lifestyle.
fdic chair martin gruenberg to resign before inauguration
Martin Gruenberg, the Chair of the Federal Deposit Insurance Corp. (FDIC), will resign on January 19, just before the inauguration. In a message to agency employees, he expressed gratitude for the honor of serving at the FDIC and praised the dedicated public servants working to fulfill the agency"s vital mission.
Trump expected to nominate Howard Lutnick as Commerce Secretary
President Donald Trump is expected to nominate Howard Lutnick, CEO of Cantor Fitzgerald, as Commerce Secretary, according to sources. Lutnick, a key adviser during Trump"s transition, has been a vocal supporter of the administration"s agenda, particularly regarding tariffs. His nomination comes amid speculation about other cabinet positions, including Treasury Secretary, for which he was also considered a candidate.
Barrick Gold shares recommended for purchase despite recent challenges
Barrick Gold Corp. remains a buy recommendation from Raiffeisen Bank International AG, despite recent challenges including issues in Mali, mixed Q3 results, and a declining gold price due to the US election. Analyst Gregor Koppensteiner has lowered the price target to CAD 30, citing the company"s sustainability efforts, low debt, and moderate valuation as factors that could drive future growth.
healthcare sector anticipates surge in ipos and mergers by 2025
The healthcare sector is poised for a surge in IPOs and mergers by 2025, driven by optimism from executives despite geopolitical tensions being cited as the primary risk. Major deals, such as Johnson & Johnson's $13.1 billion acquisition of Shockwave Medical, underscore this growth, with 72% of professionals anticipating increased M&A activity, particularly in Europe. Additionally, nearly two-thirds expect a rise in healthcare IPOs, indicating a revitalized equity capital market.
trump administration plans to roll back auto mileage and emissions standards
The incoming Trump administration plans to roll back fuel-efficiency standards for new cars and light trucks, which have been criticized as an "EV mandate." Advisers are set to reassess requirements finalized in June and related EPA standards that limit tailpipe emissions of carbon dioxide and smog-forming compounds.