UBS strategists anticipate that further Federal Reserve rate cuts will support US economic growth, despite mixed sentiment in business and consumer surveys. Recent labor market data shows unexpected strength, with wage growth remaining above pre-pandemic levels, while inflation is gradually moderating, expected to decline to 2.1% in September. The Fed may implement 25-basis-point cuts in upcoming meetings, but a potential skip this year could still align with a broader neutral policy stance by 2025.
11:54 22.10.2024
Jana Small Finance Bank's shares plummeted 11% to Rs 454 on October 22 following disappointing Q2FY25 results, with net profit falling 21% YoY to Rs 96 crore. Total expenditure surged 21.3% YoY to Rs 1,042 crore, despite a 31% increase in deposits and a 17% rise in advances. The bank maintains a capital adequacy ratio of 18.8% and a robust liquidity coverage ratio of 261%.
UBS strategists anticipate that further Federal Reserve rate cuts will support US economic growth, despite mixed sentiment in business and consumer surveys. Recent labor market data shows unexpected strength, with wage growth remaining above pre-pandemic levels, while inflation is gradually moderating, expected to decline to 2.1% in September. The Fed may implement 25-basis-point cuts in upcoming meetings, though a potential skip this year is also on the table, without altering the broader policy trajectory.
11:52 22.10.2024
Indian engineering firm BTL EPC Ltd has experienced a doubling of revenues and expanded profit margins, attributed to a central bank-backed electronic platform that facilitates quicker and cheaper access to working capital for small businesses. The Trade Receivables Discounting System (TReDS), introduced by the Reserve Bank of India, has reduced the company's cost of funds by 2.5 percentage points, with revenues rising to 6.5 billion rupees ($77.3 million) for the year ending March 2024, and projections to exceed nine billion rupees this year.
Elon Musk advocates for a technopoly that aligns technological development with specific values, opposing the idea of societal-scale direction. If Trump wins, Musk may lead a new "Department of Government Efficiency," emphasizing incentives for effective disaster response, as seen during Hurricane Helene. His Starlink satellites provided crucial connectivity, while his X platform's lack of moderation allowed misinformation to spread, illustrating the dual impact of technology on society.
Citi has upgraded First Solar, indicating that the company's shares are poised to benefit regardless of the outcome of the upcoming U.S. presidential election. This positive outlook suggests resilience in First Solar's performance amid political uncertainties.
Sanofi's CEO, Paul Hudson, acknowledged "difficult discussions" with the French government regarding the sale of its OTC subsidiary, Opella, which markets Doliprane. The negotiations, under significant political pressure, resulted in commitments to maintain production in France and preserve jobs at local sites for at least five years. The French government will have a minor stake in Opella, ensuring governance without deterring foreign investment.
UBS strategists anticipate that further Federal Reserve rate cuts will support US economic growth, despite mixed sentiment in business and consumer surveys. Recent labor market data shows unexpected strength, with wage growth remaining above pre-pandemic levels, while inflation is gradually moderating, expected to decline to 2.1% in September. The Fed is likely to implement 25-basis-point cuts in its remaining meetings this year, with a potential shift to a neutral policy stance by 2025.
11:44 22.10.2024
UBS strategists anticipate that further Federal Reserve rate cuts will support US economic growth, despite mixed sentiment in business and consumer surveys. Recent labor market data shows unexpected strength, with wage growth remaining above pre-pandemic levels, while inflation is gradually moderating, expected to decline to 2.1% in September. The Fed is likely to implement 25-basis-point cuts in its remaining meetings this year, with a potential shift to a neutral policy stance by 2025.
11:44 22.10.2024
Germany has approved plans for a €19 billion hydrogen network, reinforcing its commitment to this energy source despite recent challenges. The German Federal Network Agency has sanctioned proposals for a 9,040-kilometer hydrogen grid, expected to be fully operational by 2032, connecting key industrial hubs aiming for decarbonization.
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