HSBC Holdings Plc has appointed Pam Kaur as its first female chief financial officer in the bank's 150-year history. At 60, Kaur brings nearly four decades of experience in auditing, risks, and compliance, having joined HSBC in 2013 as head of internal audit following the bank's legal challenges related to anti-money laundering.
Industries are increasingly recognizing the transformative potential of Artificial Intelligence (AI), particularly Generative AI, which creates new content from vast datasets. A report by RBC Wealth Management highlights the long-term implications of Gen AI, noting challenges such as data accuracy, user privacy, and economic feasibility, especially regarding entry-level job replacement. While short-term benefits may be exaggerated, the profound long-term effects are often underestimated.
The US plans to intensify restrictions on Russian liquefied natural gas (LNG) exports to undermine funding for its war in Ukraine, according to a senior State Department official. While sanctions have targeted the Arctic LNG 2 facility, other plants like Yamal and Portovaya remain unaffected, allowing continued shipments to Europe and Asia. The Biden administration is closely monitoring Russian cargoes and is committed to further tightening measures against LNG exports.
Five years ago, VP Bank shares traded at CHF 158.20. An investment of CHF 100 would now be worth CHF 44.25, reflecting a loss of 55.75%. The bank's current market capitalization stands at CHF 439.34 million, excluding any share splits or dividends.
10:02 22.10.2024
Oil prices are under pressure due to fears of oversupply and weak global demand, particularly from China, which has seen reduced consumption and refinery production. Despite a recent bearish trend, technical analysis suggests a potential short-term buying opportunity as prices approach a bullish support level. Traders are advised to consider a buy entry at $70, targeting $77 with a stop at $67, reflecting a favorable risk/reward ratio.
IG
10:01 22.10.2024
Lombard Odier has appointed Mark Goddard as the new CEO of its UK business, effective November 26. Based in London, he will lead the private client division and report to Duncan MacIntyre and Stephane Herrmann. Goddard brings extensive experience from UBS, where he was Head of UK HNW.
10:00 22.10.2024
UBS has increased its price target for Sartorius Stedim Biotech from 194 to 215 euros following the release of third-quarter figures, maintaining a "Neutral" rating. Analyst Matthew Weston attributed the adjustment to generally higher valuations within the biotechnology sector.
09:56 22.10.2024
UBS has increased its price target for Sartorius Stedim Biotech from 194 to 215 euros following the release of third-quarter figures, maintaining a "Neutral" rating. Analyst Matthew Weston attributed the adjustment to generally higher valuations within the biotechnology sector.
09:56 22.10.2024
UBS has increased its price target for Sartorius Stedim Biotech from 194 to 215 euros, maintaining a "Neutral" rating. Analyst Matthew Weston attributed this adjustment to higher industry valuations following the company's third-quarter results. As of October 22, 2024, Sartorius shares were trading at approximately 199.10 euros, reflecting a slight decline of 0.43%.
09:56 22.10.2024
At the BRICS summit, President Vladimir Putin aims to showcase Russia's resilience against Western sanctions amid the ongoing war in Ukraine. However, attendees are advised to bring cash, as foreign Mastercard and Visa cards will not work in Russia, with Union Pay cards available but subject to restrictions.
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