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USD CHF pair approaches upper limit amid economic uncertainty and election volatility

The USD/CHF pair has recently shown volatility, currently trading at 0.8650, up 1.7% over the past month. Analysts at UBS suggest that the pair may be nearing its upper limit, influenced by US economic conditions and the Federal Reserve's monetary policy, particularly following a strong labor market report in October. However, upcoming labor market data and potential political uncertainty from the US elections could lead to a decline in the exchange rate, with expectations of testing previous lows around 0.84.
Investing.com
United States Dollar Swiss Franc UBS SA USA CHE
TradFi, Market Report
11:24 21.10.2024

American Express fully acquires Swisscard from UBS in strategic move

UBS is fully exiting its stake in Swisscard, selling its 50% share to American Express, which will now be the sole owner. Credit card holders will see no immediate changes, as Swisscard continues to operate under existing licenses. UBS remains committed to its credit card business, planning to offer its own range of cards to former Credit Suisse clients.
watson.ch
Swiss Franc Euro United States Dollar Mastercard Incorporated Visa Inc. American Express Company Credit Suisse Anlagestiftung UBS SA CHE Show more
TradFi, Market Report
11:20 21.10.2024

lazard strengthens debt expertise with recruitment of fabien antignac

Lazard has appointed Fabien Antignac as Managing Partner and European Co-Head of Debt and Capital Solutions Advisory, enhancing its debt expertise. Antignac, who has 30 years of experience in debt markets, previously held senior roles at UBS and Crédit Suisse, including Co-Head of Investment Banking in France. His extensive background also includes a brief advisory role at Atalian services group.
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United States Dollar Credit Suisse Anlagestiftung Atalian SI UBS AG Lazard, Inc. FRA Fabien Antignac François Guichot-Pérère Tom Howard Show more
TradFi, Market Report
11:17 21.10.2024

vp bank implements cost cuts amid leadership changes and profit decline

VP Bank has implemented significant cost-cutting measures, including the elimination of 100 jobs and the closure of its Hong Kong branch, following a sharp decline in profits. Interim CEO Urs Monstein remains optimistic about growth in Asia, despite ongoing client concerns and legal disputes. A new CEO is expected to be announced by year-end, as the bank navigates its current challenges while maintaining a stable financial position.
finews.com
Swiss Franc VP Bank AG LIE Paul H. Arni Urs Monstein
TradFi, News Article
11:13 21.10.2024

ubs sells stake in swisscard to american express amid business streamlining

UBS is selling its 50 percent stake in Swisscard to American Express as part of its ongoing business streamlining following the integration of Credit Suisse. Customers will experience no immediate changes, with card usage continuing as usual until new cards are issued in 2025. After the sale, American Express will become the sole owner of Swisscard, which will still manage other card portfolios under its licenses.
finews.com
Swiss Franc UBS SA Visa Inc. Mastercard Incorporated American Express Company Credit Suisse Anlagestiftung CHE Show more
TradFi, Press Release
11:13 21.10.2024

ubs sells stake in swisscard to american express

UBS is divesting its 50% stake in Swisscard, a credit card issuer, to American Express, which will now fully own the joint venture. This transition will not affect Credit Suisse credit card customers, as UBS plans to continue offering its own credit card services. Swisscard will maintain its operations under the licenses of American Express, Mastercard, and Visa.
Finanz und Wirtschaft
United States Dollar Swiss Franc Euro UBS SA Visa Inc. Mastercard Incorporated American Express Company Credit Suisse Anlagestiftung CHE Show more
TradFi, News Article
11:13 21.10.2024

oil market outlook remains bearish amid geopolitical easing and weak demand

Oil market fundamentals are bearish despite geopolitical tensions easing, with UBS analysts noting weaker-than-expected demand from China and a downgraded 2024 global oil demand growth forecast to 0.9 million barrels per day. US crude production growth is also expected to slow, with a forecast increase of only 0.4 million barrels per day in 2025, as stagnant rig activity and uneven OPEC+ compliance continue to weigh on the market.
Investing.com
United States Dollar Opec UBS SA USA IRQ CHN Show more
TradFi, Market Report
11:10 21.10.2024

oil market outlook remains bearish amid easing geopolitical tensions and weak demand

Oil market fundamentals are bearish, with UBS analysts noting that easing geopolitical tensions and weaker demand from China have dampened price outlooks. The forecast for global oil demand growth in 2024 has been lowered, while US production faces challenges from declining rig activity. OPEC+ supply is not expected to increase until at least 2027, as weak demand and rising non-OPEC+ production continue to dominate the market.
Investing.com France
United States Dollar UBS Group AG Investing.com Opec CHN Show more
TradFi, Market Report
11:08 21.10.2024

French government secures guarantees in sale of Doliprane to US fund

The French government has secured strong guarantees in the sale of a 50% stake in Opella, producer of Doliprane, to American investment fund CD & R, which aims to enhance growth. The agreement includes a €70 million investment in France, job protection, and penalties for production stoppages. Sanofi retains a 48% stake, ensuring continued involvement in Opella's operations.
ladepeche.fr
Euro Rexel S.A. SPIE SA Seqens Sanofi CD & R USA CHN FRA Marc Ferracci Nicolas Dufourcq Paul Hudson Antoine Armand Show more
Finance & Economy, News Article
11:05 21.10.2024

Latin America braces for US election impact on regional stability

Latin America is closely watching the upcoming U.S. elections on November 5, where voters will decide between maintaining the current policies under Vice President Kamala Harris or reverting to the more volatile strategies of former President Donald Trump. The outcome could significantly impact the region's largest markets and economies.
reuters.com
Reuters Ltd. USA Kamala Harris Donald Trump
Finance & Economy, News Article
11:04 21.10.2024
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