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bnp paribas exane raises charter communications price target to 380 dollars
BNP Paribas Exane has raised its price target on Charter Communications to $380 from $360 while maintaining a neutral rating. Charter, a prominent American cable services provider, generates its net sales primarily from high-speed Internet access (42.4%), TV and on-demand video services (27.5%), and telephone services (8.2%). Additional revenue comes from advertising sales (3.2%) and other sources (5.5%), with 13.2% from commercial cable services.
Huawei reported a 28% drop in profits last year, totaling 62.6 billion yuan ($8.6 billion), amid international economic uncertainty and ongoing US sanctions that have limited access to critical technology. Despite this, revenue rose 22% to 862.1 billion yuan, driven by its ICT infrastructure and consumer products. The company continues to innovate, launching its first smartphone with a homegrown operating system and the world's first triple-folding phone, while facing scrutiny over alleged bribery in the EU.
Musk's trillion dollar spending cuts may reshape defense industry dynamics
Access to the page has been denied. However, Musk's proposed $1 trillion in federal spending cuts could represent a significant shift for the defense sector, according to UBS. This move may reshape funding priorities and impact various defense initiatives moving forward.
japan's economy faces uncertainty as tariff concerns impact currency outlook
Japan is emerging from a prolonged deflationary period, with February's industrial production rising 2.5% y/y, driven by demand for manufactured goods ahead of new US tariffs. However, uncertainties surrounding US trade policies are impacting global sentiment and expectations for the Bank of Japan's rate hikes, with a forecast suggesting USD/JPY may end the year lower at 145.
Spinny secures 131 million dollars in funding led by Accel Leaders Fund
Spinny has successfully closed a $131 million funding round, with participation from existing investors, led by Accel Leaders Fund. This significant investment underscores the confidence in Spinny's growth and potential in the market.
Bentley Systems receives neutral rating from UBS according to TipRanks
Bentley Systems has been initiated with a Neutral rating by UBS, according to TipRanks.com. This marks a significant development for the company as it navigates the financial landscape. Investors will be watching closely for further insights and market reactions.
ubs group increases stake in dalata hotel group signaling strategic shift
Dalata Hotel Group PLC has reported a significant change in major holdings, with UBS Group AG crossing a 3% threshold in financial instruments related to the company, effective March 27, 2025. This strategic move by UBS could influence Dalata's market positioning and stakeholder interests. The company continues to focus on expanding its market presence and enhancing service offerings in the hospitality sector.
goldman sachs predicts significant economic slowdown and rising unemployment in 2025
Goldman Sachs forecasts a mere 1% GDP growth for the U.S. in 2025, suggesting a narrow avoidance of recession, yet predicts unemployment will rise to 4.5% and inflation to 3.5%. The outlook is influenced by anticipated tariff impacts, which could stifle consumer demand and business investments, leading to a cautious economic environment.
HSBC stake in BoCom to decrease after new share issuance
HSBC Holdings plc will see its stake in Bank of Communications (BoCom) diluted from 19.03% to 16.06% following BoCom's plan to issue approximately 13.78 billion new A ordinary shares at RMB8.71 each. This share issuance is part of efforts by Chinese financial authorities to boost economic growth. Despite the dilution, HSBC's CET1 capital ratio will remain largely unaffected, and the bank will continue to account for its share of BoCom's profits or losses.
credit suisse executives seek new paths amid uncertainty at ubS
Many former Credit Suisse employees are leaving UBS due to a lack of belonging and recent layoffs, seeking unconventional new roles. Dirk Hentschel has joined Commerzbank as a managing director in London, where he will encounter familiar faces amid a hostile takeover attempt by UniCredit, led by ex-UBS executive Andrea Orcel.