{
}
Wellington Management Group LLP increased its stake in Barrick Gold to 64.3 million shares, valued at $996.8 million, while Capital International Investors raised its holdings by 136.1% to 33.3 million shares worth $516.1 million. Mackenzie Financial Corp also boosted its investment by 1.9%, owning 15.3 million shares valued at $237.3 million. Hedge funds and institutional investors now hold 62.85% of Barrick Gold, which has received a "buy" rating from UBS Group with a target price of $22.00, indicating a potential upside of 19.21%.
Pembina Pipeline's price target has been reduced by UBS Group from C$62.00 to C$57.00, suggesting a potential upside of 4.61%. The stock currently holds a "Moderate Buy" rating, with mixed analyst opinions, as six analysts recommend a hold, six a buy, and one a strong buy. Recently, shares traded down 1.6% to C$54.49, with a market cap of C$31.50 billion.
Asian shares fell to a three-month low as investors awaited crucial U.S. inflation data, with the dollar reaching a two-year peak. The Bank of Japan's dovish stance and steady lending rates contributed to the yen's decline, while U.S. Treasury yields surged, reflecting market concerns over economic policy and geopolitical uncertainty.
Gold prices fell 3.44% to $2,616.80 per ounce as optimism surrounding President-elect Trump's Treasury pick and a potential Israel-Hezbollah ceasefire diminished the metal's safe-haven appeal. The market anticipates a shift in U.S. monetary policy, with a reduced likelihood of a rate cut in December, while a stronger dollar further pressures gold. Analysts predict continued volatility in gold prices amid the transition to the Trump administration and its economic policies.
Working Capital Finance plays a crucial role in bridging global trade funding gaps, particularly as suppliers face extended payment times. With banks retreating due to regulatory pressures, non-bank funders like O’Connor are stepping in to capture opportunities, leveraging their expertise in credit risk management and real-time market insights. This strategy not only addresses liquidity needs but also offers attractive yields with lower default rates compared to traditional debt markets.
Apotex Inc., a Canadian generic drug manufacturer, is preparing for a potential initial public offering next year. RBC Capital Markets, Jefferies Financial Group, and TD Securities are advising on the deal, though no final decisions on timing or size have been made yet. Additional banks may join the advisory team as plans develop.
JP Morgan and UBS have topped the APAC M&A financial advisory rankings for Q1-Q3 2024, leading in deal value and volume, respectively. JP Morgan advised on transactions worth $17bn, while UBS facilitated 30 deals, totaling $14.4bn in value. Moelis & Company, TD Securities, and Mitsubishi UFJ Financial followed in the value rankings, while Moelis also secured second place in volume.
TD Securities, a subsidiary of TD Bank, will pay $28 million in penalties for failing to supervise a trader who engaged in spoofing the U.S. Treasury cash securities market for 13 months from 2018 to 2019. The compliance department overlooked multiple red flags related to the trader's illegal activities. Jeyakumar Nadarajah, the trader involved, was indicted in November 2023 and is currently awaiting trial.
TD Securities Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
barrick gold sees significant institutional investment and stock rating upgrades
Mackenzie Financial Corporation
Berenberg Bank
Wellington Management Group LLP
Van Eck Associates Corporation
TD Securities Inc.
UBS Group SA
Barrick Gold Corporation
USA
CAN
Show more
09:04 07.03.2025
analysts adjust price targets for pembina pipeline amid mixed ratings
United States Dollar
Canadian Dollar
Raymond James Financial Inc.
Wells Fargo & Company
TD Securities Inc.
Pembina Pipeline Corporation Ltd.
UBS Group SA
CAN
Show more
20:10 06.03.2025
asian shares decline as investors await us inflation data
United States Dollar
Japanese Yen
Euro
Chinese Yuan
TD Securities Inc.
MSCI Inc.
JPN
James Rossiter
Kazuo Ueda
06:43 20.12.2024
gold prices drop sharply as trump treasury pick fuels risk-on sentiment
United States Dollar
CME Group Inc.
Rua Gold
TD Securities Inc.
MKS Pamp
Shanghai Gold Exchange
LBN
USA
ISR
CHN
CAN
MEX
UKR
Scott Bessent
Donald Trump
John Kirby
Jerome Powell
Danny Danon
Robert Eckford
Show more
03:51 26.11.2024
navigating working capital finance in a volatile global trade environment
Boston College
United Bankshares, Inc.
Lazard Freres & Co. LLC
TD Securities Inc.
University of Chicago Booth School of Business
Vertiv Holdings Co
Dodd Frank
Show more
11:47 13.11.2024
apotex plans potential initial public offering with bank advisers
16:24 01.11.2024
jp morgan and ubs dominate apac m and a advisory rankings 2024
United States Dollar
Moelis & Company
UBS SA
TD Securities Inc.
JP Morgan Chase Bank Setr
Mitsubishi UFJ Financial Group, Inc.
Maybank Investment Bank Berhad Bhd
Ernst & Young LLP
BDA Partners
Aurojyoti Bose
Show more
11:42 21.10.2024
td securities to pay 28 million for failing to supervise rogue trader
02:00 01.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Industry Mergers & Acquisitions
Market Analysis and Predictions
CEO Changes
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Commodities
GDP Growth & Recession Forecasts
Central Bank Actions
Hedge Funds & Private Equity
Domestic Politics
Countries:
Companies:
Barclays PLC
JPMorgan Chase & Co.
Apple Inc.
Tesla, Inc.
Banco Santander, S.A.
Berkshire Hathaway Inc.
The Goldman Sachs Group, Inc.
Commerzbank AG
Amazon.com, Inc.
NVIDIA Corporation
Morgan Stanley
Lloyds Banking Group plc
Bank of America Corporation
Wells Fargo & Company
SpaceXCoin USD
Deutsche Bank Money Market PP
Citigroup Inc.
Microsoft Corporation
Royal Bank of Canada
UBS Group AG
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Indian Rupee
Japanese Yen
Chinese Yuan
New Taiwan Dollar
Canadian Dollar
United Arab Emirates Dirham
South Korean Won
Vietnamese Đồng
Danish Krone
Indonesian Rupiah
Russian Ruble
Singapore Dollar
Chilean Peso
Egyptian Pound
Cambodian Riel
People: