{
Tecan Group AG

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China's manufacturing sector shows signs of recovery amid economic challenges
The SMI showed resilience amid a technical recovery, while UBS and Polypeptide faced declines, and Tecan experienced pressure. In China, the Caixin/S&P Global PMI for manufacturing improved in October, indicating a gradual economic recovery, though challenges in the labor market and subdued prices persist. Achieving the 2024 growth target hinges on boosting consumer demand and household disposable income, according to economist Wang Zhe. The Shanghai Stock Exchange rose 0.6% to 3,299.61 points, with major companies' index up 0.9% to 3,924.96 points.
cash.ch
Chinese Yuan United States Dollar UBS AG Tecan Group AG CHN Wang Zhe Show more
TradFi, Market Report
10:03 01.11.2024
ubs revises emergency plans following credit suisse integration and regulatory demands
UBS is required to revise its restructuring and liquidation plans following the integration of Credit Suisse, as mandated by the financial market supervisory authority, Finma. The bank must expand its options for insolvency, including the potential sale or shutdown of individual businesses, while also standardizing its group structures and processes. As a globally systemically important institution, UBS must develop comprehensive stabilization and emergency plans to ensure the continuity of critical functions in case of financial distress.
investrends.ch
United States Dollar Credit Suisse Anlagestiftung Leclanché SA Tecan Group AG UBS SA SCI Lvmh FRA CHE USA Simon Johnson Pasquale Foglia James A. Robinson Daron Acemoglu Show more
TradFi, Market Report
07:54 15.10.2024
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