Alstom shares have shown a positive trend, rising significantly in recent weeks, with a notable increase of 4.74% to USD 22.36 on November 14, 2024. Analysts from various banks have adjusted their target prices, with DZ Bank raising its fair value to 24 euros while maintaining a "Hold" rating, and JPMorgan increasing its target to 24.80 euros with an "Overweight" rating, reflecting confidence in the company's turnaround despite ongoing challenges.
Corporate borrowers are seizing the opportunity in the US bond market, raising over $50 billion this week, driven by favorable conditions following Donald Trump's election victory. With corporate borrowing costs at their lowest in decades, companies are accelerating bond issuance, particularly in the financial sector. The surge in stock prices has also led to increased activity in equity capital markets, with private equity firms raising about $6 billion through follow-on sales since the election.
Boat has appointed ICICI Securities, Goldman Sachs, and Nomura as bankers for its upcoming $300-500 million IPO, aiming for a valuation above $1.5 billion. Despite a 5% revenue dip to Rs 3,285 crore for FY24, the company halved its losses to Rs 70.8 crore and reported positive EBITDA, benefiting from a sales boost during the Diwali season. Founded in 2015, Boat holds a 26.7% market share in India's wearables segment.
Goldman Sachs Group Inc.'s longest-serving partner in Tokyo, Shinichi Yokote, will retire at the end of the year after over 20 years with the firm. Yokote, who has been the chairman of fixed income and equities in Japan, confirmed his departure in an internal memo dated October 3. A replacement has not yet been announced.
Bridgewater Associates, led by Ray Dalio, strategically increased its investments in major banks like Goldman Sachs and Wells Fargo just before a market rally driven by regulatory optimism following the recent election. This calculated move capitalized on the anticipated deregulation under the new administration, resulting in a significant rise in bank stocks, with the KBW Bank Index surging nearly 12% post-election. The hedge fund"s actions highlight the influence of political changes on financial markets and the potential for policy shifts to unlock value in the banking sector.
Societe Generale sold a 0.11% stake in Ramkrishna Forgings, while Think India Opportunities Master Fund LP purchased the same amount at Rs 922.8 per share. In another transaction, BNP Paribas acquired 0.05% of PNB Housing Finance, matching Goldman Sachs' sale of the same percentage at Rs 914.75 per share. ISENGARD Direct PE LLC offloaded 1.85% of Nectar Lifesciences at Rs 34.02 per share.
Valencia CF has secured a refinancing deal for €186 million ($196 million) in existing debt, facilitated by Goldman Sachs. This move aims to generate funds for a new stadium in preparation for the 2030 FIFA World Cup, with preliminary plans already underway.
Venture Global LNG Inc. is set to file for an initial public offering this week, aiming to raise over $3 billion. The company, a major player in the U.S. liquefied natural gas market, is collaborating with Goldman Sachs, JPMorgan Chase, and Bank of America for the listing. Details may still evolve as the process unfolds.
Locanda Verde, a beloved Tribeca restaurant, is set to open a second location on November 15 at 50 Hudson Yards, the headquarters of BlackRock Inc. This expansion comes after 15 years of success in its original spot, catering to a loyal clientele, including notable figures like Goldman Sachs CEO David Solomon.
China’s securities regulator is increasing its engagement with global banks, shifting from quarterly to more frequent discussions, including weekly and ad-hoc queries. This effort focuses on gathering insights on recent stimulus measures, revisions to economic forecasts, and analyzing foreign investment trends.
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