{
}
A significant number of bank branches, including 254 from Lloyds, Halifax, and Bank of Scotland, are set to close in 2025 and 2026, prompting concerns over access to banking services. To mitigate this, alternatives such as Post Office branches, mobile banking services, and new super ATMs are being introduced, alongside the establishment of banking hubs that offer routine transactions and consultations with bank staff.
The Employees" Provident Fund Organisation (EPFO) reported a 9.33% increase in net member additions, totaling 18.81 lakh in September 2024, compared to the same month last year. New enrollments reached approximately 9.47 lakh, marking a 6.22% rise from September 2023. This growth is attributed to enhanced employment opportunities and increased awareness of employee benefits.
UBS joint ventures have invested approximately CHF 1 billion in two Chinese companies under US sanctions, including Aviation Industry Corporation of China Xi"an and Hikvision. The bank holds 49% and 20% stakes in these firms, which are linked to the Chinese government and have been on the sanctions list since 2021. UBS asserts that these transactions comply with legal regulations.
UBS is reportedly linked to Chinese military companies under U.S. sanctions, investing around $1 billion in fighter jet manufacturer Avic Xi"an and surveillance supplier Hikvision through joint ventures. Despite selling shares after the sanctions were imposed, UBS"s joint ventures have made significant purchases, raising concerns about potential U.S. retaliation. The bank maintains that its investments comply with U.S. laws, asserting that trading of these securities is permissible outside the U.S. as long as U.S. persons are not involved.
UBS is reportedly linked to sanctioned Chinese military firms, investing around $1 billion in Avic Xi"an and Hikvision through joint ventures with state-owned enterprises. Despite these ties, UBS asserts compliance with U.S. regulations, stating that their investments do not violate sanctions as long as U.S. persons are not involved in transactions.
UBS is reportedly linked to sanctioned Chinese military firms, investing around $1 billion in Avic Xi"an and Hikvision through joint ventures with state-owned enterprises. Despite these ties, UBS asserts compliance with U.S. regulations, stating that their investments do not violate sanctions as long as U.S. persons are not involved in transactions.
The government is considering lifting the suspension on futures trading for oil, oilseeds, and pulses, following pressure from the National Commodity & Derivatives Exchange (NCDEX). While discussions are ongoing, the ban on paddy and wheat futures is expected to remain. The NCDEX is advocating for the resumption of trading, citing the need for market maturity and reduced reliance on international price signals, as India imports a significant portion of its edible oil.
UBS is reportedly involved in sensitive business with US-sanctioned Chinese military companies, including stakes in Aviation Industry Corporation of China and Hikvision. Despite reducing investments post-sanctions, joint ventures have increased exposure. The bank has stated it adheres to US regulations, but the timing of this revelation poses challenges as UBS seeks a full banking license in the USA.
The Indian government is considering lifting the suspension on futures trading for oil, oilseeds, and pulses, following pressure from the National Commodity & Derivatives Exchange (NCDEX). While discussions are ongoing, the ban on paddy and wheat futures is expected to remain. The NCDEX is advocating for the resumption of trading, citing the need for market maturity and reduced reliance on international price signals, as India imports a significant portion of its edible oil.
U.S. markets experienced significant fluctuations as Bitcoin faced its steepest decline since the election, fueled by uncertainty over President-elect Trump's crypto policies. Nvidia's AI chips encountered overheating issues, while Tesla could benefit from a potential EV tax credit phase-out. Meanwhile, Buffett's investments in Domino's and Pool Corp boosted their stock prices.
v
Companies
V / nyse
Visa
Content of tab #2
Visa Inc
Visa, Inc. engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM. The company was founded by Dee Hock in 1958 and is headquartered in San Francisco, CA.
Sector
financial
Industry
Credit Finance
CEO
Ryan McInerney
Employees
31600
Website
Address
P.O. Box 8999, San Francisco, CA, 94128-8999, US
MachinaScore
10
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
331.36$ (5.6% Upside)
331.36$ (5.6% Upside)
Blogger Sentiment
Bullish
V Sentiment 96%
Hedge Fund Trend
Very Positive
By 3.73M Shares Last Quarter.
Insider Transactions
Very Positive
Worth 0 over the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days
-0%
Last 30 Days -0.02%
Last 30 Days -0.02%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
23.26
Trailing 12-Months
Fundamentals
Return on Equity
23.26
Trailing 12-Months
Asset Growth
4.43
Trailing 12-Months
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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14:38 20.11.2024
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04:30 19.11.2024
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04:27 18.11.2024
nvidia chips overheat bitcoin declines as markets react to policy uncertainties
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