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JBWere, in partnership with UBS, has launched two new active fixed income products: the UBS JBWere Australian Credit Fund and the UBS JBWere International Credit Fund, aimed at wholesale clients. These funds provide access to managed defensive assets, responding to a surge in demand for sophisticated fixed income solutions, particularly as Australian investors allocated a record A$6.26bn to managed fixed income funds in the first half of the year. The products will be structured as an Australian Unit Trust and integrated into JBWere’s Multi-Asset Platform, benefiting from UBS AM’s investment expertise and competitive management fees.
The rise of digital banking has coincided with a surge in sophisticated scams, leaving regulators and banks struggling to protect clients. Recent incidents, including a lawsuit against HSBC in Australia for scam-related failures, highlight the banking sector's inadequate response to escalating fraud risks. If confidence in banks erodes, it could trigger a global bank run, reminiscent of past financial crises.
Under Armour, Inc. specializes in developing, marketing, and distributing branded sportswear, footwear, and accessories for men, women, and youth. The company operates across four regions: North America, EMEA, Asia-Pacific, and Latin America, utilizing both wholesale and direct-to-consumer sales channels. In the EMEA region, sales are primarily through independent wholesalers and e-commerce, while in Asia, distribution includes partnerships and online platforms.
Under Armour, Inc. has received a Buy rating from UBS. The company specializes in the development, marketing, and distribution of branded athletic performance apparel, footwear, and accessories for men, women, and youth across various global markets, including North America, EMEA, Asia-Pacific, and Latin America. Its products are sold through wholesale and direct-to-consumer channels, as well as e-commerce platforms and physical stores.
Under Armour, Inc. has received a Buy rating from UBS. The company specializes in the development, marketing, and distribution of branded athletic performance apparel, footwear, and accessories for men, women, and youth across various global markets, including North America, EMEA, Asia-Pacific, and Latin America. Its products are sold through wholesale and direct-to-consumer channels, as well as e-commerce platforms and physical stores.
The stock market faced a significant downturn, with the BSE Sensex dropping over 1,000 points and the Nifty 50 declining by 1.4%. Key factors included investor caution ahead of the US Federal Reserve's meeting, fears of foreign institutional investor selling due to China's budget deficit plans, and weak global market cues. Among the major losers were HDFC Bank, Reliance Industries, and TCS, while only ITC and Hindustan Unilever showed gains in the Sensex.
Asian shares showed mixed results following a record-setting day for the Nasdaq, with Tokyo's Nikkei 225 gaining 0.2% while Chinese markets declined. Investors await the Federal Reserve's interest rate decision, with expectations of a third consecutive cut to support the job market. Bitcoin reached a new high, boosting MicroStrategy shares, while oil prices fell slightly.
Asian shares showed mixed results following a record-setting day for the Nasdaq, as investors await the Federal Reserve's interest rate decision. Tokyo's Nikkei rose 0.2%, while Chinese markets declined, reflecting disappointment over economic policy announcements. The S&P 500 reached an all-time high, driven by expectations of further rate cuts, as Bitcoin surged past $107,000.
Asian shares showed mixed results following a record-setting day for the Nasdaq, as investors await the Federal Reserve's interest rate decision. Tokyo's Nikkei 225 rose 0.2%, buoyed by technology stocks, while Chinese markets declined amid disappointing economic data. South Korea's Kospi fell 1% amid political turmoil, while Australia's S&P/ASX 200 gained 0.8%. The Fed is expected to cut rates for the third consecutive time, with projections for future rate changes and economic indicators to be revealed post-meeting.
SPC Global Holdings has made a significant return to the ASX through a backdoor listing, providing a fresh opportunity for investors in the food and beverage sector. This method allows the company to bypass the traditional IPO process, though it may lead to volatility as existing shareholders adjust. Traders are advised to evaluate the company's market potential and financial health, especially in light of favorable agricultural conditions in Australia.
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