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Banco Santander Brasil has appointed Cristiana Almeida Pipponzi as the new Coordinator of the Sustainability Committee following the resignation of Marilia Artimonte Rocca due to other professional commitments. This change underscores the company's dedication to sustainability initiatives within the financial services sector in Brazil.
U.S. travel spending is showing signs of cooling, with lodging and tourism down 2.5% and airline spending down 6% year-over-year as of March 22. Despite this, weekly spending remains 10% above 2019 levels, and some Americans are still traveling abroad, with overseas spending up 2.6% in early 2025. Lower-income households are cutting back the most, reflecting broader economic pressures.
Circle, the issuer of the USDC stablecoin, is set to go public this April with JPMorgan Chase and Citi as underwriters, aiming for a valuation between $4 billion and $5 billion. This IPO follows a challenging journey, including a collapsed SPAC deal and regulatory hurdles, and is expected to enhance confidence in blockchain-based financial services. With USDC's market cap at $60 billion, the move could position Circle as a strong competitor to Tether in the stablecoin market.
Barclays has adjusted its price target for Schlumberger Limited to $53 from $54 while maintaining an overweight rating. Schlumberger, the leading provider of oil and gas exploration and production services, generates net sales primarily from well development (36.2%) and oil production equipment (32.9%), with a significant portion also from optimizing reservoir performance (19.4%) and digital solutions (11.5%). Geographically, sales are distributed across North America (18.4%), the Middle East and Asia (35.9%), Europe/CIS/Africa (26.6%), and Latin America (18.5%).
Deutsche Bank has adjusted its price target for PepsiCo, Inc. to $170 from $174 while maintaining a Buy rating. PepsiCo is a global leader in non-alcoholic beverages and snacks, with 60% of net sales coming from North America, followed by Europe (15.1%), Latin America (12.8%), Africa/Middle East/South Asia (6.8%), and Asia/Pacific/Australia/New Zealand (5.3%). The company's diverse product range includes popular brands such as Aquafina, Gatorade, Lay's, and Doritos, with significant sales concentrated in the United States (56.3%).
The Biopharmaceutical Contract Manufacturing Market is experiencing significant growth, driven by increased demand, technological advancements, and a broadening customer base. A comprehensive report analyzes market trends, competitive landscapes, and future growth prospects, highlighting key players such as Lonza Group Ltd. and Boehringer Ingelheim. The report also delves into market segmentation by contract type, product type, and therapeutic applications, providing valuable insights for stakeholders.
Arcos Dorados Holdings Inc., the exclusive franchisee of McDonald's in 20 Latin American and Caribbean countries, reported a quarterly EPS of $0.28, exceeding estimates. The company announced a quarterly dividend of $0.06 per share, with a yield of 2.95%. Institutional investors hold 55.91% of its stock, while analysts have recently downgraded its rating from "buy" to "hold."
Toronto Dominion Bank increased its stake in Westlake Corporation, owning 5,190 shares valued at $595,000 after acquiring 335 additional shares. UBS Asset Management raised its holdings by 9% to 346,789 shares worth $39.76 million. Analysts have mixed ratings on Westlake, with a current average rating of "Moderate Buy" and a price target of $138.21, despite recent earnings missing expectations.
Deutsche Bank has appointed Raja Akram, previously Deputy CFO at Morgan Stanley, as its new Chief Financial Officer, effective October 1. Akram, who has a strong background in finance and leadership roles, will succeed James von Moltke and join the management board on January 1, 2026. This transition is part of the bank's broader management restructuring aimed at enhancing its growth strategy.
Japan's GDP per capita is projected to plummet from 29th to 45th globally by 2075, with real GDP expected to grow to $4.4 trillion but drop its global ranking from fourth to 11th. Contributing factors include a declining population, low fertility rates, and limited benefits from AI advancements, necessitating urgent labor reforms to boost productivity. Meanwhile, emerging markets like India are set to rise significantly, with BRICS nations projected to surpass the US in total GDP by 2075.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Banco Santander Brasil appoints new leader for sustainability committee
23:28 31.03.2025
us travel spending shows signs of decline after post pandemic surge
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23:20 31.03.2025
Circle targets April IPO with JPMorgan and Citi as underwriters
20:45 31.03.2025
barclays lowers schlumberger price target while maintaining overweight rating
15:10 31.03.2025
deutsche bank lowers pepsico price target while maintaining buy rating
13:21 31.03.2025
biopharmaceutical contract manufacturing market poised for significant growth through 2032
10:01 31.03.2025
arcos dorados reports earnings growth and dividend announcement amid stock fluctuations
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westlake corporation sees mixed analyst ratings and institutional investment activity
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18:33 29.03.2025
Deutsche Bank appoints Raja Akram as new chief financial officer
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japan's economic decline projected by 2075 amid population challenges and reforms
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