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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."
Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
The global debt crisis is intensifying, with developing nations facing unprecedented challenges as their external debt reached $11.4 trillion in 2023, consuming more than their export earnings. Countries like Sri Lanka and Pakistan exemplify the dire consequences of unsustainable borrowing, leading to defaults and economic turmoil. Urgent reforms and innovative solutions, such as debt-for-climate swaps, are essential for fostering sustainable development and financial stability amidst rising global trade uncertainties.
Southern Copper Co. is projected to report earnings of $4.66 per share for the current fiscal year. The company recently increased its quarterly dividend to $0.70, reflecting a 2.91% yield, while analysts maintain a "Hold" rating with a consensus price target of $97.31. Despite mixed ratings from research analysts, the stock has shown resilience, opening at $96.13 with a market cap of $75.51 billion.
Robeco Institutional Asset Management B.V. increased its stake in Southern Copper Corporation, owning 137,019 shares valued at $12.5 million. The company, engaged in mining and refining copper and other minerals across several countries, has received mixed ratings from analysts, with a consensus rating of "Hold" and a price target of $97.31. Recently, UBS upgraded the stock to "Buy" with a target of $120, indicating a potential upside of 32.89%.
UBS upgraded Southern Copper (SCCO) from Neutral to Buy on March 13, 2025, with a one-year price target average of $96.41/share, indicating a 4.40% upside from its recent closing price of $92.35. Institutional ownership has increased by 3.60% over the last three months, with a bullish put/call ratio of 0.91. The company, primarily owned by Grupo Mexico, operates in Mexico and Peru and is a leading copper producer globally.
KME, a leading European rolled copper supplier, has shifted focus to the booming electronics sector, with over 90% of sales now in rolled copper. The company is enhancing its ESG profile, with 43% of output from recycled copper, while expanding its borrowing base facility to €460m to support growing demand driven by AI and electrification.
Ecuador has implemented a 27% tariff on goods imported from Mexico. This decision marks a significant shift in trade relations between the two countries, potentially impacting various sectors reliant on Mexican products. The move reflects Ecuador's evolving economic policies and trade strategies.
An exclusive event at TAK Schaan on January 28 marked the kickoff for the 2025 investment year, hosted by SRF presenter Rainer Maria Salzgeber and Adrian Schneider. Felix Brill discussed financial market opportunities and risks, while extreme mountaineer Karl Egloff shared his ambitious plans to climb Mount Everest without oxygen or Sherpa support. He detailed his preparation and personal journey from Ecuador to Switzerland.
VP Bank has partnered with Ecuadorian-Swiss mountaineer Karl Egloff, known as the "white condor," to support his record attempt to climb Mount Everest without oxygen or Sherpas. The exclusive event on January 28 in Schaan will feature Egloff discussing his preparation and training, alongside insights from VP Bank's Chief Investment Officer, Felix Brill, on economic and financial markets. This collaboration reflects VP Bank's commitment to excellence and determination, paralleling Egloff's pursuit of climbing the "Seven Summits" in record time.
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arcos dorados reports earnings growth and dividend announcement amid stock fluctuations
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09:03 31.03.2025
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13:46 24.03.2025
global debt crisis challenges developing nations amid rising economic instability
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19:23 22.03.2025
southern copper announces dividend increase and earnings expectations for fiscal year
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southern copper upgraded to buy as institutional investment increases
13:25 14.03.2025
ubs upgrades southern copper to buy with positive price forecast
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01:04 14.03.2025
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14:33 26.02.2025
Ecuador imposes 27 percent tariffs on imports from Mexico
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exclusive vp bank event highlights financial insights and extreme mountaineering ambitions
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16:10 30.01.2025
vp bank partners with mountaineer karl egloff for record-breaking everest attempt
17:25 22.01.2025
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