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bnp paribas am to liquidate two low demand esg factor etfs
BNP Paribas Asset Management will liquidate two ESG factor ETFs, the BNP Paribas Easy ESG Low Vol US UCITS ETF and the BNP Paribas Easy ESG Momentum Europe UCITS ETF, on May 14, 2025, due to low demand and insufficient asset levels for efficient management. Launched in 2016, the ETFs focus on US and European stocks that meet ESG criteria, but investor interest in ESG ETFs has waned amid regulatory confusion and concerns over greenwashing. Franklin Templeton is also closing its socially responsible investing global equity ETF for similar reasons.
Goldman Sachs anticipates the European Central Bank will implement a 25 basis points rate cut in July, influenced by recent softer inflation data from France and Spain. This adjustment aligns with a potentially weaker growth outlook due to upcoming tariffs from the Trump administration.
Goldman Sachs anticipates the European Central Bank will implement a 25 basis points rate cut in July, influenced by recent softer inflation data from France and Spain. This adjustment aligns with a potentially weaker growth outlook due to upcoming tariffs from the Trump administration.
ubs raises airbus price target to 175 euros maintains neutral rating
UBS has increased its price target for Airbus from 140 to 175 euros while maintaining a "Neutral" rating. Analyst Ian Douglas-Pennant has raised EBIT estimates for the defense, space, and helicopter sectors, citing Airbus's strong position for European rearmament, despite ongoing supply chain challenges.
UBS raises Airbus price target to 175 euros while maintaining neutral rating
UBS has raised its price target for Airbus from 140 to 175 euros while maintaining a "Neutral" rating. Analyst Ian Douglas-Pennant has increased estimates for the operating result in the defense, space, and helicopter sectors for 2030, citing Airbus's strong position amid European rearmament. However, ongoing supply chain challenges remain a concern.
saudi arabia reports significant growth in exports and imports for january
In January, Saudi Arabia's total merchandise exports reached SR97.18 billion, a 2.4% year-on-year increase, with non-oil exports rising to SR26.48 billion, reflecting a 10.7% growth. China was the top destination for exports, receiving SR14.74 billion, while imports rose 8.3% to SR72.62 billion, primarily from China. The Kingdom's non-oil sector continues to expand, contributing significantly to economic diversification efforts under Vision 2030.
tariffs spark global concerns as economic impact looms for families
President Trump is set to announce a series of tariffs, dubbed "Liberation Day," aimed at reducing foreign imports and boosting American manufacturing. While he believes these measures will revitalize the U.S. economy, economists warn they could lead to higher consumer prices and sluggish growth, with potential retaliatory actions from other nations. Global leaders express concern that such tariffs could disrupt trade and harm job markets, emphasizing the risks of escalating trade tensions.
bank of ghana oversees sale of societé générale ghana shares
The Bank of Ghana is overseeing the ongoing sale of shares in Société Générale Ghana, with several prospective buyers showing interest. Governor Johnson Asiama confirmed that the central bank will ensure compliance with regulatory requirements before granting final approval, as negotiations between shareholders continue. This follows a strategic review initiated by the Société Générale Group, which holds a 60.22% stake in the bank.
ongoing sale of shares in société générale attracts multiple prospective buyers
The Governor of the Bank of Ghana, Dr. Johnson Asiama, announced that the sale of shares in Société Générale is in progress, with multiple prospective buyers showing interest. The central bank is ensuring that any buyer meets the necessary fit and proper requirements before proceeding with the transaction. This follows Société Générale's plans to exit the Ghanaian market, aiming to focus on more strategic locations in Africa.
copper prices expected to decline amid impending tariffs according to analysts
Copper prices are expected to face a significant decline as tariffs are anticipated to be implemented, according to BNP Paribas. This development raises concerns about the future stability of the copper market, potentially impacting various industries reliant on this metal.
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