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efg bank accelerates growth with major team acquisition from vp bank

VP Bank is experiencing a significant loss of experienced advisors, with 10 client advisors and 3 assistants moving to EFG, potentially transferring over $2 billion in client assets. EFG, led by CEO Giorgio Pradelli and Board member Boris Collardi, aims to establish itself as a leading private bank in Zurich amid ongoing consolidation in the sector. Collardi's strategic moves, including a stake in EFG and past successes, position the bank for substantial growth.
07:36 01.11.2024

moody's upgrades efg ratings outlook to stable reflecting strong capitalization and profitability

Moody's has upgraded EFG's deposit rating to "Aa3" from "A1" and the senior unsecured debt rating to "A2" from "A3," reflecting improvements in the bank's capitalization and profitability. EFG is well-positioned to manage reputational, legal, and market risks effectively.
20:55 24.10.2024

Under Armour receives Buy rating from UBS amid global expansion efforts

Under Armour, Inc. specializes in the development, marketing, and distribution of branded athletic performance apparel, footwear, and accessories for men, women, and youth. The company operates across four geographic segments: North America, EMEA, Asia-Pacific, and Latin America, utilizing both wholesale and direct-to-consumer channels for sales. In EMEA, products are primarily sold through wholesale customers and independent distributors, while in Asia-Pacific, sales occur through distribution partners and e-commerce platforms.
15:16 24.10.2024

personalized healthcare market poised for significant growth through 2032

The Personalized Healthcare market is poised for significant growth from 2024 to 2032, driven by advancements in genomics, diagnostics, and AI technologies. Key players include GE Healthcare, Illumina, and Abbott, focusing on tailored medical treatments based on individual genetic and lifestyle factors. The report provides a comprehensive analysis of market dynamics, segmentation, and competitive strategies across various regions.

diverse indices illustrate investment strategies across global markets

The HFS Bulletin for September 2024 outlines various indices used for illustrative purposes, emphasizing that they are unmanaged and not directly investable. Key indices include the Barclays Corporate High Yield Index, which excludes certain bonds, and the Barclays Global Aggregate Index, representing global investment-grade fixed income markets. Other notable indices cover diverse strategies such as equity hedging, event-driven investing, and macroeconomic trends, providing benchmarks for hedge fund performance across multiple asset classes.
20:21 22.10.2024

Philip Morris shares soar as Zyn demand drives record growth

Philip Morris International shares soared to record highs, driven by a significant increase in demand for its Zyn nicotine pouches, which saw shipments rise nearly 40% year-over-year. The company reported strong financial results and raised its earnings outlook, highlighting Zyn as a key growth driver as it expands into new markets. With a 37% increase in 2024, this marks the company's best performance since its separation in 2008.

global leaders pledge nearly 700 million USD to support world health organization

European countries and foundations have pledged nearly USD 700 million and reaffirmed commitments of USD 300 million to the WHO, emphasizing the need for sustainable funding to enhance global health initiatives. Key figures, including German Chancellor Olaf Scholz, announced significant contributions during the World Health Summit in Berlin, aiming to support WHO's investment cycle and its mission to improve health worldwide. The event highlighted the urgency of mobilizing resources ahead of the G20 Leaders' Summit next month.

vp bank appoints new leaders to enhance asia management committee

VP Bank has appointed Alexander Tsikouras as Chief Financial Officer & Chief Operating Officer Asia and Will Wang as Head of Client Solutions & Strategic Partnerships Asia, effective September 24, 2021. These roles are part of the bank's Asia Management Committee, aimed at enhancing its growth strategy in the region. Both executives bring over 20 years of experience in wealth management and finance, contributing to the bank's goal of establishing itself as a leader in Open Wealth Services.
16:15 05.10.2024

france plans 60 billion euro budget cuts and tax increases for 2025

The French government plans a 60-billion-euro budget effort for 2025, primarily through 40 billion euros in spending cuts and 20 billion euros in tax increases, aiming to reduce the deficit to 5% of GDP. Key measures include postponing pension indexation and tighter control on healthcare spending, alongside a focus on ecological transition with 1.5 billion euros allocated for greening initiatives. France's public debt, currently at 112% of GDP, poses significant risks, prompting calls for contributions from large corporations and wealthy citizens.

global coal trends as countries shift towards cleaner energy sources

The UK has officially shut down its last coal-fired power plant, marking a significant transition from coal to cleaner energy sources. While countries like the UK, Germany, and the US have made strides in reducing coal dependency, nations such as China and India continue to expand their coal power capacity amid rising electricity demands. Despite the global push for cleaner energy, coal remains a dominant power source, meeting about 35% of global energy needs.
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