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South Korea's market supervisory authority has fined JPMorgan, Nomura, UBS, and Morgan Stanley for breaching short selling regulations in the domestic stock market. The penalties were announced by an official from the Financial Supervisory Service.
South Korea's financial regulator is set to impose fines on JPMorgan, UBS, Nomura, and Morgan Stanley for violating short-selling rules, following a months-long investigation that identified 14 global investment banks as violators. The penalties are expected to be finalized before the lifting of a short-selling ban next month, which has been in place since November 2023 to address abuses, particularly illegal "naked" short-selling. Previous fines have been levied against Barclays, Citigroup, BNP Paribas, and HSBC for similar violations.
South Korea's financial regulator is imposing fines on JPMorgan Chase & Co., Morgan Stanley, UBS Group AG, and Nomura Holdings Inc. for alleged violations of short-selling rules. The decision follows a months-long investigation by the Financial Services Commission, as reported by Maeil Business Newspaper. An FSC spokesperson declined to provide further comments.
The Trump administration is pushing for the deployment of Open Radio Access Networks (O-RAN) in the Pacific region, despite challenges and a fading multi-vendor vision, as highlighted by a Dell’Oro Group report predicting a 25% market share by 2029. While major American vendors are absent, partnerships with countries like Japan, Australia, and South Korea are being sought to enhance infrastructure investments. The administration's interest raises speculation about a potential controlling stake in Nordic vendors like Ericsson or Nokia to strengthen U.S. presence in RAN infrastructure.
Abu Dhabi's Hub71 has welcomed 27 global tech startups in its latest cohort, raising over $145 million in funding. Selected from over 1,300 applications, these startups span key sectors, with 63% based in leading tech markets like the USA, UK, and Germany. Notable additions include Vivan Therapeutics and Theion, highlighting the UAE's growing status as a global entrepreneurship hub.
Huawei reported a remarkable revenue increase of 22% in 2024, reaching 860 billion yuan, driven by a resurgence in smartphone sales and growth in its smart vehicle solutions. The company regained its position as the top smartphone brand in China, capturing an 18.1% market share, and surpassed Samsung in the global foldable smartphone market. Despite ongoing U.S. sanctions, Huawei's strategic pivot to local technology and its HarmonyOS operating system are key to its recovery and expansion efforts.
The global 6G market is projected to exceed USD 159.54 billion by 2035, driven by advancements in satellite communication and the integration of technologies like AI and IoT. Key players include Intel, Huawei, and Cisco, with North America expected to lead market growth amid challenges like standardization and high infrastructure costs.
Huawei reported a 22% revenue increase in 2024, reaching 860 billion yuan, driven by a resurgence in smartphone sales and growth in its smart vehicle solutions. The company regained its position as the top smartphone brand in China, capturing 18.1% of the market, and surpassed Samsung in the foldable smartphone segment. Despite challenges from U.S. sanctions, Huawei's HarmonyOS is pivotal for its overseas smartphone ambitions, as it seeks to recover its global presence.
Shares in online food delivery services saw increased demand, with Delivery Hero leading the MDax with a 5% rise, surpassing the 21-day moving average. UBS maintains a buy recommendation for Delivery Hero, projecting a price target of 55 euros, indicating potential for significant growth. Other companies in the sector, including Hellofresh, Just Eat Takeaway, and Deliveroo, also experienced price gains, reflecting positive market sentiment ahead of Delivery Hero's upcoming quarterly figures.
UBS has maintained a 'Buy' rating for Delivery Hero, setting a target price of 55 euros. Analyst Jo Barnet-Lamb noted a stabilized market share for the subsidiary Baemin in South Korea as of January, with market growth remaining in the double-digit percentage range in December. The outlook suggests a potential gradual recovery for the food delivery service by 2025.
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south korea fines major banks for short selling violations
06:06 13.02.2025
global banks face fines in south korea for short selling violations
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05:15 13.02.2025
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05:30 11.02.2025
delivery hero shares rise as market shows positive trends in food delivery
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18:12 10.02.2025
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