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WTI oil prices have dropped nearly 15% to around $67 per barrel, influenced by trade tensions, increased OPEC+ production, and easing geopolitical tensions regarding Ukraine. The market is cautious as new tariffs may be implemented, and US economic indicators show signs of weakness, raising concerns about energy demand. The price is nearing a significant support level at $66, suggesting a potential buying opportunity, but the overall economic outlook remains uncertain.
UBS Chairman Colm Kelleher is restructuring the Board of Directors, nominating Renata Jungo Brüngger, a Swiss national and Mercedes-Benz executive, and Lila Tretikov, an AI expert, both of whom lack banking experience. They will replace Claudia Böckstiegel and Nathalie Rachou, who are stepping down for personal reasons.
UBS has nominated Renata Jungo Brüngger and Lila Tretikov for its board of directors. Tretikov, founder of NAM.R SA, holds various directorships, including at Volvo Car AB and Xylem, Inc., and has previously served as CEO of Wikimedia and ENGIE SA. Her extensive experience spans multiple sectors, showcasing her leadership in technology and digital strategy.
UBS has downgraded Erste Group Bank from Buy to Neutral, raising the price target to EUR 65.00 after a 7% drop in shares post-Q4 results, despite an 80% annual return. Deutsche Bank, however, increased its price target to EUR 72.00, maintaining a Buy rating, citing strong operational results and a positive outlook for 2025. Investors are advised to monitor the bank's performance closely amid varying forecasts and potential shareholder distributions.
UBS has nominated Renata Jungo Brungger and Lila Tretikov to its board of directors. Tretikov, founder of NAM.R SA, holds various directorships, including at Volvo Car AB and Xylem, Inc., and has previously served as CEO of Wikimedia and ENGIE SA. Her extensive experience spans roles in technology and management across several prominent companies.
UBS downgraded Erste Group Bank from Buy to Neutral, raising the price target to EUR65.00 after a 7% drop in shares post-Q4 results. Despite strong capital and an 80% annual return, UBS anticipates slower shareholder distributions, while Deutsche Bank remains optimistic, increasing its target to EUR72.00.
UBS has downgraded Erste Group Bank's shares from "Buy" to "Neutral," while raising the price target from €63.00 to €65.00, following a 7% drop post-Q4 results. Despite a strong capital position and an 80% annual performance, the bank's management is focusing on inorganic growth, delaying significant shareholder distributions. Meanwhile, Deutsche Bank has increased its price target for Erste from €69.00 to €72.00, maintaining a "Buy" recommendation, citing solid operating results and a promising outlook for 2025.
Lila Alexey Tretikov, founder of NAM.R SA, has held various prominent positions, including Independent Director at Volvo Car AB and Xylem, Inc. She previously served as CEO of Wikimedia Endowment and Wikipedia, Inc., and has extensive experience in technology and management roles across multiple companies. Tretikov holds degrees from the University of California, Berkeley, and Moscow State University Lomonosov.
UBS has announced the nomination of Renata Jungo Brüngger and Lila Tretikov for the board of directors at the upcoming general meeting. Tretikov, founder of NAM.R SA, holds various directorships, including at Volvo Car AB and Xylem, Inc., and has a notable history as CEO of Wikimedia and ENGIE SA. Her educational background includes degrees from the University of California, Berkeley, and Moscow State University Lomonosov.
OPEC+ has announced an increase in oil production by 138,000 barrels per day starting April 1, 2025, marking its first output hike since 2022. This decision, made during a virtual meeting of eight member nations, is based on positive market conditions and will be flexible to adapt to market stability.Following the announcement, oil prices fell, with Brent crude dropping 2% to below $72 a barrel. The group also committed to compensating for overproduced volumes since January 2024, with plans to complete this by June 2026.
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oil prices decline amid trade tensions and geopolitical shifts
11:53 04.03.2025
ubs board reshuffle includes swiss manager and ai expert candidates
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ubs nominates renata jung brungger and lila tretikov for board positions
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ubs nominates renata jung brungger and lila tretikov to board
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07:16 04.03.2025
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ubs downgrades erste group share but raises target price to sixty five euros
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Lila Alexey Tretikov nominated for UBS board of directors
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07:06 04.03.2025
ubs nominates renata jung brungger and lila tretikov for board positions
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06:50 04.03.2025
OPEC Plus announces oil output increase of 138000 barrels per day
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06:30 04.03.2025
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