{
}
Citigroup's latest review highlights a cautiously optimistic economic outlook for Europe, driven by Germany's potential fiscal easing, increased defense spending, and anticipated interest rate cuts from the European Central Bank. However, challenges such as U.S. tariffs and geopolitical uncertainties may hinder growth, despite forecasts of GDP rising from 0.8% in 2024 to 1% in 2025. Disinflation is expected to continue, with core inflation projected to reach 2% by year-end, potentially falling below target in subsequent years.
Japan's GDP per capita is projected to plummet from 29th to 45th globally by 2075, with real GDP expected to grow to $4.4 trillion but drop its global ranking from fourth to 11th. Contributing factors include a declining population, low fertility rates, and limited benefits from AI advancements, necessitating urgent labor reforms to boost productivity. Meanwhile, emerging markets like India are set to rise significantly, with BRICS nations projected to surpass the US in total GDP by 2075.
NKN Media has raised AED 35 million and plans to secure an additional AED 50 million to fuel its global expansion and develop new intellectual properties. Celebrating five years in Dubai, the company is set to launch a global tour and has a lineup of significant events in 2025, including the Ultimate Realty Awards and the debut of Majlis Premium, a startup fundraising forum. Additionally, NKN Media is expanding into inflight media and OOH sectors, aiming to enhance its presence in high-impact media segments.
Goldman Sachs has raised its year-end gold price target from $3,100 to $3,300 per ounce, driven by geopolitical risks and expectations of Federal Reserve rate cuts. Spot gold prices recently hit a record high of $3,059.48 per ounce, with strong demand for gold-backed ETFs indicating potential for further increases. Central bank purchases have surged, marking a significant shift in the global reserve system and positioning gold as a strategic asset in the evolving economic landscape.
S&P Global Ratings has revised Raiffeisen Bank International's outlook to stable from negative, affirming its 'A-/A-2' ratings, following the bank's strategic exit from Belarus and scaling back in Russia. This move has mitigated nonfinancial risks and reputational concerns, with expectations of further divestment in Russian operations within 12 to 24 months. Despite a projected decline in profits for 2024, the Raiffeisen Banking Group is expected to maintain strong financial performance and capitalization amid ongoing geopolitical challenges.
S&P Global Ratings has upgraded Raiffeisen Bank International's outlook from negative to stable, affirming its 'A-/A-2' ratings. This change follows the bank's strategic exit from Belarus and significant reduction of operations in Russia, which has mitigated non-financial and reputational risks. Despite a projected decline in net profit for 2024, the bank's strong financial performance and robust risk management practices are expected to sustain its creditworthiness amid ongoing geopolitical uncertainties.
Deutsche Bank warns of a significant risk to the US dollar's dominance, citing concerns over the reliability of dollar swap lines during market stress. As European Central Bank officials question their dependence on these lines, the potential for de-dollarization grows, particularly among major economic rivals like China and Russia. This uncertainty could lead to reduced foreign ownership of US assets and a weakening of the dollar's role globally, coinciding with a surge in gold prices.
UniCredit CEO Andrea Orcel confirmed the bank's compliance with the European Central Bank's (ECB) requests regarding the reduction of its Russian business, stating they are ahead of some deadlines. However, UniCredit has challenged the ECB's stringent deadlines in court, arguing that compliance could conflict with Russian law and international sanctions. In the fourth quarter, the bank reported an 8% increase in cross-border payments with Russia, totaling 9.8 billion euros, attributed to one-off debt repayments from Western companies.
The ECB's banking supervisors are intensifying their focus on geopolitical and cyber risks, emphasizing the need for robust risk management as digitalization in finance grows. ECB President Christine Lagarde highlighted the challenges posed by geopolitical instability, including the war in Ukraine and trade tensions, which test banks' resilience. Supervisors are concerned about the rising frequency of cyberattacks and are working with banks to enhance their defenses, while also monitoring liquidity and currency risks amid unpredictable U.S. policies.
Goldman Sachs has raised its end-2025 gold price forecast from $3,100 to $3,300 per troy ounce, citing strong ETF inflows and central bank demand. The bank anticipates an average of 70 tonnes per month in central bank purchases, with potential prices exceeding $4,200 under certain scenarios. Meanwhile, Bank of America has also increased its gold price target to $3,500 per ounce within two years, reflecting a broader bullish sentiment in the market.
RUS
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
european economic outlook improves but caution persists amid ongoing challenges
11:52 28.03.2025
japan's economic decline projected by 2075 amid population challenges and reforms
United States Dollar
Indian Rupee
South Korean Won
Russian Ruble
Chinese Yuan
Nikkei Asia300 Investable Index
LUX
KAZ
KOR
CHN
IRL
CZE
BRN
IND
RUS
CHE
USA
SVN
BRA
JPN
Donald Trump
Show more
10:32 28.03.2025
NKN Media secures funding for global expansion and new media ventures
02:12 28.03.2025
Goldman Sachs Raises Gold Price Target Amid Geopolitical Tensions and Fed Expectations
Euro
United States Dollar
The Goldman Sachs Group, Inc.
RUS
CAN
USA
Donald Trump
Bob Haberkorn
Show more
01:56 28.03.2025
S&P Global Ratings revises Raiffeisen Bank outlook to stable amid strategic changes
21:17 27.03.2025
s and p global ratings upgrades raiffeisen bank outlook to stable
21:15 27.03.2025
de-dollarisation risks rise as central banks question us dollar swap lines
United States Dollar
Deutsche Bank Money Market PP
RUS
CHN
USA
Donald Trump
Joe Biden
Greg Rubini
Show more
19:27 27.03.2025
unicredit confirms compliance with european central bank on russian business reduction
13:38 27.03.2025
banking supervisors focus on cyber and geopolitical risks in financial sector
13:28 27.03.2025
Goldman Sachs raises gold price forecast amid strong central bank demand
Euro
United States Dollar
Bank of America Corporation
The Goldman Sachs Group, Inc.
RUS
UKR
CHN
USA
Lina Thomas
Daan Struyven
Show more
08:51 27.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Global Financial Events
Banking Regulations
Workplace Trends
Retail and Consumer Goods
CEO Changes
Market Analysis and Predictions
Domestic Politics
Government Policies
Global Trade Developments
Central Bank Actions
Startups & Entrepreneurship
Elections & Campaigns
Supply Chain Management
Government Economic Policies
Financial Scams and Security
Countries:
Companies:
Tesla, Inc.
JPMorgan Chase & Co.
Barclays PLC
Deutsche Bank Money Market PP
UniCredit S.p.A.
Banco BPM S.p.A.
Credit Suisse Lux Digital Healt
Bank of America Corporation
Apple Inc.
BNP Paribas SA
UBS Group AG
The Goldman Sachs Group, Inc.
Commerzbank AG
Banco Santander, S.A.
CREDIT AGRICOLE
Credit Suisse Strategic Income I
Wells Fargo & Company
SpaceXCoin USD
Lloyds Banking Group plc
Amazon.com, Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Danish Krone
Hong Kong Dollar
Australian Dollar
Offshore Chinese Yuan
Canadian Dollar
Mexican Peso
Singapore Dollar
Norwegian Krone
Filipino Peso
Indonesian Rupiah
Russian Ruble
Chilean Peso
People: