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HSBC's new sustainability chief, Julian Wentzel, advocates for a shift away from negative biases against fossil fuels, emphasizing their role in energy security. As banks reassess net zero goals amid rising global temperatures, HSBC aims to align with a 1.5C pathway by 2050, despite growing challenges. The focus should be on facilitating low-carbon investments rather than constraining fossil fuel capital flows.
UAE investments in Turkey have exceeded $6 billion, while Turkish investments in the UAE surpass $3 billion, driven by strategic partnerships. At Investopia 2025, Turkey's Investment Office President Burak Dağlıoğlu emphasized the benefits of the Comprehensive Economic Partnership Agreement (CEPA) and Turkey's appeal as a gateway to key markets, supported by its extensive trade network and advanced infrastructure.
HSBC's new sustainability chief, Julian Wentzel, argues for a shift away from penalizing fossil fuel clients, emphasizing the importance of the carbon economy for energy security. As banks reassess their net zero commitments amid rising global temperatures, HSBC aims to align with a 1.5°C pathway by 2050, despite growing challenges. The focus should be on facilitating low-carbon investments rather than constraining fossil fuel capital flows.
The Factoring Services Market is projected to grow significantly, from an estimated value of US$ 4,732.30 billion in 2025 to USD 8,010.98 billion by 2032, reflecting a CAGR of 7.8%. The comprehensive report analyzes market dynamics, competitive landscape, and key growth factors across various regions and sectors, providing actionable insights for stakeholders. Major players include Barclays Bank PLC, BNP Paribas, and Deutsche Factoring Bank, among others.
SSR Mining, which explores for gold doré, copper, silver, lead, and zinc, operates mines in Turkey, the U.S., Canada, and Argentina. UBS Group raised its price target for the stock from $7.15 to $12.05, indicating a potential upside of 31.84%. The company currently holds a "Hold" rating with a consensus price target of $8.60, while institutional investors own 68.30% of its shares.
BNP Paribas’ joint venture TEB has appointed a new head of securities services, bringing nearly two decades of experience in the field. The executive will oversee TEB's securities services and TRY cash clearing, leveraging her extensive industry background to enhance operations.
BNP Paribas has signed an agreement with the European Investment Bank (EIB) to generate up to €8 billion in wind energy investments across the EU, supporting the transition to net zero and enhancing the competitiveness of Europe’s renewable energy sector. The EIB's €500 million counter-guarantee will enable BNP Paribas to establish a €1 billion portfolio of bank guarantees, unlocking key investments for new wind farm projects and supply chain efficiency. This initiative aligns with the European Wind Power Package and aims to support the production of 32 GW of the 117 GW needed for the EU to achieve its renewable energy goals by 2030.
UBS Asset Management maintains a positive outlook on U.S. equities and bonds, citing solid earnings and slowing inflation, while acknowledging heightened tariff risks from President Trump's policies. The firm suggests shifting bond duration to non-U.S. markets to mitigate inflation impacts and remains cautious about the euro amid rising tariff concerns. Gold is favored as a diversifier, with Brent crude expected to stabilize between $70 and $80.
Emerging markets are showing resilience amid geopolitical tensions and trade conflicts, with Raiffeisen Capital Management highlighting a positive outlook for Taiwan and cautious optimism for India. Taiwan's strong performance, particularly from key companies, contrasts with Brazil's struggles, while the potential for U.S. tariffs looms over several exporting nations. Risks remain, including the possibility of U.S. recession and inflation impacting emerging equities and bonds.
In 2024, Huawei's automotive sector flourished, achieving profitability in its Intelligent Automotive Solution Business Unit and delivering a record 49,474 vehicles in December through its Harmony Intelligent Mobility Alliance. Collaborations with major brands like BYD, GAC, and JAC Group led to the launch of innovative electric vehicles and the establishment of over 500 supercharging stations in China, solidifying Huawei's influence in the smart vehicle ecosystem.
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hsbc calls for balanced approach to fossil fuels amid climate finance challenges
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10:58 27.02.2025
UAE and Turkey strengthen economic ties with over 6 billion in investments
09:45 27.02.2025
hsbc calls for shift in fossil fuel financing amid climate challenges
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08:26 27.02.2025
factoring services market set for significant growth from 2025 to 2032
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13:34 26.02.2025
SSR Mining receives price target increase amid mixed analyst ratings
15:12 19.02.2025
BNP Paribas TEB appoints new head of securities services division
17:12 17.02.2025
bnpparibas and eib partner to unlock 8 billion for wind energy investments
15:00 17.02.2025
navigating tariff risks in a complex global economic landscape
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13:33 14.02.2025
emerging markets show resilience amid geopolitical tensions and economic uncertainties
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11:00 08.02.2025
huawei accelerates automotive growth with strategic partnerships and innovative solutions
Chongqing Changan Automobile Company Limited
Huawei Technologies CO. Ltd.
Great Wall Motor Company Limited
BYD Company Limited
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02:04 04.02.2025
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