UBS has launched the uMINT, a digital money market fund on Ethereum, designed for conservative investors seeking low-risk, short-term investments. This fund leverages blockchain technology for secure, transparent transactions, reflecting UBS's commitment to integrating digital services in finance. The initiative aligns with UBS's broader exploration of blockchain, including recent projects in Singapore and cross-border digital bond transactions.
ASML Holding N.V. is a leading manufacturer of lithography equipment for the semiconductor industry, with 79.6% of its sales coming from lithography equipment and 20.4% from services. Geographically, the company generates significant revenue from Taiwan (29.3%), South Korea (25.2%), and China (26.3%), while the Netherlands accounts for just 0.1%.
Wealthy individuals and companies in China are under pressure to verify their tax liabilities, while the outcome of the US election could significantly impact corporate taxes, with $250 billion at stake. In the UK, Kemi Badenoch has been elected as the Conservative party leader, and share prices for clean hydrogen companies have plummeted due to project delays and reduced demand.
China's leading coal producers are shifting focus to power generation as mining profits decline due to falling fuel prices and an oversupply in the market. Major companies like China Shenhua Energy Co. and China Coal Energy Co. have seen profits drop by 22% this year, with benchmark coal prices down nearly 8%.
UBS Asset Management has launched its first tokenized investment fund, the "UBS USD Money Market Investment Fund Token," utilizing Ethereum's distributed ledger technology. This initiative reflects the growing demand for tokenized financial assets and is part of UBS's broader blockchain efforts, including a pilot tokenized Variable Capital Company fund in collaboration with Singapore's Monetary Authority.
Chinese lawmakers are set to approve a fiscal stimulus package worth trillions of yuan during their meeting from Nov. 4-8, aimed at bolstering growth post-pandemic. However, analysts from Goldman Sachs and HSBC suggest that this effort may not fully reassure the markets, as it focuses on alleviating pressure on local governments and recapitalizing major state lenders.
Asia-Pacific markets rose as investors prepared for a week of significant events, including the U.S. presidential election and the Federal Reserve's monetary policy meeting. China's parliament meeting is expected to reveal fiscal support details, while South Korea anticipates a decline in consumer inflation. Additionally, Australia's central bank is likely to maintain its interest rate at 4.35%.
China's anticipated fiscal stimulus plans may hinge on the outcome of the U.S. presidential election, with analysts predicting a larger package if Trump wins. Local governments face challenges due to strict tax enforcement, impacting business activity, while the central government focuses on addressing local debt. Despite potential support, consumption stimulus is expected to be more property-focused, with market volatility influencing the scale of any announced measures.
UBS has officially launched the UBS USD Money Market Investment Fund Token (uMINT) on Ethereum, following a successful experimental project with the Monetary Authority of Singapore. This move highlights the bank's commitment to blockchain technology and reflects increasing investor interest in tokenized financial assets. With $5.7 trillion in assets under management, UBS continues to innovate in the financial sector, paralleling offerings from firms like BlackRock.
The yacht market, valued at $8.15 billion in 2021, is projected to grow at a CAGR of 6.0% from 2022 to 2028, driven by rising disposable incomes, increased tourism, and a growing demand for luxury recreation. The sailing segment remains popular due to its adventurous appeal, while the 50-meter yacht segment is expected to see significant growth as affluence rises globally. North America leads the market, supported by high disposable incomes and a strong culture of marine recreation.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.