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Morocco is finalizing its first set of cryptocurrency regulations, developed with the assistance of the World Bank and IMF, aiming to protect users while fostering innovation. With growing crypto adoption, the proposed laws will undergo public discussions before parliamentary approval, positioning Morocco as a potential leader in crypto regulation among developing nations.
Chainlink is revolutionizing corporate action data by partnering with major financial entities like Euroclear, Swift, and Franklin Templeton to enhance market efficiency and reduce fragmentation. The initiative aims to standardize data across equity and fixed-income securities, utilizing decentralized oracles and advanced technologies for seamless blockchain integration.Currently, Chainlink (LINK) is trading at approximately $29, experiencing significant price appreciation. Analysts predict potential price targets of $47 to $61 if it surpasses key resistance levels, while concerns over whale movements from Binance add volatility to the market.
North Korean hackers have intensified their crypto theft activities in 2024, stealing an estimated $1.34 billion across 47 incidents, a 102.88% increase from 2023. This surge accounts for 61% of all global crypto thefts, with a notable rise in high-value hacks exceeding $50 million. Despite a slowdown in the latter half of the year, the overall scale of North Korean cybercriminal operations remains significant, with decentralized finance platforms being the primary targets early in the year.
UBS anticipates a weaker fourth quarter for ABB, projecting a 10% reduction in adjusted EBITA, which may lead to a 4-5% stock reaction. Despite this, estimates for 2025 remain stable. ABB has also lowered its 2024 sales growth forecast to below 5% and adjusted its operating margin target to slightly above 18%.
UBS anticipates a challenging fourth quarter for ABB, projecting a 10% reduction in adjusted EBITA, leading to a 4-5% stock reaction. While the 2024 sales growth forecast has been lowered to below 5%, the 2025 outlook remains stable, with an operating margin target revised to slightly above 18%.
UBS anticipates a weaker fourth quarter for ABB, projecting a 10% reduction in adjusted EBITA, which may lead to a 4-5% stock reaction. Despite this, estimates for 2025 remain stable. ABB has also lowered its 2024 sales growth forecast to below 5% and adjusted its operating margin target to slightly above 18%.
UBS anticipates a weaker fourth quarter for ABB, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has not influenced the analysis, which is provided for informational purposes only and carries no contractual value. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
UBS anticipates a challenging fourth quarter for ABB, projecting a 10% reduction in adjusted EBITA amid a tough market, leading to a 4-5% share reaction. While sales growth for 2024 is now expected to be below 5%, the 2025 outlook remains stable, with an operating margin target slightly above 18%.
Swiss lawmakers have identified regulatory failures and mismanagement as key factors in the Credit Suisse crisis, as detailed in a comprehensive 569-page report. The document calls for significant banking reforms, including enhancing FINMA's oversight and ensuring that major banks like UBS maintain adequate capital reserves. Lawmakers also emphasize the need to address financial incentives, particularly excessive bonuses amid substantial losses.
A parliamentary inquiry has concluded that Credit Suisse's management is primarily responsible for the bank's collapse, which nearly triggered a global financial crisis in 2023. While the Swiss financial regulator, Finma, faced criticism for its ineffective oversight, the report found no wrongdoing by the authorities, who acted to avert a larger crisis. The commission recommended strengthening Finma's powers and highlighted the need for lessons learned from the debacle, emphasizing the importance of regulatory compliance for systemically important banks.
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