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Swiss banks and municipalities are currently facing a massive cyberattack, rendering several sites unavailable. The attacks are believed to be orchestrated by pro-Russian hackers, raising concerns over the security of personal data and the integrity of financial institutions.
The new American president is considering imposing a 25% trade tax on Mexico and Canada, while urging Europe to increase purchases of American oil and gas to address the trade deficit. Despite a resilient US economy, European markets, particularly the DAX, may face increased volatility as clearer trade policies emerge in the coming weeks.
A Russian court has ordered Raiffeisen Bank International to pay over €2 billion in compensation, highlighting the risks for Western companies operating in Russia. The bank plans to appeal the decision and allocate reserves to cover the loss, while its ongoing presence in Russia reflects complex ties between Moscow and Austria amid global sanctions. Despite intentions to separate from its Russian operations, Raiffeisen continues to play a significant role in the region's financial landscape.
The Vienna Stock Exchange opened lower on Tuesday, with the ATX down 0.41% to 3,785.79 points, amid a focus on U.S. President Trump's recent policy actions. Raiffeisen shares fell 4.6% due to a Russian court ruling requiring a significant provision, while Telekom Austria and DO&CO experienced slight declines and gains, respectively.
SBI Mutual Fund has launched the SBI Nifty Bank Index Fund, available for subscription from January 20 to January 31, 2025, focusing on the Nifty Bank Index with a minimum investment of Rs 5,000. Meanwhile, Baroda BNP Paribas Mutual Fund introduces the Baroda BNP Paribas Energy Opportunities Fund from January 21 to February 4, 2025, targeting India's expanding energy sector, with at least 80% of assets in equity instruments related to both traditional and new energy sources.
Baroda BNP Paribas Mutual Fund has launched the Baroda BNP Paribas Energy Opportunities Fund, targeting an 80% allocation to India's energy sector, including traditional and renewable sources. Open from January 21 to February 4, 2025, the fund aims to capitalize on the projected 1.7x growth in energy demand as India's GDP is set to increase by 1.9x in the next five years. Managed by Sanjay Chawla and Sandeep Jain, the fund requires a minimum investment of Rs 1,000 and is designed for long-term investors.
Baroda BNP Paribas Mutual Fund has launched the Energy Opportunities Fund, targeting growth in India's energy sector. Open for subscription from January 21 to February 4, 2025, the fund will invest at least 80% in equities of companies involved in both traditional and new energy sources.With India's GDP expected to grow significantly and energy demand rising, the fund aims to capitalize on these trends. It will focus on a diverse portfolio, including coal, oil, gas, and renewable energy, supported by government initiatives to enhance energy security and capacity.
Aymo Brunetti, an economics professor, suggests that UBS should consider relocating its headquarters if Swiss banking regulations do not improve, especially following the Credit Suisse collapse. He warns that the failure of a major bank could impose significant costs on taxpayers and emphasizes the need for more robust banking sector reforms. The current situation mirrors the concerns raised after the 2008 financial crisis.
Chinese consumer sentiment is approaching a "tipping point" as spending increases following last September's stimulus measures, with household savings declining and social retail sales rising by 3-4% year-on-year. Domestic brands and private labels are gaining traction, particularly in first- and second-tier cities, as nearly 50% of consumers report switching to these options for better value. However, investor expectations for a consumption recovery remain cautious due to potential US tariffs and ongoing property market pressures, with real consumption growth projected at around 3.8% for 2025-2026.
UBS has reaffirmed its Buy recommendation for Vinci, maintaining a target price of €132, indicating a 28% upside potential. The firm anticipates solid operating performance despite ongoing tax discussions, with net income for 2024 expected to be similar to 2023, factoring in a new €280 million tax on long-distance transport infrastructure imposed by the French government.
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cyberattack targets swiss banks and municipalities disrupting services
10:33 21.01.2025
us trade tax plans raise concerns for european markets and investors
10:26 21.01.2025
Raiffeisen Bank faces €2 billion ruling amid ongoing operations in Russia
Euro
Raiffeisen Bank International AG
STRABAG SE
RUS
UKR
AUT
Andrei Timchuk
Oleg Deripaska
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10:25 21.01.2025
Vienna Stock Exchange Declines as Raiffeisen Shares Face Significant Pressure
10:00 21.01.2025
sbi and baroda mutual funds launch new investment opportunities in 2025
Indian Rupee
BARODA BNP PARIBAS MUTUAL FUND
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Harsh Sethi
Nand Kishore Yadav
Sanjay Chawla
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09:17 21.01.2025
Baroda BNP Paribas launches energy fund targeting India's growing energy sector
09:06 21.01.2025
Baroda BNP Paribas launches energy fund to tap India's growth potential
07:12 21.01.2025
Swiss economist suggests relocating UBS amid banking regulation concerns
06:16 21.01.2025
Chinese consumer sentiment improves as spending rises after stimulus measures
00:30 21.01.2025
ubs maintains buy rating on vinci with 28 percent upside potential
12:56 20.01.2025
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