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Macau Pass has partnered with HUAWEI to integrate its MPay e-wallet into HUAWEI's latest smartwatch series, enhancing mobile payment convenience in Macao. This collaboration marks a significant innovation in wearable technology and supports Macao's smart city initiatives. The partnership aims to create a comprehensive ecosystem for seamless digital services, further connecting Macao to the global community.
HSBC Holdings plc has laid off 40 dealmakers in Hong Kong as part of a restructuring effort. The banking group, a global leader, generates revenues primarily from retail banking and wealth management (41.2%), commercial banking (34.5%), and investment banking (24.3%). By the end of 2023, HSBC reported USD 1,611.6 billion in current deposits and USD 938.5 billion in current credits.
UBS has upgraded Max Healthcare to a 'buy' rating, raising the target price to Rs 1,200 from Rs 610, citing efficient execution in bed additions and profitable acquisitions. The brokerage anticipates the company's bed capacity will double in three years, highlighting strong occupancy rates and an asset-light model that provides a competitive edge. Despite a recent 13% stock decline, UBS views this as an attractive entry point, noting minimal impact from insurance price negotiations on larger chains like Max.
Raiffeisen Bank International (RBI) achieved a notable 14.16% increase in share price, reaching EUR 24.81 in February 2025, despite a slight daily decline. With a market capitalization of EUR 8.1 billion, the bank's strong fundamentals are highlighted by a price/earnings ratio of 3.42 and a price/sales ratio of 0.90. Recent analyses indicate a pressing decision for shareholders regarding buying or selling their shares.
HUAWEI has launched the Mate XT | Ultimate Design and announced a strategic partnership with Macau Pass, integrating MPay into HUAWEI watches. This collaboration allows users to make secure payments by tapping their wrist, enhancing convenience during outdoor activities. The partnership aims to innovate wearable payment solutions and contribute to Macao's smart city development.
Barclays has appointed Amaar Khan as Managing Director, Chief Information Officer, and Head of Corporate Banking Technology for the Asia Pacific and Middle East regions, based in Singapore. With over 27 years of experience, he will develop a technology roadmap and enhance product capabilities to drive growth in these markets. His previous roles include senior positions at Bank of New York, Bank of Singapore, Standard Chartered, Citi, and Credit Suisse.
On February 17, President Xi Jinping convened a meeting with CEOs from major industries, including technology and electric vehicles, to bolster confidence in China's private sector. Notable attendees included Jack Ma of Alibaba, executives from Huawei, Xiaomi, and BYD, as well as leaders from CATL, Tencent, and other key companies. This gathering follows recent efforts to restore trust after regulatory challenges faced by the private sector.
UBS Group AG, valued at $108.6 billion, is navigating regulatory changes and market challenges while maintaining a strong financial performance, evidenced by a 27.55% return over the past year. Analysts highlight the potential for growth driven by earnings momentum, despite facing headwinds from lower net interest income and uncertainties surrounding "too big to fail" regulations. The company's operational efficiency and capital generation improvements are expected to enhance shareholder value, positioning UBS favorably in the competitive financial services landscape.
Barclays PLC reported a 9.8% decrease in short interest for January, with 8,890,000 shares short sold. The company has a "Buy" rating, though analysts suggest five other stocks are better investments. Barclays recently increased its semi-annual dividend to $0.2737 per share, reflecting a 2.7% yield.
London's high-end property market remains resilient, with a 25% increase in sales of homes over £5 million in late 2024, despite political and tax uncertainties. While prices have softened slightly, particularly in prime Central London, demand from domestic and international buyers, especially Americans, continues to drive activity, particularly for move-in-ready homes. The market is evolving into a two-tier system, with a clear divide between properties under and over £15 million, as off-market deals become more common.
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huawei launches mate xt and partners with macau pass for mobile payments
05:00 18.02.2025
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huawei launches mate xt with mpay integration for enhanced wearable payments
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