UBS Global Wealth Management, the world’s largest wealth manager with US$6.2 trillion in assets under management, has cut its forecast for Chinese equities due to rising concerns over potential US tariffs and a disappointing domestic stimulus-response. The Swiss institution revised its mid-2025 target for the MSCI China Index, which tracks…
The UK economy has faced its share of ups and downs recently, with changes in unemployment, wage growth, and business sentiment shaping the outlook. Yet, despite signs of a cooling labour market and persistent challenges from rising business costs, there are indications that parts of the UK economy remain resilient. …
President-elect Donald Trump announced on Tuesday that Tesla chief Elon Musk and former Republican presidential candidate Vivek Ramaswamy will head the newly created Department of Government Efficiency (DOGE). With this announcement, Trump has delivered on one of his most-talked about promises during the campaign trail. Notably, this department will not…
Gold prices clinged on to modest gains on Wednesday as investors waited for the release of US inflation data. The yellow metal has fallen sharply after Republican Donald Trump’s victory in the 2024 US presidential elections. The dollar had surged after Trump’s victory as risk appetite improved, dampening demand for…
Brazil’s central bank has issued a stark warning regarding the possibility of a prolonged cycle of interest rate hikes, emphasizing that inflation expectations could delay economic recovery and hinder stability. This concern has arisen due to rising inflation forecasts, as well as mounting pressures from fiscal challenges, which have raised…
Grab Holdings Ltd (NASDAQ: GRAB) reported a strong third quarter this morning as investments it’s been making across the business helped accelerate its on-demand gross merchandise value. The multinational also increased the number of monthly transacting users on its platform to 42 million in Q3. Still, Peter Oey – its…
Bit2Me, a leading cryptocurrency exchange, has officially launched its operations in Argentina, marking a significant milestone for the country’s digital finance landscape. This move follows the company’s approval from Argentina’s Comisión Nacional de Valores (CNV. Bit2Me will be offering Argentine investors access to an extensive suite of virtual assets and…
Plug Power Inc. (NASDAQ: PLUG) is trading lower on Tuesday following the release of its third-quarter financial results, which missed Wall Street’s expectations. The hydrogen fuel cell systems maker reported a loss of 25 cents per share on $173.7 million in revenue. Analysts had projected a smaller loss of 24…
Honeywell International Inc. (NASDAQ: HON) is facing pressure from Elliott Management after the activist investor revealed a more than $5 billion stake in the industrial giant. Elliott is urging Honeywell to split its Aerospace and Automation divisions, a move it believes could unlock significant value, projecting up to 75% upside…
UBS Global Wealth Management, the world’s largest wealth manager with US$6.2 trillion in assets under management, has cut its forecast for Chinese equities due to rising concerns over potential US tariffs and a disappointing domestic stimulus-response. The Swiss institution revised its mid-2025 target for the MSCI China Index, which tracks…