Bradesco BBI reaffirmed its neutral recommendation for shares of Copasa (CSMG3), as the Minas Gerais-based sanitation company has a share price target of R$56.According to local media outlet InfoMoney, the valuation translates to a 35% rise from the stock’s closing price in November. Already up around 100% year-to-date, Copasa’s shares have been…
Richard Hughes has resigned as chair of the Office for Budget Responsibility after the UK’s fiscal watchdog mistakenly published Chancellor Rachel Reeves’ budget almost an hour before it was delivered in Parliament — a breach described as the most serious failure in the OBR’s 15-year history.The announcement of his departure…
Europe’s had one of those days where everything feels a bit upside down.The OBR chief’s resignation, a rebound in UK manufacturing, and a major UK-US pharma deal led London markets today.Tesla saw a sharp overall decline in Europe, except for a record-breaking performance in Norway.It’s a mix of shakeups, surprises,…
Warner Bros. Discovery Inc. has entered a pivotal stage in its formal sales process, receiving a second round of binding bids from multiple major media players, including a mostly cash offer from Netflix Inc, reported Bloomberg. The auction, which began after the company publicly put itself up for sale in…
The Nikkei 225 Index remained under pressure on Tuesday as market participants reacted to hints that the Bank of Japan (BoJ) will hike interest rates, even as inflation moderates. The index dropped for the second consecutive day, reaching a low of ¥49,400, which is ~6.30% below its highest point this…
Major corporate developments, shifting market sentiment in Asia, and fresh moves in the AI landscape are happening on Tuesday. Disney races to secure a stable succession plan for CEO Bob Iger, Apple announces a significant leadership change in its artificial intelligence division, OpenAI initiates an internal “code red,” and Asian…
Government data indicated that India’s power output decreased for the second consecutive month in November. This decline was attributed to mild weather and a slump in industrial activity, resulting in subdued electricity demand.The nation’s total electricity generation in November experienced a notable decline, falling approximately 1% year-on-year to 134.26 billion…
Multinational retailer Costco has taken the unusual step of suing the US government to ensure it can recover import duties should the Supreme Court ultimately rule that former President Donald Trump lacked the legal authority to impose sweeping emergency tariffs under the International Emergency Economic Powers Act (IEEPA). The retailer…
Apple has announced a major leadership change in its artificial intelligence division, confirming that John Giannandrea, the company’s longtime head of AI, will retire next spring after nearly eight years in the role. The transition comes at a time when the iPhone maker is facing mounting pressure to close the…
Synopsys Inc (NASDAQ: SNPS) pushed higher on December 1st as the artificial intelligence (AI) giant, Nvidia (NASDAQ: NVDA), revealed a $2 billion stake in the design automation company.Nvidia’s chief executive Jensen Huang dubbed the deal a “huge deal” in a CNBC interview today, calling SNPS a foundational partner in semiconductor…