According to reports, by taking this action, the company aims to increase its net profit margin by 10%. After revealing the management plan for its fiscal year starting on 1 April 2024, the Japanese trade and investment company indicated it wants to achieve profits of 880bn JPY during its 2024/25 financial year. Reuters reported that…
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The move follows on the heels of the Swiss bank’s 2022 stock repurchase scheme, during which it bought back shares to the value of more than $5.2bn. The newly announced buy-back will total up to $2bn, of which UBS will reportedly spend $1bn this year. In its press statement, the financial institution noted: On 3…
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Based on a Reuters report, this gemstone certification company aims for a valuation of about $1.5bn. In May 2023, Blackstone bought IGI for $570m from Fosun International Limited (0656.HK) and the Lorie family, who founded the company. Describing itself as the world leader in the grading and accreditation of gems, IGI operates mainly in India.…
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In a Chinese property landscape full of obstacles, this casts an ever-growing shadow over the property developer’s future. Based on a Reuters report, the offshore creditors’ financial advisor, Houlihan Lokey, said: The ad hoc creditor group firmly opposes Shimao’s restructuring proposal, (and) will unequivocally vote against it and other scheme creditors ought to do the…
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The offering has drawn significant attention from investors not only in the Asia Pacific region but also globally. Fiona Ip, Deutsche Bank’s APAC treasurer, commented: Importantly, this issuance also represents the attractiveness of the Singapore dollar bond market, following strong recent deal flow and investor interest. Deutsche Bank returns to the SGD market for the…
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This solution, known as the connector, reportedly enables the seamless incorporation of the use of CBDCs into business practices. Thirty-eight institutions participated in the experiment, including central commercial banks and markets. These included global leaders such as Deutsche Bank, Société Générale, ANZ and Citibank. The outcomes showed the innovation simplifies and expedites trade flows, promotes…
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The Best-In-Class status for excellence was awarded to FP Markets in multiple prestigious categories at the Forexbrokers.com 2024 Awards on 23 January, marking an impressive series of consecutive accolades: Commissions and Fees (4th consecutive year) MetaTrader (4th consecutive year) Algo Trading (3rd consecutive year) The Best-In-Class awards highlight and further cement FP Markets' position as…
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The most important economic data for this week are: Thursday: US quarterly GDP growth rate on Thursday at 12:30pm GMT. Market participants are expecting the figure to come out at 3.2%, down from 4.9% in the previous quarter. This data might have already been priced in as it’s for the previous quarter, though any significant…
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The five investigations concern potential breaches by Alphabet Inc’s (GOOG), which owns Google, Apple Inc. (AAPL), and Meta Platforms, Inc. (META). Instigating these probes only two weeks after the DMA’s deadline shows the European Union (EU) is taking the legislation and gatekeeper compliance seriously. The law came into effect on 7 March 2024. It requires…
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The latter is an investment company managing an estimated $50bn in assets. ILC Dover specialises in the design and manufacture of biopharmaceutical and medical devices and also provides aerospace solutions. The organisation has 11 engineering and production facilities in Asia, North America and Europe. In terms of the agreement, Ingersoll Rand will pay approximately $2.3bn…
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