The governor of the OeNB, Robert Holzmann, reportedly told Reuters in an interview that Raiffeisen is not contravening any sanctions imposed on Russia, and it alone can decide if the investment risk is worth it. Reuters quoted Holzmann, who further said: Both the US and Europe or Austria, the Austrian National Bank, we can’t provide…
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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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Data from the Urban Redevelopment Authority (URA) shows a quarter-on-quarter private residential property increase of 1.5% while sale transaction volumes plunged by approximately 20%. Bloomberg reports that Chia Siew Chuin, the head of residential research for Singapore at Jones Lang LaSalle Inc., said these statistics support and reflect local property demands. This economic mecca has,…
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Analysts speculate this rally follows signs that the US Federal Reserve is edging closer to rate cuts. Geopolitical tensions and Asian demand for the precious metal are also having an effect. This upshoot is 1.6% more than the commodity’s closing price on Thursday, 28 March 2024. Since February 2024, gold has risen in value by…
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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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They include a new operating model and core commercial initiatives to accelerate the company’s growth. With brands such as Kleenex and Huggies, this company is a global leader in consumer goods. Going forward, the business will operate through three segments – North America, International Personal Care, and International Family Care and Professional – to streamline…
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According to Yahoo Finance, Donald Trump’s share in the company could reach more than $4bn. Trump Media & Technology merged with a blank check company, Digital World Acquisition Corp., (DWAC), before going public. Based on S&P Capital IQ information, this special purpose acquisition company (SPAC) has been trading since 2021 and lost approximately $41m in…
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According to information from Reuters, the company foresees core profit growth (EBITDA) of roughly €207m (3.5%) and revenue increases of about €316m (3.8%). The organisation indicated that these increases include its traditional activities and diversified enterprises. Reuters cited Rai Way’s CEO, Roberto Cecatto, who said: We are striving for a Rai Way that … is…
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