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Archegos Capital's Bill Hwang Receives 18 Year Sentence For Fraud, Market Manipulation
UBS Announces Redemption of Seven ETNs
UBS Group AG Seeks US Banking License Expansion to Drive Growth
Full text | Kuaishou Q3 earnings conference transcript: "Keling AI" single-month revenue exceeded 10 million yuan. During the november 11 shopping festival-related, Kuaishou e-commerce national subsidy users redeemed over 1.46 million coupons.
Kuaishou (HKEX: 1024) today released its third quarter financial report for 2024, ending September 30: revenue was 31.1 billion yuan, a year-on-year increase of 11.4%; net income was 3.3 billion yuan, whereas the net income for the same period last year was 2.2 billion yuan. Under non-International Financial Reporting Standards, the adjusted net income was 3.948 billion yuan, compared to 3.173 billion yuan for the same period last year. After the financial report was released, Kuaishou CEO Cheng Yixiao and CFO Jin Bing attended the subsequent earnings call to interpret the key points of the report and answer questions from analysts. The following is the main content of the Q&A session during this earnings call:
UBS Group joins the Goldman Sachs queue, predicting that the upward trend in gold prices is not over yet.
ubs group expects that with the increase in central bank holdings, gold will rise to $2900 per ounce by the end of next year, in line with goldman sachs' view that gold will continue to rise. ubs group analysts Levi Spry, Lachlan Shaw, and others stated in the report that due to the strength of the US dollar, as well as concerns in the gold market that additional US fiscal stimulus measures may lead to an increase in interest rates, the gold price may go through a period of consolidation before starting to rise again. They stated that the gold price will further increase slightly, rising to $2950 per ounce by the end of 2026. "The US Republican Party sweeping both houses, diverse configurations of strong interest"
European Investment Banks With U.S. Exposure Best Placed to Gain From Trump Win -- Market Talk
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