UBS Advisor Team The Stephens Group Named to Forbes Best-In-State Wealth Management Teams List

Businesswire52minutes ago

Europe Expected to Further Delay Bank Trading Rules - Report

Seeking Alpha12:59 ET

UBS CEO Says Cost-cutting Drive to Continue With More Layoffs

MT NewswiresJan 21 23:48 ET

UBS Group has given Zijin Mining Group a "Buy" rating with a Target Price of 22.3 Hong Kong dollars.

UBS Group released a research report stating it gives Zijin Mining Group (02899) a "Buy" rating. Due to the downward revision of Zijin's production guidance, it is expected that investors will have a slightly negative reaction. The Target Price is set at HKD 22.3. Zijin Mining Group's net income attributable to Shareholders in the 2024 fiscal year is expected to increase by 51.5% year-on-year, which is basically in line with market and the bank's expectations. During this period, Copper production increased by 6% year-on-year, slightly below the annual forecast; Gold production increased by 8%, which is in line with the annual forecast. Zijin has revised its 2025 Copper production guidance down by 6% from 1.22 million tons to 1.15 million tons, while the Gold production guidance remains unchanged.

新浪港股Jan 21 23:12 ET

External headlines: The SEC of the USA established a Cryptos task force. Apple had a bleak start to the new year. OpenAI teams up with SoftBank and Oracle to invest in AI. The CEO of UBS Group hinted at continued layoffs.

The major headlines that global financial media focused on last night and this morning include: Trump will announce a massive investment in AI infrastructure in collaboration with OpenAI, SoftBank, and Oracle. US President Donald Trump is expected to announce a new AI investment plan, with SoftBank, OpenAI, and Oracle ready to announce the establishment of a joint venture. A White House official stated that Trump will announce an initial investment of 100 billion dollars on Tuesday afternoon alongside SoftBank's Masayoshi Son, OpenAI's Sam Altman, and Oracle's Larry Ellison, with the scale potentially expanding over the next four years.

Global Market ReportJan 21 16:33 ET

Former UBS Group banker Jenny Su has joined the Singapore family office Orient Wealth.

The press release shows that the Singapore multi-family office Orient Wealth Advisors Pte has hired two former UBS Group bankers to assist in its expansion. Jenny Su has been appointed as the President of Asia; Su worked at UBS Group for 19 years, serving as the National Head of the Ultra High Net Worth Assets department and the Market Head of the Global Family Office department for the Asia Pacific region; the company has also hired former CEO of Swiss Franc Longo Asia, Francis Liu, as a Senior Managing Partner; Orient states that the two have over thirty years of experience in the banking industry in the Asia Pacific region; 2022...

Global Market ReportJan 21 14:11 ET