Mumbai, April 27 (IANS) Shares of InterGlobe Aviation Limited, the parent of IndiGo, opened flat with negative bias on Monday, as global brokerage UBS downgraded the stock and trimmed its price target, citing rising macroeconomic headwinds and sustained pressure on airline profitability. However, it recovered from early losses and were trading at Rs 4,560.50, down by Rs 37.40 or 0.83 per cent during noon trade.UBS lowered its rating on the stock to “neutral” from “buy” and cut its price …
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Seoul, Feb 5 (IANS) Major global investment banks (IBs) have upgraded their forecasts for South Korea’s economic growth this year, citing an upcycle of the global semiconductor industry, a report by a financial organisation said on Thursday.The average forecast for economic growth of Asia’s fourth-largest economy by eight major global investment banks (IBs) stood at 2.1 percent as of end-January, up 0.1 percentage point from their median outlook published a month earlier, according to the report…
Washington, Feb 4 (IANS) US senators accused UBS of obstructing a congressional probe into Credit Suisse’s Nazi-linked accounts, after investigators said disputed bank records could determine “whether a Nazi had an account or did not have an account.”Senate Judiciary Committee Chairman Chuck Grassley on Tuesday (local time) said lawmakers were examining “new facts and evidence regarding Nazis collaboration with uh, Swiss banks,” describing the inquiry as a bipartisan effort to uncover …
Washington, Jan 31 (IANS) Investors on Friday pressed American Express executives on slowing net card additions, rising growth costs, and signs of middle-market softness, even as the payments company defended its push into premium cardholders and heavy investment.The questions came after the company reported record results for 2025 and forecast another year of near-double-digit growth, but analysts on the fourth-quarter earnings call probed whether the strategy is becoming more expensive to sust…
New Delhi, Jan 23 (IANS) China’s rural banks are stuck with hundreds of foreclosed homes that couldn’t get auctioned even at steep discounts, signalling deep stress in the property sector and financial system, a report has said.The report in Modern Diplomacy said that the stress in the property sector spilled into local bank balance sheets and could widen into a major non‑performing‑asset disposal cycle.It cited UBS estimates, which showed “the volume of foreclosed properties nationwide co…