Page 4 - Ubs

Top headlines: Govt preps Pawan Hans sale, Serum faces Covid vaccine glut

The government will finalise the sale of state-owned helicopter service provider Pawan Hans this week. More on that story in our top headlines this hour.

Oil prices inch toward $100 a barrel as IEA revises demand outlook

The IEA on Friday revised up its baseline estimate of global demand by nearly 800,000 barrels per day (bpd), just under 1% of the 100 million bpd global oil market

Oil prices can hit $125 a barrel if Russia-Ukraine crisis worsens: Analysts

Though analysts believe diplomatic efforts will continue leading to a stabilisation and an eventual easing of these tensions, it may take several months for this to happen

UBS increases its Brent forecast to $90 a barrel in December-March

Investors with a high risk tolerance can still add exposure to longer-dated Brent oil contracts

India extremely expensive says UBS, even as it gives China a double upgrade

The brokerage has an 'underweight' stance on India along with Taiwan and Australia (just downgraded from neutral)

Digital companies may enter Nifty soon over the next few months: UBS

Thanks to the pandemic-induced lockdowns which have spurred adoption of digital platforms, some internet-based companies are expected to enter equity benchmark Nifty over the next few months

Credit Suisse adds risk veterans to board with UBS, Lloyds alums

Credit Suisse is working to rebuild its management ranks after the $5.5 billion hit related to losses from prime brokerage client Archegos

Toshiba board to appoint UBS as adviser for strategic review: Report

Toshiba Corp's 6502.T board is set to appoint UBS UBSG.S as financial adviser to work on a strategic review for the Japanese conglomerate as it faces a possible private equity bidding war, said source

UBS, Nomura push global banks' Archegos losses beyond $10 billion

UBS shares fell 3.0% in morning trade.

UBS bets on emerging markets; India among most preferred destination

Over the next three - six months, UBS believes earnings will be the main driver for EM equities outperformance

Coronavirus second wave: UBS sees only minimal 20-30 bps hit on growth

Despite a massive spike in the pandemic caseload, UBS sees no repeat of a nationwide/statewide lockdown and expects only minimal economic impact of the wave that may lead to a 20-30 bps GDP reduction

UBS sells IndusInd Bank shares worth over Rs 366 crore on the open market

UBS Principal Capital Asia Ltd on Friday sold nearly 4 million (40 lakh) shares of IndusInd Bank Ltd

UBS fund pursues $400 million stake in SoftBank-backed Paytm: Report

UBS aims to finalize an agreement as soon as this month

Credit Suisse taps Lloyds Bank chief António Horta-Osório as next chairman

Rohner, 61, departs Credit Suisse as expected after reaching a 12-year term limit on the board

Growth, value stocks are largely pricing in vaccine hope, says UBS

The vaccine may induce a serious frontloading of the rally before logistical challenges or slower growth normalisation begins to bother markets, says UBS

UBS reports 99% rise in third quarter profit, smashes expectations

Net profit for the world's largest wealth manager clim-bed to $2.1 billion for the July-September period, surpassing by a wide margin expectations for $1.557 billion in the bank's poll of 22 analysts

Cloud over banks, NBFC stocks as moratorium ends and NPA concerns weigh

Impact of rising bad loans may become discernible only in the second half of FY21. This may hurt asset quality and earnings growth, particularly of small and medium-sized banks

Brokerages turn bullish on SBI on attractive valuation; see 20-44% upside

From its recent low of Rs 150.85 apiece (closing basis) touched on May 22, 2020, the stock has rallied 39 per cent on the BSE, data show

IndusInd Bank soars 9% after UBS upgrades the stock to 'Buy' from 'Sell'

From its recent low of Rs 338.2 (on closing basis), hit on May 22, 2020, the stock price of the lender has surged 68 per cent on the BSE till Wednesday

Covid-19 hit Chinese economy on a slow path to recovery, says UBS

With 94 per cent of respondents having resumed work as of late-May, consumers' near term expectations notably improved, the UBS' survey findings suggest