Author: Bella Hayes

Investing.com — CNOOC (HK:) has been selected by Bernstein as the leading pick among Asia-Pacific oil equities for 2025, flagging its strong financial performance and undervalued stock position within the sector, in a note dated Tuesday. The oil company stands out due to its free cash flow yield of 11%, making it one of the most compelling investment opportunities in the region.  Analysts at Bernstein have said that CNOOC is not only highly undervalued compared to its peers but also boasts a world-class portfolio that has consistently delivered strong returns. Despite an anticipated decline in oil prices, with forecasted to…

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Investing.com — UBS anticipates that volatility will remain elevated throughout 2025, driven by macroeconomic uncertainty, shifting policy rates, and geopolitical risks. “We think the low index volatility regime of 2024 is over,” UBS strategists led by Gerry Fowler said in a Tuesday report. UBS notes that the global economy continues to experience lingering disruptions from the Covid era, though less from social or political factors and more from challenges within business and market cycles. With government stimulus largely depleted, nominal growth is expected to slow, particularly in China and the US. Regional disparities in economic activity may persist, driven in…

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LONDON – J.P. Morgan SE, acting as the Stabilisation Coordinator, announced today that it may engage in stabilization activities for AIB Group (OTC:) plc’s securities. The announcement comes as the bank prepares for a potential stabilization period following the offer of a new series of securities by AIB Group plc. The securities in question are described as Perpetual-Non-Call-7-year Fixed Rate Reset AT1 Perpetual Contingent Temporary Write Down Securities, with an aggregate nominal amount set at a EUR benchmark. The offer price is yet to be confirmed. These securities are to be listed on the Global Exchange Market of Euronext (EPA:)…

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Investing.com — Shares of Sodexo (EPA:) dropped by over 8% on Tuesday following disappointing first-quarter results for fiscal year 2025.  The company reported organic growth of 4.6%, falling short of the consensus forecast of 5.3%.  Despite reiterating its full-year outlook, which still targets organic growth between 5.5% and 6.5%, the weaker-than-expected start to the year has raised concerns among investors. “In that sense, we will look for clarification on the expected growth acceleration, especially as we would expect 2Q to be soft again, requiring a meaningful step-up in 2H which looks ambitious in current context,” said analysts at Jefferies in…

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FRANKFURT – Commerzbank AG (OTC:) has initiated a pre-stabilization phase for its upcoming issuance of green senior notes, with the potential for market stabilization activities to support the securities’ price post-launch. The Frankfurt-based financial institution announced on Tuesday that it may engage in transactions to maintain the market price of the securities at a higher level than might otherwise prevail. The securities in question are non-preferred green senior notes, which are part of the bank’s eligible liabilities (MREL) and are expected to have a benchmark aggregate nominal amount. The offer terms include a maturity date of January 14, 2032, and…

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COPENHAGEN/WASHINGTON (Reuters) -Donald Trump Jr. is expected to visit Greenland on Tuesday as his father, U.S. President-elect Donald Trump, has again expressed interest in gaining control over the vast Arctic island. The visit was a private one, the island’s permanent secretary for foreign affairs, Mininnguaq Kleist, told Reuters, with no meetings scheduled with representatives of the Greenlandic government. “We have not been briefed on the nature of his program, and therefore this is a private visit,” Kleist said, adding that Trump Jr. was expected to land at around 1300 GMT, and to stay for about four to five hours. A…

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LONDON – ACG Metals Limited has announced the appointment of Damien Coles as its new Chief Legal Officer, a move aimed at strengthening its management team as the company plans to expand its sector acquisitions in 2025. With over two decades of experience in advising on deals in emerging markets, Mr. Coles is expected to play a crucial role in ACG’s growth strategy. Educated at Oxford University, Coles has a background as an equity partner at the international law firm Kirkland & Ellis in Hong Kong and, more recently, as a Director at Moorlander Consulting, where he provided advisory services…

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By Arathy Somasekhar HOUSTON (Reuters) – The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as refinery and pipeline changes reshuffled trade routes. Global crude flows have been roiled for a second year by war in Ukraine and the Middle East, with tanker shipments rerouted and suppliers and buyers split into regions. Middle East oil exports to Europe declined and more U.S. oil and South American oil went to Europe. Russian oil that formerly went to Europe has been redirected to India and…

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Investing.com– Jefferies downgraded Indian food delivery firm Zomato Ltd (NS:) on Monday, stating that the stock was likely to see a year of consolidation after strong gains in 2024 due to heightened competition and slimmer margins. Jefferies downgraded Zomato to Hold from Buy, while also cutting its price target to INR 275 from INR 335, representing an upside of around 5% from current levels.  Zomato’s shares slid about 5% on Tuesday following the Jefferies downgrade, still, they were sitting on a 124% rally through 2024, as the food delivery firm rode a sharp increase in profitability.  Jefferies said that its…

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TAIPEI–(BUSINESS WIRE)–GIGABYTE Technology, internationally renowned for its R&D capabilities and a leading innovator in server and data center solutions, continues to lead technological innovation during this critical period of AI and computing advancement. With its comprehensive AI product portfolio, GIGABYTE will showcase its complete range of AI computing solutions at CES 2025, from data center infrastructure to IoT applications and personal computing, demonstrating how its extensive product line enables digital transformation across all sectors in this AI-driven era.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250101227519/en/GIGABYTE Demonstrates Omni-AI Capabilities at CES 2025: Comprehensive Computing Solutions from Cloud to…

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