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UBS

China to persist with AI development efforts in 2024, despite setbacks from rigid US semiconductor restrictions, UBS analysts say

by Anas Siddiqui
China to persist with AI development efforts in 2024, despite setbacks from rigid US semiconductor restrictions, UBS analysts say

China is expected to “work within those constraints and try to make progress” by tapping into domestic AI accelerator programmes and being more economical in using computing resources, said Nicolas …

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China to solidify its position as world’s top car exporter in 2024 as it banks on manufacturing heft: UBS

by Anas Siddiqui
China to solidify its position as world’s top car exporter in 2024 as it banks on manufacturing heft: UBS

Chinese carmakers are expected to sell 5 million vehicles overseas in 2024, with much of the demand coming from developing markets such as Southeast Asia and firmly establishing China as …

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Moody’s says green tech, ESG and sustainability requirements will shape credit outlook in 2024

by Anas Siddiqui
Moody’s says green tech, ESG and sustainability requirements will shape credit outlook in 2024

“Green technology and disruptive innovation will increasingly drive investment and business decisions in sectors most exposed to the carbon transition, but lacklustre economic conditions and geopolitical strains will pose hurdles …

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China’s retail sales to weaken this year as falling home prices, jobs outlook feed consumer insecurity: UBS

by Anas Siddiqui
China’s retail sales to weaken this year as falling home prices, jobs outlook feed consumer insecurity: UBS

Falling home prices and fears about job prospects will deter Chinese consumers from freely spending on goods such as clothes and home appliances, weighing on the nation’s retail sales growth, …

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Chinese stocks’ darkest days may be over as earnings rebound, property recovery seen lifting gloom in 2024 – UBS

by Anas Siddiqui
Chinese stocks’ darkest days may be over as earnings rebound, property recovery seen lifting gloom in 2024 – UBS

The worst may be over for Chinese stocks after three straight years of losses dealt a US$1.4 trillion wipeout, as a recovery in corporate earnings takes hold amid a ramp-up …

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Golden Goose IPO to raise about $1.1 billion, sources say

by Lionel Rogers
Golden Goose IPO to raise about .1 billion, sources say

By Reuters API Published Dec 18, 2023 Luxury fashion group Golden Goose plans is looking to raise about 1 billion euros ($1.1 billion) from an initial public offering (IPO) in …

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Hong Kong home prices down 20% from historical peak, rebound hinged on US interest rate cuts

by Anas Siddiqui
Hong Kong home prices down 20% from historical peak, rebound hinged on US interest rate cuts

Allen added that the number of clients wanting to buy luxury homes in Hong Kong is increasing, and that more enquiries have been received due to the “decent price the …

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Golden Goose sponsors padel arena, launches Star sneakers line, picks four banks for its Milan IPO

by Lionel Rogers
Golden Goose sponsors padel arena, launches Star sneakers line, picks four banks for its Milan IPO

Translated by Nicola Mira Published Dec 7, 2023 Italian high-end sneakers brand Golden Goose has entered the world of padel, an emerging sport akin to tennis, celebrating its history and …

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Tom Ford fashion house is driving Zegna’s luxury expansion

by Lionel Rogers
Tom Ford fashion house is driving Zegna’s luxury expansion

By Bloomberg Published Dec 6, 2023 Ermenegildo Zegna NV, Italy’s only fashion house with a New York listing, is looking to the Tom Ford brand to help supercharge expansion in …

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Billionaire population of Hong Kong, mainland China expands as global ‘great wealth transfer’ sees more riches inherited than earned: UBS

by Anas Siddiqui
Billionaire population of Hong Kong, mainland China expands as global ‘great wealth transfer’ sees more riches inherited than earned: UBS

The Asia-Pacific region had the highest number of billionaires and the highest proportion of self-made billionaires in the world. Their numbers swelled from 922 to 1,019, while their combined wealth …

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