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China's market rollercoaster claims another fund

China's market rollercoaster claims another fund Once-profitable options arbitrage collapses in losses Unusual surge in call-buying upended market Stimulus plans, U.S. election seen stoking volatility By Samuel Shen and Tom Westbrook SHANGHAI/SINGAPORE, Oct 25 (Reuters) - Shanghai Power Asset Management Co has apologised to investors and shut its arbitrage strategy after heavy losses, the latest China hedge fund bruised by wild gyrations in the market since authorities vowed to support the econo
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Sika shares rise after solid 9-month results and confirmed guidance

BUZZ-Sika shares rise after solid 9-month results and confirmed guidance ** Shares in Sika SIKA.S rise 0.67% in Julius Baer pre-market trade after the Swiss industrial and construction chemicals company posted solid 9-month results and confirmed its FY outlook ** Sika posts 9M sales of 8.9 billion Swiss francs, up 5.5% from 8.4 billion a year earli
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Temenos seen down after second guidance cut in a row

BUZZ-Temenos seen down after second guidance cut in a row ** Swiss banking software firm Temenos TEMN.S is seen down 1.8% in Julius Baer pre-market indications on Thursday after it lowered its full year guidance for the second quarter in a row on Wednesday after market close ** Temenos said sales execution issues in the Middle East and Africa (MEA)
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Roche seen rising after Q3 sales beat

BUZZ-Roche seen rising after Q3 sales beat ** Shares in Roche ROG.S are indicated up 1.1% in Julius Baer premarket trade after the Swiss drugmaker reports better-than-expected Q3 sales ** "Reported 3Q24 Group sales beats consensus and our expectations," Vontobel says ** Key growth drivers such as multiple sclerosis drug Ocrevus, haemophilia shot Hemlibra and recently launched eye drug Vabysmo continue to perform above expectations, the brokerage highlights ** Analysts at J.P.
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Logitech rises on FY outlook hike, as improving demand boost Q2 numbers

BUZZ-Logitech rises on FY outlook hike, as improving demand boost Q2 numbers ** Shares in Logitech International LOGN.S rise 3.4% in Julius Baer pre-market trade as the Swiss computer keyboard and mouse maker raised its FY outlook for 2025, with a set of strong Q2 figures, driven by improving demand ** Logitech now expects FY sales to be between $4
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Schindler shares rise on strong Q3 order, sales growth

BUZZ-Schindler shares rise on strong Q3 order, sales growth ** Shares in Swiss lift and escalator company Schindler SCHP.S rise 2.4% in Julius Baer pre-market indications after the company reported growth in orders and sales in local currencies in Q3 ** Order intake reached 2.71 billion Swiss francs ($819.29 million)in Q3, a year-on-year growth of
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Nestle down after 9-mth sales growth miss, outlook cut

BUZZ-Nestle down after 9-mth sales growth miss, outlook cut ** Shares in Nestle NESN.S are seen falling 2.6% in Julius Baer premarket trade after the Swiss company cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth ** It also announced it is revamping senior leadership and its operating structure ** "A very painful reset for Nestle, unprecedented in recent history," Vontobel says, noting the new guidance is below the market's lowest expectations ** "
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Julius Baer CIO tells rich to brace for private market 'hangover phase'

Julius Baer CIO tells rich to brace for private market 'hangover phase' Says public assets will probably offer better returns High fees create big hurdle to returns in private assets Private markets have boomed as investors look to diversify By Tommy Reggiori Wilkes and Oliver Hirt ZURICH, Oct 16 (Reuters) - Clients should be wary of the craze for private markets because the "hangover phase" facing a sector pumped up by low rates and high fees will leave it lagging the returns of public equities
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Oil prices hold at 2-week low on lower oil demand growth forecasts

UPDATE 8-Oil prices hold at 2-week low on lower oil demand growth forecasts U.S. crude inventories likely rose last week OPEC and IEA cut 2024 oil demand growth forecasts Adds latest prices By Scott DiSavino NEW YORK, Oct 16 (Reuters) - Oil prices held near a two-week low on Wednesday after dropping about 7% over the prior three days on forecasts for less oil demand growth and reduced concerns that Middle East conflicts will disrupt supply.
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ZKB downgrades EFG International, deems stock 'fairly valued'

BUZZ-ZKB downgrades EFG International, deems stock 'fairly valued' ** Shares in Swiss bank EFG International EFGN.S slide 1.2%, paring most of Wednesday's gains, after Zuercher Kantonal Bank (ZKB) downgrades the stock to "market perform" from "outperform" ** The broker views the stock as "fairly valued" after its good share performance in recent ye
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'Blunt' interest rates pose questions about Fed easing :Mike Dolan

COLUMN-'Blunt' interest rates pose questions about Fed easing :Mike Dolan By Mike Dolan LONDON, Sept 11 (Reuters) - If steep interest rate hikes failed to slow the U.S. economy much in recent years, it is reasonable to ask whether their reversal will prove as toothless in a downturn. One of the puzzles of the past two years has been how five percentage points of tightening by the Federal Reserve between March 2022 and July 2023 had so little effect on the overall economy.
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Swiss stocks - Factors to watch on September 6

Swiss stocks - Factors to watch on September 6 ZURICH/GDANSK, Sept 6(Reuters) - Here are some of the main factors that may affect Swiss stocks on Friday: SWISS NATIONAL BANK SNBN.S The wife of the new Swiss National Bank chairman is leaving her job as head of Switzerland's hotel association. COMPANY STATEMENTS JULIUS BAER GRUPPE AG BAER.S Julius Baer places 500 million euros senior unsecured notes.
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Julius Baer Successfully Places EUR 500 Million Senior Unsecured Notes

BRIEF-Julius Baer Successfully Places EUR 500 Million Senior Unsecured Notes Sept 5 (Reuters) - Julius Baer Gruppe AG BAER.S : SUCCESSFULLY PLACES EUR 500 MILLION SENIOR UNSECURED NOTES FIXED-RATE, ANNUALLY PAYABLE COUPON SET AT 3.875% PER ANNUM NOTES ARE 5-YEAR SENIOR UNSECURED NOTES ISSUED IN DENOMINATIONS OF EUR 100,000 Source text for Eikon: ID
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Julius Baer Renames Subsidiary Kuoni Mueller & Partner

BRIEF-Julius Baer Renames Subsidiary Kuoni Mueller & Partner Sept 5 (Reuters) - Julius Baer Gruppe AG BAER.S : RENAMES ITS SUBSIDIARY KUONI MUELLER & PARTNER TO JULIUS BAER REAL ESTATE LTD AT SAME TIME, GROUP HAS BOUGHT ALL OUTSTANDING MINORITY SHARES IN SUBSIDIARY, APPOINTED THOMAS HODEL AS SUBSIDIARY'S NEW CEO EFFECTIVE FEB 1 2025 Source text for
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Swiss Life says normalising European property markets boost results

UPDATE 4-Swiss Life says normalising European property markets boost results Swiss Life beats expectations for H1 fee result Says German and French property markets are stabilising Confirms outlook for 2024 Shares touch 23-year high in early trading Updates shares, recasts with comments on European property markets in paragraphs 1, 4-5, adds property devaluations in paragraph 6, analyst comment paragraph 9 By Andrey Sychev GDANSK, Sept 3 (Reuters) - Swiss Life SLHN.S , a major owner of real esta
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Italy - Factors to watch on August 26

Italy - Factors to watch on August 26 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . DEBT Treasury announces sale of BTP and CCTeu bonds, with relative amounts to be auctioned on Aug.
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Swiss Re up after better-than-expected H1 net profit

BUZZ-Swiss Re up after better-than-expected H1 net profit ** Swiss reinsurance company Swiss Re SRENH.S beat expectations with its H1 net profit results, with its shares rising 1.2% in Julius Baer premarket indications ** H1 net profit came in at $2.09 billion, above expectations of $2.02 billion in a poll conducted by Vara Research ** The results leave Swiss Re 16% ahead of where they need to be in order to meet their full year guidance, Vontobel says ** "It is hard to see how the company won't
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Siegfried rises on better-than-expected H1 results

BUZZ-Siegfried rises on better-than-expected H1 results ** Shares in Siegfried Holding SFZN.S rise 1.9% in Julius Baer pre-market trade after the Swiss pharmaceutical company posted better-than-expected H1 results and confirmed its FY outlook ** Siegfried posted H1 core EBITDA of 132.1 million Swiss francs ($155.30 million), compared to 125.7 milli
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Alcon falls after posting 'weak' Q2 sales

BUZZ-Alcon falls after posting 'weak' Q2 sales ** Shares in Swiss eye care company Alcon ALCC.S are seen down 3.1% in Julius Baer premarket after the group reported on Tuesday Q2 results below expectations ** Analysts from Vontobel and BTIG also point to weaker than anticipated top line growth in the quarter ** Q2 net sales rose to $2.48 billion, 2% below analysts' average forecast of $2.53 billion, according to LSEG data ** The company profitability saw $30 million negative impact from signific
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Singapore charges two ex-bankers for helping $2.2 bln money laundering ring

UPDATE 1-Singapore charges two ex-bankers for helping $2.2 bln money laundering ring Adds comment by Julius Baer paragraph 5 SINGAPORE, Aug 15 (Reuters) - A Singapore court on Thursday charged two former bankers for helping a group of foreigners who were convicted of laundering $2.2 billion last year in the biggest such financial crime in the Asian financial hub.
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