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UBS sees more outflows from US wealth unit after adviser exits, CFO says
Reuters· 2026-02-04 09:35
Core Viewpoint - UBS anticipates continued outflows in its U.S. wealth management division during the first half of 2026 due to advisers departing the bank and taking clients with them [1] Group 1 - UBS's chief financial officer, Todd Tuckner, indicated that the outflows are expected to persist as advisers leave the firm [1]
NatWest commits $13.7 billion to support UK social housing
Reuters· 2026-02-04 09:00
Core Viewpoint - NatWest announced a commitment to provide a £10 billion ($13.72 billion) package to the UK social housing sector by 2028, aimed at supporting the delivery of affordable housing across the country [1] Group 1 - The funding is specifically targeted at enhancing the availability of affordable housing in the UK [1] - The initiative reflects NatWest's strategy to contribute to social and economic development through investment in housing [1]
Nestle widens French infant formula recall to new batch of Guigoz
Reuters· 2026-02-04 08:59
Core Viewpoint - Nestle has expanded its infant formula recall to include an additional batch of Guigoz formula following France's decision to lower the maximum threshold for cereulide toxin [1] Company Summary - The recall involves a new batch of Guigoz formula, indicating a proactive response by Nestle to regulatory changes in France [1] - The action reflects Nestle's commitment to consumer safety and adherence to updated health standards [1] Industry Summary - The decision by France to lower the maximum cereulide toxin threshold may impact the infant formula industry, prompting other companies to reassess their product safety measures [1] - Regulatory changes in food safety standards can lead to increased scrutiny and potential recalls across the industry, affecting market dynamics [1]
Gulf stocks rise on firmer oil, earnings; Mideast tensions in focus
Reuters· 2026-02-04 08:57
Core Viewpoint - Most Gulf stock markets experienced an increase in early trading, driven by stronger oil prices and positive corporate earnings, while investors are evaluating the potential market impact of escalating tensions in the Middle East [1] Group 1: Market Performance - Gulf stock markets rose in early trade, indicating a positive market sentiment [1] - The rise in stock markets is attributed to firmer oil prices, which typically influence the performance of Gulf economies [1] - Upbeat corporate earnings reports contributed to the positive market trend, suggesting strong financial performance among companies in the region [1] Group 2: Investor Sentiment - Investors are assessing the potential fallout from escalating tensions in the Middle East, indicating a cautious approach despite the positive market performance [1]
Automakers in China roll-out longer-term financing plans to spur demand
Reuters· 2026-02-04 08:49
Automakers in China are extending repayment terms for customers to as long as eight years to woo consumers amid stagnant demand in the world's largest auto market. ...
Chevron commits to Yoyo-Yolanda gas project straddling Cameroon, Equatorial Guinea
Reuters· 2026-02-04 08:41
Core Viewpoint - Chevron has reaffirmed its commitment to the Yoyo-Yolanda gas project, which is located at the maritime border between Equatorial Guinea and Cameroon, indicating a strategic focus on gas development in the region [1] Group 1: Project Commitment - Chevron is actively renewing its commitment to the Yoyo-Yolanda gas project, highlighting the importance of this initiative for the company [1] - The project straddles the maritime border between Equatorial Guinea and Cameroon, showcasing its cross-border significance [1] Group 2: Strategic Importance - The Yoyo-Yolanda gas project is part of Chevron's broader strategy to enhance its gas portfolio in West Africa, reflecting the company's long-term vision for energy development in the region [1]
European stocks down after Novo's weak forecast, software companies slide
Reuters· 2026-02-04 08:38
European shares edged lower on Wednesday, as shares of Novo Nordisk slumped after the weight-loss drugmaker issued a bleak forecast, while investors tracked software shares and awaited a key inflation report. ...
Tesla's China-made EV sales rise 9.3% y/y in January
Reuters· 2026-02-04 08:37
Core Insights - Tesla sold 69,129 China-made electric vehicles in January, marking a 9.3% increase from the previous year, indicating a positive sales trend for the third consecutive month [1] Company Performance - The sales figures reflect Tesla's ongoing efforts to combat shrinking market share in both China and Europe [1]
Henkel to buy specialty coatings company Stahl for 2.1 billion euros
Reuters· 2026-02-04 08:24
Group 1 - Henkel, the owner of Persil, has agreed to acquire specialty coatings company Stahl for 2.1 billion euros (approximately $2.5 billion) from Stahl Group [1]
Volvo Cars' sales volumes drop 7% in November-January period in challenging market
Reuters· 2026-02-04 08:07
Group 1 - Volvo Cars, based in Sweden, reported sales of 177,830 cars during the November-January period, reflecting a 7% decrease compared to the same period last year [1]