21 May 2025 | 10:11PM IST Goldman Sachs Asia in Focus India: Towards a better growth-inflation balance Santanu Sengupta +91(22)6616-9042 | santanu.sengupta@gs.com Goldman Sachs India SPL Arjun Varma +91(22)6616-9043 | arjun.varma@gs.com Goldman Sachs India SPL Andrew Tilton +852-2978-1802 | andrew.tilton@gs.com Goldman Sachs (Asia) L.L.C. Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclo ...

21 May 2025 | 4:01PM EDT What's Top of Mind in Macro Research: Growing US fiscal concerns, tracking trade flows, the positives of population aging Transcript US: fiscal concerns grow We estimate that the House Republican reconciliation package that extends expiring tax cuts, enacts new tax cuts, and reduces spending will increase the US deficit by around $275bn, or 0.8% of GDP, next year compared with current policy. This increase is slightly larger than we originally anticipated, mainly owing to more gener ...

Core Insights - Temenos announced record-setting benchmark results for its cloud-native core banking solutions on Microsoft Azure, showcasing speed, efficiency, and scalability for modern AI-powered banking [1][2] - The benchmark simulated a bank with 25 million customers and 50 million accounts, processing 16,600 transactions per second while handling additional AI workloads [3] - The latest technology demonstrated over 40% improvement in efficiency compared to the previous year's benchmark, thanks to advancements in architecture and Microsoft Azure Cobalt 100 ARM processors [4] Technology and Performance - Temenos' banking solutions can process large volumes of transactions and data quickly and securely, using less hardware, which helps banks scale on demand while maintaining peak performance [5] - The benchmark also tested banking APIs through Microsoft Open AI Service interfaces to ensure readiness for future AI and Gen AI demands [5] Industry Trends - A Hanover Research survey indicated that 75% of banks are exploring Generative AI deployment, with 82% investing in technology to enhance operating efficiency [6] - Among banks already deploying or exploring Generative AI, 43% plan to increase their investment in the technology this year compared to last year [6] Expert Commentary - Industry experts emphasized the critical need for flexible and scalable core systems as banks adopt new technologies like Generative AI, highlighting the potential of Temenos' solutions to support high transaction volumes while managing infrastructure efficiency [7] - Temenos' commitment to cloud and SaaS technology is underscored by the benchmark results, which demonstrate the speed and scalability required for the next generation of banking [7] - The collaboration between Microsoft and Temenos is seen as a strategic move to enhance core banking capabilities in the cloud, aiming to transform customer experiences and drive innovation [7]

WILMINGTON, N.C., May 21, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced its participation in the following investor conferences: Baird’s 2025 Global Consumer, Technology, & Services ConferencePresentation: Tuesday June 3, at 9:40 a.m. ET BofA Securities 2025 Global Technology ConferencePresentation: Thursday June 5, at 10:40 a.m. PT (1:40 p.m. ET) Morgan Stanley US Financial ConferencePresentation: Tuesday June 10, ...

Core Viewpoint - The Shanghai Stock Exchange has updated its guidelines to support the issuance of company bonds and asset-backed securities (ABS), facilitating the refinancing and expansion of existing financial instruments, which is expected to enhance market liquidity and support the real economy [1][2]. Group 1: Regulatory Updates - The Shanghai Stock Exchange has released a revised guideline for the issuance and listing of company bonds and ABS, allowing for the continuation of issuance and expansion of existing products [2][3]. - The continuation of issuance for company bonds refers to the incremental issuance of existing listed bonds, while the expansion of ABS involves the issuance of additional securities for existing real estate-backed ABS [2][3]. Group 2: Market Impact - The new measures are expected to improve the liquidity of the bond market and meet the reasonable financing needs of market participants, thereby positively impacting the allocation of resources [1][2]. - The expansion mechanism for ABS is anticipated to leverage successful practices from public REITs, potentially increasing the attractiveness and activity in the structured financing market [3][4]. Group 3: Market Statistics - As of May 20, 2025, there are 4,570 ABS with a total market value of 15,601.53 billion and a face value of 15,720.45 billion on the Shanghai Stock Exchange [6]. - The total number of company bonds (including corporate bonds) is 15,692, with a total market value of 129,046.99 billion, which includes 69,508.87 billion from public offerings and 59,538.12 billion from private placements [6][7]. Group 4: Industry Perspectives - Industry experts believe that the new issuance and expansion support will enhance the efficiency of corporate financing and reduce procedural steps [4][5]. - There is a call for improved legal frameworks and information disclosure standards to optimize the use of ABS and other diversified financing tools [8].

SAO PAULO, May 21, 2025 (GLOBE NEWSWIRE) -- On May 20th, 2025, the first "China-Brazil Economic and Finance Conference" organized and hosted by China International Capital Corporation Limited (CICC), was successfully held in São Paulo, Brazil. Hundreds of government officials, representatives from leading enterprises and investment institutions across China and Brazil attended the conference. At the event, Xu Yicheng, CICC's Member of Management Committee, represented the company. In his opening remarks, Xu ...

新华财经北京5月21日电（记者闫鹏）20日， 宁德时代 正式在香港联交所主板挂牌上市，绿鞋前发行规 模46.0亿美元，绿鞋后发行规模52.9亿美元（假设绿鞋全额行使）。这是为2023年以来全球规模最大的 IPO，也是迄今为止规模最大的A股上市公司H股IPO。 本次项目募集资金的90%将用于推进宁德时代匈牙利项目建设，以更好地满足欧洲等海外市场不断增长 的 动力 电池 和 储能电池 需求，对宁德时代国际业务布局和发展具有重要意义。 业内人士表示，对香港 资本市场 而言，作为2022年以来香港市场规模最大的IPO，宁德时代H股IPO将 提升市场活跃度，增强香港资本市场的国际影响力，并具有较强示范效应，或将带动A股其他企业赴港 上市。 上市首日，宁德时代H股上涨16.43%，报306.2港元／股。 中金公司 投资 银行 部执行负责人许佳表 示，本次港股IPO的踊跃认购和良好上市日表现，体现出全球资本市场对中国优质企业长期价值的坚定 信心，高质量发展的中国企业依然具备强大吸引力和全球配置价值。 中金公司担任本次项目的联席保荐人及联席牵头经办人，并担任本次项目的独家后市稳定商及独家结算 代理。本次宁德时代H股发行过程中 ...

M Global Insight May 20, 2025 06:00 PM GMT Global Economics Mid-Year Outlook Skewed to the Downside Global growth steps down by a percentage point from 2024. US trade policy and the uncertainty it engenders are the main drivers. Central banks have to confront the slowing, but the Fed must wait until inflation ebbs. Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could aff ...

M Global Insight May 20, 2025 06:37 PM GMT Global Strategy Mid-Year Outlook All Eyes on US US risky and risk-free assets are attractive versus the RoW against a backdrop of a slowing but still expanding global economy despite policy uncertainty, along with deregulation and more rate cuts than priced in the markets. We are OW US equities, OW core fixed income, and expect a weaker dollar. Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors sho ...

20 May 2025 | 3:52PM EDT Global Market Views: Smaller Tails Widen Some Paths, Narrow Others 1. Some paths widen, some narrow. Equity markets have relaxed over the past month following a succession of positive trade-related developments between the 90-day pause on reciprocal tariffs and the recent tariff reduction with respect to China. Tariff rates are now lower, but not low, and the same can be said about recession risks in the US. The lowering of trade tensions means that even if hard data 'catch down' to ...