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asymmetrical risks in high-risk currency derivatives lead to client losses
Geneva-based lawyer Nicolas Ollivier highlights the dangers of high-risk currency derivatives, specifically Range Target Profit Forwards, which have led to significant losses for UBS clients. These products promise limited gains while exposing investors to disproportionately high risks, with potential losses reaching millions. Despite the risks, many clients, often lacking substantial assets, were unaware of the asymmetrical risk distribution, leading to margin calls and financial distress.
cisco systems insider trading and institutional investment activity reported
Cisco Systems' executive vice president now owns 191,184 shares valued at approximately $11.6 million after a recent sale, which decreased their position by 1.07%. Over the past 90 days, insiders sold 14,635 shares, while institutional investors hold 73.33% of the stock. Analysts have raised Cisco's price target to $73.00, suggesting a potential upside of 14.74%. The company reported earnings of $0.96 per share, exceeding estimates, and announced a $15 billion share repurchase plan, indicating management's belief in the stock's undervaluation.
state department pressures gambia to approve starlink license for musk
The U.S. State Department has reportedly pressured Gambia to approve a license for Elon Musk's Starlink satellite internet service, with officials suggesting that U.S. financial support for the country is contingent on compliance. Tensions escalated during a contentious meeting in Washington, where Gambian officials faced accusations of hindering development. Following these events, the U.S. ambassador bypassed the communications minister to directly urge President Addama Barrow to facilitate Starlink's operations.
gambia aims for reduced budget deficit amid projected economic growth
Gambia plans to reduce its budget deficit to 0.1% of GDP in 2025, down from a forecasted 2.6% this year, as the economy is expected to grow by 5.8% next year, slightly up from 5.7% in 2024. Finance Minister Seedy Keita announced these projections to lawmakers in Banjul.