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Citi has appointed co-heads for its capital markets and advisory division in Australia and New Zealand, enhancing its leadership team. The new hires come from Goldman Sachs, signaling a strategic move to strengthen its market position in the region.
Farmer confidence has surged in the first Rabobank Rural Confidence Survey of 2025, rising to +44 percent from +34 percent. This increase is largely attributed to improved sentiment among sheep and beef farmers, as highlighted by The Country's Jamie Mackay.
Citigroup Inc. has announced the appointment of Ben Connolly and Philippe Perzi as co-heads of Capital Markets and Advisory for Citi Australia and New Zealand. This strategic move aims to strengthen the firm's leadership in the region's financial services sector.
US stock markets fell, with the US 500 entering correction territory amid trade war concerns and geopolitical tensions. The Australia 200 also declined, influenced by a major US bank downgrading Australian equities due to trade risks. Key economic indicators, including job openings and inflation rates, showed mixed results, while upcoming data releases are anticipated to impact market sentiment.
Consolidated Planning Corp increased its stake in Costco Wholesale by 33.4%, now holding 7,488 shares valued at $6.6 million. Institutional investors own 68.48% of the stock, which has seen price targets raised by several analysts, with JPMorgan forecasting a potential upside of 10.96%. Costco's recent earnings report showed a revenue of $63.72 billion, slightly above estimates, despite an EPS miss.
Costco Wholesale Corporation reported strong revenue, although its shares fell following a quarterly earnings miss. The company operates 890 warehouse stores across various countries, with net sales primarily from product sales (98.1%) and a smaller portion from subscriptions (1.9%). Geographically, 72.4% of net sales come from the United States, followed by Canada (13.7%) and other regions (13.9%).
Airwallex has acquired Vietnam-based payment services provider CTIN Pay to enhance its licensing presence in key Asia-Pacific markets and support international firms entering Vietnam. The company has appointed Ershad Ahamed as head of Southeast Asia to drive regional growth, following its acquisition of MexPago in Mexico. Founded in 2015, Airwallex reports annual revenues exceeding US$600 million and a global transaction volume of US$130 billion.
UBS has raised its price target for Costco Wholesale Corporation to $1,205 from $1,140. The company operates 890 warehouse stores across various countries, with the majority located in the U.S. (72.4% of net sales), and generates 98.1% of its revenue from product sales and 1.9% from subscriptions.
The New Zealand Local Government Funding Agency Limited is set to issue a bond worth CHF 220 million, managed by BNP Paribas (Suisse) and UBS. The bond features a coupon rate of 0.770%, a maturity of seven years until April 2, 2032, and a call date on April 2, 2025, with an AA+/AA+ rating from S&P and Fitch.
Stuart Chaussee & Associates Inc., AlphaQuest LLC, and Headlands Technologies LLC made significant investments in Ormat Technologies during the 4th quarter, with institutional investors holding 95.49% of the stock. Analysts have given the company a "Moderate Buy" rating, with price targets ranging from $75.00 to $92.00, while the stock recently traded at $69.12. Insider trading activity included a notable sale by Director David Granot and a major shareholder, Corp Orix, who sold millions of shares, reducing their ownership significantly.
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citi australia and nz appoints co-heads of capital markets and advisory
10:44 18.03.2025
farmer confidence surges in first rabobank survey of 2025
10:11 18.03.2025
Citi Australia and New Zealand names new co-heads for capital markets
02:23 18.03.2025
us stock markets enter correction as trade war concerns escalate
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06:24 14.03.2025
costco wholesale sees increased institutional investment and positive analyst ratings
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09:02 09.03.2025
costco reports strong revenue but shares decline after earnings miss
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20:59 07.03.2025
Airwallex expands in Asia Pacific with acquisition of CTIN Pay in Vietnam
15:14 06.03.2025
ubs raises costco wholesale price target to twelve hundred five dollars
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19:20 04.03.2025
New Zealand Local Government Funding Agency issues 220 million CHF bond
14:10 04.03.2025
ormat technologies sees significant institutional investment and analyst upgrades
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