UBS chief on the markets’ AI error, M&A and that Credit Suisse rescue
The Swiss giant’s global CEO, Sergio Ermotti, says markets are overestimating the near-term impact of artificial intelligence – and underestimating geopolitics.
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The Swiss giant’s global CEO, Sergio Ermotti, says markets are overestimating the near-term impact of artificial intelligence – and underestimating geopolitics.
In a world where activist short-sellers are seen as self-interested at best and downright manipulative at worst, Culper Research stumbled across something true.
New projects have dropped as prices rise. It’s up to infrastructure developers to find a way through.
Members have refused to put in more money, the CEO has exited without replacement and no one is sure if Low Emissions Technology Australia will survive.
As investment sites and prediction markets merge, critics warn it could normalise high-risk wagering and make investors more vulnerable than ever.
The new investment vehicles comes as AAM looks to exit its $160 million poultry-focused fund.
Nuno Matos has won the market over by slashing jobs and simplifying the bank. Now he’s preparing for his big growth play – and it’s a massive roll of the dice.
Central bank chief economist Sarah Hunter says there’s evidence technological shifts are already softening graduate hiring across sectors highly exposed to AI.
The sell-off may have further to go, says Michael Hartnett, and the Nvidia boss’s affair and spy probe bring new fears. The strategist who nailed the midterms fallout says watch three things.
ANZ’s cash profit was up 31 per cent and Nuno Matos says its transformation is on track. Its margin is flat and provisions are higher.
Shares are set to open 0.2 per cent higher; traders brace for US inflation data; oil falls below $US100 a barrel; ANZ posts 23pc jump in full-year net profit. Follow live updates here.
The incoming team will assume portfolio management responsibility for the Blackwattle Large Cap Quality Fund and the Blackwattle Long-Short 130/30 Quality Fund.