Kenworth Truck Co. skipped the fanfare in debuting its proof-of-concept Level 4 autonomous truck at CES 2020 because the Paccar Inc. (NASDAQ: PCAR) brand is focused on learning what to expect from automated driving. We have a pretty good plan and it s going to take a lot of validation work once. Read More.
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FTSE 100 giants AstraZeneca and Barclays are set to declare first-quarter results on Friday
It has been hard to keep AstraZeneca PLC (LON:AZN) out of the news and it will get further attention on Friday when it releases a first-quarter trading update.
UBS is forecasting total revenues of US$7.07bn, which puts it above the consensus forecast of US$6.95bn.
It goes for a core operating profit of US$2.76bn (consensus: US$2.55bn) and core earnings per share of US$1.54 versus a consensus forecast of US$1.45.
“We expect the COVID-19 vaccine might negatively impact the margin in Q1,” UBS said.
Why Morgan Stanley is gaining exposure to Bitcoin (BTC)?
In yet another bullish announcement for Bitcoin this week, banking giant Morgan Stanley has filed a document with the Securities and Exchange Commission (SEC) to gain exposure to BTC. Per the document, 12 of Morgan Stanley’s investment funds will allocate capital in BTC financial products.
Morgan Stanley’s investment funds eligible to gain indirect exposure to Bitcoin include Counterpoint Global Portfolio, managed by Dennis Lynch, Asia Opportunity Portfolio, Growth Portfolio, Inception Portfolio, International Advantage Portfolio, among others.
The funds will be able to invest in Bitcoin futures contracts settled in cash or Grayscale Bitcoin Trust (GBTC) shares of the Grayscale firm. Investment in BTC will not have to be ongoing and will be made through a subsidiary that will operate as an exempted company governed by the laws of the Cayman Islands.
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MUMBAI: Brookfield India Real Estate Trust, India’s only institutionally managed public commercial real estate vehicle, is well poised to benefit from recovery in real estate market as well as significant increase in offshoring trends for the large IT companies which form majority chunk of the REIT tenant base, according to a note by domestic brokerage JM Financial Institutional Securities.
While initiating coverage with a 12 months target price of Rs 280 as against the current market price of Rs 232,
JM Financial said that Brookfield India REIT offers a compelling value proposition with a global parentage of Brookfield Group and a stable portfolio of 75% of the rentals from MNCs with committed same store occupancy of 91% as of February 2021.