Latest news with #Deutsche
Time of India
5 days ago
- Health
- Time of India
Yogi hails all Padma awardees from UP
1 2 Lucknow: Chief Minister Yogi Adityanath congratulated recipients of Padma Awards, presented by President Droupadi Murmu on Tuesday. In a post on the social media platform 'X', the CM congratulated Sadhvi Rithambara, calling her a pioneer in social work. He wrote: "Heartfelt congratulations to Sadhvi Rithambara for being awarded the Padma Bhushan in the social work category under Padma Awards 2025. Her life is an exemplary dedication to service and the nation. Her inspiring voice, ascetic life and unique service efforts have given new direction to society." Praising Narayan Ji, 'Bhulai Bhai', for receiving the honour posthumously, the CM said that his invaluable contribution to society through his political dedication was a proud testament to national service. His life will continue to inspire future generations and illuminate society, he said. In another message for Prof Sonia Nityanand, Vice-Chancellor of King George's Medical University, the CM described her as a priceless asset to medicine. He wrote: "Her outstanding research on stem cell transplantation and haematological disorders is a priceless asset to the medical field. Every resident of the state is delighted with her achievement." Congratulating Prof Syed Ainul Hassan on his Padma Shri, the CM complimented him for spreading education and his service to literature. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 89% Verbesserung: Tausende Deutsche testen neue Krampfader-Methode Venen Kompass Weiterlesen Undo His work and personality will continue to guide society in a new direction, he said. He also congratulated senior scientist Prof Ashutosh Sharma on being awarded the Padma Shri. "His research and technological innovations have enhanced the prestige of Uttar Pradesh in the country and the world. His invaluable contributions will continue to inspire the entire nation," he wrote.
Time of India
24-05-2025
- Politics
- Time of India
No, Harvard hasn't asked students not to date Trump supporters. Here's what happened
A viral screenshot claims Harvard asked its students to shun Trump supporters, to not date them. Amid the legal battle between Harvard University and the Donald Trump administration tied to Trump's crackdown on international students, a screenshot is doing the rounds claiming that the university has announced a blacklistig of Trump supporters on the campus. It is an anonymous chat with Harvard's logo that asks students not to be friends with Trump supporters. "Until Trump back down (if he does), I think we blacklist Trump supporters on campus. Don't let them into clubs, don't be friends with them, certainly don't date them. Bring back real social consequences for politically affiliating with a fascist," the message on the viral screenshot read. The message comes as Trump and Harvard have locked horns -- the Department of Homeland Security cancelled Harvard's student exchange program, meaning the university can't enroll foreign students unless it acquiesces to the demands of the administration. The university said it won't and went to the court and now there is a temporary stay on the administration's order. The Trump administration demanded records of international students in the last five years who were involved in any criminal, illegal, or violent activities. It was part of the administration's crackdown on college campuses that has been going on since February, with ICE agents arresting students, revoking their visas etc. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 12.000+ Deutsche berichten: Krampfadern in 4 Wochen deutlich verblasst Venen Kompass Weiterlesen Undo As the screenshot went viral, many thought it to be true but it was a screenshot of SideChat and not an institutional policy or proposal. "The Harvard logo in the image would appear for any student in the 'Harvard Community' on the app when they post. It isn't an official statement from Harvard; it's just a random user's post," one wrote, explaining. Social media users commented that not many Trump supporters get a chance to study and Harvard, so even if the screenshot is not fake, the three Trump supporters on the campus would be 'devastated'.
Mint
22-05-2025
- Business
- Mint
US Dollar Set to Be Biggest Loser in Investors' Fiscal Revolt, Deutsche Bank Says
(Bloomberg) -- Long-term US Treasury yields are rising as investors revolt against ballooning government spending, but Deutsche Bank's Tim Baker warns that the US dollar may end up paying the bigger price if fiscal concerns persist. Thirty-year Treasury yields surged over 5% this week to their highest level since 2023, after Republicans clashed over, and finally passed Thursday morning, President Donald Trump's signature tax bill — legislation expected to add to the national debt burden. Amid the wrangling on Capital Hill, a Deutsche index measuring US fiscal policy uncertainty hit a record high. 'With the government showing little inclination to shrink these deficits, bond yields have marched higher,' Deutsche macro strategist Baker wrote in a note. 'These yields may start to look enticing for a domestic investor who may be less uncomfortable with fiscal risks than foreigners.' Although Thursday brought a pause in the surge, the 30-year rate still pushed as high as 5.15%, extending this month's steady climb. The dollar has already bore the brunt of the market's early reaction to Moody's Ratings downgrade the US' credit rating last Friday. A Bloomberg gauge of the US currency is now down nearly 1% on the week and more than 7% so far this year — its worst annual start on record in data going back to 2005. 'Treasuries may get some eventual support as domestics rotate away from equities, but the retreat from foreigners would still play dollar-negative,' Baker said. Options traders are already bracing for further dollar weakness. Sentiment revealed by contracts this week, as measured against an aggregate gauge of the greenback over the next month, soured to its most bearish in five years, since the Covid-19 pandemic rattled global markets in March 2020. 'Even if domestics were to provide support for Treasuries at some point, it'd still leave the dollar lower as foreigners step back from the norm of solid buying,' Baker said. More stories like this are available on
Yahoo
14-05-2025
- Business
- Yahoo
Be underweight U.S. equities, neutral on the Magnificent 7: Deutsche Bank
-- Deutsche Bank is advising investors to remain underweight U.S. equities while maintaining a neutral stance on the so-called "Magnificent 7" technology giants, despite a recent pickup in U.S. market performance. 'The emergence of DeepSeek at a time of lofty valuations confirmed our preference for European over U.S. equities,' Deutsche Bank said, referencing its January outlook. While the U.S. market began to outperform European equities only in recent days, the Magnificent 7 have risen 6% since Deutsche's March call but still lag European equities by 15% year-to-date. The bank reiterated that it continues to expect U.S. equity underperformance to persist 'until a substantial cut in tariffs would bring relief.' Although the S&P 500's recent strength may continue in the near term, Deutsche Bank said, 'we would stretch the 'short-term.'' According to the note, the broader macroeconomic and policy environment continues to favor Europe over the U.S. 'Although lower than feared for now, in our view, tariffs will still be a bigger burden for U.S. companies than for European companies,' analysts wrote. Additionally, they said, 'Political uncertainty is still higher in the U.S. than in Europe. Earnings momentum is still more favourable in Europe. Valuations are still more favourable for Europe. Fiscal policy is still more favourable in Europe. The rates environment is still more favourable in Europe.' The note also pointed to geopolitical developments, noting that 'a potential ceasefire between Ukraine and Russia would still be more favourable for Europe.' Related articles Be underweight U.S. equities, neutral on the Magnificent 7: Deutsche Bank NetGear can double on TP-Link ban, may reach triple digits, says activist Tesla adds to gains as board committee studies new compensation package for Musk Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
06-05-2025
- Business
- Zawya
April trading booms but tariff risks cause concern: IFR
The first-quarter boom in trading revenues for banks continued and even accelerated during April, but the tariff fight and market volatility that has fuelled that bonanza is also prompting banks to warn of potential hits to other revenues and a rise in bad loans. European banks followed their US peers and reported near record trading revenues for January–March, and several said activity stepped up again after "liberation day" on April 2, when US president Donald Trump unveiled hefty tariffs on imports and sparked market turmoil. 'We saw higher spikes in client activity in the first two weeks of April, 30% above the peaks of Covid times. But in the last 10 days, there is more stability around current levels and more of a wait-and-see attitude. It's a more normalised environment,' UBS chief executive Sergio Ermotti told analysts. Deutsche Bank chief financial officer James von Moltke said the first two weeks of April had been even busier than the first quarter. 'There were high volumes with wide bid-ask spreads,' von Moltke said. He added that activity had then settled down to a calmer phase during the second half of the month after Trump announced a 90-day pause on tariffs for most countries. Standard Chartered said on Friday that strong trading in the first quarter had continued in April, with clients particularly active in tactically managing exposure to currencies, commodities and rates. They echoed Goldman Sachs CEO David Solomon, who said on April 14 the second quarter had started well for trading. "I know there is a higher level of uncertainty, but at the same point, clients are active. People are shifting positions. And we still see significant activity levels," he told analysts. Notably, the April surge came on top of a buoyant first quarter for trading. UBS reported record equities trading revenues of US$1.81bn, up 33% from a year ago, while its foreign exchange, rates and credit trading income jumped 27%. Deutsche's fixed income and currencies trading revenues rose 17% from a year earlier to €2.94bn. Deutsche is the biggest fixed-income house outside the big US banks, but it does not have an equities trading division. Barclays ' fixed-income, currency and commodities trading revenues jumped 21% to £1.7bn, its best quarter for two years. Its equities trading revenues of £963m were up 27% year-on-year after stripping out one-off items. Equities trading revenues for the four major European investment banks that report them totalled US$5.65bn in the first quarter, up 31% from a year earlier and broadly in line with the 34% rise across the big five US banks. But European banks outperformed in FICC trading, with aggregate revenues of US$11.61bn across six banks, up 20% from a year earlier, compared with a 6% rise by US peers. BNP Paribas ' equities trading revenues in Q1 jumped 42% and FICC trading was up 4%; Societe Generale 's equities revenue increased 22% while FICC revenues dipped 2%; and HSBC reported that combined debt, equity and FX revenues increased 28% from a year earlier. The pickup was evident in Asia too, and Standard Chartered's global markets income was up 14% in Q1 from a year earlier, with macro trading up 11% and credit trading income jumping 34%. "Adverse but plausible" But while traders may be cheering the tariff uncertainty, M&A and equity capital markets bankers and bank bosses are less impressed. HSBC warned that its revenues could be reduced by 'low single-digit' percentage points and it could take an extra US$500m hit from bad loans due to the impact of substantially higher tariffs and reduced trade. HSBC, one of the largest trading banks in the world, said under 'adverse but plausible downside scenarios' the higher tariffs could reduce GDP and have an impact on unemployment, financial conditions, stock markets and house prices, and hurt sectors including autos, industrials, retail, textiles, transport and logistics. 'We've seen a significant drop in volumes along the US-China corridor in the sectors that have not been given a waiver or a reduction in tariffs," said HSBC CEO Georges Elhedery. Barclays increased its first-quarter provisions by £74m to account for a worsening outlook for its US consumer bank and US exposures for its investment bank, while Deutsche said after assessing its loan book for how tariff-related effects might have an impact that its provisions for credit losses rose to €163m in the first quarter from €101m in the fourth quarter. The European banks said their advisory and ECM desks continued to struggle while economic and geopolitical uncertainty persists. Revenues from advisory and debt and equity underwriting across the major European banks were flat from a year earlier while US banks reported an aggregate 4% rise. That compared with a weak start to 2024, and bankers had started the year hoping for a major rebound. Deutsche's von Moltke said a recovery would hinge on business confidence. 'That slowed pretty dramatically in early April and may take a while to come back into focus,' he said.
