Latest news with #J.P.Morgan
Miami Herald
9 hours ago
- Business
- Miami Herald
U.S. signs agreement to help Argentina re-enter Visa Waiver Program
July 28 (UPI) -- The Trump administration finalized a plan Monday that will help Argentina reinstate visa-free travel for its citizens. Argentina's re-entry to the Visa Waiver Program, which is expected to take up to three years before Argentine passport holders can travel without a visa to the United States, was announced Monday by Homeland Security Secretary Kristi Noem following meetings in Buenos Aires. "Under President Javier Milei's leadership, Argentina is becoming an even stronger friend to the United States -- more committed than ever to border security for both of our nations," said Noem. "Argentina now has the lowest visa overstay rate in all of Latin America and 25% more Argentines traveled to the United States in the first four months of this year compared to last year -- the biggest jump of any of the top international arrivals," she added. "That is why we are now taking steps to allow Argentina back into the Visa Waiver Program." While Argentina was removed from the Visa Waiver Program in 2002, Monday's intent to reinstate the country shows a growing support between the two nations and between President Donald Trump and Milei. The Argentine government called Monday's signing a "clear demonstration of the excellent relationship" between President Milei and Trump. Last week, a report from J.P. Morgan found a "deep and surprising" recovery in Argentina's economy under Milei, as the country's president has managed to lower inflation, secure fiscal balance and strengthen foreign reserves. Noem signed the agreement along with Argentine Foreign Minister Gerardo Werthein and Argentine Minister of National Security Patricia Bullrich. "This statement of intent I signed alongside Minister Werthein and Minister Bullrich highlights our strong partnership with Argentina and our mutual desire to promote lawful travel while deterring threats," Noem said. "This kind of diplomatic leadership, spearheaded by President Trump, will help increase the safety of both countries." The Visa Waiver Program requires Argentina meet strong security requirements before final reinstatement, including revised travel policies, enhanced border security and data sharing. The U.S. Visa Waiver Program allows citizens from certain counties to travel to the United States for business or pleasure for up to 90 days without needing a visa. More than 40 countries, including in Europe and Asia, are already part of the program. Argentina's inclusion could benefit the country, politically and economically, and raise its global standing. Copyright 2025 UPI News Corporation. All Rights Reserved.
Business Insider
a day ago
- Business
- Business Insider
J.P. Morgan downgrades Bilibili, Inc. Class Z (9626) to a Hold
J.P. Morgan analyst downgraded Bilibili, Inc. Class Z to a Hold today and set a price target of HK$185.00. The company's shares closed last Friday at HK$184.80. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bilibili, Inc. Class Z with a HK$201.50 average price target. The company has a one-year high of HK$238.80 and a one-year low of HK$98.90. Currently, Bilibili, Inc. Class Z has an average volume of 5.21M.
Business Insider
a day ago
- Business
- Business Insider
Netease Inc (9999) was downgraded to a Hold Rating at J.P. Morgan
In a report released today, from J.P. Morgan downgraded Netease Inc to a Hold, with a price target of HK$220.00. The company's shares closed last Friday at HK$213.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Currently, the analyst consensus on Netease Inc is a Moderate Buy with an average price target of HK$228.60. The company has a one-year high of HK$222.80 and a one-year low of HK$116.00. Currently, Netease Inc has an average volume of 7.07M.
Business Insider
2 days ago
- Business
- Business Insider
FOOD & LIFE COMPANIES (SGLOF) Initiated with a Buy at J.P. Morgan
J.P. Morgan analyst Ami Terai initiated coverage with a Buy rating on FOOD & LIFE COMPANIES on July 25 and set a price target of Yen8,500.00. The company's shares closed last Tuesday at $17.82. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Terai is a 2-star analyst with an average return of 2.6% and a 16.67% success rate. Terai covers the Consumer Cyclical sector, focusing on stocks such as Skylark Holdings Co, MonotaRO Co, and ZOZO. FOOD & LIFE COMPANIES has an analyst consensus of Strong Buy, with a price target consensus of $52.17. Based on FOOD & LIFE COMPANIES' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $104.67 billion and a net profit of $5.74 billion. In comparison, last year the company earned a revenue of $90.46 billion and had a net profit of $4.02 billion
Yahoo
4 days ago
- Business
- Yahoo
Goldman, J.P. Morgan scale back ECB rate cut views on resilient economy, potential EU-US deal
(Reuters) -Goldman Sachs and J.P. Morgan downsized their expectations for further rate cuts by the European Central Bank a day after the central bank kept rates steady, pointing to a resilient economy and hopes that a European Union-U.S. tariff deal was on the cards. In notes dated July 24, Goldman said it no longer expects the ECB to deliver a rate cut this year, while J.P. Morgan has pushed its rate-cut forecast to October from September previously. On Thursday, the ECB held policy rates unchanged at 2% after having cut interest rates eight times since June 2024. "We are in this wait-and-watch situation," ECB President Christine Lagarde told a press conference, adding that the economy was now in a "good place". Lagarde's comments suggest "that the Governing Council will likely hold rates unless the outlook deteriorates materially," analysts at Goldman Sachs wrote. The outcome of EU-U.S. trade talks remains uncertain, but two diplomats with inside information say a deal that includes a broad 15% tariff on EU goods is likely. Earlier this month, Trump had threatened to impose 30% tariffs on EU imports starting August 1. On the other hand, Bank of America, Barclays, Citigroup, Deutsche Bank and Morgan Stanley have reiterated their expectations for a September rate cut, though some of them warned of risks to their calls. "The risks to that view(a September rate cut) have clearly increased," analysts at Morgan Stanley said in a note. "In case data were to come in stronger than we expect, we think the ECB could extent the current hold into December." Money markets show traders are unsure about another ECB rate cut this year, attaching about a 30% chance of a drop below the current 2% level by the end of December. 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
