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☆ UBS says it sees positive client flows this quarter
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland, January 27, 2017. REUTERS/Arnd Wiegmann/File PhotoZURICH, Sept 20 (Reuters) - UBS Group (UBSG.S) is seeing positive flows of client funds this quarter, the co-head of the Swiss bank's wealth management business said on Tuesday. The first quarter had been pretty strong and it viewed the slowdown in the second quarter as an "anomaly", Iqbal Khan told the BofA Global Research financials conference. "As of this quarter we are seeing positive flows," he said without being specific. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Michael Shields, editing by Rachel More and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
☆ Take-Two confirms GTA VI leak, says game development unaffected
  + stars: | 2022-09-19 | by ( Nivedita Balu | ) www.reuters.com   time to read: +2 min
REUTERS/Andrew Kelly/File PhotoSept 19 (Reuters) - Take-Two Interactive Software Inc (TTWO.O) on Monday confirmed that a hacker had leaked the early footage of Grand Theft Auto VI, the next installment of the best-selling videogame. The company, however, said it did not expect the incident to affect the game's development, helping its shares pare some of their losses from a 6% drop in premarket trading. We have already taken steps to isolate and contain this incident," Take-Two said in a statement. "The leaked footage simply confirms existing market rumors on the game's development that have been circulating for years," Benchmark analyst Mike Hickey said. "We are incrementally more confident the game can release in FY25 and provide a significant catalyst for revenue and profit growth."
☆ Take-Two shares fall after reported leak of GTA VI gameplay footage
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +2 min
Grand Theft Auto The Trilogy by Take-Two Interactive Software Inc is seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022. The unprecedented leak included dozens of videos showing robberies, gunplay and open-world driving and was posted on an online message board. An admin for the message board, GTAForums, said Take-Two had asked for the copyrighted material to be taken down. "Based on what we see, the game is further along than many believe and (the leak) won't impact game reception/sales," Jefferies analysts said. GTA VI is estimated to generate bookings of $3.5 billion at launch and an annual average of $2 billion thereafter, according to BofA Global Research.
☆ Oil prices will average $100 a barrel next year as demand rebounds in China and falling Russian output keeps global supplies tight, Bank of America says
  + stars: | 2022-09-19 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +3 min
Oil will average $100 a barrel in 2023 as demand in Asia bounces back and Russian output eases, BofA says. A slowdown in oil demand this year stems from expectations of weaker growth in the US, Europe, and Asia. The firm added that global oil inventories, ultimately, remain limited, and spare production capacity is very low. "A strong dollar has been a major headwind for global oil prices, even if commodities and FX have partially decoupled," BofA said. BofA Global ResearchThe dollar's rally against rival currencies, notably, has made fuel more expensive for other nations to purchase in local currencies.
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