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Deutsche Bank has raised its price target for Dana Incorporated to $23 from $21 while maintaining a Buy rating. Dana specializes in power-conveyance and energy-management solutions for vehicles and machinery, offering a range of products including axles, driveshafts, and electrification components. The company operates across North America, Europe, South America, and Asia Pacific, with notable trademarks such as Spicer Electrified and Victor Reinz.
The cocoa market has seen unprecedented volatility, with prices soaring above $12,000 per metric ton in December 2024, driven by climate disruptions and supply constraints in West Africa. Speculative trading intensified this volatility, while new US tariffs on chocolate imports further strained supply chains and raised consumer prices. Major chocolate manufacturers are now facing rising ingredient costs, prompting potential price increases for consumers.
AXA, a leading European insurance group, has received approval from the EU for its sale to BNP Paribas. The company's net sales are primarily derived from damage insurance (62.7%), including car and home insurance, followed by life insurance (35.9%) and a small portion from banking activities (1.4%).
BNP Paribas, France's largest banking group, reports a net banking product (NBP) distribution of 52.1% from retail banking, 35.9% from finance and investment banking, and 11.7% from institutional and private management and insurance. By the end of 2024, the bank managed EUR 1,034.8 billion in deposits and EUR 900.1 billion in loans, with 81.3% of its NBP generated in Europe, the Middle East, and Africa.
ING Bank and Unicredit Bank have announced a EUR 200 million financing deal to support Digi Group's fiber optic network development in Spain, Portugal, and Belgium over the next five years. This investment aims to enhance Digi's infrastructure and competitiveness in the telecommunications market, where it holds significant market shares in Romania for fixed internet and pay-TV services.
ING Bank and UniCredit Bank have secured a €200 million financing deal to support DIGI Group's expansion of its fibre optic infrastructure across Europe. The five-year funding will enhance network capabilities primarily in Spain, Portugal, and Belgium, aligning with DIGI's strategy to boost competitiveness through infrastructure modernization. Both banks express their commitment to supporting DIGI's ambitious growth plans, reinforcing their long-standing partnerships.
ING Groep is set to announce its Q1 2025 earnings on May 1, with expectations of $0.46 per share and $5.74 billion in revenue. The company recently increased its semi-annual dividend to $0.6526 per share, yielding 5.1%, and has received a "Moderate Buy" rating from analysts.
RBC has maintained its price target for BNP Paribas following the bank's Q1 results. As France's largest banking group, BNP Paribas generates its net banking product primarily from retail banking (52.1%), finance and investment banking (35.9%), and institutional and private management and insurance (11.7%). By the end of 2024, the bank managed EUR 1,034.8 billion in current deposits and EUR 900.1 billion in current loans, with a geographical distribution of 81.3% in Europe/Middle East/Africa, 10% in America, and 8.7% in Asia/Pacific.
The European Commission has banned its employees from meeting with organizations linked to Huawei amid an investigation into alleged corruption involving the company. This follows a probe by Belgian authorities into payments made to Members of the European Parliament to support a letter promoting EU-China cooperation on 5G, which is now central to the investigation. The move reflects heightened concerns over foreign influence in EU policy-making, particularly in technology and cybersecurity sectors.
The European Commission has severed all ties with lobbying groups linked to Huawei amid a corruption scandal involving several lobbyists, including a senior executive from the company. This unprecedented move, supported by key parliamentary factions, may lead to Huawei's expulsion from the EU market. Additionally, the European Parliament has suspended Huawei lobbyists' access to its facilities, while discussions are underway to ban the use of Huawei devices within EU networks. Despite the company's claims of zero tolerance for corruption, its future in Europe remains uncertain.
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Deutsche Bank raises Dana price target to 23 while maintaining buy rating
15:42 01.05.2025
cocoa market volatility impacts prices and consumer behavior in chocolate industry
14:06 30.04.2025
eu approves axa investment managers sale to bnp paribas
12:18 28.04.2025
bnp paribas forecasts recession and opportunities for strategic selling
12:12 28.04.2025
ING and Unicredit finance 200 million euros for Digi fiber optic expansion
10:30 28.04.2025
ING Bank and UniCredit Bank finance DIGI Group's fibre optic expansion in Europe
09:03 28.04.2025
ing groep set to announce q1 earnings and increase dividend payout
09:10 26.04.2025
RBC Upgrades BNP Paribas Price Target Following Strong Q1 Performance
13:23 25.04.2025
European Commission bans meetings with organizations linked to Huawei
07:00 25.04.2025
EU cuts ties with Huawei amid corruption scandal and security concerns
16:05 24.04.2025
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