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VinFast, the electric vehicle unit of Vietnam's Vingroup, is set to open bookings in India this June, targeting a launch of its VF7 and VF6 models before the festival season. The company aims to ramp up annual production to 150,000 EVs, with plans to export to the Middle East and Africa, and is looking to hire up to 3,500 local employees.
Fulton Financial Co. reported quarterly revenue of $322.64 million, exceeding expectations of $315.07 million, with earnings per share of $0.52, surpassing the consensus estimate of $0.44. The company announced a quarterly dividend of $0.18 per share, yielding 4.17%, and has a dividend payout ratio of 42.35%. Analysts maintain a "Hold" rating on the stock, with a consensus price target of $20.30.
Vienna Insurance Group (VIG) aims to acquire 80% of Moldasig S.A., enhancing its market share in Moldova from 14% to approximately 30%. The Moldovan National Bank has approved VIG as a potential buyer, with VIG emphasizing its commitment to the local economy and customer focus.Polytec received a Buy recommendation from Warburg, raising its price target to EUR 4.9, while Oddo BHF rated it as Outperform at EUR 3.6. Raiffeisen Zertifikate was awarded the SPi Europe Award for Excellence 2025 as Austria's best issuer of structured products, maintaining its industry leadership.
Coller Capital has partnered with Deutsche Bank to offer the Coller Private Equity Secondaries Fund to qualified wealth management clients in Asia and select EMEA countries, managing over $40 billion in secondaries. The fund, with a minimum commitment of $50,000, provides access to liquidity in the private capital ecosystem.Meanwhile, RQI Investors launched a UCITS vehicle of its Global Value strategy, targeting UK, European, Singaporean, and Canadian investors, with an initial $50 million investment. This marks RQI's first international offering, building on a successful 16-year track record.
FDM Group shares (LON: FDM) have seen a significant decline, dropping 24.59% in early 2025 and 47.88% over the past year. Deutsche Bank has cut its price target from 360 GBp to 275 GBp while maintaining a Hold rating, reflecting cautious optimism amid a challenging market. The stock, currently trading at 239.50p, has fallen over 80% since September 2021, as it seeks support in a fluctuating environment.
Ukraine has halted Russian gas transit to Europe following the expiration of a pre-war agreement, citing national security concerns. This decision is expected to significantly impact Russia's gas market, as Europe aims to eliminate Russian gas imports by 2027. Moldova faces a humanitarian crisis as gas supplies to the breakaway region of Transnistria have been cut off, prompting emergency measures amid fears of a harsh winter.
Călin Georgescu's first-round victory in Romania's presidential election was annulled due to a massive, Russia-backed social media campaign that illegally boosted his profile. Influencers, some unaware of their involvement, were used to promote him, while investigations revealed significant financial backing for the campaign. Romanian authorities are now probing the funding sources, including a coder linked to over €1 million in donations and $7 million in cryptocurrency assets.
Moldova's energy minister engaged in discussions with Gazprom's head regarding alternative gas supply routes for the breakaway region of Transdniestria. This conversation comes amid concerns over potential disruptions in gas transit through Ukraine.
Moldova, a small former Soviet republic, is shifting towards EU integration, with a recent referendum showing 50.5% support for membership. This move has provoked pro-Russian forces, and allegations have surfaced regarding Russian interference in the election and referendum, which Moscow denies.
Bidzina Ivanishvili, a 68-year-old tycoon, has dominated Georgian politics for over a decade, with his party, Georgian Dream, holding significant power. As Georgia approaches a pivotal election on October 26, rising public discontent over the country's shift towards Russia amid tensions with the West is evident, raising concerns about Ivanishvili's influence and the future of Georgia's EU aspirations.
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VinFast to launch EV bookings in India aiming for 150000 annual production
17:07 01.06.2025
Fulton Financial Reports Strong Earnings and Announces Quarterly Dividend
09:38 24.05.2025
VIG seeks to acquire majority stake in Moldovan insurer Moldasig
14:22 19.05.2025
coller capital partners with deutsche bank to launch private equity fund
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08:35 19.05.2025
FDM Group shares decline as Deutsche Bank cuts price target to 275 GBp
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10:00 31.01.2025
ukraine halts russian gas transit to europe amid energy crisis concerns
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11:36 01.01.2025
russia backed social media campaign disrupts romania presidential election results
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12:00 09.12.2024
Moldova explores gas supply alternatives for Transdniestria amid Ukraine transit concerns
22:17 25.11.2024
moldova votes for eu membership amid russian influence and tensions
17:44 24.10.2024
ivanishvili's influence grows as georgia faces pivotal election amid tensions
04:00 24.10.2024
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