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Saudi Arabia's imports rose 7.3% year-on-year to SR222.73 billion in Q1 2025, with machinery and electrical equipment leading at SR57.40 billion. Non-oil exports also increased by 13.4% to SR80.72 billion, driven by strong demand from the UAE, China, and India, aligning with Vision 2030 goals for economic diversification.
UAE shoppers face a choice between investing in gold bars, which offer high purity and resale value, and '0% making charge' jewellery, primarily from smaller retailers. While gold prices have surged, leading retailers caution that zero making charges may compromise quality and ethics, emphasizing the importance of transparent pricing in the jewellery industry.
Germany is considering a 10% digital service tax on major tech companies like Google and Facebook, led by Chancellor Friedrich Merz. This proposal aims to address the significant revenue these firms generate in Germany while contributing minimally in taxes, aligning with a global trend of taxing digital giants. However, it may provoke international backlash, particularly from the U.S., which has threatened tariffs against countries imposing such taxes.
Turkey has secured a method to continue paying for Russian natural gas imports, utilizing Austria's Raiffeisen Banking Group after US sanctions on Gazprombank expired. This workaround allows Turkey to process payments through a subsidiary in Russia not affected by sanctions, with US approval.Additionally, Turkish Foreign Minister Hakan Fidan is set to visit Russia for talks with high-level officials, including President Vladimir Putin, focusing on enhancing bilateral relations in trade, energy, and tourism.
SSR Mining Inc. is expected to report an EPS of 0.73 for the current year, with operations in the U.S., Türkiye, Canada, and Argentina, focusing on precious metals. The company has a market cap of $2.32 billion and a current stock price of $11.42, reflecting a 1.7% increase. Analysts maintain a "Hold" rating, with an average price target of $10.03, while institutional investors hold 68.30% of the stock.
Huawei launched its Tech Carnival & Partner Summit 2025 in Tashkent, Uzbekistan, gathering over 1,500 leaders to discuss the region's digital transformation under the theme “Accelerating the Intelligent World.” Keynote speakers emphasized the importance of connectivity, computing, and cloud platforms, highlighting that every dollar invested in digital infrastructure can yield $8.3 in economic output. The event features over 50 demonstrations showcasing AI and intelligent technologies, alongside Huawei's commitment to training digital professionals through local ICT academies.
UBS has raised its target price for InterGlobe Aviation to INR 6,450 from INR 6,000, maintaining a buy rating following a strong Q4FY25 performance, where EBITDA surged 52% year-on-year to Rs 61 billion. Despite challenges like geopolitical tensions and potential contract terminations, demand for domestic travel remains robust, aided by lower fuel prices and improved operational efficiency. Analysts view any share price dips as potential buying opportunities, supported by the duopolistic nature of the Indian aviation market.
Barclays raised its price target for Mondelez International from $71 to $74, maintaining an "overweight" rating, while Evercore ISI increased its target from $67 to $70 with an "outperform" rating. Currently, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.55, with 13 buy ratings, eight holds, and one sell. Mondelez reported a quarterly EPS of $0.74, exceeding estimates, with revenues of $9.31 billion, reflecting a slight year-over-year increase.
BNP Paribas has launched a share buyback program for 2025, with a maximum amount of EUR 1.084 billion, approved by the European Central Bank. The program will run from May 19 to June 20, 2025, with shares purchased intended for cancellation. The initiative aims to enhance shareholder value and support various corporate activities.
German second-line stocks lead with a 20.62% increase, followed by commodity stocks at 10.11% and automotive sectors at 6.96%. In banking, Goldman Sachs and UBS show strong performance, with year-to-date gains of 79.8% for Societe Generale, while Sberbank faces a significant decline of 67.53%. The average performance of BSN-Group Banks stands at 23.19%.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Saudi Arabia's non-oil exports surge with UAE as top destination
06:52 31.05.2025
gold bars versus zero making charge jewellery for uae shoppers
05:28 30.05.2025
Germany proposes 10 percent digital service tax on major tech companies
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04:40 30.05.2025
Turkey Secures Austrian Bank for Russian Gas Payments Amid Sanctions Challenges
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11:43 24.05.2025
SSR Mining Inc Reports Strong Earnings Growth Amid Analyst Upgrades
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09:39 24.05.2025
Huawei Launches Tech Carnival in Uzbekistan to Drive Digital Transformation
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14:10 22.05.2025
UBS Raises InterGlobe Aviation Price Target Amid Strong Q4 Performance
06:16 22.05.2025
analysts raise price targets for mondelez international amid mixed ratings
Mondelez International Inc.
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12:05 19.05.2025
BNP Paribas announces share buyback program worth 1.084 billion euros
07:08 19.05.2025
performance trends in global stocks and banking sector analysis
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13:22 17.05.2025
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