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Saudi Aramco has issued a new prospectus for its sukuk program, indicating plans to enter the debt markets again after raising $5 billion from a bond sale. The company is responding to economic challenges and declining profits, with expectations of a significant dividend cut this year. Meanwhile, Japan's tourism sector faces a decline in domestic travel, attributed to a shrinking population and rising costs, despite a record influx of international visitors.
Gensol Engineering has defaulted on a Rs 4 crore payment to holders of its pass-through certificates (PTCs) this month, with the last successful repayment occurring in April. The company, linked to the electric mobility firm BluSmart, raised these funds through PTCs distributed to retail investors via Grip Invest.
Zerodha Capital, the non-banking finance arm of Zerodha, reported a net profit of Rs 12.5 crore for FY25, marking a 78% increase from Rs 7.2 crore in FY24. Total revenue surged to Rs 36 crore, more than doubling from Rs 17 crore the previous year, driven by its credit products, including loans against securities.
Maximus International reports a robust 26% growth in EBITDA, driven by strategic investments, with FY25 revenue reaching INR 1,568.5 million, a 44% increase from FY24. The company effectively utilized proceeds from previous fundraising, maintaining a stable debt-to-equity ratio of 0.65.
Dubai Residential REIT achieved a notable 13.64% rise on its first trading day, ranking fifth among the top Day 1 performances on the Dubai Financial Market (DFM). This follows Parkin's impressive 31.4% increase, with Dubai Taxi and Al Ansari at 18.9% and 16.5%, respectively. The REIT's performance marks a positive shift, breaking a trend of lackluster listings in recent months.
Global investors are increasingly focusing on China's leading technology and energy sectors, driven by geopolitical tensions and economic uncertainties. Notable interest is seen in electric vehicles, robotics, and renewable energy, with Chinese companies like BYD and Contemporary Amperex Technology gaining significant market shares. Despite a decline in overall foreign direct investment, specific investments in high-tech and green sectors are rising, reflecting ongoing confidence in China's innovation capabilities.
Hong Kong has launched Asia’s first ETF tracking Saudi sovereign sukuk, the Premia BOCHK Saudi Arabia Government Sukuk ETF, listed on the Hong Kong Stock Exchange. This initiative, approved by the Securities and Futures Commission, aims to enhance financial cooperation between East Asia and the Middle East, coinciding with the Capital Markets Forum focused on boosting cross-border investment.The ETF, managed by Premia Partners, includes riyal- and US dollar-denominated sukuk and offers quarterly distributions with a fee cap of 0.35%. The launch reflects Saudi Arabia's commitment to elevating its capital markets globally, aligning with its Vision 2030 strategy to attract foreign investment.
UBS, under CEO Sergio Ermotti, is leveraging artificial intelligence to enhance client engagement by allowing analysts' reports to be presented via digital avatars in video format, responding to rising demand for such content. This innovation aims to improve efficiency and address the bank's share price challenges. Meanwhile, the Swatch Group delayed publishing its Annual General Meeting minutes due to the controversial candidacy of US investor Steven Wood, prompting thorough verification of voting results.
UBS Group AG, Switzerland's major financial institution, is navigating regulatory challenges while showing strong earnings momentum and a positive growth outlook. With a market cap of $97.5 billion and a revenue growth of 9.69%, analysts anticipate that upcoming regulatory clarity in June 2025 could enhance investor confidence and drive stock performance. However, uncertainties around capital distributions may limit short-term gains despite the bank's solid operational fundamentals.
Raiffeisen Bank shares have been impacted by geopolitical turmoil and new tariff threats from the USA, leading to losses in the banking sector of 0.6% to 1.5%. Despite this, the stock has gained 39% since the start of the year, indicating underlying strength. The future performance hinges on the stabilization of global trade relations.
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Saudi Aramco plans new sukuk issuance after recent bond sale
19:13 30.05.2025
gensol defaults on bond repayment linked to bluSmart partnership
18:40 30.05.2025
Zerodha Capital reports 78 percent profit increase and revenue growth in FY25
17:46 30.05.2025
Maximus International reports strong EBITDA growth driven by strategic investments
14:31 30.05.2025
dubai residential reit achieves strong debut among top dfm listings
10:45 30.05.2025
global investors shift focus to china's tech and energy sectors
08:00 30.05.2025
Asia launches first Saudi sukuk ETF in Hong Kong to boost investment ties
United States Dollar
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06:18 30.05.2025
UBS Introduces AI Avatars for Analyst Reports Amid Share Price Concerns
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Donald Trump
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Ivan Adamovich
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07:16 25.05.2025
UBS Group AG Navigates Regulatory Challenges While Showing Growth Potential
00:20 25.05.2025
Raiffeisen Bank Shares Face Pressure Amid Geopolitical Turmoil and Market Uncertainty
20:40 24.05.2025
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