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huawei scandal implicates meps in alleged cash for influence scheme
An Italian assistant to MEP Fulvio Martusciello faces extradition to Belgium over Huawei-linked corruption charges, including money laundering and criminal association. Luciana Simeone is accused of distributing funds for MEPs to sign letters supporting 5G deployment, avoiding direct mention of Huawei. The investigation implicates several MEPs and intermediaries in a cash-for-influence scheme, with payments allegedly funneled through fake invoices.
european dividend stocks to consider for portfolio stability and income
The European market is showing signs of recovery, with the STOXX Europe 600 Index gaining modestly amid mixed economic signals. Dividend stocks like KBC Group, which has a market cap of €34.75 billion and a dividend yield of 4.7%, are highlighted for their stability and income potential, despite some financial stability risks. KBC Group's earnings growth supports its dividend sustainability, although caution is advised due to a high bad loans ratio.
Morgan Stanley announces management changes for China A Share Fund
Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
byd considers third european plant in germany amid tariff challenges
BYD is considering establishing its third European car assembly plant in Germany to enhance brand awareness, despite concerns over high labor and energy costs. Currently, the company is building two NEV plants in Hungary and Turkey, with production set to start in October 2024 and March 2026, respectively. The final decision on the new plant will depend on sales performance in Europe and the capacity utilization of existing facilities.
linklaters supports financing of bulgaria's largest photovoltaic power plant
Linklaters has facilitated a €114 million financing deal for Tenevo Solar Technologies to construct a 238 MW photovoltaic power plant in Bulgaria, marking the country's first renewable energy project exceeding 100 MW. This initiative, supported by the EBRD and Raiffeisen Bank, will operate in the free market without incentives. The project also benefits from the InvestEu guarantee, promoting sustainable investment aligned with EU standards.
KBC Group and Cognizant extend partnership to enhance IT services until 2027
KBC Group has renewed its partnership with Cognizant for IT services until 2027, enhancing customer experience and operational excellence. This collaboration, which has spanned over a decade, focuses on application development, data services, and infrastructure, emphasizing quality and cost-effectiveness. Both organizations are committed to driving innovation and achieving strategic objectives together.
Uber Technologies, Inc. operates in multiple regions, focusing on Mobility, Delivery, and Freight services. Institutional investors hold 80.24% of its stock, while analysts maintain a "Moderate Buy" rating, with a consensus target price of $90.89. Recent price targets from UBS and other firms reflect a range of $95.00 to $107.00.
FDM Group shares decline as Deutsche Bank cuts price target to 275 GBp
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.
Nordea reduces target price for Evolution while maintaining buy recommendation
Nordea has reduced its target price for Evolution AB from SEK 1,310 to SEK 1,080 while maintaining a Buy rating. Evolution specializes in developing, publishing, and marketing live casino games, operating 20 production studios across various countries, with a significant portion of net sales coming from Malta (73.4%).
deutsche bank stock analysis and investment outlook for 2023
Deutsche Bank Aktiengesellschaft has received a "Moderate Buy" rating, but top analysts recommend five other stocks as better investment opportunities. Assenagon Asset Management increased its stake by 31.7%, while other institutional investors also adjusted their holdings. The stock is currently trading at $19.46, with a 12-month range of $12.43 to $19.65.
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