{
}
Three Huawei employees and a managing director of Forum Europe testified in court regarding alleged corrupt practices linked to lobbying efforts in Belgium. The investigation, initiated after raids in March, examines claims that Huawei bribed eight MEPs in 2021 for support on 5G technology, with total arrests now reaching eight suspects. Despite the evidence, the EU’s anti-fraud office will not pursue the case, while the European Parliament has suspended Huawei lobbyists.
Barclays has lowered its price target for Dow Inc. to $38 from $44 while maintaining an equal-weight rating. Dow specializes in manufacturing and marketing a range of products, with net sales primarily from basic plastics (50.7%), elaborate plastics (27.6%), and performance chemicals (20%). Geographically, sales are distributed across the U.S. and Canada (38.2%), Europe/Middle East/Africa/India (32.5%), Asia/Pacific (17.9%), and Latin America (11.4%).
Amidst a complex geopolitical landscape, the EU is grappling with its relationship with China, particularly in the electric vehicle sector, where an anti-subsidy investigation has been launched against Chinese automakers. The Huawei corruption scandal has further strained ties, leading to increased scrutiny and calls for bans on its devices in EU institutions. Despite these tensions, China remains a significant trading partner for the EU, with a trade surplus that raises concerns about dependency and influence.
Alvaro del Castano has been appointed co-head of Goldman Sachs Group Inc.'s business in Iberia, overseeing operations in Spain and Portugal. This promotion may signal the end of his role as a political op-ed writer critical of the current Spanish government. Del Castano has been with Goldman Sachs since 1993 and also leads private wealth management for the region.
Novo Banco has appointed Carmen Goncalves, a former director at Lloyds Banking Group, as chief risk officer following the dismissal of her predecessor for alleged misconduct. Goncalves, who has extensive experience in enterprise risk management, was previously head of Global Risk Management at Novo Banco since December. The bank is preparing for a significant IPO, with CEO Mark Bourke re-elected until 2028.
UBS has added Euronext NV to its "30 for 30" global equity focus list, citing its potential to benefit from increased European trading volumes and volatility. The investment bank highlights Euronext's strong financial performance, with a 15.1% rise in adjusted EBITDA in 3Q24, and its strategic initiatives aimed at achieving over 5% revenue and EBITDA growth through 2027. Bank Mandiri was removed from the list due to ongoing margin pressures in Indonesia.
UBS has added Euronext NV to its "30 for 30" global stock list, replacing Bank Mandiri, citing Euronext's potential to benefit from a recovery in European trading volumes and its strong financial performance, with a 15.1% increase in adjusted EBITDA in Q3 2024. The investment bank highlights Euronext's attractive valuation and growth initiatives, while noting risks related to market volatility and regulation. Other companies on the list include Microsoft, Alibaba, Meta Platforms, and Goldman Sachs, reflecting a focus on technology disruptors in rapidly transforming sectors.
London ranks last among major European cities for 5G service quality, attributed to limited spectrum availability, insufficient investment, and the impact of the Huawei ban. The UK's piecemeal spectrum auction process and reliance on outdated infrastructure have hindered the rollout, leading to a lack of perceived value in 5G. Experts emphasize the need for early spectrum allocation and strategic planning for future 6G development to avoid repeating past mistakes.
UBS has downgraded Air France-KLM to "Neutral" from "Buy," lowering the price target to €11.45 due to challenges including €160 million in expenses from the Paris Olympics and operational issues at KLM. Despite a strong fourth quarter limiting the full-year operating profit decline to €0.1 billion, the airline's current valuation reflects these difficulties. Additionally, Air France-KLM has proposed a €300 million takeover of Air Europa, assuming its €475 million debt, while also expressing interest in TAP Portugal, contingent on favorable terms.
A corruption investigation has revealed that Huawei's lobbyists allegedly funneled tens of thousands of euros to members of the European Parliament in exchange for political support. Key suspect Valerio Ottati is accused of orchestrating the scheme, which involved bribing up to 15 MEPs to sign a letter against excluding Huawei from 5G networks. Following police raids, Huawei representatives are now barred from the European Parliament, and its membership in the industry group Digital Europe has been suspended.
PRT
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
huawei employees testify in bribery investigation involving european parliament members
17:00 03.04.2025
barclays lowers dow inc price target to thirty eight dollars
United States Dollar
Barclays PLC
EGY
POL
CAN
ITA
BHR
TUR
SWE
IND
FRA
NOR
IRL
KOR
GRC
IRN
DEU
SAU
CHL
PER
DNK
CHE
LBN
JOR
ZAF
FIN
BEL
GBR
PAK
COL
RUS
IDN
PHL
ESP
NLD
PRT
MYS
ISR
JPN
HUN
AUT
IRQ
SGP
SYR
HKG
AFG
QAT
OMN
ARE
THA
MEX
ROU
KWT
BRA
ARG
CHN
NZL
AUS
CZE
TWN
VNM
USA
Show more
12:03 01.04.2025
China EU relations face challenges amid economic pragmatism and political tensions
01:20 29.03.2025
goldman sachs promotes alvaro del castano amid political op ed controversy
15:54 28.03.2025
novo banco appoints former lloyds director as chief risk officer
British Pound Sterling
Novo Banco SA
Ahli United Bank K.S.C.P. BANK
Lloyds Banking Group plc
GBR
KWT
PRT
Mark Bourke
Carmen Goncalves
Carlos Brandao
Show more
15:45 27.03.2025
Euronext joins UBS global equity focus list amid strong growth prospects
15:06 27.03.2025
ubs adds euronext to global stock list amid positive growth outlook
Euro
Euronext N.V.
Microsoft Corp
The Goldman Sachs Group, Inc.
PT Bank Mandiri (Persero) Tbk
Meta Platforms, Inc.
IDN
FRA
NOR
IRL
PRT
ITA
BEL
Sacha Holderegger
Hartmut Issel
Show more
15:04 27.03.2025
london struggles with poor 5g service due to investment and spectrum issues
British Pound Sterling
Nokia Oyj
ERICSSON - CLASS B
Vodafone Group PLC
GBR
PRT
USA
Mohamed-Slim Alouini
Show more
10:30 25.03.2025
ubs downgrades air france klm amid operational challenges and rising costs
06:14 25.03.2025
huawei bribery scheme exposed in european parliament investigation
18:00 24.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Central Bank Actions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Finance Mergers & Acquisitions
Government Economic Policies
Inflation and Monetary Impact
Industry Mergers & Acquisitions
CEO Changes
Domestic Politics
Market Analysis and Predictions
Government Policies
Workplace Trends
Supply Chain Management
GDP Growth & Recession Forecasts
Countries:
Companies:
Tesla, Inc.
Apple Inc.
Barclays PLC
JPMorgan Chase & Co.
Deutsche Bank Money Market PP
Credit Suisse Strategic Income I
The Goldman Sachs Group, Inc.
SpaceXCoin USD
Berkshire Hathaway Inc.
Bank of America Corporation
UBS Group AG
BNP Paribas SA
Banco Santander, S.A.
Lloyds Banking Group plc
Bank Frick AG
NVIDIA Corporation
Jenoptik AG
Air France-KLM
Citigroup Inc.
Amazon.com, Inc.
Currencies:
United States Dollar
Euro
Swiss Franc
Japanese Yen
British Pound Sterling
Indian Rupee
Chinese Yuan
South Korean Won
Canadian Dollar
Vietnamese Đồng
Australian Dollar
Thai Baht
Indonesian Rupiah
Singapore Dollar
Mexican Peso
Hong Kong Dollar
Offshore Chinese Yuan
New Zealand Dollar
Cambodian Riel
Myanmar Kyat
People: