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Barclays has adjusted its price target for Schlumberger Limited to $53 from $54 while maintaining an overweight rating. Schlumberger, the leading provider of oil and gas exploration and production services, generates net sales primarily from well development (36.2%) and oil production equipment (32.9%), with a significant portion also from optimizing reservoir performance (19.4%) and digital solutions (11.5%). Geographically, sales are distributed across North America (18.4%), the Middle East and Asia (35.9%), Europe/CIS/Africa (26.6%), and Latin America (18.5%).
Hedge funds are rapidly selling off global tech stocks, with U.S. tech making up 75% of the net selling, particularly in semiconductors. This shift, driven by macroeconomic pressures and a bearish outlook, has reduced hedge fund exposure to the tech sector to a five-year low of 16.4%. Concerns over AI valuations and trade tariffs have further fueled the selloff, despite reassurances from Goldman Sachs about the sector's strong fundamentals.
Deutsche Bank has adjusted its price target for PepsiCo, Inc. to $170 from $174 while maintaining a Buy rating. PepsiCo is a global leader in non-alcoholic beverages and snacks, with 60% of net sales coming from North America, followed by Europe (15.1%), Latin America (12.8%), Africa/Middle East/South Asia (6.8%), and Asia/Pacific/Australia/New Zealand (5.3%). The company's diverse product range includes popular brands such as Aquafina, Gatorade, Lay's, and Doritos, with significant sales concentrated in the United States (56.3%).
Russia faces a widening budget deficit due to a strong ruble and low oil prices, with estimates suggesting it could reach 1,500 billion rubles this year. Despite a low public debt of 14.5% of GDP, the government may need to increase borrowing or tap into fiscal reserves as energy revenues decline. The geopolitical landscape remains volatile, complicating fiscal planning.
Russia faces a growing budget deficit due to a strong ruble and low oil prices, prompting potential borrowing beyond planned levels. Despite hopes for improved geopolitical relations, energy revenue declines and military spending pressures complicate fiscal stability, with the National Welfare Fund becoming a key funding source. The government maintains low public debt, allowing for increased borrowing, while officials assert that budget financing remains unaffected by exchange rate fluctuations.
Russia faces a widening budget deficit due to a strong ruble and low oil prices, prompting potential increased borrowing or use of fiscal reserves. Despite a rise in the ruble, energy revenues have declined, and the government may need to implement budget cuts if oil prices fall further. With public debt remaining low, the government has successfully raised funds through bonds, but ongoing geopolitical tensions pose risks to fiscal stability.
A strong rouble and low oil prices are expected to widen Russia's budget deficit this year, prompting increased borrowing or the use of fiscal reserves. Despite a 26% rise in the rouble against the dollar, energy revenues have fallen, leading to potential budget losses of 1-2 trillion roubles. The government, however, maintains a low public debt and has successfully raised funds through fixed coupon bonds, indicating confidence in its financial strategy.
UniCredit's Board of Directors has approved a share capital increase to facilitate a voluntary public exchange offer for all shares of Banco BPM. This decision follows the receipt of permissions from the ECB and Bank of Italy for UniCredit to acquire direct control of Banco BPM.
The MENA startup ecosystem is gaining momentum in Q1 2025, highlighted by significant funding and strategic acquisitions across various sectors. Nayla Finance raised $4 million to enhance SME lending in Saudi Arabia, while Epik Foods acquired Sauce Capital for $15 million, creating a major F&B operator. Additionally, NKN Media secured $9.5 million for global expansion, and EHC Investment fully acquired Al-Fanar Gas Group, strengthening its position in the UAE energy sector.
President Trump expressed anger at Putin's comments regarding Ukraine's Zelenskyy, threatening secondary sanctions and tariffs on Russian oil if a peace deal isn't reached. Meanwhile, Russian drones targeted Kharkiv, killing two and wounding many, as Ukraine reported intensified attacks and preparations for a new offensive by Russian forces. Zelenskyy accused Russia of prolonging the war to gain more territory.
RUS
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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