🚨 "Polar Lithium" is exploring the export of its products, noting strong demand in China, according to TASS. The company plans to commence construction of a mining and processing plant at the Kolmozerskoye deposit in mid-2026, with the earliest launch date set for 2028, as stated by the CEO.
📈 UBS Global Wealth Management has raised its year-end target for the S&P 500 to 6,000 from 5,800. The firm anticipates that the index will reach 6,400 by June 2026.
This media is not supported in your browser
VIEW IN TELEGRAM
🎥 San has released a video featuring Trump's crypto dinner.
🚢 Sovcomflot reported a net loss of $393 million for the first quarter, a stark contrast to the profit of $216 million from the same period last year. Increased sanctions against the company have complicated fleet operations, resulting in reduced revenues and idle time for a portion of the "sanctioned" vessels. For further details, visit here.
🇺🇦 A second round of negotiations between Russia and Ukraine is expected to take place next week, according to BBG.
🌎 According to BofA-EPFR data, US stocks experienced a net outflow of $1.8 billion, marking a significant shift. In Europe, stocks saw inflows for the sixth consecutive week. Japanese stocks recorded a notable outflow of $4 billion, while emerging market stocks faced their largest weekly outflow in 14 weeks. On the bond front, global bonds gained $25 billion, with emerging market bonds seeing their strongest inflow since January 2023, continuing a five-week trend. Gold faced a severe outflow of $2.9 billion, the largest since April 2013.
📈 The UWGN stock has seen an increase of 8% following yesterday's dividend distribution.
💥 The Russian stock market index OZPH has seen a rise of 2%. Today marks the release of the International Financial Reporting Standards (IFRS) for the first quarter. Additionally, the dividend announcement for the first quarter is set for May 28.
🚨 The Board of Directors of TGK-1 has announced a dividend for 2024 set at 0.00082 RUB per share. The decision regarding the state of affairs will be discussed on June 19.
📊🇷🇺 Interros has established a joint venture with Catalyst People to invest in high technology and scientific developments. The controlling stake of 50.01% is held by T-Technology, while 49.99% remains with Interros. The charter capital exceeds 100 billion rubles, and the new company’s portfolio includes a 64% stake in Tochka Bank. Experts believe this market activity may signal significant deals in the high-tech sector in the coming months, according to Interfax.
🚫 The Vietnamese government has ordered the blocking of Telegram, according to RTRS.
🇷🇺 The Russian Ministry of Economic Development is set to launch an updated support program for small and medium-sized enterprises seeking to raise capital through initial public offerings (IPOs) between 2025 and 2027. Deputy Minister Tatyana Ilyushnikova announced that the initiative aims to facilitate up to 120 placements, totaling 50 billion rubles, at a Moscow Exchange event on Friday. — RTRS