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MUFG Shares Gain as Bond Strategy and Election Loom Over Tokyo Trading
Mitsubishi UFJ Financial Group's stock advanced 2.5% in Tokyo, with the bank eyeing renewed JGB purchases despite significant paper losses. Markets await Japan's election outcome and Bank of Japan policy signals.
Shell Announces Auditor Switch, Kazakhstan Investment Pause Amid Ongoing Buybacks
Shell has selected PwC as its new auditor starting in 2027 and will halt new investments in Kazakhstan due to legal disputes. The company continues its share repurchase program.
Reliance Industries Gains on Australian Beverage Acquisition Ahead of Market Reopening
Reliance Industries shares rose 0.5% to 1,450.80 rupees Friday after its consumer unit acquired a majority stake in Australia's Goodness Group Global. The stock remains 10% below its 52-week high.
China Mobile A-Shares Dip as BeiDou Satellite Service and Tax Hike Weigh on Telecom Outlook
China Mobile's A-shares edged lower ahead of the weekend, with investors eyeing the rollout of BeiDou satellite messaging and potential margin pressure from a higher VAT rate on telecom services.
Bank of China A Shares Dip Amid Former Executive's Party Expulsion
Bank of China's Shanghai-listed A shares fell 0.93% to 5.35 yuan as state media reported the expulsion of former vice president Lin Jingzhen from the Communist Party for disciplinary violations.
SAP Treasury Holdings Surpass 5% as €2.6 Billion Buyback Program Commences
SAP's treasury stock has exceeded 5% of share capital following the launch of a €2.6 billion share repurchase program. Investors are now looking ahead to the company's Integrated Report later this month.
Siemens Gains on €3 Billion Copenhagen Automated Train Contract Ahead of Quarterly Results
Siemens shares rose 2.45% to €250.50 after its Mobility unit, with partner Stadler, secured a €3 billion framework contract for 226 driverless trains in Copenhagen. The company reports Q1 earnings and holds its AGM on February 12.
CATL Gains on Sodium-Ion Battery Partnership with Changan Ahead of Earnings
CATL shares advanced 1.7% in Shenzhen as the battery maker's sodium-ion collaboration with Chanan Auto drew investor focus. Attention now turns to Monday's market reopening and the upcoming March earnings report.
L'Oréal Shares Dip Ahead of Annual Earnings Release
L'Oréal shares edged lower Friday, extending losses as investors await the cosmetics giant's 2025 annual results next week. The stock traded 319,000 shares in a tight range while the broader STOXX 600 gained.
PepsiCo Shares Approach $170 Amid Price Strategy Shift and $10B Buyback
PepsiCo stock gained 1.8% to close at $170.49, capping a week of nearly 10% gains as investors assess snack price cuts and a new $10 billion share repurchase program.
IHC Issues Phishing Alert as Shares Hold Steady Near 400 Dirhams
International Holding Company warns investors of fraudulent emails using its branding, while its stock trades flat at 399.60 dirhams. UAE equities edged higher amid focus on geopolitics and oil.