Kyivstar Group ( KYIV ) priced a public offering of 12.5M shares by VEON Amsterdam B.V., the principal shareholder of the company, and certain other selling shareholders at a public offering price of $10.50 per share. The company is not selling any common shares in the offering. The underwriters have a 30-day option to purchase up to an additional 1,875,000 shares. The offering is expected to clos...
Kyivstar Group ( KYIV ) priced a public offering of 12.5M shares by VEON Amsterdam B.V., the principal shareholder of the company, and certain other selling shareholders at a public offering price of $10.50 per share. The company is not selling any common shares in the offering. The underwriters have a 30-day option to purchase up to an additional 1,875,000 shares. The offering is expected to close on February 2, 2026. More on Kyivstar Group Ltd. Kyivstar: An Overlooked GARP Opportunity Kyivstar: My Investment In The Ukrainian Telecom Sector With A 90% Gross Profit Margin Sphere Entertainment, EchoStar top communications services stocks in short interest; Atlanta Braves, IHS see lowest exposure VEON’s Kyivstar invests in Ukrainian solar power company Seeking Alpha’s Quant Rating on Kyivstar Group Ltd.
China is mulling the sale of hundreds of billions of yuan in special government bonds to recapitalize some of its largest insurers, according to people familiar with the matter, strengthening the biggest players in a sector that is under pressure to consolidate. The sale would raise about 200 billion yuan ($29 billion) to help recapitalize the insurers, said one of the people, declining to be iden...
China is mulling the sale of hundreds of billions of yuan in special government bonds to recapitalize some of its largest insurers, according to people familiar with the matter, strengthening the biggest players in a sector that is under pressure to consolidate. The sale would raise about 200 billion yuan ($29 billion) to help recapitalize the insurers, said one of the people, declining to be identified as the matter is private. The proceeds will be injected into state-controlled firms including China Life Insurance Group Co., the People’s Insurance Co. Group of China Ltd., and China Taiping Insurance Group Co., the people said. It would be the first time Beijing has used special bonds to inject capital into insurers, expanding a channel the government has previously used to capitalize big state-owned banks. The plan could be announced as early as the first quarter, one of the people said. The government also plans to inject 300 billion yuan into Industrial and Commercial Bank of China Ltd. and Agricultural Bank of China Ltd. , one of the people said. The moves would add to a similar bond sale last year that helped recapitalize several major state-owned lenders, including Bank of China Ltd. and Bank of Communications Co. The National Financial Regulatory Administration, PICC, Taiping, ICBC and AgriBank didn’t immediately respond to requests for comment. China Life declined to comment. The proposal marks an expansion in China’s use of special government debt to strengthen the largest insurers, who are now expected to assist regulators in dealing with riskier small peers, the people said. It will also bolster the capital of firms that were pushed to buy stocks when Beijing was attempting to stabilize markets last year. The plan is still under discussion and could change, the people added. Read More: China Plans Bank Capital Injections of at Least $55 Billion More than two-thirds of the 173 insurers that disclosed third-quarter numbers reported a drop in solvency ratio...
Robert Half NYSE: RHI executives pointed to improving sequential revenue trends during the fourth quarter of 2025, while acknowledging continued year-over-year declines across the company’s staffing and consulting operations. Management said enterprise revenues returned to positive sequential growth on a same-day, constant-currency basis for the first time in more than three years, and early Janua...
Robert Half NYSE: RHI executives pointed to improving sequential revenue trends during the fourth quarter of 2025, while acknowledging continued year-over-year declines across the company’s staffing and consulting operations. Management said enterprise revenues returned to positive sequential growth on a same-day, constant-currency basis for the first time in more than three years, and early January trends continued the momentum. Get Robert Half alerts: Sign Up Fourth-quarter results and cash flow For the fourth quarter of 2025, Robert Half reported global enterprise revenues of $1.302 billion, down 6% year over year on a reported basis and down 7% on an adjusted basis. Net income per share was $0.32, compared with $0.53 in the year-ago quarter. Keith Waddell, president and CEO, said the company’s revenue and earnings exceeded the midpoint of prior fourth-quarter guidance and described the company as “very well positioned” to support clients’ talent and consulting needs. Cash flow from operations totaled $183 million, which management called the highest quarterly level of 2025 and an 18% increase over the prior year’s fourth quarter. The company paid a $0.59 per share dividend in December, representing a $59 million cash outlay. Return on invested capital was 10% in the quarter. Segment performance: Talent Solutions and Protiviti CFO Michael Buckley said Talent Solutions revenue declines continued on a year-over-year basis, though sequential trends improved. On an adjusted basis, fourth-quarter Talent Solutions revenues fell 9% year over year. U.S. Talent Solutions revenues were $623 million (down 9%) and non-U.S. Talent Solutions revenues were $200 million (down 8%). The company operated Talent Solutions offices in the U.S. and 18 other countries. Buckley also noted contract Talent Solutions bill rates increased 3.2% versus a year ago (adjusted for mix, currency, and geography), compared with 3.7% growth in the third quarter. Protiviti posted fourth-quarter global ...
South African equities are on track for their longest monthly winning streak on record as optimism mounts that the powerful commodities-driven rally is poised to broaden out to other sectors. The benchmark gauge was up 8.1% in January through Thursday’s close, set for an eleventh monthly advance. Precious metals and mining stocks led gains, up 28%, followed by a gauge of industrial-metal producers...
South African equities are on track for their longest monthly winning streak on record as optimism mounts that the powerful commodities-driven rally is poised to broaden out to other sectors. The benchmark gauge was up 8.1% in January through Thursday’s close, set for an eleventh monthly advance. Precious metals and mining stocks led gains, up 28%, followed by a gauge of industrial-metal producers. But other sectors are also rising as investors bet the commodities windfall will filter through to the wider economy. Chemicals, construction and travel and leisure stocks were among the biggest gainers. Miners riding the wave of record metal prices accounted for as much as 75% of the FTSE/JSE Africa All Share Index’s gains last year, according to Brendon Hubbard , a portfolio manager at ClucasGray. The next phase of the rally hinges on whether gains spread into domestically focused stocks, which still trade at deep discounts, he said. The Johannesburg benchmark trades at a 20% discount to the MSCI emerging-markets stock index on a forward price-earnings basis. “South Africa Inc. remains relatively cheap,” Hubbard said. “When flows start moving beyond commodities into emerging markets more broadly, the banks, retailers and industrial names are the obvious next stop.” That may already be happening. South African fund managers are overweight software, real estate and retail and food companies, and see banks as the the most-preferred sector over the next 12 months, according to a survey by Bank of America. A net 78% of managers surveyed are equity bulls, up from 75% in December, with a total return of 17% seen over the next year. “What typically happens is you get first-round effects directly through mining, then second-round effects in financials and industrials, and lastly in everything else as profits and liquidity broaden out to the rest of the economy,” said Casparus Treurnicht , a portfolio manager at Gryphon Asset Management. “Even if commodity prices just stay where ...
SEOUL, Jan. 30 (Yonhap) -- Samsung SDI Co. said Friday its U.S. arm has won a battery supply contract without disclosing details, with the deal widely believed to be related to Tesla Inc.'s energy storage system (ESS) business. The South Korean battery maker said details of the agreement, including the amount, counterparty and period, are being kept confidential for business reasons and that it wi...
SEOUL, Jan. 30 (Yonhap) -- Samsung SDI Co. said Friday its U.S. arm has won a battery supply contract without disclosing details, with the deal widely believed to be related to Tesla Inc.'s energy storage system (ESS) business. The South Korean battery maker said details of the agreement, including the amount, counterparty and period, are being kept confidential for business reasons and that it will withhold further disclosure until January 2030. The latest regulatory filing followed a separate announcement made in November 2025, in which Samsung SDI hinted it had been in talks to supply battery products to Tesla. The earlier filing came in response to a request from the Korea Exchange to explain media reports that the company plans to supply batteries for Tesla's ESS business worth 3 trillion won (US$2.08 billion). "The demand for ESS is expanding significantly due to the sharp growth in the artificial intelligence industry," an industry watcher said. "It seems Samsung SDI is securing a series of agreements by demonstrating performance, safety and price competitiveness in the ESS market." This image, provided by Samsung SDI Co., shows its logo. (PHOTO NOT FOR SALE) (Yonhap) colin@yna.co.kr (END)