Latest news with #Russian-affiliated
Yahoo
15-05-2025
- Business
- Yahoo
This Trading App Just Minted Billions -- EToro IPO Pops 42% on Day One
EToro (NASDAQ:ETOR) just kicked the IPO market back into gear. Shares of the retail trading platform surged as much as 42% in its first day of trading, following an upsized $620 million offering that priced well above expectations at $52 per share. By midday Wednesday, the stock was trading around $72, pushing EToro's market cap close to $6 billion and nearly $7 billion on a fully diluted basis. Demand was hot. The offering was reportedly over 20x subscribed, and the company boosted the size from 10 million to nearly 12 million shares to meet investor appetite. This wasn't a quiet entry. Heavyweights including BlackRock signaled interest in scooping up $100 million worth of shares at the IPO price, according to filings. The deal was led by Goldman Sachs, Jefferies, UBS, and Citigroup another sign that institutional players are getting behind this new crop of tech-forward public debuts. EToro, founded in 2007, lets users trade stocks, crypto, and mimic top investors on its social-investing platform. The company had previously aimed to go public via SPAC at a $10.4 billion valuation but hit pause. It's now re-emerging into a market that's slowly thawing after tariff-driven IPO delays earlier this year. EToro's 2024 numbers gave investors more than just momentum to chase. The company reported $787 million in net contribution and $192 million in net income a massive jump from just $15.3 million in profits the year before. The listing isn't without caveats. Sanctions are currently blocking Russian-affiliated SBT Venture Fund from exercising voting rights or receiving shares. Still, the blowout debut could mark a shift: retail trading, fintech, and IPOs might all be staging a comeback and EToro is leading that charge. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Russia Today
02-05-2025
- Politics
- Russia Today
‘Russophobia' behind Romania's expulsion of RT reporter – Tara Reade (VIDEO)
The recent detention and deportation of RT correspondent Chay Bowes from Romania highlights growing 'Russophobia' in the West, particularly in Western media, according to Tara Reade, an RT contributor and a former US Senate aide. The incident 'says volumes' about Romania's upcoming presidential election, Reade claimed, and questioned why the country would prevent international observers from attending. Bowes, an Irish journalist and EU citizen, was detained on Thursday after arriving in Bucharest to cover the election re-run, but was later deported to Istanbul. According to Bowes, Romanian authorities labeled him 'a security threat' – a notion Reade said she finds alarming. 'I'm shocked that they have detained him… what does Romania have to hide? It makes you wonder, what is going on,' Reade said, speaking to RT on air following the news of Bowes' detention. She tied the move to what she described as 'Russophobia' and efforts by Western governments to suppress Russian-affiliated voices. 'Russophobia has now spread so much to Western media, and has fueled this fear of any kind of journalist that might even work for [Russia]… It's seeped through to every fabric of international conversations… it's ridiculous, the Russophobia,' she said, calling the trend 'really concerning, because we are living in a multipolar world and there's no room for Russophobia anymore.' Romania's presidential election re-run was ordered after last year's results were annulled over alleged violations. NATO critic Calin Georgescu won the first round, but the Constitutional Court invalidated the result, citing campaign irregularities and accusations of Russian interference – claims Moscow has denied. It later emerged that the controversial campaign in question had been funded not by Moscow, but by Romania's pro-EU National Liberal Party, which was reportedly targeting a rival but inadvertently boosted Georgescu instead. The re-run is set for May 4 and May 18.
Toronto Star
26-04-2025
- Politics
- Toronto Star
‘It's not right': Merch associated with Russian mercenary group listed for sale on Walmart Canada Marketplace website
Ukrainian Canadians are frustrated after finding merch items with the logo of a Russian-affiliated private military group up for sale on the Walmart Canada Marketplace website. Iryna Chabanenko, a Ukrainian immigrant living in Winnipeg, came across the listings for a Wagner Group-branded flag and t-shirt from a post in a Facebook group for Ukrainian Canadians in that city. Many in the comments under the post were complaining about the fact these items were up for sale on a website associated with a major Canadian retailer, Chabanenko recounted to the Star.
Yahoo
16-04-2025
- Business
- Yahoo
Trump extends US sanctions on Russian ships for another year
U.S. President Donald Trump has extended sanctions on Russian and Russian-affiliated vessels, according to a U.S. Federal Register document released on April 15 and scheduled for publication on April 17. Trump has with both Ukraine and Russia as U.S.-led ceasefire negotiations drag on, White House Press Secretary Karoline Leavitt told reporters on April 11. Trump earlier signed an executive order extending sanctions against Russia for one year, originally imposed by former U.S. President Joe Biden in April 2021. "I am continuing for one year the national emergency with respect to the Russian Federation and the emergency authority relating to the regulation of the anchorage and movement of Russian-affiliated vessels to United States ports," the document . On April 9, a bipartisan group of U.S. senators to heighten the enforcement of sanctions against Russia's so-called "shadow fleet" of oil tankers, seeking to crack down on oil revenues that fund Russia's war against Ukraine. "Russia is continuing its malign actions by operating a 'ghost fleet' to evade U.S. sanctions, enrich its own war machine, and even aid Iranian oil smuggling," one of the sponsors of the bill, Republican Senator Joni Ernst, said. On April 10, President Volodymyr Zelensky announced a targeting Russia's 'shadow fleet." The "shadow fleet" aims to circumvent sanctions imposed against Russia and continue flows of oil revenue to Moscow. "(The sanctions) target, in particular, the shadow tanker fleet that uses to finance the war; war propagandists — those who are trying to undermine our defense and help Russia; and also certain officials — these are names well known to all Ukrainians — who used to have influence," Zelensky said. Read also: Trump's Ukraine peace push is really about business — and Putin knows it We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Yahoo
16-04-2025
- Politics
- Yahoo
Trump extends ban on Russian ships entering US ports for another year
US President Donald Trump has extended for another year the ban on Russian-affiliated vessels entering American ports. Source: a document published in the US Federal Register by the White House Details: The document states that the national emergency regarding Russia was declared on 21 April 2022 under the administration of then-President Joe Biden. The current extension was signed on 15 April 2025. The decree also notes that the policies and actions of the Russian government continue to pose a threat to the national security of the United States. Background: Trump extended the sanctions imposed by Biden against Russia in 2021. Support Ukrainska Pravda on Patreon!
