Philippine annual inflation accelerated to a three-year high in April, as a surge in fuel prices triggered by the Middle East conflict raises the chance of more policy tightening. Consumer prices rose 7.2 per cent last month, the statistics agency said on Tuesday, the highest since March 2023. That was above the 5.5 per cent median forecast in a poll of economists. The April print also breached...
Philippine annual inflation accelerated to a three-year high in April, as a surge in fuel prices triggered by the Middle East conflict raises the chance of more policy tightening. Consumer prices rose 7.2 per cent last month, the statistics agency said on Tuesday, the highest since March 2023. That was above the 5.5 per cent median forecast in a poll of economists. The April print also breached the central bank’s forecast range of 5.6 to 6.4 per cent for the month. Emilio Neri, lead economist...
(RTTNews) - ANZ New Zealand (ANZ.AX, AN3PG.AX) announced that the High Court of New Zealand awarded summary judgement against the company in relation to the New Zealand Credit Contracts and Consumer Finance Act 2003 class action proceedings served on the company in September 2021
(RTTNews) - ANZ New Zealand (ANZ.AX, AN3PG.AX) announced that the High Court of New Zealand awarded summary judgement against the company in relation to the New Zealand Credit Contracts and Consumer Finance Act 2003 class action proceedings served on the company in September 2021
Apple’s Q2 earnings report gave Wall Street a lot to like. Bank of America analysts were all praise for the Cupertino giant’s performance, giving them enough confidence to raise their price target to $330 (18% higher than current prices), while keeping a buy rating. Q2 was another massive ...
Apple’s Q2 earnings report gave Wall Street a lot to like. Bank of America analysts were all praise for the Cupertino giant’s performance, giving them enough confidence to raise their price target to $330 (18% higher than current prices), while keeping a buy rating. Q2 was another massive ...
Tesla CEO Elon Musk has projected confidence that the European Union will soon green-light the carmaker's "Full Self-Driving" (FSD) system, but emails from some European regulators show marked skepticism toward the technology and its stated safety benefits. Tesla's "FSD (Supervised)" technology got the nod from Dutch road regulator RDW in April. RDW is now seeking EU approval for FSD, with a key ...
Tesla CEO Elon Musk has projected confidence that the European Union will soon green-light the carmaker's "Full Self-Driving" (FSD) system, but emails from some European regulators show marked skepticism toward the technology and its stated safety benefits. Tesla's "FSD (Supervised)" technology got the nod from Dutch road regulator RDW in April. RDW is now seeking EU approval for FSD, with a key committee hearing scheduled for Tuesday.
Fresenius Medical Care AG posted lower-than-expected quarterly profit as persistently weak treatment growth in the US weighed on the German dialysis company. First-quarter net income rose to €251 million ($293 million) on an adjusted basis, the company said Tuesday , below the average analyst estimate of €256 million. Revenue also missed expectations. Since the Covid-19 pandemic, Fresenius Medical...
Fresenius Medical Care AG posted lower-than-expected quarterly profit as persistently weak treatment growth in the US weighed on the German dialysis company. First-quarter net income rose to €251 million ($293 million) on an adjusted basis, the company said Tuesday , below the average analyst estimate of €256 million. Revenue also missed expectations. Since the Covid-19 pandemic, Fresenius Medical has been grappling with elevated mortality among its vulnerable US patient population, which has weighed on earnings. Chief Executive Officer Helen Giza , who took over at the end of 2022, has responded with divestments and a cost-cutting program targeting €1.2 billion in savings by the end of next year. In the first quarter, the program has delivered €50 million in savings, partly by exiting 64 clinics in the US. While savings have propped up performance, the company continues to face pressure in its key US business. Same-market treatment growth in the US, a metric closely watched by analysts, declined 0.4% in the first quarter. The company is hoping for an improvement in the treatment segment with the US roll-out of its 5008X dialysis machine, which is already widely used in Europe. Quarterly revenue was weighed down by currency effects, while earnings were supported by cost savings and favorable pricing in the Care Delivery unit. The Care Enablement division, which supplies dialysis machines and technical services, continued to face pressure in China. Fresenius Medical confirmed its guidance for this year of broadly flat revenue growth and operating income remaining on a consistent level.
(RTTNews) - Dexus (DXS.AX), an Australasian real asset group, reported Tuesday that its office occupancy by income in the March quarter increased sequentially, and was well above the market average. Meanwhile, industrial occupancy declined from the preceding quarter.
(RTTNews) - Dexus (DXS.AX), an Australasian real asset group, reported Tuesday that its office occupancy by income in the March quarter increased sequentially, and was well above the market average. Meanwhile, industrial occupancy declined from the preceding quarter.
Exclusive: Worker pointed to Iran war and Pentagon’s Anthropic feud as indications the department is ‘not a responsible partner’ Workers developing Google ’s artificial intelligence products in the UK have voted to unionize, in part out of concerns about a deal between the company and the US military that was announced last week. In a letter slated to go to management on Tuesday and shared exclusi...
Exclusive: Worker pointed to Iran war and Pentagon’s Anthropic feud as indications the department is ‘not a responsible partner’ Workers developing Google ’s artificial intelligence products in the UK have voted to unionize, in part out of concerns about a deal between the company and the US military that was announced last week. In a letter slated to go to management on Tuesday and shared exclusively with the Guardian, workers at Google DeepMind , the company’s AI research laboratory, requested recognition of the Communication Workers Union and Unite the Union as joint representatives of the lab’s UK-based staff. Continue reading...
Getty Images Capex is rising sharply, but demand remains constrained, and the valuation tells a different story. I last covered Microsoft Corporation ( MSFT ) with the argument that the market is too focused on near-term margin pressure and not enough on the long-term demand for compute, data, and enterprise software. After the Q3 earnings release, this debate has only intensified. Going into the ...
Getty Images Capex is rising sharply, but demand remains constrained, and the valuation tells a different story. I last covered Microsoft Corporation ( MSFT ) with the argument that the market is too focused on near-term margin pressure and not enough on the long-term demand for compute, data, and enterprise software. After the Q3 earnings release, this debate has only intensified. Going into the print, the question was mainly around the scale of the required capex, margin pressure resulting from this, and the risk of overbuilding capacity. Although Microsoft did better than expected on most metrics in Q3 FY26, guidance on quarterly revenue and operating margin fell short of Wall Street expectations. What’s more, the forecast for 2026 capital expenditures was well ahead of consensus. To me, this framing misses the point. What we are seeing is not a deterioration in fundamentals but a temporary mismatch between costs and revenues. Microsoft is investing aggressively in AI infrastructure today, while the monetization curve is still developing. I therefore continue to view the current debate as one of timing rather than value, and, in my view, that creates an opportunity at current levels. What Actually Mattered Koyfin Although Q3 capex was down sequentially, it remains extremely elevated at approx. 37% of revenues, up ~61% YoY. Importantly, around 20% of this capex increase is due to higher component costs, while the remaining part is from actual capacity expansion. In addition, approx. 2/3 is spent on short-lived AI assets (e.g., GPUs/CPUs) and 1/3 on long-lived infrastructure. This split matters because it implies a potential faster depreciation and more immediate impact on margins. I agree that these are massive spendings, but I also think that it is important to put this into perspective. Microsoft continues to operate under capacity constraints, as management mentioned during the Q3 call. This means Microsoft could sell more AI and cloud services today if it had ...
Getty Images Capex is rising sharply, but demand remains constrained, and the valuation tells a different story. I last covered Microsoft Corporation ( MSFT ) with the argument that the market is too focused on near-term margin pressure and not enough on the long-term demand for compute, data, and enterprise software. After the Q3 earnings release, this debate has only intensified. Going into the ...
Getty Images Capex is rising sharply, but demand remains constrained, and the valuation tells a different story. I last covered Microsoft Corporation ( MSFT ) with the argument that the market is too focused on near-term margin pressure and not enough on the long-term demand for compute, data, and enterprise software. After the Q3 earnings release, this debate has only intensified. Going into the print, the question was mainly around the scale of the required capex, margin pressure resulting from this, and the risk of overbuilding capacity. Although Microsoft did better than expected on most metrics in Q3 FY26, guidance on quarterly revenue and operating margin fell short of Wall Street expectations. What’s more, the forecast for 2026 capital expenditures was well ahead of consensus. To me, this framing misses the point. What we are seeing is not a deterioration in fundamentals but a temporary mismatch between costs and revenues. Microsoft is investing aggressively in AI infrastructure today, while the monetization curve is still developing. I therefore continue to view the current debate as one of timing rather than value, and, in my view, that creates an opportunity at current levels. What Actually Mattered Koyfin Although Q3 capex was down sequentially, it remains extremely elevated at approx. 37% of revenues, up ~61% YoY. Importantly, around 20% of this capex increase is due to higher component costs, while the remaining part is from actual capacity expansion. In addition, approx. 2/3 is spent on short-lived AI assets (e.g., GPUs/CPUs) and 1/3 on long-lived infrastructure. This split matters because it implies a potential faster depreciation and more immediate impact on margins. I agree that these are massive spendings, but I also think that it is important to put this into perspective. Microsoft continues to operate under capacity constraints, as management mentioned during the Q3 call. This means Microsoft could sell more AI and cloud services today if it had ...
UniCredit SpA posted its highest quarterly profit ever, strengthening Chief Executive Officer Andrea Orcel just before his takeover bid for Commerzbank AG will be submitted to the target’s investors. Net income in the period increased 16% from a year earlier to €3.22 billion ($3.76 billion), according to a statement Tuesday. That beat the average analyst estimate of €2.68 billion. The bank also sa...
UniCredit SpA posted its highest quarterly profit ever, strengthening Chief Executive Officer Andrea Orcel just before his takeover bid for Commerzbank AG will be submitted to the target’s investors. Net income in the period increased 16% from a year earlier to €3.22 billion ($3.76 billion), according to a statement Tuesday. That beat the average analyst estimate of €2.68 billion. The bank also said it expects profit to be at least €11 billion this year. The bottom line was boosted by higher revenue, driven by increased fee income and dividends from the bank’s equity investments that more than tripled. The results give a boost to Orcel as he seeks to gain control of Commerzbank through a offer set to start as soon as Tuesday. The executive has been targeting the German lender since September 2024, when he first disclosed a stake in the German lender, which he subsequently expanded to just under 30%. The German government, which owns 12% in Commerzbank, is strongly opposed to the deal. The bank’s management has rebuffed Orcel’s approach as well. A deal would turn UniCredit into a major force in Europe’s largest economy. Read More: Orcel Takes the Gloves Off in Europe’s Biggest Banking Takeover Structured with little to no premium, the bid aims to lift UniCredit’s holding just above the 30% threshold that triggers a mandatory offer, without immediately securing full control. This structure would allow the bank to increase its stake on the open market without having to launch a new bid. UniCredit’s CET1 ratio declined to 14.2% at the end of March, compared with 14.7% in the previous quarter. The lender said earlier this year it expects the ratio to be boosted by 56 basis points in the third quarter as it is set to receive regulatory approval to hold less capital for risks at the insurance businesses. Orcel has been reviewing outsourcing contracts for services such as custody, payments, asset management and insurance to reduce costs and improve services. Operating costs...
Earnings Call Insights: Paymentus Holdings, Inc. (PAY) Q1 2026 Management view "We had a tremendous start of 2026 with record revenue and a strong growth exceeding our CAGR model across all key metrics" (Chairman, President & CEO Dushyant Sharma), and management said the quarter included an "important product launch" it believes "will transform how service providers interact with their customers."...
Earnings Call Insights: Paymentus Holdings, Inc. (PAY) Q1 2026 Management view "We had a tremendous start of 2026 with record revenue and a strong growth exceeding our CAGR model across all key metrics" (Chairman, President & CEO Dushyant Sharma), and management said the quarter included an "important product launch" it believes "will transform how service providers interact with their customers." Sharma highlighted reduced sensitivity to energy-driven volatility, stating, "the impact of elevated energy price index on our numbers has been materially reduced," and tied the Q1 outperformance to greater visibility: "this outperformance is not just about 1 quarter... it actually gives us confidence and additional visibility for the rest of the year." "We continued our strong momentum in the first quarter with robust bookings and a very substantial pipeline" (Chairman, President & CEO Sharma), alongside new client signings across utilities, insurance, telecommunications, government agencies, property management, consumer finance, banking, education, and healthcare, plus channel partners in education and telecommunications. "We delivered a strong start to the year with the first quarter results that came in much stronger than we had anticipated, driven by a higher transaction activity from both new and existing billers" (Senior VP, CFO & Principal Accounting Officer Sanjay Kalra), adding that Q1 produced "a record for the company" on Rule of 40 and that growth rates for transactions, revenue, and contribution profit "accelerated in Q1 2026." On the new product category, Sharma said, "today we announced that we are establishing a new category, AI-native Service Commerce," and described the launch of "Billeo" with components including "BillWallet" and "AI360," with Sharma emphasizing, "All patent families referenced have granted patents in the U.S. and some international jurisdictions, with additional patent applications pending." Outlook Management issued Q2 2026 guidance ...