From the Australian outback to Ethiopia and the Democratic Republic of Congo, the global mining industry is beginning to feel the effects of disruption caused by the war in Iran. War-driven snarl-ups are starting to ripple through supply chains, squeezing access to key mining inputs while driving up costs to produce some of the world’s most sought-after metals. The biggest impacts are from diesel,...
From the Australian outback to Ethiopia and the Democratic Republic of Congo, the global mining industry is beginning to feel the effects of disruption caused by the war in Iran. War-driven snarl-ups are starting to ripple through supply chains, squeezing access to key mining inputs while driving up costs to produce some of the world’s most sought-after metals. The biggest impacts are from diesel, the main fuel powering heavy equipment at mine sites, as well as sulfur, used in processing about a sixth of the world’s copper. “The supply chain is breaking down,” Ivanhoe Mines Ltd. founder and co-chairman Robert Friedland told a conference in Switzerland Tuesday, warning that war’s impact on mining has barely started. So far, there hasn’t been a significant impact on global metals output because big mining companies have been able to secure supplies and absorb higher costs. But smaller producers from Africa to Australia are starting to feel the pain as the conflict drags on. The longer the war continues, the greater the risks to an industry already strained by mining outages and project delays at a time of accelerating demand for critical minerals. The Middle East accounts for about half the world’s seaborne sulfur and at least 10% of shipped diesel, according to data compiled by Goldman Sachs Group and Bank of America. Sulfur — and by extension, sulfuric acid — are vital inputs for a type of processing known as SX-EW, which accounts for 17% of copper supply, according to Goldman. If war-related upheavals intensify, it could start eroding the 23 million tons of copper mined per year in a more meaningful way and drive up already elevated metal prices even more. Futures on the London Metal Exchange are more than 40% higher than a year ago, and in January touched a record high above $14,500 a ton. Congo — the world’s No. 2 copper producer and biggest supplier of cobalt, a battery metal — is particularly exposed because most of its sulfur comes from the Middle East and its...
JuSun/iStock via Getty Images Investment Thesis The countdown begins for Advanced Micro Devices, Inc. ( AMD ) to report its highly awaited Q1 earnings on May 5 next month. Markets widely anticipate a strong acceleration in its data center business, expecting 50% growth. Rapidly evolving data center requirements have quickly tipped the forward-looking growth scale considerably in favor of data cent...
JuSun/iStock via Getty Images Investment Thesis The countdown begins for Advanced Micro Devices, Inc. ( AMD ) to report its highly awaited Q1 earnings on May 5 next month. Markets widely anticipate a strong acceleration in its data center business, expecting 50% growth. Rapidly evolving data center requirements have quickly tipped the forward-looking growth scale considerably in favor of data center CPUs, a major compute segment in AMD’s data center revenues. Surging requirements for memory and other components in scale-up networks have significantly raised the demand for data center CPUs, a trend echoed by recent compute deals AMD won. And Intel Corporation’s ( INTC ) Q1 report yesterday not only reiterated the bullish thesis for AMD but also confirmed that AMD’s EPYC CPUs will be a significant growth driver for the latter’s data center business this year—something markets are still struggling to estimate accurately, per my analysis. I remain strongly bullish on AMD heading into Q1 earnings. Intel Confirms AMD’s Colossal x86 CPU Tailwind At the start of this year, I predicted in January that CPUs would be the quiet tailwind shaping the fortunes of the DC (data center) compute business and that AMD’s x86-based EPYC CPUs were very well-positioned to ride that wave of coming DC CPU demand. In that thesis itself, I foresaw how a surge in agentic AI-led inference workloads spurred a boom in memory, optical, etc. components being integrated in scale-up networks would shift the focus of growth on AMD’s EPYC DC CPUs: In my view, analysts are underappreciating a major tech tailwind that can further boost AMD’s outlook starting this year. CPUs are expected to have a major comeback this year as DC architectural complexity increases amid the significant ramp-up in GPU density on the same network fabric. And yesterday, Intel demonstrated a remarkable performance in their Q1 earnings report, showing how instrumental their CPU products were to the 22% growth delivered in their da...
JuSun/iStock via Getty Images Investment Thesis The countdown begins for Advanced Micro Devices, Inc. ( AMD ) to report its highly awaited Q1 earnings on May 5 next month. Markets widely anticipate a strong acceleration in its data center business, expecting 50% growth. Rapidly evolving data center requirements have quickly tipped the forward-looking growth scale considerably in favor of data cent...
JuSun/iStock via Getty Images Investment Thesis The countdown begins for Advanced Micro Devices, Inc. ( AMD ) to report its highly awaited Q1 earnings on May 5 next month. Markets widely anticipate a strong acceleration in its data center business, expecting 50% growth. Rapidly evolving data center requirements have quickly tipped the forward-looking growth scale considerably in favor of data center CPUs, a major compute segment in AMD’s data center revenues. Surging requirements for memory and other components in scale-up networks have significantly raised the demand for data center CPUs, a trend echoed by recent compute deals AMD won. And Intel Corporation’s ( INTC ) Q1 report yesterday not only reiterated the bullish thesis for AMD but also confirmed that AMD’s EPYC CPUs will be a significant growth driver for the latter’s data center business this year—something markets are still struggling to estimate accurately, per my analysis. I remain strongly bullish on AMD heading into Q1 earnings. Intel Confirms AMD’s Colossal x86 CPU Tailwind At the start of this year, I predicted in January that CPUs would be the quiet tailwind shaping the fortunes of the DC (data center) compute business and that AMD’s x86-based EPYC CPUs were very well-positioned to ride that wave of coming DC CPU demand. In that thesis itself, I foresaw how a surge in agentic AI-led inference workloads spurred a boom in memory, optical, etc. components being integrated in scale-up networks would shift the focus of growth on AMD’s EPYC DC CPUs: In my view, analysts are underappreciating a major tech tailwind that can further boost AMD’s outlook starting this year. CPUs are expected to have a major comeback this year as DC architectural complexity increases amid the significant ramp-up in GPU density on the same network fabric. And yesterday, Intel demonstrated a remarkable performance in their Q1 earnings report, showing how instrumental their CPU products were to the 22% growth delivered in their da...
Sundry Photography/iStock Editorial via Getty Images We're entering into the thick of the Q1 earnings season, and arguably the market is at one of the most volatile junctures in recent memory. Resolution over the conflict in Iran is still a major question mark, and investors continue to be nervous about the impacts of AI on the tech industry. Against this backdrop, post-earnings stock reactions ar...
Sundry Photography/iStock Editorial via Getty Images We're entering into the thick of the Q1 earnings season, and arguably the market is at one of the most volatile junctures in recent memory. Resolution over the conflict in Iran is still a major question mark, and investors continue to be nervous about the impacts of AI on the tech industry. Against this backdrop, post-earnings stock reactions are likely to be wide. Coursera ( COUR ), the online learning company that is pending a merger with its enterprise-oriented rival Udemy ( UDMY ), slipped more than 10% after the company reported Q1 results. Relative to highs above $12 notched last summer, shares of Coursera are down roughly ~50%, and the stock hasn't seen any break in selling pressure since announcing its bid for Udemy in December. Data by YCharts I last wrote a buy article on Coursera in February, when the stock was trading at similar levels near $6. Unfortunately, I see fundamental conditions deteriorating for the company. Q1 results showcased weakness in the enterprise segment, while Coursera is making a big bet on product and sales that is eating into its profitability profile. Though cheap, Coursera is no longer a rarity among small/mid-cap tech stocks in sporting ultralow valuation multiples, and with its valuation appeal tempered by additional operating risks, I'm dropping my rating on the stock to neutral. At current share prices, I see more of a balanced bull and bear case for the company. On the bright side for Coursera: Coursera is enjoying strong consumer segment growth, buoyed in part by growth in AI content. The company continues to see strong growth in total registered learners. Its library of AI-driven content continues to expand, and the company noted that in Q1, it enjoyed 20 enrollments per minute for generative AI courses, up from 15 last quarter. Cash-rich balance sheet. Coursera has just shy of $800 million of cash on its latest balance sheet, giving the company plenty of financial flexi...
(RTTNews) - Indian shares slumped on Friday, with benchmark indexes Sensex and Nifty extending losses for a third day running, as U.S.-Iran peace talks showed little progress and the Strait of Hormuz remained effectively closed, sending oil prices soaring toward $107 a barrel.
(RTTNews) - Indian shares slumped on Friday, with benchmark indexes Sensex and Nifty extending losses for a third day running, as U.S.-Iran peace talks showed little progress and the Strait of Hormuz remained effectively closed, sending oil prices soaring toward $107 a barrel.
格隆汇4月24日｜据证监会，黑龙江证监局对黑龙江中能粮科农业科技有限公司（简称中能粮科）及其中介机构广东信宇律师事务所（简称广东信宇）等相关主体境外上市备案违法违规行为作出行政处罚事先告知。该案系《境内企业境外发行证券和上市管理试行办法》（证监会公告〔2023〕43号，简称《试行办法》）实施以来，中国证监会查办的首例未按规定履行境外上市备案程序擅自境外上市的案件。2024年12月21日，Zhong Guo Liang Tou Group Limited（中国粮投集团有限公司，后更名为粮科科技创新生物（香港）有限公司，简称“中国粮投”）委托其境内运营实体中能粮科，向中国证监会提交了《关于拟通过De-SPAC并购交易实现在美国纳斯达克交易所间接上市的备案报告》。中国证监会于2025年3月6日接收其备案材料，并提出补充材料要求。2025年10月1日，在未完成境外上市备案程序的情况下，中国粮投通过与特殊目的并购公司合并交易在美国纳斯达克证券交易所上市。中国证监会发现这一情况后，立即根据跨境监管合作机制安排向美监管部门及交易所通报了有关情况，中国粮投上市当天即告停牌。经查，中能粮科未按规定履行境内企业境外上市备案程序，擅自进行境外发行上市活动，涉嫌违反《试行办法》相关规定。黑龙江证监局拟对中能粮科处以300万元罚款，对直接负责备案的主管人员蒋振军处以150万元罚款；对广东信宇律师事务所处以50万元罚款，对提供法律意见的律师李华斌处以20万元罚款。根据规定，相关当事人依法享有陈述、申辩和要求听证的权利，黑龙江证监局将在依法履行监管执法程序后正式作出行政处罚决定。 中国证监会将坚持统筹开放与安全，支持境内企业依法合规用好“两个市场、两种资源”实现高质量发展；依法加强对企业境外上市活动的监管执法，持续提升备案管理规范化、标准化和透明度；强化与境外监管机构的跨境合作，共同维护市场正常秩序和保护投资者合法权益。
President Donald Trump said that he’d be open to alternative ways to investigate Federal Reserve Chair Jerome Powell , potentially offering an off-ramp to a current legal battle that is holding up the confirmation of the president’s new pick to lead the central bank, according to news outlet Semafor. Trump, in response to a question about whether someone outside the Justice Department could invest...
President Donald Trump said that he’d be open to alternative ways to investigate Federal Reserve Chair Jerome Powell , potentially offering an off-ramp to a current legal battle that is holding up the confirmation of the president’s new pick to lead the central bank, according to news outlet Semafor. Trump, in response to a question about whether someone outside the Justice Department could investigate Powell and the cost of renovations at the central bank, said “[They] could. I mean, look, it’s pretty easy,” Semafor reported. It’s not yet clear if shifting the current investigation from the DOJ to an alternative entity would appease North Carolina Senator Thom Tillis , a key vote on the Senate Banking Committee, who has vowed to block Trump’s nominee to lead the central bank, Kevin Warsh , until the investigation into Powell is resolved. However, Tillis earlier this month said he’d welcome a Congressional investigation into the issue if one would lead to the DOJ dropping its probe. Trump’s attempts to target the current Fed chair have raised concerns within Congress that the central bank’s independence could be at risk, a shift that could have major ramifications for the US economy. Earlier: Trump’s Showdown With Tillis Complicates Warsh Path to Fed Chair Trump suggested he would continue to push for an investigation in some format into the Fed’s renovations projects and related Powell testimony to lawmakers, Semafor reported, citing an interview with the president on Thursday. “You have to find out what went wrong,” Trump said. “It was beautiful, and they ripped it down, and probably because it cost so much to fix it.” Powell has said he will stay on as a Fed governor when his term as chair expires as long as the DOJ investigation remains open. And if Warsh isn’t confirmed by mid-May when Powell’s term as chair expires, Powell has said he’ll continue serving as chair pro tempore . Trump has responded by saying he may fire Powell if he doesn’t leave the Fed “in tim...
European Central Bank Governing Council member Peter Kazimir suggested the Iran war might necessitate an eventual interest-rate hike. “While just a few months ago there was talk of a possible cut, today we discuss the possibility that a slight increase might be necessary,” the Slovak central bank chief said on Friday, without specifying when such a move should happen. “Our forecast scenarios take ...
European Central Bank Governing Council member Peter Kazimir suggested the Iran war might necessitate an eventual interest-rate hike. “While just a few months ago there was talk of a possible cut, today we discuss the possibility that a slight increase might be necessary,” the Slovak central bank chief said on Friday, without specifying when such a move should happen. “Our forecast scenarios take this development into account as well.” The timing of Kazimir’s comments is unusual, as policymakers typically steer clear of monetary policy in the runup to a rate decision. The next one is scheduled for April 30 and most officials speaking before the one-week quiet period kicked in on Thursday suggested that they didn’t have enough information to make a move this month. Oil prices climbed for a fifth day on Friday, with Brent trading just above $107 a barrel. The surge in energy prices has already pushed up euro-area inflation and a reading for April due next week is expected to show an acceleration to 3%. “On the positive side, the rise in oil and gas prices has so far been less severe than it was following Russia’s invasion of Ukraine,” Kazimir said in Bratislava. “However, it could still significantly slow down the global economy.” He added that “the longer the conflict lasts and the greater the damage it causes, the more severe its negative impact on both the global and Slovak economies will be.” ECB Officials Say April Is Too Early to Decide on Rate Hikes ECB’s Lane Says Still Can’t Determine Extent of War Shock Lagarde Says War’s ‘Double Uncertainty’ Calls for More Data
Six women who stayed in flats in capital have since accused disgraced financier of sexually abusing them, says BBC Jeffrey Epstein housed some of his alleged abuse victims in flats in London after police in the UK decided against investigating him, according to reports. The BBC said it had uncovered evidence of four flats in Kensington and Chelsea in receipts, emails and bank records contained wit...
Six women who stayed in flats in capital have since accused disgraced financier of sexually abusing them, says BBC Jeffrey Epstein housed some of his alleged abuse victims in flats in London after police in the UK decided against investigating him, according to reports. The BBC said it had uncovered evidence of four flats in Kensington and Chelsea in receipts, emails and bank records contained within the Epstein files. Six women who stayed in the properties have since accused the late financier of sexually abusing them, the broadcaster said. Continue reading...