Nicholas Peach, APAC Head of iShares at BlackRock, says investors have been using ETFs to express their sentiment amid rapid market-moving news cycles. He speaks on Bloomberg's ETF IQ Asia. (Source: Bloomberg)
Nicholas Peach, APAC Head of iShares at BlackRock, says investors have been using ETFs to express their sentiment amid rapid market-moving news cycles. He speaks on Bloomberg's ETF IQ Asia. (Source: Bloomberg)
Giles Taylor, VP of Global Design & Chief Creative Officer at FAW Group, discusses the shakedown he expects in the auto sector as the Chinese state-owned carmaker seeks to modernize itself. He speaks to Bloomberg's Stephen Engle at the Beijing Auto Show. (Source: Bloomberg)
Giles Taylor, VP of Global Design & Chief Creative Officer at FAW Group, discusses the shakedown he expects in the auto sector as the Chinese state-owned carmaker seeks to modernize itself. He speaks to Bloomberg's Stephen Engle at the Beijing Auto Show. (Source: Bloomberg)
MUFG Bank Ltd. has hired Saumitra Shrivastava as head of Asia Pacific project finance based in Singapore, according to people familiar with the matter. Shrivastava will join Japan’s largest lender from Clifford Capital in July, the people said, asking not to be identified as the details are private. He spent more than six years at the infrastructure credit firm, and was most recently the head of I...
MUFG Bank Ltd. has hired Saumitra Shrivastava as head of Asia Pacific project finance based in Singapore, according to people familiar with the matter. Shrivastava will join Japan’s largest lender from Clifford Capital in July, the people said, asking not to be identified as the details are private. He spent more than six years at the infrastructure credit firm, and was most recently the head of India coverage. Shrivastava takes over the reins from Shivanan Sivarajah, who left MUFG to join National Australia Bank in November. Shrivastava and a spokesperson for the Japanese lender declined to comment. MUFG ranked third among bookrunners for project finance loans in Asia Pacific last year, after State Bank of India and South Korea’s KB Financial Group Inc., with $3.5 billion worth of deals, according to data compiled by Bloomberg. The company finances power generation, transmission, natural resources, and infrastructure projects, according to its website. It was the lead arranger for $325 billion worth of renewable project deals globally between 2015 and 2024, according to its latest sustainability report. Read More: MUFG Bank Seeks More Acquisitions After $4.3 Billion India Deal
Taiwan’s regulators eased the limit on how much funds can invest in a single stock, allowing fund managers to pile in the world’s largest contract chip maker.
Taiwan’s regulators eased the limit on how much funds can invest in a single stock, allowing fund managers to pile in the world’s largest contract chip maker.
frantic00/iStock Editorial via Getty Images Cannabis stocks gave up their early gains on Thursday as investors reassessed the narrow impact of the U.S. government’s move to reclassify FDA-approved and state-licensed marijuana as a less risky drug. Cronos Group ( CRON ), Aurora Cannabis ( ACB ), Canopy Growth ( CGC ), Tilray Brands ( TLRY ), and OrganiGram Holdings ( OGI ) slumped between 7% and 1...
frantic00/iStock Editorial via Getty Images Cannabis stocks gave up their early gains on Thursday as investors reassessed the narrow impact of the U.S. government’s move to reclassify FDA-approved and state-licensed marijuana as a less risky drug. Cronos Group ( CRON ), Aurora Cannabis ( ACB ), Canopy Growth ( CGC ), Tilray Brands ( TLRY ), and OrganiGram Holdings ( OGI ) slumped between 7% and 14% in afternoon trading. Shares of these companies had surged after Acting Attorney General Todd Blanche in an X post said the Department of Justice was "immediately rescheduling FDA-approved marijuana and state-licensed marijuana from Schedule I to Schedule III." The department is also initiating an expedited hearing to consider the broader rescheduling of marijuana. But industry participants said the move stops short of a sweeping reclassification. The order applies specifically to FDA-approved cannabis drugs and products operating under state medical marijuana frameworks, rather than the broader market, creating uneven benefits across the sector, FundCanna CEO Adam Stettner said, according to Reuters . Medical operators could see clearer federal alignment and potential tax relief, he said, while companies focused on adult-use markets remain subject to existing restrictions, including limited access to capital and regulatory fragmentation. The move was narrower than investors had hoped, rescheduling medical cannabis immediately while setting a June hearing on adult use, said Todd Harrison, founding partner and chief investment officer at CB1 Capital Management, the report added. Cannabis-focused ETFs: AdvisorShares Pure Cannabis ETF ( YOLO ), ETFMG Alternative Harvest ETF ( MJ ), Amplify Seymour Cannabis ETF ( CNBS ), AdvisorShares Pure US Cannabis ETF ( MSOS ) More on cannabis, etc. Wall Street Lunch: Cannabis Stocks Fly High On DEA Rescheduling Move Canopy Growth Rallies On Renewed Hope Of Cannabis Rescheduling Organigram Global Inc. 2026 Q1 - Results - Earnings Ca...
Australia’s sovereign debt manager should bolster staffing and consider lowering its large cash buffer to maintain best-practice as issuances grow, according to an independent Treasury-commissioned review that outlined potential risks to the nation’s funding strategy. The review of the Australian Office of Financial Management led by former Reserve Bank Deputy Governor Guy Debelle and released Fri...
Australia’s sovereign debt manager should bolster staffing and consider lowering its large cash buffer to maintain best-practice as issuances grow, according to an independent Treasury-commissioned review that outlined potential risks to the nation’s funding strategy. The review of the Australian Office of Financial Management led by former Reserve Bank Deputy Governor Guy Debelle and released Friday found that the agency’s debt program is “highly respected” and effective at meeting the government’s financing needs. However, it warned that the AOFM’s ability to adapt to changing market conditions could be constrained by limited resourcing and recent turnover among senior officials. “The Review observes risks to the agency’s capacity to challenge and adapt its Debt Management Strategy over the medium-term,” it said, noting expertise is concentrated among a small number of staff. The findings come as Australia’s borrowing task has expanded in recent years in order to finance persistent budget deficits, increasing the importance of how the government times issuance, manages risk and responds to market stress. Documents released to Bloomberg under a Freedom of Information Act request last week showed Treasury initially opted to set aside complaints about the nation’s sovereign debt manager before reversing course weeks later to order the independent review. Read more: Australia Treasury Reversed Course on Debt Office to Call Review The independent review recommended increasing organizational capacity — including creating a dedicated strategy function — to ensure appropriate challenge to the debt strategy. It also recommended an expansion of the advisory board’s remit to advise on all aspects of the AOFM’s operations that bear on the debt program, including the Financial Risk Management Policy. ‘Overly Conservative’ The report also questioned the size of the agency’s liquidity buffer which holds at least four weeks of funding needs in cash, describing it as “overly conse...
(RTTNews) - Indian shares opened lower on Friday, extending losses for a third straight session as oil prices extended their surge on rising U.S.-Iran tensions and Infosys issued a weak revenue forecast.
(RTTNews) - Indian shares opened lower on Friday, extending losses for a third straight session as oil prices extended their surge on rising U.S.-Iran tensions and Infosys issued a weak revenue forecast.
Earnings Call Insights: Enova International (ENVA) Q1 2026 Management View "Our first quarter results marked a great start to the year" as "first quarter originations increased a healthy 33% year-over-year to nearly $2.3 billion" and "revenue increased 17% year-over-year to a record $875 million" (CEO & Director Steven Cunningham). "As a result of the strong originations growth, the portfolio incr...
Earnings Call Insights: Enova International (ENVA) Q1 2026 Management View "Our first quarter results marked a great start to the year" as "first quarter originations increased a healthy 33% year-over-year to nearly $2.3 billion" and "revenue increased 17% year-over-year to a record $875 million" (CEO & Director Steven Cunningham). "As a result of the strong originations growth, the portfolio increased 28% year-over-year to nearly $5.3 billion" with "small business products representing 70% of our portfolio at the end of the quarter" (CEO & Director Cunningham). "Credit metrics across the portfolio reflects stable or improving performance" and "the consolidated net charge-off ratio for the first quarter" fell "to 7.6%" (CEO & Director Cunningham). "We are excited about our combination with Grasshopper Bank later this year" and "we expect net synergies related to the transaction to drive adjusted EPS accretion of more than 25% once the synergies are fully realized in the first 2 years post-closing" (CEO & Director Cunningham). "Total company revenue of $875 million increased 17%" and "adjusted EPS... increased 30% to $3.87 per diluted share" (CFO & Treasurer Scott Cornelis). Outlook "For the second quarter of 2026, we expect total company revenue to be 15% to 20% higher year-over-year" and "we expect the total company net revenue margin for the second quarter of 2026 to be in the 55% to 60% range" (CFO & Treasurer Cornelis). "With a more normalized tax rate... these expectations should lead to adjusted EPS for the second quarter of 2026, that is 20% to 25% higher than the second quarter of 2025" (CFO & Treasurer Cornelis). "For the full year, we expect growth in originations compared to the full year of 2025 of around 20%" and "adjusted EPS growth of at least 25%" (CFO & Treasurer Cornelis). In the prior quarter, management guided "growth in originations... of around 15%" and "adjusted EPS growth of at least 20%" for full-year 2026 (CFO & Treasurer Cornelis, Q4 2025 ...
Hi, this is Andrea in Prague. Welcome to our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here . Not Now Hundreds of companies were forced to overhaul how they do business as the Baltic states underwent the most dramatic economic shift in Europe caused by the war in Ukraine. The three countries saw total trade with Russia plung...
Hi, this is Andrea in Prague. Welcome to our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here . Not Now Hundreds of companies were forced to overhaul how they do business as the Baltic states underwent the most dramatic economic shift in Europe caused by the war in Ukraine. The three countries saw total trade with Russia plunge 91% between 2021 and 2025 as they severed much of their remaining ties. Take Estonian timber producer Puidukoda. Chief Executive Officer Eveli Opmann said the company had to lay off staff and adjust its business model after the European Union imposed trade sanctions against Russia four years ago. That “means we need to speak more English than Russian with suppliers these days,” she said. Now the Baltic nations are telling their allies that making noises about normalizing ties with Moscow would the wrong turn to take for Europe, as my colleagues Ott Tammik , Milda Seputyte and Aaron Eglitis reported this week. But they aren’t only sending their usual warning signals. They’re taking even more action at home. Latvia is considering legislation to name and shame local companies that still sell products to Russia and Belarus. The law doesn’t aim to restrict trade, but allows other market participants to decide whether they still want to do business with them. The three Baltic sates also said they wouldn’t allow Slovak Prime Minister Robert Fico, an ally of Russia, to use their airspace to attend a celebration in Moscow on May 9. Not everyone in Europe agrees. Bulgaria’s new premier-to-be, Rumen Radev, has said the EU should revive its economic relationship with Russia. Belgium’s prime minister last month raised some eyebrows by calling for rapprochement with Russia, saying that doing so was “common sense.” In the meantime, the message from the Baltics in clear: Now is not the time to go soft. Around the Region Bosnia-Herzegovina: Two figures who worked on President Donald Trump...
winhorse/iStock Unreleased via Getty Images Inflation stronger than expected despite government subsidies Japan’s headline CPI inflation rose 1.5% year-on-year in March (vs. 1.3% in February, 1.4% market consensus), and core inflation excluding fresh food accelerated for the first time in five months to a 1.8% rate (vs. 1.6% in February, 1.5% market consensus). The index increased by 0.4% month-ov...
winhorse/iStock Unreleased via Getty Images Inflation stronger than expected despite government subsidies Japan’s headline CPI inflation rose 1.5% year-on-year in March (vs. 1.3% in February, 1.4% market consensus), and core inflation excluding fresh food accelerated for the first time in five months to a 1.8% rate (vs. 1.6% in February, 1.5% market consensus). The index increased by 0.4% month-over-month on a seasonally adjusted basis, reflecting increased pressure from goods, which rose by 0.6%, while services also increased by 0.2%. Looking at the details, prices for fresh food (-4.8%), gasoline (-5.4%), utilities (-4.8%), and education (-5.5%) dropped. Fresh food prices dropped for four consecutive months, mostly due to a high base last year driven by rice prices. The last three price drops were due to government energy subsidies and social welfare programmes. Aside from these items, increases became more widespread with household goods (2.7%), transport (2.1%), and entertainment (2.35%). Although core inflation is below 2% for a second month, excluding policy effects, inflation should stay well above 2%. Inflation to accelerate further in coming months We expect further inflation acceleration in the coming months. On top of rising global energy prices, the weak JPY should add more pressure on domestic prices. Producer prices and import prices increased quite sharply, too. Also, businesses usually adjust their retail prices in April, the first month of the fiscal year, which should further accelerate price gains. This year’s “shunto” negotiations resulted in wage growth above 5%, and increases for SMEs are quite firm as well. Thus, businesses are likely to pass these input cost hikes on to consumers. We expect Tokyo CPI (to be released on May 1)to rise to 1.7% YoY in April (vs. 1.4% in March). We expect both goods and service prices to rise more quickly in April. Also, from May, both headline and core inflation are expected to climb above 2% again. This should s...
Pony AI Inc. ("Pony.ai") (NASDAQ: PONY; HKEX: 2026) is advancing the commercialization of Level 4 (L4) autonomous driving through continued cost reduction, fleet expansion and broader product deployment across mobility and logistics.
Pony AI Inc. ("Pony.ai") (NASDAQ: PONY; HKEX: 2026) is advancing the commercialization of Level 4 (L4) autonomous driving through continued cost reduction, fleet expansion and broader product deployment across mobility and logistics.