(RTTNews) - The Indonesia stock market has moved lower in four straight sessions, slumping more than 250 points or 3.4 percent in that span. The Jakarta Composite Index now rests just beneath the 7,380-point plateau and it's likely to open under pressure again on Friday.
(RTTNews) - The Indonesia stock market has moved lower in four straight sessions, slumping more than 250 points or 3.4 percent in that span. The Jakarta Composite Index now rests just beneath the 7,380-point plateau and it's likely to open under pressure again on Friday.
Albert*, a 68-year-old retiree in the Philippines, was struggling to log into the country’s Social Security System app in August last year when a man rang to offer help. The caller said he worked for the government pension fund, the website was down for maintenance and a new app had just been rolled out. To prove he was genuine, he sent Albert his full name, Social Security number, and home addres...
Albert*, a 68-year-old retiree in the Philippines, was struggling to log into the country’s Social Security System app in August last year when a man rang to offer help. The caller said he worked for the government pension fund, the website was down for maintenance and a new app had just been rolled out. To prove he was genuine, he sent Albert his full name, Social Security number, and home address over the Viber messaging app, followed by a link to the “new” app. More than an hour after Albert...
The signal is clear. In the first quarter of this year, just three C919 aircraft were delivered – two to China Southern Airlines and one to Air China. For a Chinese programme expected to deliver more than 30 of these home-grown narrowbody airliners this year, the gap between ambition and reality has opened up quickly. Commercial Aircraft Corporation of China (Comac) delivered 15 C919s last year, f...
The signal is clear. In the first quarter of this year, just three C919 aircraft were delivered – two to China Southern Airlines and one to Air China. For a Chinese programme expected to deliver more than 30 of these home-grown narrowbody airliners this year, the gap between ambition and reality has opened up quickly. Commercial Aircraft Corporation of China (Comac) delivered 15 C919s last year, far short of the target of 75 set before supply disruptions forced a reset. Even the modest reported...
A consortium led by TPG Inc. has signed a formal agreement to buy India’s top shadow lender specializing in green financing, underscoring foreign investors’ appetite for the country’s fast-growing environmental projects. The investor group, which also includes GIC Pte and ICICI Bank Ltd. , will acquire Aseem Infrastructure Finance Ltd. for about 40 billion rupees ($425 million) and merge it with i...
A consortium led by TPG Inc. has signed a formal agreement to buy India’s top shadow lender specializing in green financing, underscoring foreign investors’ appetite for the country’s fast-growing environmental projects. The investor group, which also includes GIC Pte and ICICI Bank Ltd. , will acquire Aseem Infrastructure Finance Ltd. for about 40 billion rupees ($425 million) and merge it with its newly created joint venture entity, according to people familiar with the matter. Acquiring Aseem would give the buyers exposure to the largest Indian non-banking finance company focused on green projects. Singapore sovereign wealth fund GIC and TPG already have big investments in renewable energy-backed firms operating in India. Read More: India Becomes Rare Hub for Green IPOs With $4 Billion of Deals Manish Chourasia from Tata Cleantech Capital Ltd. has been hired to lead the new company, said the people, requesting not to be named because the information is private. TPG declined to comment. GIC, ICICI, Aseem and Tata Capital did not reply to emails seeking comments. Tata Cleantech was a separate company before it merged with Tata Capital. Emerging energy-transition technologies typically need low-cost and long-term capital, with some financiers also citing concerns of greenwashing and regulatory constraints. Meanwhile, established industries such as solar and wind power in India have been struggling with land acquisition and poor grid infrastructure. GIC, TPG and ICICI will collectively inject about 60 billion rupees in their non-banking finance firm that will start operations soon after building out its team, said the people. ICICI will hold around 5% in the new company, according to one of the people. Six-year-old Aseem, majority owned by India’s quasi-sovereign National Investment & Infrastructure Fund , has delivered strong performance. Assets under management grew to 154.3 billion rupees in the year ending March 2025 and net profit rose to a record. The firm’s po...
Earnings Call Insights: KKR Real Estate Finance Trust (KREF) Q1 2026 Management View KREF framed 2026 as a portfolio transition and said its focus is "executing an aggressive resolution strategy across our watch list assets and certain legacy office exposures" and "positioning a portion of our REO portfolio for liquidity" (CEO Matthew Salem). Management tied near-term book value pressure to the pl...
Earnings Call Insights: KKR Real Estate Finance Trust (KREF) Q1 2026 Management View KREF framed 2026 as a portfolio transition and said its focus is "executing an aggressive resolution strategy across our watch list assets and certain legacy office exposures" and "positioning a portion of our REO portfolio for liquidity" (CEO Matthew Salem). Management tied near-term book value pressure to the planned cleanup, saying, "we may choose to incur book value declines as we seek liquidity on legacy assets to create a higher quality portfolio" and added it "see[s] a clear path to redeploy capital in newer vintage, higher quality investments" (CEO Salem). KREF laid out specific 2026 portfolio targets, including, "reduce legacy office exposure from 21% to under 10%" and "resolve all of our current watch list loans by year-end" (CEO Salem). Salem highlighted early execution, stating, "Our largest office loan and $225 million loan in Bellevue was refinanced in the first quarter at par" and added, "the property securing our largest watch list office loan is currently being marketed for sale" (CEO Salem). On capital allocation, KREF announced, "a dividend reduction to $0.10 per share per quarter payable on July 15," while emphasizing, "This decision is not driven by liquidity constraints" (CEO Salem). KREF said buybacks are a key use of capital at current trading levels, noting, "On April 14, our Board authorized a new $75 million share repurchase program" (CEO Salem). Credit actions and reserves were a central theme, with management stating, "we recorded CECL provisions of $74 million, bringing our total allowance to $260 million" (President and COO W. Mattson). REO monetization was described in time buckets, and KREF emphasized the OpenAI lease in Mountain View: "we signed a long-term full property lease with OpenAI" and "expect to bring this asset to market within the next 12 to 16 months" (President and COO Mattson). Outlook KREF tied the dividend reset to capital allocation...
Earnings Call Insights: Ameriprise Financial (AMP) Q1 2026 Management View “Ameriprise delivered a strong start to the year, driven by our disciplined execution and the benefits of our diversified business,” Jim Cracchiolo said, adding that “ongoing market volatility and economic uncertainty” contributed to “more cautious client behavior.” Cracchiolo highlighted firmwide results including “adjuste...
Earnings Call Insights: Ameriprise Financial (AMP) Q1 2026 Management View “Ameriprise delivered a strong start to the year, driven by our disciplined execution and the benefits of our diversified business,” Jim Cracchiolo said, adding that “ongoing market volatility and economic uncertainty” contributed to “more cautious client behavior.” Cracchiolo highlighted firmwide results including “adjusted operating revenues ... up 11% to $4.8 billion,” “EPS up 19% to a record $11.26,” and ROE that “increased to more than 54%,” alongside “assets under management administration advisement ... 12% to $1.7 trillion.” On Advice & Wealth Management, Cracchiolo said the quarter was “lighter on flows” due to client caution and “some lumpiness in recruiting and terminations,” while noting “$6 billion of wrap net inflows,” “strong transactional activity up 10%,” and “productivity increasing another 10% ... to a record $1.2 million per adviser.” Cracchiolo announced a bank channel win: “we signed a multiyear agreement to become the retail investment program provider [for] the Huntington Bank,” which he said “is expected to add approximately 260 advisers and $28 billion in assets with onboarding beginning later this year.” Walter Berman said results included “adjusted operating earnings per share up 19% to $11.26 and an operating margin of 28%,” and added, “in the quarter, we returned 88% of operating earnings to shareholders through share repurchases and dividends.” Outlook Management did not provide formal companywide EPS or revenue guidance in this transcript; discussion centered on flow timing, capital return ranges, and business-specific expectations. Berman said Ameriprise “will be buying back 85% to 90%,” and tied pacing to valuation: “certainly looking at the P/E ratio and where we are right now.” On Comerica-related adviser and asset outflows, Berman said, “we anticipate the higher pace of outflows related to Comerica will continue in the second and third quarters culminating...