Duterte, 80, is accused of crimes against humanity over an anti-drugs crackdowns in which thousands of people were killed in the South-east Asian nation The pre-trial hearing for former Philippine leader Rodrigo Duterte for his alleged role in a deadly “drug war” is set to begin at the international criminal court on Monday, despite his refusal to attend the proceedings. Duterte, 80, who was arres...
Duterte, 80, is accused of crimes against humanity over an anti-drugs crackdowns in which thousands of people were killed in the South-east Asian nation The pre-trial hearing for former Philippine leader Rodrigo Duterte for his alleged role in a deadly “drug war” is set to begin at the international criminal court on Monday, despite his refusal to attend the proceedings. Duterte, 80, who was arrested in Manila and flown to The Hague last year , is accused of crimes against humanity over an anti-drugs crackdown in which thousands of people were killed. Continue reading...
The Court of Appeal on Monday will deliver its verdict on 12 Hong Kong opposition activists seeking to overturn their convictions or have their sentences reduced, following the city’s largest national security trial to date. The appellate court will also decide whether one of 47 defendants prosecuted in the high-profile case of conspiracy to subvert state power was wrongly acquitted. A heavy polic...
The Court of Appeal on Monday will deliver its verdict on 12 Hong Kong opposition activists seeking to overturn their convictions or have their sentences reduced, following the city’s largest national security trial to date. The appellate court will also decide whether one of 47 defendants prosecuted in the high-profile case of conspiracy to subvert state power was wrongly acquitted. A heavy police presence was seen outside the West Kowloon Court on Monday morning, with around 100 officers...
(RTTNews) - The Indonesia stock market has moved lower in consecutive trading days, sinking almost 40 points or 0.5 percent along the way. The Jakarta Composite Index now sits just above the 8,270-point plateau although it may stop the bleeding on Monday.
(RTTNews) - The Indonesia stock market has moved lower in consecutive trading days, sinking almost 40 points or 0.5 percent along the way. The Jakarta Composite Index now sits just above the 8,270-point plateau although it may stop the bleeding on Monday.
Amazon.com Inc. (NASDAQ:AMZN) has reportedly discontinued its recently introduced warehouse robot, Blue Jay, and reassigned its staff to other robotics projects. The operations of the robotic system were ceased in January, a few months after its launch in October, Business Insider reported on Tuesday. The robot, designed for same-day delivery warehouses, faced hurdles such as high costs, manufactu...
Amazon.com Inc. (NASDAQ:AMZN) has reportedly discontinued its recently introduced warehouse robot, Blue Jay, and reassigned its staff to other robotics projects. The operations of the robotic system were ceased in January, a few months after its launch in October, Business Insider reported on Tuesday. The robot, designed for same-day delivery warehouses, faced hurdles such as high costs, manufacturing complexity, and implementation issues. Despite the discontinuation, Amazon intends to incorpora
May Chan is looking for a home that she can call her own. The freelancer wants to buy a flat, but high mortgage rates as well as uncertainty in the property market kept her from taking the plunge. “I would like to buy a flat, if I can afford it,” she said. “It would certainly help if there are discounts.” Now that mortgage rates have stabilised and there is less uncertainty about property prices, ...
May Chan is looking for a home that she can call her own. The freelancer wants to buy a flat, but high mortgage rates as well as uncertainty in the property market kept her from taking the plunge. “I would like to buy a flat, if I can afford it,” she said. “It would certainly help if there are discounts.” Now that mortgage rates have stabilised and there is less uncertainty about property prices, she hopes to find a reasonably priced home. With Hong Kong’s residential property market stabilising...
This week, Hong Kong is honoured to play host to the Asia-Pacific Association for International Education (APAIE) Conference and Exhibition, one of the most significant gatherings in the global higher education arena. For us, this is not merely a conference; it is a homecoming for international collaboration and a resounding statement of intent. As delegates from across the globe arrive in our cit...
This week, Hong Kong is honoured to play host to the Asia-Pacific Association for International Education (APAIE) Conference and Exhibition, one of the most significant gatherings in the global higher education arena. For us, this is not merely a conference; it is a homecoming for international collaboration and a resounding statement of intent. As delegates from across the globe arrive in our city, we are reminded that education knows no borders, and Hong Kong remains the pivotal bridge...
The rupee’s recent rebound from a record low may be fleeting, with analysts predicting renewed weakness in the months ahead on inadequate foreign inflows. Standard Chartered Plc , Australia & New Zealand Banking Group Ltd. , and MUFG Bank Ltd. expect the rupee to decline to 93 per dollar by the year-end, more than 2% weaker from its current level . The currency has trailed Asian peers in the past ...
The rupee’s recent rebound from a record low may be fleeting, with analysts predicting renewed weakness in the months ahead on inadequate foreign inflows. Standard Chartered Plc , Australia & New Zealand Banking Group Ltd. , and MUFG Bank Ltd. expect the rupee to decline to 93 per dollar by the year-end, more than 2% weaker from its current level . The currency has trailed Asian peers in the past two weeks, erasing part of its gains after the US cut tariffs on India earlier this month. The bearish outlook is notable because the US trade pact was expected to lure global funds after the currency hit successive lows, making it most undervalued in nearly 12 years. Stretched equity valuations , limited presence of pure-play artificial intelligence names, and a rising interest-rate gap with global markets may continue to weigh on inflows and the rupee, according to analysts. A rise in long-term yields in the US and Japan has made investors more discerning in their allocations to risk assets, which particularly hurt markets such as India, said Dhiraj Nim , forex strategist at ANZ in Mumbai. “The reversal of flows has been very mild” and “rest of the factors haven’t really been resolved.” The outlook for the rupee may also be clouded by renewed uncertainty after the US Supreme Court on Friday struck down several of President Donald Trump’s tariffs, even as he moved to impose a new global levy. Read More: India Postpones US Trip to Finalize Trade Pact on Tariff Ruling Overseas investors have resumed buying Indian equities, with net purchases of $1.7 billion so far this month compared with an outflow of $3.3 billion in January. The inflows pale in comparison to China, Japan and Taiwan, and may barely cover the gap between India’s imports and exports. Meanwhile, high gold prices are expected to push India’s current account deficit to 1.5% of the gross domestic product in the fiscal year starting April 1, from around 1% this year, according to IDFC First Bank Ltd. Foreign direc...
Willy Photograph/iStock via Getty Images Introduction The last time I covered CF Industries ( CF ), I upgraded them to a Strong Buy, pointing out how the market misunderstands them given the then-falling valuation, with great fundamentals and solid long-term growth potential thanks to their projects and macro tailwinds. With the stock returning roughly 15% since then and a solid report released re...
Willy Photograph/iStock via Getty Images Introduction The last time I covered CF Industries ( CF ), I upgraded them to a Strong Buy, pointing out how the market misunderstands them given the then-falling valuation, with great fundamentals and solid long-term growth potential thanks to their projects and macro tailwinds. With the stock returning roughly 15% since then and a solid report released recently, the company remains on track to meet their long-term targets, while the free cash flow should be able to sustain strong returns even during this investment cycle. Internal Developments CF Industries IR CF's Q4 and 2025 were solid overall, with the company beating the market's top- and bottom-line estimates , with a very solid $1.8 billion in free cash flow in 2025 despite a massive jump in CAPEX ($950 million in 2025 compared to $518 million in 2024) to fund their projects, a roughly $49 million improvement in FCF compared to 2024 - explained by the favorable commodity dynamics. CF Industries IR Regarding their guidance, their CAPEX should continue to be elevated in 2026, expecting $950 million ($400 million of which is going to the Blue Point joint venture), while they also expect ongoing pressure due to the Yazoo incident, yet the long-term FCF outlook remains unchanged, expecting $2 billion in 2030 using mid-cycle metrics. As a note here, since they own 40% of the project and are the majority owner, they're consolidating the entire joint venture's spending on their top-line CAPEX, which is why they say they expect $1.3 billion in total CAPEX and $950 million when excluding the portions from JERA and Mitsui. CF Industries IR They also made good points regarding what I called the misunderstanding seen in the market, highlighting how low their valuation is despite their superior fundamentals, trading well below both S&P 500 Materials and S&P 500 Industrials, and I'll include this quote from the company's management during the Q3 Earnings Call as I believe it's very ...
In a swift reversal of fortunes, countries that had been hardest hit by US President Donald Trump’s tariffs have emerged as the biggest winners from the Supreme Court’s decision to strike down his emergency levies. China, India and Brazil are among those now seeing lower tariff rates for shipments to the US after the court ruled on Friday that Trump’s use of the International Emergency Economic Po...
In a swift reversal of fortunes, countries that had been hardest hit by US President Donald Trump’s tariffs have emerged as the biggest winners from the Supreme Court’s decision to strike down his emergency levies. China, India and Brazil are among those now seeing lower tariff rates for shipments to the US after the court ruled on Friday that Trump’s use of the International Emergency Economic Powers Act to impose duties was illegal . While Trump subsequently announced plans for a 15% global rate, Bloomberg Economics calculated that would mean an average effective tariff rate of around 12% — the lowest since his “Liberation Day” tariffs were released in April. For Asia, Morgan Stanley economists say the weighted average tariff rate will fall to 17% from 20%, with average levies on goods from China declining to 24% from 32%. Relief may be temporary as the Trump administration seeks to impose sectoral and economy-specific duties to rebuild its tariff regime. Still, “the peak level of uncertainty on tariffs and trade tensions has passed,” Morgan Stanley economists led by Chetan Ahya wrote in a note. The new across-the-board levy effectively resets the playing field for America’s trade partners. For the likes of China , which also saw a 10% fentanyl tariff scrapped by the courts, exports now face less punitive rates. Losers include economies including the UK and Australia that had negotiated lower levies of 10% under the old “reciprocal” framework. Senior US officials are pressing partners including the European Union and Japan to stick to commitments they made in earlier negotiations. They also sought continuity in the one-year truce with China, with Trump planning to soon visit Beijing for a meeting with President Xi Jinping. China, in the midst of a long holiday, has yet to officially comment on the Supreme Court decision. “We want to make sure that China is complying with its part of the deal,” US Trade Representative Jamieson Greer told Fox News Sunday. “So that m...