The chief investment officer of UniSuper , one of Australia’s largest pension funds, is brushing aside concerns about the downturn in global tech stocks, saying that spending in the sector can support other parts of the market. The selloff appears overdone, particularly for companies like Salesforce Inc. whose software is heavily integrated into business processes and tough to overhaul, said John ...
The chief investment officer of UniSuper , one of Australia’s largest pension funds, is brushing aside concerns about the downturn in global tech stocks, saying that spending in the sector can support other parts of the market. The selloff appears overdone, particularly for companies like Salesforce Inc. whose software is heavily integrated into business processes and tough to overhaul, said John Pearce , who oversees the A$166 billion ($117 billion) fund. Large artificial intelligence investments in tech firms could also boost revenues in other industries, he added. “That is indeed why we are seeing a broadening of the market rally outside tech,” he said in an investment update Friday. “This is a very healthy development and once again demonstrates the benefits of diversification.” Concerns that AI will erode software-company revenues have triggered sharp market swings in the past few weeks. A US-listed exchange-traded fund tracking the sector has fallen 30% from a high last year, while Salesforce shares are near an almost three-year low and trade at about half their 2024 peak. Pearce said while tech shares have faltered, energy and materials stocks have been climbing this year. Gold is also still holding on to gains despite a recent correction. While UniSuper has bought shares tied to bullion, it hasn’t purchased the metal directly. Because gold doesn’t generate income, UniSuper treats it more like a currency, according to Pearce. The fund’s strategy “steers us away from speculating on currency movements,” allowing it to avoid losses when gold prices swooned, he said. UniSuper had 35% of its balanced portfolio in international stocks as of Sept. 25. It lists Nvidia Corp. , Microsoft Corp. and Apple Inc. among its major holdings. In Australia, the market is “trudging along OK,” though the Reserve Bank’s policy pivot may weigh on shares, Pearce said. Still, this month’s interest-rate hike was “the right decision to make,” he added. Atlassian CEO Says AI Positive for...
Ellads Novartis AG ( NVS ) plans to sell its full 70.68% stake in its publicly listed Indian unit to a private equity-led consortium for around $159 million as part of a wider global restructuring. The consortium, comprising WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners, will buy the stake in Novartis India through a share purchase agreement. The move comes two years after N...
Ellads Novartis AG ( NVS ) plans to sell its full 70.68% stake in its publicly listed Indian unit to a private equity-led consortium for around $159 million as part of a wider global restructuring. The consortium, comprising WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners, will buy the stake in Novartis India through a share purchase agreement. The move comes two years after Novartis began a strategic review of Novartis India, including assessing its stake in the Mumbai-based firm. More on Novartis Novartis: Value Price, Growth Pipeline Novartis AG 2025 Q4 - Results - Earnings Call Presentation Novartis AG (NVS) Q4 2025 Earnings Call Transcript Novartis inks licensing deal worth up to $1.8B for oral peptide drugs Novartis breaks ground on new R&D center in San Diego
Asian stocks traded mostly lower on Friday amid a U.S. military buildup in the Middle East and a sharp selloff on Wall Street overnight. However, South Korea's KOSPI rose to new highs, bolstered by recent optimism in technology. Gold hovered around $5,000 per ounce on Friday, holding a two-day gain as traders weighed geopolitical risks alongside the Federal Reserve’s policy outlook. Malaysia’s tra...
Asian stocks traded mostly lower on Friday amid a U.S. military buildup in the Middle East and a sharp selloff on Wall Street overnight. However, South Korea's KOSPI rose to new highs, bolstered by recent optimism in technology. Gold hovered around $5,000 per ounce on Friday, holding a two-day gain as traders weighed geopolitical risks alongside the Federal Reserve’s policy outlook. Malaysia’s trade surplus jumped to MYR 21.37 billion in January 2026 from MYR 3.66 billion a year earlier, far surpassing market expectations of MYR 10.1 billion. Exports rose 19.6% year-on-year, and imports rose 5.3% yoy to MYR 125.50 billion in January 2026. The benchmark KOSPI rose more than 1% to around 5,750 on Friday, extending its record-breaking rally as strength in industrial and defense shares offset mild profit-taking in semiconductor heavyweights. Japan ( NKY:IND ) fell 1.07% to around 56,900, while the broader Topix Index slid 1.2% to 3,805 on Friday, breaking a two-day rally, with tech and bank stocks leading the retreat. The Japanese yen slipped past 155 per dollar on Friday, falling for the third consecutive session as both headline and core inflation rates slowed in January. Japan’s annual inflation rate decreased to 1.5% in January 2026 from 2.1% the previous month, marking the lowest level since March 2022. Food inflation also dropped to 3.9%, a 15-month low due to the slowest increase in rice prices in 18 months. Core inflation fell to 2.0%, the lowest since January 2024, staying within the central bank’s 2% target. The S&P Global Japan Manufacturing PMI increased to 52.8 in February 2026 from 51.5 in January, indicating strong growth supported by domestic and external demand. The S&P Global Services PMI rose slightly to 53.8 from 53.7, the highest since May 2024, with new orders increasing at a fast rate. China ( SHCOMP ) markets closed for the Lunar New Year holiday. Hong Kong ( HSI ) fell 0.71% to 26,469 in early Friday trade, reversing gains from the prior session...
China’s influential think tank, the China Center for International Economic Exchanges (CCIEE), has been transferred from the country’s top economic planner to the Chinese Academy of Social Sciences. Photo: AI generated China’s influential economic think tank, the China Center for International Economic Exchanges (CCIEE), has been transferred from the country’s top economic planner to the Chinese A...
China’s influential think tank, the China Center for International Economic Exchanges (CCIEE), has been transferred from the country’s top economic planner to the Chinese Academy of Social Sciences. Photo: AI generated China’s influential economic think tank, the China Center for International Economic Exchanges (CCIEE), has been transferred from the country’s top economic planner to the Chinese Academy of Social Sciences, a move officials described as part of a broader effort to overhaul the nation’s think tank system. The restructuring shifts the nearly 17-year-old institution previously overseen by the National Development and Reform Commission (NDRC) to under the supervision of the Chinese Academy of Social Sciences (CASS), an academic body directly under the State Council. The transfer marks a significant institutional realignment for a research center once known for its close ties to senior policymakers and retired ministerial officials.
(RTTNews) - Apollo (APO) announced that Apollo-managed funds have invested $1 billion in subordinated hybrid notes issued by Aldar Properties PJSC, a real estate developer and investment manager based in the UAE.
(RTTNews) - Apollo (APO) announced that Apollo-managed funds have invested $1 billion in subordinated hybrid notes issued by Aldar Properties PJSC, a real estate developer and investment manager based in the UAE.
Amsterdam, 20 February 2026 – Brunel International N.V. (Brunel; BRNL), a global specialist delivering customised project and workforce solutions to drive sustainable industry transformations through technology and talent, today announced its fourth quarter and full year results.
Amsterdam, 20 February 2026 – Brunel International N.V. (Brunel; BRNL), a global specialist delivering customised project and workforce solutions to drive sustainable industry transformations through technology and talent, today announced its fourth quarter and full year results.
Good morning . Donald Trump gives Iran up to 15 days to get a deal done on its nuclear program. The president also ordered the US to release files on aliens and UFOs. And meet the billionaires behind Japan’s cultural icons. Listen to the day’s top stories . Oil rose to near a six-month high , with Donald Trump saying Iran had 15 days at most to reach a deal over its nuclear program as the US assem...
Good morning . Donald Trump gives Iran up to 15 days to get a deal done on its nuclear program. The president also ordered the US to release files on aliens and UFOs. And meet the billionaires behind Japan’s cultural icons. Listen to the day’s top stories . Oil rose to near a six-month high , with Donald Trump saying Iran had 15 days at most to reach a deal over its nuclear program as the US assembled a vast array of forces in the Middle East . The president is weighing a limited early strike designed to drive Tehran to the negotiating table, the Wall Street Journal reported. Check out our Markets Today live blog for all the latest news and analysis relevant to UK assets Andrew Mountbatten-Windsor , brother of King Charles III, was released under investigation after being arrested on suspicion of misconduct in public office. The ongoing investigation will unpick years of lurid allegations about his ties to convicted sex offender Jeffrey Epstein. The arrest of the late Queen Elizabeth II’s favorite son marks a fresh nadir for Britain’s most powerful family . What Andrew’s Arrest Means for Britain and the Royals Listen to the Podcast The truth is out there. Trump said he is directing federal agencies to release government documents on extraterrestrial life and unexplained aerial phenomena. Earlier, he accused Barack Obama of giving away classified information when he talked about aliens in a recent podcast. The sitting president said he didn’t know “if they’re real or not.” Corporate roundup: Blue Owl Capital, facing a looming deadline to return cash in one of its private credit funds, found four buyers for a $1.4 billion portfolio of loans to help pay out investors. HSBC cut 10% of its US-based debt capital markets team, people familiar said. Johnson & Johnson is said to be preparing a potential sale of its orthopedics unit at a possible valuation of over $20 billion. Trump said his Board of Peace received roughly $17 billion in pledges for humanitarian and reconstru...
(RTTNews) - Santos Limited (STO.AX) said it has agreed on terms with the government of South Australia to supply 200 petajoules (PJ) of gas over 10 years from 2030 to support the transformation of the Whyalla Steelworks into a low-emissions green iron facility.
(RTTNews) - Santos Limited (STO.AX) said it has agreed on terms with the government of South Australia to supply 200 petajoules (PJ) of gas over 10 years from 2030 to support the transformation of the Whyalla Steelworks into a low-emissions green iron facility.
joebelanger/iStock via Getty Images Silvercorp Metals ( SVM ) is a Canada-based precious metals producer focused on the acquisition, exploration, development, and mining of silver-rich polymetallic deposits, with core operations in China’s Ying Mining District and GC Mine and growth projects in Ecuador that add gold and copper exposure in the future. Operating within the precious and base metals m...
joebelanger/iStock via Getty Images Silvercorp Metals ( SVM ) is a Canada-based precious metals producer focused on the acquisition, exploration, development, and mining of silver-rich polymetallic deposits, with core operations in China’s Ying Mining District and GC Mine and growth projects in Ecuador that add gold and copper exposure in the future. Operating within the precious and base metals mining industry, SVM generates revenue primarily from silver, gold, lead, and zinc production, positioning it to benefit from both industrial demand and safe-haven investment flows. SVM offers leveraged exposure to precious metal prices with potential upside from operational efficiency, exploration success, and development-stage project execution, while remaining sensitive to commodity price volatility, geopolitical factors, and capital allocation discipline typical of cyclical resource producers. Seeking Alpha I rate SVM a buy. FY26 Q3 earnings were solid, and the price of silver should remain high on strong demand. Production has been flat, but operations are becoming exceptionally efficient, which has led to great revenue and cash growth. Bottom-line numbers are to be digested, but suggest more growth is on the way soon. Earnings Thoughts SVM SVM reported a huge earnings beat for Q3 FY26 last week with an adjusted EPS of $0.22, beating by $0.14, and more than doubling their result from last year's Q3. Revenue was also up big, over 50% higher YoY, to a record $126.1 million. The downside was the bottom-line result of a $15.8 million loss in net income, which I will go into further detail on later in the article. Sales at their Ying Ming District, which is currently the majority of the business, rose 35% through the first nine months of the FY from a year ago. Revenue is continually progressing for SVM, in large part due to the rapid rise in silver price, which is up 102% in the last 6 months. Operating costs have remained relatively stable, so free cash flow has escalated ...