When the conflict with Iran started, some of the first headlines we saw had to do with shipping insurance. Marine insurers were said to be canceling war risk coverage for vessels going through the Strait of Hormuz. Premiums were said to surge. Meanwhile, the Trump administration announced it would offer its own insurance for ships traversing the Gulf, in an effort to get things moving again. So wh...
When the conflict with Iran started, some of the first headlines we saw had to do with shipping insurance. Marine insurers were said to be canceling war risk coverage for vessels going through the Strait of Hormuz. Premiums were said to surge. Meanwhile, the Trump administration announced it would offer its own insurance for ships traversing the Gulf, in an effort to get things moving again. So why is insurance such a crucial part of maritime trade? And how does the system actually work? In this
As a growing number of French property funds freeze withdrawals in the face of a client exodus that’s overwhelmed their cash buffers, the true cost of liquidity is becoming clearer. After halting redemptions earlier this year, a fund managed by Praemia REIM France has begun allowing investors to offer their shares on a secondary market, matching buyers and sellers. The initial trades show the high...
As a growing number of French property funds freeze withdrawals in the face of a client exodus that’s overwhelmed their cash buffers, the true cost of liquidity is becoming clearer. After halting redemptions earlier this year, a fund managed by Praemia REIM France has begun allowing investors to offer their shares on a secondary market, matching buyers and sellers. The initial trades show the high price some shareholders are willing to pay to get their money back. An investor in Praemia’s Priompierre vehicle swallowed a discount of 60% to the fund’s last subscription price in the initial secondary market transaction that took place in the last week of March, the company’s data show. The only buy order so far for clients attempting to extricate themselves from Perial Asset Management ’s Perial O2 fund is at a 70% discount. Praemia’s secondary market offering is in its infancy and transaction volumes are low, a spokesperson said in an emailed statement. “The price resulting from this first session should be interpreted with caution, as it primarily reflects a one-off match between a small number of buy and sell orders, rather than the underlying value” of the portfolio, they wrote. The discounts some investors are accepting underscore the slow motion correction that’s gripped European real estate. Managers enjoyed vast inflows in the zero interest rate era as investors chased returns, pushing prices to record highs. The abrupt end of the cheap money period in 2022 precipitated a collapse in values, a fact that’s now prompting a reckoning for funds that loaded up on properties when prices were at the peak and now need to sell to raise cash. Compounding the problem, many of the French funds were mostly investing in office buildings and bet heavily on Paris’ suburbs in search of higher returns. Shifting working patterns following the pandemic have exposed those bets, with demand for workspace across Europe’s commercial capitals concentrating on the best-connected buildin...
Chinese conglomerate Fosun International is weighing options for its 20.45% stake in Banco Comercial Português SA including a sale, Expresso reported , as it steps up efforts to raise cash and streamline its portfolio. The holding in BCP, Portugal’s largest listed bank, is no longer seen as strategic, the newspaper said, without saying where it got the information. The report comes after Fosun iss...
Chinese conglomerate Fosun International is weighing options for its 20.45% stake in Banco Comercial Português SA including a sale, Expresso reported , as it steps up efforts to raise cash and streamline its portfolio. The holding in BCP, Portugal’s largest listed bank, is no longer seen as strategic, the newspaper said, without saying where it got the information. The report comes after Fosun issued a profit warning last month. A representative for BCP declined to comment, while Fosun wasn’t immediately available for comment. BCP was one of the top performers in Portugal’s equity market last year, surging 93%. Speculation about a potential BCP exit for Fosun has persisted since the Chinese firm cut its stake about two years ago. Its remaining 20.45% holding is worth about €2.8 billion ($3.3 billion), according to calculations based on Thursday’s prices. The shares fell 1.8% on Friday. Fosun also owns about 85% of Portuguese insurer Fidelidade and has invited advisers to pitch for a potential Lisbon IPO of a minority stake, people familiar with the matter said in February.
Uxin press release ( UXIN ): Q4 Non-GAAP EPS of $0.00. Revenue of $171.3M (+100.7% Y/Y). Transaction volume was 21,634 units for the three months ended December 31, 2025, an increase of 36.0% from 15,904 units in the last quarter and an increase of 129.2% from 9,439 units in the same period last year. Retail transaction volume was 19,160 units for the three months ended December 31, 2025, an incre...
Uxin press release ( UXIN ): Q4 Non-GAAP EPS of $0.00. Revenue of $171.3M (+100.7% Y/Y). Transaction volume was 21,634 units for the three months ended December 31, 2025, an increase of 36.0% from 15,904 units in the last quarter and an increase of 129.2% from 9,439 units in the same period last year. Retail transaction volume was 19,160 units for the three months ended December 31, 2025, an increase of 36.7% from 14,020 units in the last quarter and an increase of 124.0% from 8,554 units in the same period last year. Non-GAAP adjusted EBITDA was a loss of RMB27.2 million (US$3.9 million) for the three months ended December 31, 2025. Business Outlook For the three months ending March 31, 2026, the company expects its retail transaction volume to range between 16,200 units and 16,500 units. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and other revenue to range between RMB1,050 million and RMB1,070 million. More on Uxin Seeking Alpha’s Quant Rating on Uxin Historical earnings data for Uxin Financial information for Uxin
Beata Manthey, European equity strategy head at Citi, discusses the outlook for markets amid geopolitical uncertainty in the lead-up to talks between the US and Iran. Speaking on Bloomberg Television, Manthey warns it is "a problem" that the European market is still priced for upgrades. "We are not going back to the world the market has been putting bets on," she adds. (Source: Bloomberg)
Beata Manthey, European equity strategy head at Citi, discusses the outlook for markets amid geopolitical uncertainty in the lead-up to talks between the US and Iran. Speaking on Bloomberg Television, Manthey warns it is "a problem" that the European market is still priced for upgrades. "We are not going back to the world the market has been putting bets on," she adds. (Source: Bloomberg)
War headlines and oil prices have been the primary drivers of market moves for nearly six weeks, but stocks haven't been without resilience. After Thursday's modest rally: The S&P 500 had risen in seven consecutive sessions.
War headlines and oil prices have been the primary drivers of market moves for nearly six weeks, but stocks haven't been without resilience. After Thursday's modest rally: The S&P 500 had risen in seven consecutive sessions.
PM appears to draw comparison between Russian and US leaders and calls for plan to restore shipping through strait of Hormuz Keir Starmer has said he is “fed up” with the effect that Donald Trump’s actions in the Middle East are having on the British public, while appearing to draw a comparison between the US president to Vladimir Putin. Speaking to ITV’s Robert Peston on Thursday, the prime minis...
PM appears to draw comparison between Russian and US leaders and calls for plan to restore shipping through strait of Hormuz Keir Starmer has said he is “fed up” with the effect that Donald Trump’s actions in the Middle East are having on the British public, while appearing to draw a comparison between the US president to Vladimir Putin. Speaking to ITV’s Robert Peston on Thursday, the prime minister said: “I’m fed up with the fact that families across the country see their bills go up and down on energy, businesses’ bills go up and down on energy because of the actions of Putin or Trump across the world.” Continue reading...