Spot power prices in Japan surged to a three-year high, as the war in the Middle East boosts fuel costs for economies across Asia. The next-day delivery price jumped to 23.15 yen (14 cents) per kilowatt-hour on Tuesday, up 32% from a week ago and the highest level since January 2023. Japan relies heavily on fossil-fuel imports for power generation, and the conflict between the US, Israel and Iran ...
Spot power prices in Japan surged to a three-year high, as the war in the Middle East boosts fuel costs for economies across Asia. The next-day delivery price jumped to 23.15 yen (14 cents) per kilowatt-hour on Tuesday, up 32% from a week ago and the highest level since January 2023. Japan relies heavily on fossil-fuel imports for power generation, and the conflict between the US, Israel and Iran has supercharged prices of crude oil and natural gas as key trade routes are shut and energy facilities damaged. The war has also triggered gains in alternative fuels such as coal. The spot price may also have been boosted by the weather forecast, which points to cloud or rain across much of the country on Wednesday, according to the Japan Meteorological Agency. That could curb solar-power generation. Eastern Japan’s solar output is forecast to peak at 10,537 megawatts at 10 a.m. on Wednesday, while in western Japan it is set to peak at 7,562 MW at 11 a.m., according to BloombergNEF data. Iran War’s Gas Supply Shock Pushes Top Consumers Back to Coal Japan Allows More Coal-Fired Power to Cope With Energy Shock Philippines Boosts Fuel Stocks as It Eyes Americas for Supply Less capacity could also put pressure on the spot price. Japanese power plants typically conduct regular maintenance during spring, when demand is low. The Tokyo area is set to see about 4 gigawatts less of gas-fired power generation between Tuesday and Wednesday, according to information on the Japan Electric Power Exchange website.
Im Yeongsik/iStock via Getty Images A broker for U.S. Defense Secretary Pete Hegseth sought to make a large investment in major defense firms in the lead-up to the Iran war, according to the Financial Times . The Pentagon has dismissed the report. The FT reported Tuesday that Hegseth’s broker at banking giant Morgan Stanley ( MS ) contacted BlackRock ( BLK ) in February about making a multimillion...
Im Yeongsik/iStock via Getty Images A broker for U.S. Defense Secretary Pete Hegseth sought to make a large investment in major defense firms in the lead-up to the Iran war, according to the Financial Times . The Pentagon has dismissed the report. The FT reported Tuesday that Hegseth’s broker at banking giant Morgan Stanley ( MS ) contacted BlackRock ( BLK ) in February about making a multimillion-dollar investment in its iShares Defense Industrials Active ETF ( IDEF ). Pentagon chief spokesperson Sean Parnell dismissed the FT report in a post on X , calling it “entirely false and fabricated,” and demanding the FT retract the article. Parnell said that neither Hegseth nor any of his representatives approached BlackRock ( BLK ) about any such investment. “This is yet another baseless, dishonest smear designed to mislead the public,” he added. The investment discussed by Hegseth’s broker did not ultimately go ahead. The ETF, which has about $3.1 billion in assets, counts companies such as RTX Corp. ( RTX ), — formerly known as Raytheon — Lockheed Martin ( LMT ) and Northrop Grumman ( NOC ) among its largest holdings, Blackrock data showed. More on Global X Defense Tech ETF, iShares Defense Industrials Active ETF, etc. War In Iran: Why Europe Could Be The Next Escalation Front The Gold Standard Of Asset Management: BlackRock Macro Insights: War, Oil, AI, And Your Retirement Trump administration proposes rules to include alternative investments in 401(k) plans Boomer economy: The wealthiest generation and when that could change
Bo Shen/iStock Editorial via Getty Images Shares of Bruker ( BRKR ) have come under some renewed pressure as of late, as shares are off to a soft start in 2026. In fact, shares are trading at levels around $33, having fallen some 40% from levels seen in the first week of trading this year! This came after investors were not impressed by the results for the final quarter of 2025 and the accompanied...
Bo Shen/iStock Editorial via Getty Images Shares of Bruker ( BRKR ) have come under some renewed pressure as of late, as shares are off to a soft start in 2026. In fact, shares are trading at levels around $33, having fallen some 40% from levels seen in the first week of trading this year! This came after investors were not impressed by the results for the final quarter of 2025 and the accompanied outlook for 2026. That did not come completely unexpectedly to me, as I concluded towards the year-end of 2025 that Bruker did not provide a healthy diagnosis to investors. Currently, the setup has improved given a serious renewed setback in the share price, as well as some comforting guidance for 2026, with the two developments gradually creating a more compelling situation here. Other, higher conviction ideas, including recent M&A efforts, can be found at Value In Corporate Events . Muddling Through In February, Bruker reported its 2025 results, with reported revenues for the year up 2% to $3.44 billion, as fourth-quarter revenues came in dead flat. In between some M&A efforts pursued during the year and favorable currency movements, the company ended the year with a minus 5% organic growth rate, which is hardly convincing. For the year, organic growth declines came in at minus 4%. These are soft results, despite, in general, a good positioning, as well as solid diversification between the major geographic regions of the world and across segments. Non-GAAP earnings fell by fifty-eight cents to $1.83 per share, this number being quite adjusted with GAAP losses reported at $0.15 per share. Many of these adjustments relate to amortization, impairment, and restructuring charges, or at least not stock-based compensation expenses, but still the adjustments feel large. Net debt was reported at $1.57 billion, a substantial number in relation to a $518 million adjusted operating income number reported for 2025, and while EBITDA could be a bit higher, leverage ratios are seen arou...
CanSino Biologics Chairman and CEO Xuefeng Yu highlighted the company’s resilience last year despite China's falling birth rate and economic pressures. In an exclusive interview with Bloomberg's "The China Show," he noted that the country's aging population offers growth potential for the vaccine market, bolstered by favorable government policies and CanSino’s product pipeline. (Source: Bloomberg)
CanSino Biologics Chairman and CEO Xuefeng Yu highlighted the company’s resilience last year despite China's falling birth rate and economic pressures. In an exclusive interview with Bloomberg's "The China Show," he noted that the country's aging population offers growth potential for the vaccine market, bolstered by favorable government policies and CanSino’s product pipeline. (Source: Bloomberg)
Microsoft plans to invest $1 billion in Thailand over the next two years in cloud services and AI, the Thai government said in a statement. (Reporting by Chayut Setboonsarng and Panarat Thepgumpanat, Editing by John Mair)
Microsoft plans to invest $1 billion in Thailand over the next two years in cloud services and AI, the Thai government said in a statement. (Reporting by Chayut Setboonsarng and Panarat Thepgumpanat, Editing by John Mair)
Iran's attack on a Kuwaiti oil tanker near Dubai is a "critical signal" that Tehran is choosing retaliation over negotiation, BCA Research Chief Geopolitical Strategist Matt Gertken tells Bloomberg's "The China Show." He says it would undermine market confidence in President Donald Trump's ability to secure a diplomatic solution, despite a report that he's willing to end the war even if the Strait...
Iran's attack on a Kuwaiti oil tanker near Dubai is a "critical signal" that Tehran is choosing retaliation over negotiation, BCA Research Chief Geopolitical Strategist Matt Gertken tells Bloomberg's "The China Show." He says it would undermine market confidence in President Donald Trump's ability to secure a diplomatic solution, despite a report that he's willing to end the war even if the Strait of Hormuz remains largely closed. (Source: Bloomberg)
Over 25 years, Tottenham Hotspur owners Daniel Levy and Joe Lewis turned a mid-table team into a European heavyweight with a £1 billion ($1.3 billion) stadium. Behind the scenes, though, one of English football’s most enduring partnerships collapsed into a legal and financial feud. Over the weekend, Tottenham fired its third manager in a year as the team’s struggles get worse on the pitch. Away fr...
Over 25 years, Tottenham Hotspur owners Daniel Levy and Joe Lewis turned a mid-table team into a European heavyweight with a £1 billion ($1.3 billion) stadium. Behind the scenes, though, one of English football’s most enduring partnerships collapsed into a legal and financial feud. Over the weekend, Tottenham fired its third manager in a year as the team’s struggles get worse on the pitch. Away from it, Levy has considered suing his former business partner after being unceremoniously thrown out of the club he ran, according to people familiar with the matter. Levy also believes he owns more of the investment company that’s a majority shareholder in Tottenham to reflect the work he’s done at the club, the people said. They asked not to be named when speaking about internal matters. It’s hard to overstate how spectacularly wrong it’s going for Spurs. The club faces being dumped from England’s top division for the first time in almost five decades, a sporting failure that guarantees a sizable drop in its valuation at a time when the club is potentially for sale now Levy has gone . Meanwhile, the volatile cocktail of boardroom infighting and the looming financial hit relegation would bring threatens to severely deter potential buyers. Investors looking at Spurs are no longer just evaluating a football club , but risk walking into a complex civil war over shares, accounting reviews and intertwined family trusts, according to people who have worked directly with Levy, Lewis and the club. Representatives for Lewis and Tottenham Hotspur declined to comment. A spokesperson for Levy said he was unavailable for comment. Levy’s family has a long history in successful deal-making. His grandfather opened a hat shop in Stratford, east London, and a century later it had grown into one of the UK’s largest menswear chains. After graduating from Cambridge University , Levy struck out on his own, pivoting into corporate finance and property development. While the family business, Mr By...
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Paul Allen, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Paul Allen, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)