(RTTNews) - Delivery Hero SE (DELHY, DHER.DE), a German online food ordering and delivery platform, reported Thursday narrower net loss in fiscal 2025 with higher revenues and slight growth in Gross Merchandise Value or GMV. The company also provided its outlook for fiscal year 2
(RTTNews) - Delivery Hero SE (DELHY, DHER.DE), a German online food ordering and delivery platform, reported Thursday narrower net loss in fiscal 2025 with higher revenues and slight growth in Gross Merchandise Value or GMV. The company also provided its outlook for fiscal year 2
Photo: IC photo Chinese monetary authorities have verbally instructed some banks to limit trading with their own funds in bonds traded on exchanges to the centralized trading system, Caixin learned from people familiar with the matter. Authorities in Jiangsu province have directed several local small and midsize banks to restrict their use of the fixed-income trading platform in bond trading activ...
Photo: IC photo Chinese monetary authorities have verbally instructed some banks to limit trading with their own funds in bonds traded on exchanges to the centralized trading system, Caixin learned from people familiar with the matter. Authorities in Jiangsu province have directed several local small and midsize banks to restrict their use of the fixed-income trading platform in bond trading activities, they told Caixin Thursday.
design master/iStock via Getty Images High yield opportunities can be difficult to resist. Even though I myself don't care much about payouts to investors, even I acknowledge that if the yield is high enough, it can be difficult to say no to. Unfortunately, there are many opportunities that exist out there in the market that offer large payouts but that are, on the whole, subpar investments. One g...
design master/iStock via Getty Images High yield opportunities can be difficult to resist. Even though I myself don't care much about payouts to investors, even I acknowledge that if the yield is high enough, it can be difficult to say no to. Unfortunately, there are many opportunities that exist out there in the market that offer large payouts but that are, on the whole, subpar investments. One great example of this has historically been Blue Owl Capital Corporation ( OBDC ) . Today, the company offers a yield of 13.6%. Considering that the S&P 500 usually averages between 10% and 11% annually, that looks promising at face value. Even so, back in December of last year, I ended up rating this enterprise a ‘sell.’ I was discouraged by a couple of things. For starters, the vast majority of the debt that the company owned, which comprised about 83% of its portfolio at the time, was floating rate. That meant that, as interest rates dropped, it should see a decline in profitability. But on top of this, the enterprise already had a track record of underperforming the market. And this wasn't just over a short window of time. It was actually over the course of many years. With interest rates slated to drop, I argued that further downward pressure could be put onto its profitability. And while we have not actually seen that come to pass, my overall stance on the matter remains unchanged. Add on top of this a little bit of drama that recently broke out regarding its family of businesses, and I think that maintaining it as a ‘sell’ candidate is the right move here. Digging into Blue Owl Capital OBDC At its core, Blue Owl Capital is a conceptually interesting company. The company exists for the primary purpose of originating and making loans to middle-market companies in the US. These are primarily smaller, privately held businesses, that are trying to access capital for cheaper than what other alternatives might be. At the end of 2025 , the company had investments in 234 diffe...
Asian high-end technology stocks offer the best hedge against the prospect of a prolonged Iran war, according to an emerging-markets equity fund that’s beaten 96% of its peers over the past year. The Robeco Emerging Stars Equities fund has more than 40% of its assets in South Korean and Taiwanese shares, reflecting its view that chipmakers tied to artificial intelligence will retain their pricing ...
Asian high-end technology stocks offer the best hedge against the prospect of a prolonged Iran war, according to an emerging-markets equity fund that’s beaten 96% of its peers over the past year. The Robeco Emerging Stars Equities fund has more than 40% of its assets in South Korean and Taiwanese shares, reflecting its view that chipmakers tied to artificial intelligence will retain their pricing power even in a downturn, according to client portfolio manager Jan de Bruijn . “AI is not going to just die because of a global recession,” de Bruijn said in an interview. “Taiwan has a 80% market share, if not more, in logic chips. The Koreans have about 80%-to-90% share of the high-bandwidth memory chip market. So clearly they can pass a lot of costs through.” The fund, which had total assets of $4.6 billion at the end of February, returned 45% over the past year, including 6.8% so far in 2026, according to data compiled by Bloomberg. One of the fund’s strategies is to undertake proxy trades, where it buys shares in holding companies that trade at steep discounts to their underlying assets — sometimes as much as 60%. This allows it to gain exposure to its favored themes at relatively attractive valuations. The fund therefore owns SK Square Co. , instead of SK Hynix Inc. , and Naspers Ltd. instead of Tencent Holdings Ltd. Read more: Memory Is Wall Street’s Favorite Tech Trade as Mag 7 Disappoints “What you sometimes find is there’s a holding company that has a stake in a company, and then when you do a sum of parts, you’ll find that you’re getting into that stock story at a big discount,” he said. “We feel that discount will narrow over time.” The fund is overweight in Latin America and holds selective exposure in Asia, while it’s underweight the Middle East. “We’ve ended up, I think being positioned reasonably well for what’s going on at the moment,” de Bruijn said.