A diplomatic feud between Beijing and Tokyo appears to have spilled over to the arts, with what looks like an unofficial boycott on Japanese film, music and books. China has slapped official restrictions on tourism and trade with Japan since the row erupted in November, but so far there has been no official ban on the cultural sector. However, the Shanghai International Film Festival, which begins...
A diplomatic feud between Beijing and Tokyo appears to have spilled over to the arts, with what looks like an unofficial boycott on Japanese film, music and books. China has slapped official restrictions on tourism and trade with Japan since the row erupted in November, but so far there has been no official ban on the cultural sector. However, the Shanghai International Film Festival, which begins this Friday, does not have any Japanese films on its line-up for the first time in 20 years. It...
StevanZZ/iStock via Getty Images This article focused on how SRV ( SRV ) actually operated in May 2026 - its structure, the November 2025 rights offering, and the discount-to-NAV dynamics - rather than the headline distribution rate. Refresher Course on What You're Buying As the description of the fund suggests, SRV is a non-diversified closed-end fund managed by NXG Investment Management , headqu...
StevanZZ/iStock via Getty Images This article focused on how SRV ( SRV ) actually operated in May 2026 - its structure, the November 2025 rights offering, and the discount-to-NAV dynamics - rather than the headline distribution rate. Refresher Course on What You're Buying As the description of the fund suggests, SRV is a non-diversified closed-end fund managed by NXG Investment Management , headquartered in Dallas, TX. Following the November 2025 rights offering, total shares outstanding stand at roughly 6.2 million - about 4.7 million shares prior to the offering plus the roughly 1.6 million new shares issued in the 1-for-3 offering. With the shares trading at $49, that puts the market cap at around $304 million. The main goal of SRV is to provide exposure to midstream energy infrastructure such as pipelines, processing centers, storage, gathering, and liquefied natural gas assets using a leveraged approach. Based on the data from an NPORT-P filing dated August 31, 2025 , the majority of holdings are large-cap midstream companies like Energy Transfer, MPLX, Targa Resources, and Williams Companies. The fund also holds some offshore drilling companies (Noble Corporation), some Canadian midstream companies (Keyera), and companies operating adjacent to midstream, including Vistra and Bloom Energy. The CEF structure allows the manager of the fund to use 1099 tax reporting on the distributions. For many years, this has been one of SRV's strongest features. The current SRV distributions of $0.45 per month were confirmed in the February 2026 press release . Moreover, there was a special distribution of $2.14 announced during the last quarter of 2025, bringing total distributions to roughly $7.54 annually, or 16% of the price. But let's not stop here. The Rights Offering of November 2025, and What Did We Learn? Back in November 2025, the SRV's board authorized a transferable rights offering for the company . By the expiration date of December 11, 2025 , the company issued 1...
Toa55 China's securities regulator, t he China Securities Regulatory Commission (CSRC) said a recent crackdown on "illegal" cross-border investment will not result in mainland investors being forced to close offshore accounts or liquidate overseas assets. The clarification follows Beijing's May 22 crackdown on unauthorized cross-border securities trading, which targeted overseas brokers accused of...
Toa55 China's securities regulator, t he China Securities Regulatory Commission (CSRC) said a recent crackdown on "illegal" cross-border investment will not result in mainland investors being forced to close offshore accounts or liquidate overseas assets. The clarification follows Beijing's May 22 crackdown on unauthorized cross-border securities trading, which targeted overseas brokers accused of illegally helping mainland investors buy foreign stocks. The crackdown and sanctions on overseas brokers for allegedly helping Chinese investors buy foreign stocks illegally do not affect their offshore business operations, the regulator said according to a Reuters report. "Safety of investors' assets will not be affected by the rectification campaign," the CSRC said in the statement. "Existing accounts will not be forcibly closed, and assets held in those accounts will not be subject to mandatory cleanup." The CSRC said its policy objective is clear: the crackdown is aimed at "purifying" China's capital markets, protecting investors, and curbing illegal capital outflows from the country. More on China GXC: Deflation And Unemployment Spiral Risks For China FXI And MCHI: China Is A Perfect Example Of A Value Trap Trump-Xi Summit: Rare Earths, Oil, And A Fragile Truce Asian stock markets plunge as South Korea's KOSPI triggers halt amid global tech rout, geopolitical shock Asian equities largely decline on tech rotation; yen remains pinned near critical 160 mark
(RTTNews) - Sinch AB (CLCMF, SINCH.ST), a communication platform, on Monday announced that Chief Executive Officer Laurinda Pang will step down from her role, prompting the company to appoint Chief Financial Officer Jonas Dahlberg as acting CEO, effective immediately.
(RTTNews) - Sinch AB (CLCMF, SINCH.ST), a communication platform, on Monday announced that Chief Executive Officer Laurinda Pang will step down from her role, prompting the company to appoint Chief Financial Officer Jonas Dahlberg as acting CEO, effective immediately.
Meta Platforms, Inc. (NasdaqGS:META) is beginning a second round of payments from its US$725 million user data privacy settlement. A California court has approved these bonus payments, which are scheduled to start reaching eligible claimants from June 9. The payout relates to historic privacy violations and alleged misuse of user data affecting millions of users. For investors tracking NasdaqGS:ME...
Meta Platforms, Inc. (NasdaqGS:META) is beginning a second round of payments from its US$725 million user data privacy settlement. A California court has approved these bonus payments, which are scheduled to start reaching eligible claimants from June 9. The payout relates to historic privacy violations and alleged misuse of user data affecting millions of users. For investors tracking NasdaqGS:META, this second distribution highlights how Meta continues to deal with legacy privacy issues...
Ingredion Inc. agreed to acquire UK-based rival Tate & Lyle Plc for £2.7 billion ($3.6 billion), marking another famous brand leaving the London stock market. The Westchester, Illinois-based company is offering 615 pence per share, unchanged from the proposal it disclosed in May, according to a statement on Monday. Under the terms of the deal, Ingredion will pay 595 pence in cash for each Tate & L...
Ingredion Inc. agreed to acquire UK-based rival Tate & Lyle Plc for £2.7 billion ($3.6 billion), marking another famous brand leaving the London stock market. The Westchester, Illinois-based company is offering 615 pence per share, unchanged from the proposal it disclosed in May, according to a statement on Monday. Under the terms of the deal, Ingredion will pay 595 pence in cash for each Tate & Lyle share, plus investors will be entitled to receive up to 20 pence per share in dividends. Read More: Ingredion Is Said in Advanced Talks to Acquire Tate & Lyle The price represents a nearly 60% premium to Tate & Lyle shares before news of the potential offer was revealed. Bloomberg News reported last month that Tate & Lyle was working with advisers after receiving a takeover approach. Tate & Lyle is one of the oldest listed companies in the UK, starting off as a sugar refiner in the late 1800s. It sold off the sugar business in 2010 to focus on sugar replacements and calorie reducers, and is also pushing into various dietary fibers amid the health-driven trend for “fibermaxxing” that has seen food and beverage makers to fortify everything from soda to snacks.
This game is end to end! Today’s offering is for fans of the number 4. It’s a cute puzzle that offers up its solution in an elegant way. Nose to tail mathematics Continue reading...
This game is end to end! Today’s offering is for fans of the number 4. It’s a cute puzzle that offers up its solution in an elegant way. Nose to tail mathematics Continue reading...
German factory orders fell more than expected in April, adding to concerns that Europe’s largest economy could contract in the second quarter due to the Iran war and the surge in energy costs. Demand decreased 3.8% from a month earlier, following a downwardly revised 4.5% gain in March, the statistics office said Monday. That’s worse than the 2% decline predicted in a Bloomberg survey . The drop w...
German factory orders fell more than expected in April, adding to concerns that Europe’s largest economy could contract in the second quarter due to the Iran war and the surge in energy costs. Demand decreased 3.8% from a month earlier, following a downwardly revised 4.5% gain in March, the statistics office said Monday. That’s worse than the 2% decline predicted in a Bloomberg survey . The drop was due to the automotive industry and electrical equipment, with machinery and equipment also weighing on the result. Large-scale orders had no impact, Destatis said. A less volatile three-month reading showed a 3.1% fall. Germany’s economy had a good start to the year with 0.3% growth between January and March, but the conflict in the Middle East is increasingly weighing on consumers and corporates. Business activity shrank in April and May, raising the prospect of a contraction in the second quarter. “There are growing signs that rising energy and commodity prices, as well as significantly heightened geopolitical uncertainty, are increasingly leading to lower demand, particularly for capital goods,” the economy ministry said in a statement. “Against the backdrop of rising costs and uncertainties, as well as growing supply chain bottlenecks, industrial activity is likely to continue to show only modest growth in the coming months.” Joerg Kraemer , chief economist at Commerzbank, took a similar pessimistic view, warning that the German economy will probably “contract slightly” in the second quarter. Further headwinds come from ongoing trade tensions between the US and the European Union, and likely increases in interest rates, with the European Central Bank widely expected to raise borrowing costs later this week. While some support is still expected from hundreds of billions of euros in stimulus flowing to German defense and infrastructure, those effects are increasingly being overshadowed by factors like the war. Data last week also showed that the €500 billion ($577 bill...
Rolling coverage of the latest economic and financial news The oil price is climbing back towards the $100 a barrel milestone, after new missile strikes in the Middle East today. Brent crude, the international benchmark, has jumped by 4.8% to $97.60 a barrel, after Iran launched missiles at Israel on Sunday in response to Israeli strikes on Beirut’s southern suburbs. Things could get a bit hairier...
Rolling coverage of the latest economic and financial news The oil price is climbing back towards the $100 a barrel milestone, after new missile strikes in the Middle East today. Brent crude, the international benchmark, has jumped by 4.8% to $97.60 a barrel, after Iran launched missiles at Israel on Sunday in response to Israeli strikes on Beirut’s southern suburbs. Things could get a bit hairier today in the markets after a flare-up in geopolitical tensions over the weekend. Iran launched strikes on Israel for its attacks on Hezbollah targets in Beirut, leaving a nervous wait for the Israeli response. There is the heightened risk the war escalates again as peace talks between the US and a clearly emboldened Iran stall. 7am BST: German factory orders 4pm BST: US inflation expectations Continue reading...