Mozambique’s dollar bonds fell to the lowest in almost three years after authorities gave the strongest signal yet of plans to seek restructuring talks with creditors. The $900 million of bonds due 2031 fell 3.6 cents on Tuesday to 72.98 cents on the dollar as of 11:16 a.m. in London, the lowest since June 2023, according to CBBT composite pricing. The notes have been selling off for several weeks...
Mozambique’s dollar bonds fell to the lowest in almost three years after authorities gave the strongest signal yet of plans to seek restructuring talks with creditors. The $900 million of bonds due 2031 fell 3.6 cents on Tuesday to 72.98 cents on the dollar as of 11:16 a.m. in London, the lowest since June 2023, according to CBBT composite pricing. The notes have been selling off for several weeks, and came under renewed pressure from the Iran oil price shock and scrutiny from global ratings companies . The southeast African nation has formally contracted Alvarez & Marsal to advise it on a public debt management strategy which will run until 2029, and to “support negotiations with bilateral, multilateral and commercial creditors,” according to the finance ministry. Mozambique had external debt of $9.7 billion at the end of last year. The debt review is likely to also focus on the eurobond and not just domestic and other debt, according to Leo Morawiecki , an emerging markets analyst at Abrdn Investments Ltd. It could include “something like an extension of maturities” as the country has to start repaying the sinkable bond in 2028, while revenue from offshore gas fields won’t come on line until 2031, he said. The current backdrop of the Iran war is not helping sentiment toward Mozambique, despite its gas-rich potential, according to Phumelele Mbiyo , senior economist at Absa Bank in Johannesburg. “If any bondholders were holding on to the notion that the eurobond wouldn’t be restructured, maybe they are reconsidering that now,” Mbiyo said. Read: Cash-Short Mozambique Seeks to Cut Debt Costs in Creditor Talks The dollar-denominated bonds of Mozambique and Senegal are the two most distressed credits in Africa, trading well above the 1,000 basis point marker which denotes debt distress. Mozambique bondholders have suffered 9.3% in losses since the outbreak of the war, the worst across emerging markets after Lebanon, Senegal and Ukraine. An emerging-markets dollar bond i...
tadamichi Serve Robotics ( SERV ) highlighted on Tuesday that it used NVIDIA GTC 2026 to introduce a conversational sidewalk delivery robot named "Maggie," designed to interact with people in real time using edge AI and 5G connectivity from T-Mobile ( TMUS ). The company noted that the demo highlighted a shift from simple autonomous delivery to a more interactive, brand-facing robot that can hold ...
tadamichi Serve Robotics ( SERV ) highlighted on Tuesday that it used NVIDIA GTC 2026 to introduce a conversational sidewalk delivery robot named "Maggie," designed to interact with people in real time using edge AI and 5G connectivity from T-Mobile ( TMUS ). The company noted that the demo highlighted a shift from simple autonomous delivery to a more interactive, brand-facing robot that can hold conversations, respond dynamically, and support personalized experiences. The company described the launch as a step toward a new category of experiential marketing, where robotics, AI, and low-latency networking combine to create more immersive public engagement. It also positioned the robot as part of Serve Robotics ( SERV ) broader push to scale AI-powered robotics in real-world environments, building on its existing delivery fleet and NVIDIA-based platform. "We’re building robots that don’t just move through the world but interact with it," highlighted Serve Robotics ( SERV ) CEO Ali Kashani. "With T-Mobile’s edge network, our robots can respond, unlocking more natural interactions and bringing physical AI into everyday environments," added Kashani. Meanwhile, T-Mobile ( TMUS ) Chief Data & AI Officer Grant Ries noted that unlocking the full potential of physical AI requires more than intelligence on the device; it demands a network that can support inferencing at the edge where AI is moving and interacting with the world in real time. Serve Robotics’ ( SERV ) autonomous delivery robots operate on sidewalks and handle short-distance, last-mile deliveries in busy urban areas. Using a combination of cameras, sensors, and AI, they navigate city streets, detecting obstacles and interacting safely with pedestrians. Shares of Serve Robotics ( SERV ) are down almost 20% on a year-to-date basis. Short interest stands at 25.1% of the total float. More on Serve Robotics Inc. Serve Robotics: The Robots Are Scaling, The Economics Aren't Serve Robotics: Immaterial Progress Serve Rob...
Check out the companies making headlines before the bell: Broadcom , Alphabet — Broadcom on Monday said it agreed to supply artificial intelligence chips for Google and signed an expanded deal with Anthropic to give the AI startup about 3.5 gigawatts worth of computing capacity from Google's AI processors. Broadcom shares gained 3%, while Alphabet was slightly higher by 0.2%. Casey's General Store...
Check out the companies making headlines before the bell: Broadcom , Alphabet — Broadcom on Monday said it agreed to supply artificial intelligence chips for Google and signed an expanded deal with Anthropic to give the AI startup about 3.5 gigawatts worth of computing capacity from Google's AI processors. Broadcom shares gained 3%, while Alphabet was slightly higher by 0.2%. Casey's General Stores , Hologic — The convenience store operator will replace Hologic in the S & P 500 prior to the open Thursday, S & P Dow Jones Indices announced . Shares of Casey's rose about 1%, while shares of Hologic have been halted due to the completion of its pending acquisition by Blackstone and TPG Global. Oil stocks — The group was mostly higher, with energy prices remaining elevated above $110 per barrel ahead of U.S. President Donald Trump's threat to attack Iran's civil infrastructure by 8 p.m. ET on Tuesday. Exxon Mobil was higher by 0.4%, as was Chevron . Health care stocks — A slew of companies bounced after the Center for Medicare & Medicaid Services finalized its proposed payment increase to privately run Medicare Advantage plans, which was higher than its initial proposal in January that kept payments flat and sent insurers' stocks tumbling. Humana surged nearly 10%, while UnitedHealth jumped 6% and CVS Health advanced nearly 7%. — CNBC's Michelle Fox and Davis Giangiulio contributed reporting
Kingdom, backed by investment firm Stonepeak, has taken a significant step in advancing energy transition efforts in Japan by executing its first project financing facility for a 29MW battery energy storage project in Mimasaka, Japan. This marks a milestone for Kingdom, which manages nine battery energy storage system (BESS) projects in Japan, all having secured long-term revenue contracts through...
Kingdom, backed by investment firm Stonepeak, has taken a significant step in advancing energy transition efforts in Japan by executing its first project financing facility for a 29MW battery energy storage project in Mimasaka, Japan. This marks a milestone for Kingdom, which manages nine battery energy storage system (BESS) projects in Japan, all having secured long-term revenue contracts through Japan's Long-term Decarbonization Auction. The Mimasaka project, incorporating technology from...
TechFlow Intelligence Brief: AMD’s AI Director Publicly Criticizes Claude Code for “Getting Dumber and Lazier”; CLARITY Act May Be Signed This Month, Impacting Stablecoin Yields techflowpost.com
TechFlow Intelligence Brief: AMD’s AI Director Publicly Criticizes Claude Code for “Getting Dumber and Lazier”; CLARITY Act May Be Signed This Month, Impacting Stablecoin Yields techflowpost.com
Traders risk being wrongfooted by bets that major central banks will move in unison to respond to the threat of prolonged war in Iran, according to Bhanu Baweja , chief strategist at UBS Group AG. “The markets are pricing this like it was 2022 where you price up all central banks together — it’s a very different situation,” Baweja said in an interview with Bloomberg TV. A more “asymmetric” scenari...
Traders risk being wrongfooted by bets that major central banks will move in unison to respond to the threat of prolonged war in Iran, according to Bhanu Baweja , chief strategist at UBS Group AG. “The markets are pricing this like it was 2022 where you price up all central banks together — it’s a very different situation,” Baweja said in an interview with Bloomberg TV. A more “asymmetric” scenario is more likely, where the European Central Bank, the Federal Reserve and Bank of England respond in different ways, Baweja said. Treasuries and gilts especially reflect unrealistic expectations that inflationary pressures will goad central banks into another 2022-style rate-hiking cycle, according to the strategist. Markets have ramped up bets on interest rate increases across major economies since the outbreak of war in late February, driving up government bond yields. Investors willing to bet against the prevailing wisdom can reap value from short-dated debt where yields have risen the fastest, Baweja argued. The disruption to fuel markets is more likely to weaken economies and keep central banks from delivering rate increases that would further slow growth. “In the fixed income markets, in the front end, there is value being created, particularly in the UK, particularly in the US,” Baweja said. European bonds fell Tuesday, with shorter maturities leading the drop as money markets added to tightening wagers . The two-year German yield rose six basis points to 2.68%. US bonds slipped across maturities. Markets balanced signs that tensions may ease in the Middle East alongside President Donald Trump’s threats to escalate attacks on Iranian infrastructure if a deal isn’t reached by his deadline of Tuesday 8 p.m. Eastern Time. In a scenario where the war is quickly resolved, bonds are still in a strong position, according to Baweja. “If things go well then fixed income, especially the front end, will do much better than it would do badly if things go south,” he said.