China’s credit growth is expected to remain weak in May after a rare contraction in new lending the previous month, as subdued household borrowing and weak investment demand continue to weigh on financing. A Caixin survey of 12 institutions showed economists’ average forecast for new yuan loans at about 504 billion yuan ($74 billion), down nearly 1.2 trillion yuan from a year earlier. April lendin...
China’s credit growth is expected to remain weak in May after a rare contraction in new lending the previous month, as subdued household borrowing and weak investment demand continue to weigh on financing. A Caixin survey of 12 institutions showed economists’ average forecast for new yuan loans at about 504 billion yuan ($74 billion), down nearly 1.2 trillion yuan from a year earlier. April lending contracted , driven by weak household credit, while corporate borrowing was largely supported by bill financing.
Aldi Irvan Darmansyah/iStock via Getty Images The Thornburg International Equity Fund, Class I shares, produced a total return of 3.08% for the three-month period ended March 31, 2026, outperforming its MSCI ACWI-ex U.S. Index benchmark, which declined 0.71%. Over the 12 months to March 31, the fund outperformed with a 25.86% gain, versus the index return of 24.91%. Various economic and market ind...
Aldi Irvan Darmansyah/iStock via Getty Images The Thornburg International Equity Fund, Class I shares, produced a total return of 3.08% for the three-month period ended March 31, 2026, outperforming its MSCI ACWI-ex U.S. Index benchmark, which declined 0.71%. Over the 12 months to March 31, the fund outperformed with a 25.86% gain, versus the index return of 24.91%. Various economic and market indicators pointed to both challenges and resilience across major economies and markets in the first quarter of the year. The broad impact from the conflict with Iran are reverberating from the supply shocks in energy, fertilizer, sulfur and helium markets. The longer the conflict lasts, the greater the economic fallout as input costs in sundry sectors rise. Some countries and regions are better prepared or insulated than others, in part given the energy shock that roiled Europe four years ago, when Russia invaded Ukraine. The price impacts from the virtual closure of the Strait of Hormuz have caused inflation fears to rise and an about-face among most major central banks, which had been expected to pursue, or continue with, policy easing this year. But the potential inflationary impact from the energy and other primary resources stranded by the conflict behind the strait may prompt policy makers into a more hawkish stance. Higher energy costs and a rising cost of capital due to policy rate hikes make for headwinds to economic growth. While such a geopolitical crisis usually triggers a “flight to safety, ” lowering long sovereign bond yields of leading developed economies, the conflict with Iran has effectively acted as a potentially major “growth tax” and inflation spike, forcing markets to price in higher-for-longer interest rates. Long sovereign yields have been drifting higher or hovering at elevated levels in the U.S., Japan and Europe. The U.S. dollar has rebounded strongly against its major peers, sharply reversing a weakening trend in 2025. Our active positioning has e...
Nvidia CEO Jensen Huang's investment advice involving the company's suppliers is dangerously rosy, Bloomberg Opinion columnist Shuli Ren says. Ren argues that concrete guidance, not outsized optimism, is what's needed from Huang and other tech titans. (Source: Bloomberg)
Nvidia CEO Jensen Huang's investment advice involving the company's suppliers is dangerously rosy, Bloomberg Opinion columnist Shuli Ren says. Ren argues that concrete guidance, not outsized optimism, is what's needed from Huang and other tech titans. (Source: Bloomberg)
Hong Kong’s anti-corruption chief has said trust is the real currency of finance, with an official from mainland China’s watchdog pledging to continue fostering a clean business environment and deepen regional cooperation. At an Asia-Pacific Economic Cooperation (Apec) seminar on Tuesday, Danny Woo Ying-ming, commissioner of the Independent Commission Against Corruption (ICAC), said corruption har...
Hong Kong’s anti-corruption chief has said trust is the real currency of finance, with an official from mainland China’s watchdog pledging to continue fostering a clean business environment and deepen regional cooperation. At an Asia-Pacific Economic Cooperation (Apec) seminar on Tuesday, Danny Woo Ying-ming, commissioner of the Independent Commission Against Corruption (ICAC), said corruption harmed prosperity at its core and attacked the very foundations of society. “Integrity … is the unseen...
Chinmayi Shroff/iStock via Getty Images WhiteHawk Income Corporation ( WHK ) has priced its upsized initial public offering of 7.70M shares of Class A common stock at a public offering price of $26.00 per share. The aggregate gross proceeds from the offering are expected to reach approximately $200.2M before underwriting fees and expenses. The finalized offering represents an upsize of 775K shares...
Chinmayi Shroff/iStock via Getty Images WhiteHawk Income Corporation ( WHK ) has priced its upsized initial public offering of 7.70M shares of Class A common stock at a public offering price of $26.00 per share. The aggregate gross proceeds from the offering are expected to reach approximately $200.2M before underwriting fees and expenses. The finalized offering represents an upsize of 775K shares from the company’s originally proposed volume of 6.93M shares. Shares are scheduled to begin trading on the New York Stock Exchange today, June 9, 2026, under the ticker symbol "WHK." The offering is expected to close tomorrow, June 10, 2026, subject to customary conditions. Concurrent with the closing of the transaction, the company will officially change its corporate name to WhiteHawk Minerals Corp. WhiteHawk has granted its underwriters a 30-day option to purchase up to an additional 1.16M shares of Class A common stock at the IPO price. Raymond James, Stifel, and J.P. Morgan are serving as the joint lead bookrunners. Capital One Securities and Stephens Inc. are acting as bookrunning managers, with Tuohy Brothers as co-manager. More on WhiteHawk Income Corporation Financial information for WhiteHawk Income Corporation
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
格隆汇6月9日｜午后科技板块全线爆发，MLCC、半导体、光纤等概念领涨，创业板ETF天弘（159977）标的指数——创业板指涨3.57%，反包昨日阴线，成分股中，三环集团涨超16%，江丰电子涨超14%，晶盛机电涨超11%。该ETF连续两日“吸金”，净流入超1.2亿。 创业板ETF天弘（159977）跟踪创业板指，创业板作为“新质生产力”主阵地，覆盖电池（宁德时代）、光通信（中际旭创/新易盛/天孚通信）、光伏设备（阳光电源）、半导体/AI硬件等高景气新经济赛道，是新质生产力在A股浓缩的宽基，持续受益于全球AI算力基建和能源转型浪潮。该ETF最新规模58.18亿元，管理费+托管费合计为0.2%，居市场最低。该ETF配置了两只联接基金：(A类：001592，C类：001593)。 ① 外需韧性超预期，机电出口高增验证"制造出海"逻辑。海关数据显示，中国5月出口同比19.4%、进口同比27.4%，双双超预期；前5个月出口机电产品7.58万亿元，同比增长18.4%。 ② AI算力基建链消息频出，强化产业景气叙事。报道称谷歌已向英特尔下达逾300万颗自研TPU芯片订单，计划2028年前完成生产。亚马逊与康宁签署数十亿美元光纤协议，康宁单日收涨5.6%——数据中心"连接瓶颈"正成为继算力、存储之后第三个被重定价的核心环节。 ③ 上游关键材料供需趋紧，价格弹性持续释放。据央视财经，今年以来算力需求爆发带动电子布（PCB核心基材）价格大幅上涨，年内已完成5轮提价，较去年三季度低点涨幅达100%。
Banks with exposure to heavily-indebted broadband providers are selling their loans to distressed debt funds at a discount, a sign of their increasing weariness with the cash-strapped sector. In recent weeks, London-based FitzWalter Capital bought around half the bank debt of Germany’s DNS:Net , with lenders heading for the exit after owner 3i Infrastructure ruled out injecting further funds. The ...
Banks with exposure to heavily-indebted broadband providers are selling their loans to distressed debt funds at a discount, a sign of their increasing weariness with the cash-strapped sector. In recent weeks, London-based FitzWalter Capital bought around half the bank debt of Germany’s DNS:Net , with lenders heading for the exit after owner 3i Infrastructure ruled out injecting further funds. The private equity group wrote down its stake to zero when the firm’s plan for rolling out cable for fiber-optic broadband faltered. There have been a number of similar deals involving so-called altnets, smaller firms that aim to challenge incumbents like Deutsche Telekom AG and BT Group Plc . FitzWalter also took over UK firm G.Network through an administration after buying positions in the group’s debt and equity. One bank to Deutsche Glasfaser , a major German altnet, sold roughly €350 million ($404 million) of loans to Victor Khosla ’s Strategic Value Partners in the midst of a €7 billion debt restructuring. The entrance of distressed debt funds into what is typically bank-dominated infrastructure financing highlights the lengths some lenders are prepared to go to slash exposure to the troubled industry. Debt trades are typically limited by tough restrictions and banks’ unwillingness to crystallize losses. However, with many lenders involved in several fiber companies that have fallen short on ambitious rollout plans, some are taking the decision to get out. There could be more painful steps ahead. Altnets borrowed big to fund the expensive work of digging up roads and laying down cables, leaving poor performers with huge loans to shoulder. About 65% of European fiber companies need to refinance in the next two years, according to a survey by AlixPartners. They were at one point awash with cash, attracting around €85 billion in debt financing alone from 2021 to 2024, figures from industry body FTTH Council Europe show. Private equity sponsors including EQT AB and Goldman Sa...