File photo: (From left) Zhou Xinmin, Luo Qi and Liu Cangli. China has removed three senior figures in its defense and nuclear sectors from the national legislature, including two top-tier scientists, signaling a widening dragnet in the country’s ongoing anticorruption campaign of its military-industrial complex. The Standing Committee of the National People’s Congress announced the expulsions on W...
File photo: (From left) Zhou Xinmin, Luo Qi and Liu Cangli. China has removed three senior figures in its defense and nuclear sectors from the national legislature, including two top-tier scientists, signaling a widening dragnet in the country’s ongoing anticorruption campaign of its military-industrial complex. The Standing Committee of the National People’s Congress announced the expulsions on Wednesday following a one-day meeting in Beijing. The ousted delegates include Zhou Xinmin, the former chairman of the state-owned aviation giant; Luo Qi, a top engineer at the country’s primary nuclear power utility; and Liu Cangli, the former head of China’s nuclear weapons research academy.
Indian lenders asked the Reserve Bank of India to change the way state government bonds are valued on their books, saying current rules result in accounting losses and discourage further investment, according to people familiar with the matter. In meetings with the RBI this year, some banks asked to be allowed to value the bonds closer to their prices at auctions, the people said, declining to be ...
Indian lenders asked the Reserve Bank of India to change the way state government bonds are valued on their books, saying current rules result in accounting losses and discourage further investment, according to people familiar with the matter. In meetings with the RBI this year, some banks asked to be allowed to value the bonds closer to their prices at auctions, the people said, declining to be identified because the discussions are private. The current method requires a blanket yield depending on maturity, which undervalues bonds from fiscally stronger states and overvalues those with relatively worse financials. Banks have also raised the matter with Financial Benchmarks India Ltd., which sets valuation prices for bonds, in separate meetings over the last few months, they added. The potential for even more paper losses has made banks reluctant to accept lower yields on state bonds, weighing on demand just as issuance rises. Weaker demand from banks could push up borrowing costs , not only for states but across the broader sovereign bond market. The request comes as Indian states step up borrowing and banks remain the dominant buyers of their debt. States are set to raise a record $138 billion in the year ending March, while banks hold about a third of outstanding state bonds, central bank data show. Under current rules , which were derived to deal with the illiquid nature of many of the securities, state bonds with the same maturity are valued at a uniform yield regardless of the issuing state’s financial health. Bonds maturing in a given year are marked to a yield derived from traded prices of similar-tenor securities, the people said. Until last year, bond yields across states did not vary as much as they do now. As state debt supply surged, fluctuations became sharper, magnifying challenges with the current valuation method. The framework hurts banks when they purchase bonds from fiscally stronger states, which typically offer lower yields. When those bonds a...
(RTTNews) - Hanmi Science (008930.KS) reported fourth quarter net income from continuing operation before income tax of 37.1 billion Korean won compared to a loss of 13.4 billion won, prior year. Net income attributable to shareholders of parent company was 30.3 billion won compared to a loss of 11.0 billion won. Operating income increased to 37.6 billion won from 12.6 billion won. Fourth quarter ...
(RTTNews) - Hanmi Science (008930.KS) reported fourth quarter net income from continuing operation before income tax of 37.1 billion Korean won compared to a loss of 13.4 billion won, prior year. Net income attributable to shareholders of parent company was 30.3 billion won compared to a loss of 11.0 billion won. Operating income increased to 37.6 billion won from 12.6 billion won. Fourth quarter sales were 343.9 billion won compared to 331.7 billion won, an increase of 3.7%. Shares of Hanmi Science are currently trading at 46,000 won, up 2.91%. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
ArcelorMittal South Africa Ltd. , which is in talks to sell its struggling operations, said the rand’s strength is adding to the risk it faces in the country. The company’s average steel price fell by 3% in dollar terms and 5% in rand terms after the South African currency’s gains, it said in a statement on Thursday. The rand jumped about 14% against the dollar last year. The unit of ArcelorMittal...
ArcelorMittal South Africa Ltd. , which is in talks to sell its struggling operations, said the rand’s strength is adding to the risk it faces in the country. The company’s average steel price fell by 3% in dollar terms and 5% in rand terms after the South African currency’s gains, it said in a statement on Thursday. The rand jumped about 14% against the dollar last year. The unit of ArcelorMittal SA , which has to contend with rising imports of steel from China, reported a 16% drop in revenue in 2025 compared with the previous year. Net loss narrowed to 2.9 billion rand ($180 million) from 5.8 billion rand. The company said its talks with Industrial Development Corp. are continuing. The discussions started in November 2023 after AMSA announced it planned to shut two steel mills that produce grades that are crucial to the country’s automotive and mining industries. Read: ArcelorMittal, IDC Reopen Deal Talks for South Africa Mills AMSA has now closed the two steel mills and an iron-ore mine. It still operates a mill in Vanderbijlpark, south of Johannesburg, which produces steel sheets and other products and has idled facilities in the capital, Pretoria, and in the west coast town of Saldanha. The IDC sees the mills as crucial to the nation’s industrial sector. AMSA, formerly known as Iscor, was acquired by Indian billionaire Lakshmi Mittal in 2003. Mittal in 2006 combined with Arcelor to form ArcelorMittal.
LeoPatrizi/E+ via Getty Images Stock index futures searched for direction on Thursday as investors digested Alphabet’s earnings beat, with the tech giant posting revenue growth that topped expectations. Nasdaq 100 futures ( US100:IND ) +0.4%. S&P 500 futures ( SPX ) +0.2%, and Dow futures ( INDU ) -0.2%. Alphabet ( GOOGL ) ( GOOG ) was down ~1.9% in premarket trade after it reported fourth-quarter...
LeoPatrizi/E+ via Getty Images Stock index futures searched for direction on Thursday as investors digested Alphabet’s earnings beat, with the tech giant posting revenue growth that topped expectations. Nasdaq 100 futures ( US100:IND ) +0.4%. S&P 500 futures ( SPX ) +0.2%, and Dow futures ( INDU ) -0.2%. Alphabet ( GOOGL ) ( GOOG ) was down ~1.9% in premarket trade after it reported fourth-quarter results that beat both top- and bottom-line estimates. Revenues overall grew 18% to $113.8B, topping expectations for $111.5B, thanks to accelerating growth in Google Services and the increasingly important Google Cloud. U.S. Treasury yields moved lower across the curve. The 10-year Treasury yield ( US10Y ) fell 1.3 basis points to 4.27%, and the 30-year Treasury yield ( US30Y ) dipped 1.2 basis points to 4.91%. The shorter-end 2-year Treasury yield ( US2Y ) declined 0.2 basis points to 3.55%. Top gainers in premarket trading included Align Technology ( ALGN ) +12.56%, Corpay ( CPAY ) +7.40%, and Broadcom ( AVGO ) +6.22%. Decliners included Qualcomm ( QCOM ) -9.68%, Crown Castle ( CCI ) -5.53%, and Expedia ( EXPE ) -5.06%. More on markets Can AI's Benefits Spread Beyond A Handful Of Tech Giants? Dow Jones And U.S. Index Outlook: Rebalancing Continues As Tech Dives What Does The Bond Market Seem To Be Telling Us These Days Trump files $10B lawsuit against IRS, Treasury Department over tax-return leak
First National Advisers LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,025 shares of the computer hardware maker's stock after selling 6,119 shares during the quarter. NVIDIA accounts for 5.5% of First National Ad...
First National Advisers LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,025 shares of the computer hardware maker's stock after selling 6,119 shares during the quarter. NVIDIA accounts for 5.5% of First National Advisers LLC's investment portfolio, making the stock its 4th biggest holding. First National Advisers LLC's holdings in NVIDIA were worth $40,306,000 at the end of the most recent quarter. Get NVIDIA alerts: Sign Up A number of other hedge funds also recently modified their holdings of the business. Center for Financial Planning Inc. boosted its stake in shares of NVIDIA by 4.6% during the 2nd quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker's stock valued at $1,332,000 after buying an additional 367 shares during the period. Svenska Handelsbanken AB publ purchased a new stake in shares of NVIDIA during the third quarter worth $37,316,000. Atria Investments Inc raised its holdings in shares of NVIDIA by 3.2% during the second quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker's stock worth $148,859,000 after acquiring an additional 29,479 shares in the last quarter. MADDEN SECURITIES Corp boosted its position in NVIDIA by 3.2% during the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker's stock valued at $12,848,000 after purchasing an additional 2,484 shares during the last quarter. Finally, Whalen Wealth Management Inc. grew its stake in NVIDIA by 20.3% in the third quarter. Whalen Wealth Management Inc. now owns 36,490 shares of the computer hardware maker's stock valued at $6,808,000 after purchasing an additional 6,162 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock. NVIDIA News Roundup ...
Pinnacle Financial Partners Inc decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 448,647 shares of the computer hardware maker's stock after selling 6,233 shares during the period. NVIDIA makes up 2.0% of Pinnacle Financial Pa...
Pinnacle Financial Partners Inc decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 448,647 shares of the computer hardware maker's stock after selling 6,233 shares during the period. NVIDIA makes up 2.0% of Pinnacle Financial Partners Inc's holdings, making the stock its 7th biggest holding. Pinnacle Financial Partners Inc's holdings in NVIDIA were worth $83,709,000 at the end of the most recent quarter. Get NVIDIA alerts: Sign Up A number of other large investors have also recently bought and sold shares of the business. Professional Financial Advisors LLC raised its position in shares of NVIDIA by 11.1% in the 3rd quarter. Professional Financial Advisors LLC now owns 2,790 shares of the computer hardware maker's stock worth $521,000 after acquiring an additional 278 shares in the last quarter. Clear Point Advisors Inc. grew its stake in NVIDIA by 3.3% during the third quarter. Clear Point Advisors Inc. now owns 4,374 shares of the computer hardware maker's stock worth $816,000 after purchasing an additional 141 shares during the period. Peoples Financial Services CORP. increased its holdings in NVIDIA by 81.2% in the third quarter. Peoples Financial Services CORP. now owns 4,757 shares of the computer hardware maker's stock worth $888,000 after purchasing an additional 2,132 shares in the last quarter. Kingstone Capital Partners Texas LLC lifted its stake in NVIDIA by 3.5% in the third quarter. Kingstone Capital Partners Texas LLC now owns 138,153 shares of the computer hardware maker's stock valued at $25,777,000 after buying an additional 4,679 shares during the period. Finally, Pembroke Management LTD boosted its holdings in shares of NVIDIA by 87.5% during the 3rd quarter. Pembroke Management LTD now owns 5,013 shares of the computer hardware maker's stock worth $935,000 after buying an addi...
LCM Capital Management Inc lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,554 shares of the computer hardware maker's stock after selling 3,264 shares during the quarter. NVIDIA comprises about 6.2% of LCM Capital Manag...
LCM Capital Management Inc lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,554 shares of the computer hardware maker's stock after selling 3,264 shares during the quarter. NVIDIA comprises about 6.2% of LCM Capital Management Inc's holdings, making the stock its 4th largest position. LCM Capital Management Inc's holdings in NVIDIA were worth $12,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Get NVIDIA alerts: Sign Up Several other hedge funds have also modified their holdings of NVDA. Harbor Asset Planning Inc. acquired a new position in NVIDIA during the second quarter valued at approximately $28,000. Winnow Wealth LLC acquired a new stake in shares of NVIDIA in the second quarter worth $32,000. Longfellow Investment Management Co. LLC raised its stake in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA during the 2nd quarter valued at $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new stake in NVIDIA during the 2nd quarter worth $54,000. 65.27% of the stock is owned by institutional investors and hedge funds. NVIDIA Stock Down 3.4% NVDA stock opened at $174.19 on Thursday. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $184.08 and a 200-day simple moving average of $182.71. The company has a market capitalization of $4.23 trillion, a P/E ratio of 43.22, a PEG ratio of 0.55 and a beta of 2.31. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. NVIDIA (NASD...