Seven foreign-born players for Malaysia’s national football team have been cleared to keep competing after the Court of Arbitration for Sport temporarily halted Fifa-imposed bans while their appeal is reviewed, Malaysia’s football federation said on Tuesday. Last September, Fifa fined the Football Association of Malaysia 350,000 Swiss francs (US$450,000) for fake documents filed to naturalise the ...
Seven foreign-born players for Malaysia’s national football team have been cleared to keep competing after the Court of Arbitration for Sport temporarily halted Fifa-imposed bans while their appeal is reviewed, Malaysia’s football federation said on Tuesday. Last September, Fifa fined the Football Association of Malaysia 350,000 Swiss francs (US$450,000) for fake documents filed to naturalise the seven players, who were also fined and suspended for a year. The players stemmed from Argentina, Brazil, the Netherlands and Spain but had been naturalised in an apparent breach of Fifa rules and played in a qualifying game for the 2027 Asian Cup that Malaysia won against Vietnam. Advertisement The Malaysian federation later took the case to sport’s highest court based in Switzerland after Fifa rejected its appeal. The federation said in a statement on Tuesday that the Court of Arbitration for Sport had approved their request for a stay of execution, allowing the seven players to continue taking part in all football-related activities until a final ruling is made. Advertisement The players involved are Facundo Garces, Rodrigo Holgado, Imanol Machuca, Joao Figueiredo, Gabriel Palmero, Jon Irazabal and Hector Hevel, all of whom have featured for the Harimau Malaya national team.
Gulf Air signed an agreement with SpaceX ’s Starlink to deploy onboard Wi-Fi on Bahrain ’s national carrier, giving Elon Musk ’s company another win in the competition for connectivity among Middle East carriers. Starlink will start operating on Gulf Air’s Airbus SE A320s starting in the middle of the year and will then be rolled out across the entire fleet, the airline said on Tuesday. The state-...
Gulf Air signed an agreement with SpaceX ’s Starlink to deploy onboard Wi-Fi on Bahrain ’s national carrier, giving Elon Musk ’s company another win in the competition for connectivity among Middle East carriers. Starlink will start operating on Gulf Air’s Airbus SE A320s starting in the middle of the year and will then be rolled out across the entire fleet, the airline said on Tuesday. The state-owned carrier will provide the service for free to passengers. Bloomberg reported in August that Gulf Air, as well as Saudi Arabia ’s flag carrier, was in talks with Starlink to equip its fleet. SpaceX has gained a solid foothold in the global aviation market by delivering the fastest Internet connection speeds across the industry using roughly 8,000 satellites. The company’s signed deals with British Airways , Virgin Atlantic , Deutsche Lufthansa AG , and some of Middle East’s biggest airlines in the past year. Qatar Airways was the first airline in the Persian Gulf to offer Starlink, beginning on flights in 2024. SpaceX also announced a deal with Emirates , the world’s largest international airline, and sister carrier Flydubai in November. The Bahrain carrier operates a fleet of about 40 jets, comprised of Boeing Co. 787 Dreamliners and the smaller Airbus A320 and A321 aircraft. Gulf Air purchased 18 Dreamliners in July.
Andrii Yalanskyi/iStock via Getty Images Shares of Horizon Bancorp ( HBNC ) have been a modest performer over the past year, gaining just 1%. Last year, the company raised capital to support a repositioning of its balance sheet, significantly increasing its run-rate net interest income (“NII”) and leaving it well positioned to return to offense. I last covered shares in November , rating Horizon a...
Andrii Yalanskyi/iStock via Getty Images Shares of Horizon Bancorp ( HBNC ) have been a modest performer over the past year, gaining just 1%. Last year, the company raised capital to support a repositioning of its balance sheet, significantly increasing its run-rate net interest income (“NII”) and leaving it well positioned to return to offense. I last covered shares in November , rating Horizon a “ B uy,” and since then it has added 6% as it has moved towards my $20 price target. With updated financials, now is a good time to revisit HBNC. After a year of transition in 2025, I believe HBNC is poised for outperformance in 2026. Seeking Alpha In the company’s fourth quarter , Horizon Bancorp earned $0.53 per share, which beat estimates by $0.03. This is the first full quarter since its securities portfolio repositioning, providing a better indicator of run-rate earnings power. Horizon is a community bank focused on Michigan and Indiana, and this community-centric focus has helped to support loan quality. Importantly, we are now seeing the company’s interest margins reach strong levels, which lays the groundwork for meaningful earnings improvement in 2026. Total deposits ended the quarter at $5.3 billion, which was down 6% from last year. Given excess liquidity, HBNC has allowed high-cost deposits to roll over to better align the size of its deposit base with its loan book. Indeed, over the past year, Horizon has cut interest-bearing deposit rates by 45bps, an extremely strong pull-through of Fed rate cuts. The sharpness of its rate cuts has likely led to some deposit attrition. Going forward with its deposit base more in sync with its loan portfolio, I expect much slower rate reductions as the company returns to a growth footing. I have also been encouraged to see that its share of non-interest-bearing (“NIB”) balances has been growing, which further supports margins. Horizon Bancorp Loan growth was solid with balances up 4.4% sequentially, reaching $4.9 billion. Thi...
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