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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(RTTNews) - OPmobility SE (OPM.PA), a French automotive supplier, on Tuesday said it has signed a memorandum of understanding with Hyundai Mobis Co., Ltd (012330.KS) to explore the potential acquisition of a controlling stake in Hyundai Mobis' lighting business for undisclosed financial terms. The companies said the strategic partnership is aimed at reaching a final agreement in 2026 and would str...
(RTTNews) - OPmobility SE (OPM.PA), a French automotive supplier, on Tuesday said it has signed a memorandum of understanding with Hyundai Mobis Co., Ltd (012330.KS) to explore the potential acquisition of a controlling stake in Hyundai Mobis' lighting business for undisclosed financial terms. The companies said the strategic partnership is aimed at reaching a final agreement in 2026 and would strengthen its competitiveness in the fast-evolving mobility industry. A potential combination of the two lighting businesses is expected to increase scale, reinforce market and technological leadership, and generate cost efficiencies. The company said the transaction would also expand its product portfolio, customer base, and geographic footprint. On Monday, OPmobility closed trading 2.23% lesser at EUR 16.19 on the Paris Stock Exchange. Hyundai Mobis closed trading 1.18% lesser at KRW 460,000 on the Korean Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Key Points Costco’s ability to increase revenue at each location in the face of macro issues is impressive. Members are loyal to Costco, and there are high renewal rates. An already massive physical footprint isn’t getting in the way of management’s expansion plans. 10 stocks we like better than Costco Wholesale › With fiscal 2025 (ended Aug. 31) net sales of $270 billion, Costco (NASDAQ: COST) is...
Key Points Costco’s ability to increase revenue at each location in the face of macro issues is impressive. Members are loyal to Costco, and there are high renewal rates. An already massive physical footprint isn’t getting in the way of management’s expansion plans. 10 stocks we like better than Costco Wholesale › With fiscal 2025 (ended Aug. 31) net sales of $270 billion, Costco (NASDAQ: COST) is one of the power players in the global retail market. Charlie Munger, long-time right-hand man to Warren Buffett, never sold a share in the business. That's high praise. This retail stock's price has risen 540% in the past decade, even though it's trading 9% below its peak (as of Jan. 23). Investors should keep the business on their radar. Here are three important metrics to know about Costco. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » 1. Same-store sales The first data point that must be tracked is same-store sales (SSS), which measure organic revenue growth from each location, typically over a year-long timeframe. This is the purest test of management's ability to pick the right locations, boost foot traffic, increase spending, and run things efficiently. Costco has a fantastic track record of positive SSS that likely goes back a very long time. The last few years are telling. In the last six fiscal years (including 2020 through 2025), SSS grew. The facts of a global pandemic, supply chain bottlenecks, record inflation, rising interest rates, and weak consumer confidence today didn't matter. The company's ability to keep the positive momentum going in any economic situation highlights how stable demand is. 2. Membership renewal rates Costco doesn't let just anyone walk into its stores. People must pay annual fees to have the right to shop at the company's massive warehouses. Costco has 81.4 million members, a figure that has consistently increase...