Yimei Li, CEO of ChinaAMC, says she has seen mainland depositors gradually moving money into investments and that retail investors are becoming more involved with ETFs. She speaks with Yvonne Man and Minmin Low from the sidelines of “Bloomberg Invest Hong Kong.” (Source: Bloomberg)
Yimei Li, CEO of ChinaAMC, says she has seen mainland depositors gradually moving money into investments and that retail investors are becoming more involved with ETFs. She speaks with Yvonne Man and Minmin Low from the sidelines of “Bloomberg Invest Hong Kong.” (Source: Bloomberg)
An eight-year-old girl has died after collapsing at her home on Hong Kong’s Lantau Island. Emergency personnel arrived at the house in Lo Uk Tsuen Village, Pui O, and found the child unconscious after police received a report from her mother at 8.27am on Wednesday. Paramedics took her to Mui Wo Clinic for resuscitation before she was airlifted to Eastern Hospital in Chai Wan. She was pronounced de...
An eight-year-old girl has died after collapsing at her home on Hong Kong’s Lantau Island. Emergency personnel arrived at the house in Lo Uk Tsuen Village, Pui O, and found the child unconscious after police received a report from her mother at 8.27am on Wednesday. Paramedics took her to Mui Wo Clinic for resuscitation before she was airlifted to Eastern Hospital in Chai Wan. She was pronounced dead at 10.23am after medical staff were unable to revive her. The cause of death has yet to be...
oasis2me/iStock Editorial via Getty Images Mitsubishi Electric Corporation ( MIELY ) has been awarded a government subsidy by the Japan Aerospace Exploration Agency (JAXA) to develop next-generation Inter-Orbit Transportation Vehicles (OTVs). Funded under the second phase of Japan's Space Strategy Fund, the program aims to realize flexible, multi-orbit mobility systems in space. Mitsubishi Electri...
oasis2me/iStock Editorial via Getty Images Mitsubishi Electric Corporation ( MIELY ) has been awarded a government subsidy by the Japan Aerospace Exploration Agency (JAXA) to develop next-generation Inter-Orbit Transportation Vehicles (OTVs). Funded under the second phase of Japan's Space Strategy Fund, the program aims to realize flexible, multi-orbit mobility systems in space. Mitsubishi Electric was previously selected as the representative organization to spearhead the initiative. The company aims to create an agile orbital transfer vehicle (OTV) capable of moving autonomously between different orbital planes to transport satellites and mission-critical payloads. As global space exploration accelerates, the market for on-orbit servicing—spanning satellite refueling, assembly, repairs, and manufacturing, increasingly requires highly advanced orbital logistics networks. Mitsubishi Electric plans to anchor its development in this high-growth sector by leveraging the guidance, navigation, and control technologies proven across its flagship space programs, including the KOUNOTORI cargo transfer vehicle. More on Mitsubishi Electric Mitsubishi Electric Corporation (MIELY) Analyst/Investor Day - Slideshow Mitsubishi Electric to offer free design data for next-gen power semiconductors Mitsubishi Electric to begin shipping 5th-gen EV chip samples in June Historical earnings data for Mitsubishi Electric Dividend scorecard for Mitsubishi Electric
Australian insurance broker Steadfast Group Ltd. received a buyout offer from Amwins Group Inc. and Dragoneer Investment Group LLC. The conditional, non-binding and indicative offer prices the company at A$6 ($4.21) per share in cash, according to a statement by Steadfast Group on Wednesday. Dragoneer intends to buy ownership of Steadfast’s retail brokerage business and Amwins plans to acquire the...
Australian insurance broker Steadfast Group Ltd. received a buyout offer from Amwins Group Inc. and Dragoneer Investment Group LLC. The conditional, non-binding and indicative offer prices the company at A$6 ($4.21) per share in cash, according to a statement by Steadfast Group on Wednesday. Dragoneer intends to buy ownership of Steadfast’s retail brokerage business and Amwins plans to acquire the firm’s underwriting agency business, according to the statement.
Earnings Call Insights: Uranium Energy Corp. (UEC) Q3 fiscal 2026 Management View "This quarter was marked by several defining milestones along the continued execution of our long-term strategy, to become America's first and only vertically-integrated uranium company from mining and processing through refining and conversion." (President, CEO & Director Amir Adnani) "The commencement of production...
Earnings Call Insights: Uranium Energy Corp. (UEC) Q3 fiscal 2026 Management View "This quarter was marked by several defining milestones along the continued execution of our long-term strategy, to become America's first and only vertically-integrated uranium company from mining and processing through refining and conversion." (President, CEO & Director Amir Adnani) "The commencement of production at Burke Hollow is a significant achievement for UEC" and "the largest greenfield ISR uranium project to come into production in more than a decade." (President, CEO & Director Adnani) "During the quarter, 32,000 pounds of uranium concentrate were produced at a total cost per pound of $54.61, including a cash cost per pound of $46.69." (President, CEO & Director Adnani) "Cost per pound did increase during the quarter, but we view this as a temporary and largely a timing-related event." (President, CEO & Director Adnani) "We finished the quarter with $794 million in liquid assets, including $488 million in cash, along with uranium inventory and equities and importantly, no debt." (President, CEO & Director Adnani) "As of April 30, 2026, we held 1.4 million pounds of U308 valued at approximately $127 million at current market prices." (President, CEO & Director Adnani) "We achieved our first U.S. Nuclear Regulatory Commission licensing milestone through receipt of a Docket Number." (President, CEO & Director Adnani) "As we are expecting to increase our production in the coming quarters, definitely, we will see the total cost per pound and cash cost per pound to be comparatively lower than this quarter." (Secretary, Treasurer, CFO & Principal Accounting Officer Josephine Man) "A year ago, we had 103 employees in Wyoming and Texas. Today, we've grown our operations team to 185 personnel." (Senior Vice President of U.S. Operations Brent Berg) Outlook "With these approvals now in hand, we anticipate increased production rates in the fourth fiscal quarter." (President, CEO & Dire...
Kacper Pempel | REUTERS U.S.-based cybersecurity giant CrowdStrike warned Tuesday of increasing cyberattacks from China-based entities aimed at stealing artificial intelligence to narrow the tech gap with the U.S. The Chinese entities accounted for more than 58% of state-sponsored targeted cyberattacks aimed at tech companies, especially their AI assets, CrowdStrike said in a report . "China-nexus...
Kacper Pempel | REUTERS U.S.-based cybersecurity giant CrowdStrike warned Tuesday of increasing cyberattacks from China-based entities aimed at stealing artificial intelligence to narrow the tech gap with the U.S. The Chinese entities accounted for more than 58% of state-sponsored targeted cyberattacks aimed at tech companies, especially their AI assets, CrowdStrike said in a report . "China-nexus adversaries are escalating espionage against technology organizations to steal the AI capabilities and intellectual property they cannot build fast enough on their own," CrowdStrike said in a statement. The analysis covered events over the 12 months to March 31. U.S. restrictions on China's access to AI training chips have restricted Beijing's tech development, although homegrown AI models have sought to slash operating costs while offering nearly similar intelligence . Chinese-affiliated cyberattacks targeted government communications in Southeast Asia and "maintained persistent access" to North American tech organizations by taking advantage of vulnerabilities, CrowdStrike said. The Cyberspace Administration of China did not immediately respond to CNBC's faxed request for comment. Earlier this year, U.S. AI giants Anthropic and OpenAI complained that Chinese companies extracted competitive intelligence from the American tech companies. Analysts at the time cautioned that the boundaries of illicit behavior could be blurry. Over the last several weeks, Anthropic has touted the cyber capabilities of its newest Mythos model and rolled out the tech to CrowdStrike and other companies. Anthropic on Tuesday released a public version of the model, called Claude Fable 5, which rankings firm Artificial Analysis said is " nearly 5 points ahead of any other lab's best model ." CrowdStrike said it also found North Korea-affiliated entities tried to infiltrate IT workforces across North America, Europe and Asia, primarily to generate revenue for the regime. Choose CNBC as your preferre...
JHVEPhoto Entergy ( ETR ) CEO Drew Marsh said the rapid buildout of data centers doesn’t have to be a burden for residential communities. “Data centers really want to be good neighbors,” Marsh old CNBC on Tuesday. “They have reputations that they want to protect, and they want to be part of the community.” The surge in AI-related power demand has sparked concerns among policymakers and homeowners ...
JHVEPhoto Entergy ( ETR ) CEO Drew Marsh said the rapid buildout of data centers doesn’t have to be a burden for residential communities. “Data centers really want to be good neighbors,” Marsh old CNBC on Tuesday. “They have reputations that they want to protect, and they want to be part of the community.” The surge in AI-related power demand has sparked concerns among policymakers and homeowners that residential customers could end up footing the bill for data centers. Marsh said Entergy’s ( ETR ) approach is designed to avoid that outcome by requiring data center operators to cover the costs of serving their facilities while also contributing to expenses that would otherwise be shared across the utility’s customer base, the report said. The electric utility company — which serves customers across Louisiana, Arkansas, Mississippi and Texas — has adopted what it calls a “Fair Share Plus” framework for large data center customers. “The Fair Share part says that they are going to pay all of the incremental infrastructure costs during the life of their contract as needed to support them,” Marsh said. Marsh added that the framework goes beyond requiring data centers operators to simply pay for the infrastructure they use. “The plus part is that they are also covering some of the fixed costs,” Marsh said. “That means overhead costs and storm costs that our existing customers would have already been paying.” At Entergy’s ( ETR ) investor day on Tuesday, Marsh said those provisions are expected to generate roughly $7B in savings for existing customers over the 15 to 20-year life of the contracts. More on Entergy Entergy Corporation (ETR) Analyst/Investor Day - Slideshow Entergy Corporation 2026 Q1 - Results - Earnings Call Presentation Entergy Corporation (ETR) Q1 2026 Earnings Call Transcript Entergy prices equity raise at $113 per share, includes forward settlement option Entergy outlines $57B 4-year capital plan as it targets 8.5% retail sales CAGR through 2029