Australia said on Monday that a woman would lead its army for the first time in history, as part of a reshuffle of the country’s defence force leadership. Lieutenant General Susan Coyle, the current chief of joint capabilities, will become chief of army in July, the government said in a statement. She will replace Lieutenant General Simon Stuart. Coyle’s appointment comes as Australia’s milita...
Australia said on Monday that a woman would lead its army for the first time in history, as part of a reshuffle of the country’s defence force leadership. Lieutenant General Susan Coyle, the current chief of joint capabilities, will become chief of army in July, the government said in a statement. She will replace Lieutenant General Simon Stuart. Coyle’s appointment comes as Australia’s military seeks to boost the number of female officers in its ranks. It faces a wave of allegations of...
Jair Ferreira Belafacce/iStock Editorial via Getty Images The savvy and valuation-conscious investor with a fair bit of luck could make a case that my thesis on Polaris, given in the article found here, was ill-timed and that profit could have been made by investing in Polaris ( PII ) contrary to my forecast. While this would be true, the return that I believe most investors are likely to have as ...
Jair Ferreira Belafacce/iStock Editorial via Getty Images The savvy and valuation-conscious investor with a fair bit of luck could make a case that my thesis on Polaris, given in the article found here, was ill-timed and that profit could have been made by investing in Polaris ( PII ) contrary to my forecast. While this would be true, the return that I believe most investors are likely to have as a result of the company is, for the time being, negative, as per the following RoR and underperformance. Seeking Alpha Polaris RoR Polaris is a trickier business than investors give it credit for. Many analysts cite Polaris as being a safe and reliable manufacturer of off-road vehicles, even with military and other appealing applications. They, however, miss that the company, in the past few years, has been tested on exactly these assumptions, and in many cases failed to live up to its expectations - and the proof of this is both in results and other analyzable factors in the companies. Whenever something is coined as being a "value investment", I tend to pay attention. Many times, what I am seeing is, in fact, a value investment, an attractive one, that I can invest in. Other times, however, what we turn out to have is an investment that, for one reason or another, is in fact not a value investment at all , but a mix of a value trap and a company that has seen its "best days" come and go. The two sides for the company we're looking at are basically one saying that this is a value investment, with recent results reinforcing the value proposition, and the other, to which I belong, saying that this is not necessarily a value investment and needs to be priced contrary to how it used to be viewed a few years ago. In this article, I will look at my thesis given 4 months ago, what signs there are that I should upgrade my $40 PT that I gave for the company in that piece, and what (if any) signs there are that things are not looking up at all. Polaris - Upside is There if You Premi...
Union Bancaire Privée is buying gold again after cutting a significant position in response to an Iran war-induced slump, saying it believes the long-term outlook remains intact. The Swiss private bank is gradually adding bullion to discretionary client portfolios after cutting exposure to 3% from around 10%. The metal has tumbled since the war began due to fears of higher interest rates, and a li...
Union Bancaire Privée is buying gold again after cutting a significant position in response to an Iran war-induced slump, saying it believes the long-term outlook remains intact. The Swiss private bank is gradually adding bullion to discretionary client portfolios after cutting exposure to 3% from around 10%. The metal has tumbled since the war began due to fears of higher interest rates, and a liquidity squeeze that saw traders offload holdings to cover losses elsewhere. “We have taken the first steps to rebuild” gold portfolios after the flush-out of “one-sided positions,” Head of Discretionary Portfolio Management in Asia Paras Gupta said in an interview. The bullion positions of institutional and retail investors are now “quite balanced,” he added. The bank managed around CHF184.5 billion ($233 billion) of client asset as of last year. UBP is looking to further rebuild its gold positions, consisting mostly of bullion-backed exchange-traded funds, after they recovered to around 6% of discretionary portfolios. Gupta said the bank still sees prices rising to $6,000 an ounce by the end of the year as structural demand — including central bank buying, concerns about fiscal deficits and geopolitical tensions, remain intact. Gold fell on Monday after US-Iran peace talks ended without resolution and the US said it would blockade the Strait of Hormuz. Bullion has fallen by around a 10th since the war began as investors focus on inflationary risks as energy prices surge. “The risk of inflation is coming in more immediately,” Gupta said. This could weigh on gold in the short term, but the macro forecast does not point toward recession, he added. UBP’s view echoes a slew of investment banks that have recently affirmed bullion’s longer-term outlook despite the recent downturn. ANZ Banking Group Ltd. and Goldman Sachs Group Inc. have projected gold prices to go higher. Dip-buyers have recently stepped in to help bullion claw back some losses. Global holdings by gold-backed ET...
Emerging assets declined as escalating tensions in the Middle East following a breakdown in peace negotiations sapped risk sentiment. The MSCI Emerging Markets Index fell as much as 1.2% in Asian trading, weighed by tech shares including Samsung Electronics Co. and Tencent Holdings Ltd. Currencies in the region mostly weakened against the dollar, with the Indian rupee and South African rand droppi...
Emerging assets declined as escalating tensions in the Middle East following a breakdown in peace negotiations sapped risk sentiment. The MSCI Emerging Markets Index fell as much as 1.2% in Asian trading, weighed by tech shares including Samsung Electronics Co. and Tencent Holdings Ltd. Currencies in the region mostly weakened against the dollar, with the Indian rupee and South African rand dropping more than 0.7% each. The Hungarian forint outperformed after a landslide win by the pro-European opposition party. A surge in oil prices back above $100 a barrel after US President Donald Trump ordered a blockade of the Strait of Hormuz is raising inflationary concerns for countries reliant on crude imports, particularly in Asia. The escalation halted a rebound in emerging assets after last week’s ceasefire lifted hopes that the war was nearing an end. “The weakness is not completely done, it will be a slow bleed for a lot of the energy importers,” said Abbas Keshvani , a macro strategist at Royal Bank of Canada in Singapore. “Every day that energy prices remain high , importers in places like India and Korea are having to bid for more dollars than they normally do — this represents a gradual, regular bid for dollars.” Global Bonds Slide as Failure of Talks Adds to Inflation Fears Failure of US-Iran Talks Weigh on Risk Assets Monday Hungary’s currency gained around 2% against the euro after Prime Minister Viktor Orban was ousted in a landslide victory by Peter Magyar’s Tisza party. The result vindicates bets by investors who had been positioning for the historic win, which may help unlock access to billions of euros in European Union funding. The “market was already pricing some chances of Tisza victory but with supermajority there is decent room for Hungarian assets to outperform,” Morgan Stanley economists and strategists including Georgi Deyanov wrote in a note to clients. “Even though external backdrop is not supportive, these results would be quite positive to reduc...
格隆汇4月13日|据澎湃,有市场消息称,荣耀正与字节跳动就“豆包手机”相关合作展开接洽。对此,有知情人士透露,目前细节尚未达成一致。去年12月,中兴通讯与字节合作推出了豆包AI手机。2025年12月5日,豆包手机助手发布《关于调整AI操作手机能力的说明》,称计划在接下来的一段时间,在部分场景,对AI操作手机的能力做一些规范化调整。还强调,将积极与各方沟通,希望推动形成更加清晰、可预期的规则,避免用一刀切的方式否定用户合理使用 AI 的权利。