Shipments of foreign-branded phones, including Apple's ( AAPL ) iPhone, in China fell 7.7% in February year-over-year, Reuters reported, citing its calculations based on data from a government-affiliated research firm. The data from the China Academy of Information and Communications Technology, or CAICT, showed that shipments of foreign-branded phones in China were 2.4M units in February, the ...
Shipments of foreign-branded phones, including Apple's ( AAPL ) iPhone, in China fell 7.7% in February year-over-year, Reuters reported, citing its calculations based on data from a government-affiliated research firm. The data from the China Academy of Information and Communications Technology, or CAICT, showed that shipments of foreign-branded phones in China were 2.4M units in February, the report added . Overall phone shipments in China in February fell 14.6% year-on-year to 16.8M units, the report noted. China's smartphone market is dominated by companies such as vivo, Xiaomi ( XIACF ) ( XIACY ), Huawei Technologies, Apple ( AAPL ), Oppo, and Honor. Last week, Counterpoint Research said that Apple's ( AAPL ) iPhone sales in China surged 23% year-over-year in the first nine weeks of 2026, contrary to the broader market decline where phonemakers are planning to increase prices amid rising memory prices. More on Apple Apple Stock Price Firms Near $252 After WWDC Date Steadies Sentiment Apple Stock Price Slips At $252 As Tech Investors Pivot To Defensive Positioning Apple: Embracing AI The Way It Knows Best, Through Design (Rating Upgrade) Apple may launch standalone Siri app, 'Ask Siri' button in iOS 27: report Apple's C1X modem among key news reports highlighted by Wells Fargo
The Philippine government can back efforts of airlines to secure jet fuel, reducing the risk of aircraft groundings as the global oil shortage triggered by the Iran war threatens air travel, according to the nation’s transportation chief. The government can help the country’s airlines obtain guarantees that oil contracts will be honored, Transportation Secretary Giovanni Lopez said in an interview...
The Philippine government can back efforts of airlines to secure jet fuel, reducing the risk of aircraft groundings as the global oil shortage triggered by the Iran war threatens air travel, according to the nation’s transportation chief. The government can help the country’s airlines obtain guarantees that oil contracts will be honored, Transportation Secretary Giovanni Lopez said in an interview with Bloomberg Television’s Haslinda Amin on Wednesday. “It’s incumbent upon them to source their own fuel. All we have to do is to intervene to make sure other countries, our counterparts, will honor the contracts,” he said. The reassurances were given a day after Philippine President Ferdinand Marcos Jr. told Bloomberg Television that there was a “distinct possibility” planes could be grounded due to a shortage of jet fuel. Airlines in Asia are mapping out contingency plans that include grounding planes as the Middle East conflict threatens to trigger the worst oil shock since the 1970s. The Philippines imports almost all of its oil needs from the Middle East, so it’s more vulnerable than most countries in the region on shortages in supply and surging prices. Lopez said the Philippines has about 39 days supply of jet fuel and the prospect of airplane groundings was “a very remote possibility.” Flag carrier Philippine Airlines Inc. earlier in the day said it has enough fuel to continue operations for the foreseeable future, including long-haul flights, but company President Richard Nuttall said they don’t have visibility on supply beyond June. Low-cost carrier Cebu Air Inc. this week announced flight reductions amid high fuel prices. Read More: Philippine Airlines Chief Says Nation May Need to Ration Fuel The transport agency has cut aviation fees to soften the blow of rising fuel costs on airlines, Lopez said.
In this article OWL MS APO RJF BARC-GB ARES BX Follow your favorite stocks CREATE FREE ACCOUNT Deteriorating asset quality, collateral markdowns and a growing rush for the exits are rattling private credit markets and prompting comparisons to the Global Financial Crisis. But a spike in loan defaults, while painful, could help shake out pockets of stress from the $3 trillion sector and provide what...
In this article OWL MS APO RJF BARC-GB ARES BX Follow your favorite stocks CREATE FREE ACCOUNT Deteriorating asset quality, collateral markdowns and a growing rush for the exits are rattling private credit markets and prompting comparisons to the Global Financial Crisis. But a spike in loan defaults, while painful, could help shake out pockets of stress from the $3 trillion sector and provide what one industry pro calls a "healthy reset" after its first major liquidity test. Ares Management on Tuesday opted to curb investor withdrawals from its $10.7 billion private credit fund, just a day after Apollo Global Management unveiled similar measures in one of its vehicles. Ares has capped redemptions in its Ares Strategic Income Fund at 5%, after withdrawal requests surged to 11.6%, according to a Bloomberg report. Other managers, including Blue Owl Capital and Cliffwater, have also scrambled to halt or restrict withdrawals in recent weeks, as rising default fears spark an investor retreat from the sector. Comparisons to the build-up to the 2008 Global Financial Crisis are now intensifying as concerns over underlying loan quality grow. Morgan Stanley recently warned default rates in private credit direct lending could surge to 8%, well above the 2-2.5% historical average, with pressure concentrated in sectors vulnerable to AI disruption, such as software. 'Significant but not systemic' However, Morgan Stanley analysts led by strategist Joyce Jiang also said an 8% default spike would be "significant but not systemic," pointing to lower leverage among private credit funds and business development companies compared with 2008. Stock Chart Icon Stock chart icon Ares Management. So what would a default spike of that magnitude look like in practical terms? "An 8% default rate takes private credit from a 'zero loss' fantasy to a more normal credit asset class — painful in spots, but ultimately a healthy reset that frees up capital for stronger businesses," said Sunaina Sinha H...
(RTTNews) - Asian stocks rallied on Wednesday after U.S. President Donald Trump said the U.S. and Iran were "in negotiations right now" and they "want to make a deal so badly".
(RTTNews) - Asian stocks rallied on Wednesday after U.S. President Donald Trump said the U.S. and Iran were "in negotiations right now" and they "want to make a deal so badly".
Mondelez International, Inc. is tapping the Swiss franc bond market for the first time, joining a flurry of international firms turning to the currency for debt. The snacks maker, which owns brands such as Oreo, Cadbury and Milka, is selling a three-part bond across maturities in 2029, 2032 and 2036, according to a person familiar with the matter who asked not to be identified. The company will us...
Mondelez International, Inc. is tapping the Swiss franc bond market for the first time, joining a flurry of international firms turning to the currency for debt. The snacks maker, which owns brands such as Oreo, Cadbury and Milka, is selling a three-part bond across maturities in 2029, 2032 and 2036, according to a person familiar with the matter who asked not to be identified. The company will use the funds to repay debt and for general corporate purposes. International borrowers have been rushing to the Swiss franc market this year, with Google parent company Alphabet Inc raising a 3.055 billion Swiss franc ($3.8 billion) bond earlier this year, the biggest transaction on record for the currency. Bankers say companies could issue more than 25 billion Swiss francs of bonds this year, far beyond normal volumes, as they look to diversify their funding sources and make the most of Switzerland’s low interest rates. Read More: Swiss Bond Market Eyes Blowout Sales Boosted by Alphabet’s Debut Deutsche Bank AG, BNP Paribas SA, Commerzbank and Goldman Sachs International are managing the deal that is expected to price later on Wednesday. Broader European primary market activity is continuing, with a handful of borrowers also raising debt in euros on Wednesday. Overall sales have fallen behind last year’s pace for the first time since January as the war in the Middle East has slowed borrowing activity.