Moody’s Ratings upgraded its assessment of Kenya’s debt, citing a reduced risk of default in the near-term. The rating was raised to B3 — six notches below investment grade — from Caa1, the company said in a statement on Tuesday. The outlook was downgraded to stable from positive, it said. The rating upgrade comes as Kenya prepares another eurobond sale, with plans to raise as much as $2 billion. ...
Moody’s Ratings upgraded its assessment of Kenya’s debt, citing a reduced risk of default in the near-term. The rating was raised to B3 — six notches below investment grade — from Caa1, the company said in a statement on Tuesday. The outlook was downgraded to stable from positive, it said. The rating upgrade comes as Kenya prepares another eurobond sale, with plans to raise as much as $2 billion. Fitch Ratings last week held its rating at B- with a stable outlook. Kenya has strengthened its foreign-exchange reserves, narrowed its current-account deficit, stabilized its currency and spent the proceeds of foreign-bond sales on lengthening its debt maturity, Moody’s said. The domestic market has also enabled borrowing for the budget, reducing reliance on external financing. That said, the rating level is still “constrained by weak debt affordability and limited progress on fiscal consolidation, reflecting high domestic borrowing costs and political and social constraints that hinder a durable reduction in the fiscal deficit,” according to Moody’s. It sees Kenya’s fiscal deficit remaining near 6% of gross domestic product and debt at around 67% of GDP. Annual external debt principal payments of as much as $3 billion over the remainder of the decade leaves Kenya’s “credit profile sensitive to shifts in investor sentiment,” it said. “Looking ahead, sustaining market access and pursuing further liability management, when market conditions allow, will remain important given the still sizeable external amortization schedule,” Moody’s said. The firm cut Kenya’s ratings in 2024 citing constraints on raising revenue after the government scrapped proposed tax increases following deadly protests.
Dan Wang, Research Fellow at Stanford University's Hoover Institution and the author of "Breakneck", discusses the parallels between the US and Chinese economies. He speaks with Stephen Engle from the sidelines of the Goldman Sachs Global Macro Conference Asia Pacific in Hong Kong. (Source: Bloomberg)
Dan Wang, Research Fellow at Stanford University's Hoover Institution and the author of "Breakneck", discusses the parallels between the US and Chinese economies. He speaks with Stephen Engle from the sidelines of the Goldman Sachs Global Macro Conference Asia Pacific in Hong Kong. (Source: Bloomberg)
hapabapa Pony.ai ( PONY ) announced a strategic partnership with Beijing ATBB Travel & Express Service Co., Ltd. (ATBB)—a mobility provider in China—to accelerate robotaxi commercialization through an asset-light model. The companies plan to jointly deploy and operate robotaxi services in China's tier-1 cities, extending to airport transfers and business travel. The collaboration leverages ATBB's ...
hapabapa Pony.ai ( PONY ) announced a strategic partnership with Beijing ATBB Travel & Express Service Co., Ltd. (ATBB)—a mobility provider in China—to accelerate robotaxi commercialization through an asset-light model. The companies plan to jointly deploy and operate robotaxi services in China's tier-1 cities, extending to airport transfers and business travel. The collaboration leverages ATBB's fleet investment, service expertise, and Xinghui Mobility platform, integrating Pony.ai's self-operated vehicles for shared demand and resources. The company's total robotaxi fleet has surpassed 1,159 vehicles, exceeding its fleet targets for 2025, and Pony.ai has announced plans to expand to more than 3,000 robotaxis by the end of 2026. More on Pony AI Pony AI: Shoring Up Cash Reserves And Bolstering Fare Revenue Pony AI: Massively Expanded Fleet And A Path To Profitability Scaling Up: How Pony AI's Fleet Targets Could Double Revenue By 2026 Pony AI lands a bull rating from Macquarie on robotaxi potential Pony AI Non-GAAP EPS of -$0.14, revenue of $25.44M
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Singapore with Shery Ahn and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Singapore with Shery Ahn and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Shadowfax stumbled in its market debut, with shares falling as investors weighed concerns about the logistics firm’s heavy reliance on a handful of large e-commerce clients. The company raised about ₹19.07 billion (about $208.24 million) in its initial public offering. The shares fell about 9% from the offer price of ₹124 to ₹112.60 on Wednesday, valuing the Bengaluru-based logistics firm at rough...
Shadowfax stumbled in its market debut, with shares falling as investors weighed concerns about the logistics firm’s heavy reliance on a handful of large e-commerce clients. The company raised about ₹19.07 billion (about $208.24 million) in its initial public offering. The shares fell about 9% from the offer price of ₹124 to ₹112.60 on Wednesday, valuing the Bengaluru-based logistics firm at roughly ₹64.7 billion (about $706.58 million) on debut, roughly matching its last private valuation of close to ₹60 billion (roughly $655.01 million) in early 2025. The offering, priced in a band of ₹118–124 per share, combined a fresh issue with an offer-for-sale by existing shareholders and was subscribed nearly three times over. Founded in 2015, Shadowfax operates as a third-party logistics provider, handling last-mile and intra-city deliveries for e-commerce marketplaces, quick-commerce platforms and consumer internet companies across India. The company counts e-commerce players including Flipkart and Meesho, as well as quick-commerce and food delivery platforms Zepto and Zomato, among its largest clients, which together account for about 74% of its revenue, according to its prospectus. Its key shareholders include Flipkart, TPG NewQuest, Qualcomm, and the World Bank-backed International Finance Corporation. Shadowfax’s listing comes as the e-commerce and quick-commerce sectors continue to expand in India, driven by rising internet penetration, urbanization, and demand for faster deliveries. Platforms offering same-day or rapid fulfillment have increasingly leaned on third-party logistics providers to scale nationally, placing companies like Shadowfax at the centre of the country’s consumer internet supply chain. The offering includes shares sold by some early and institutional backers, including Flipkart, Eight Roads Ventures, Nokia Growth Partners, Qualcomm, and Mirae Asset. Founders Abhishek Bansal and Vaibhav Khandelwal are not participating in the offer-for-sale and wil...
青衣居民巴士撞旅遊巴 三人受傷送院 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】青衣有居民巴士與旅遊巴相撞，三人受傷送院。 居民巴士車頭撞毀，車門被削開，擋風玻璃及車身玻璃碎裂，旅遊巴右邊車尾亦損毀。晚上七時左...
青衣居民巴士撞旅遊巴 三人受傷送院 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】青衣有居民巴士與旅遊巴相撞，三人受傷送院。 居民巴士車頭撞毀，車門被削開，擋風玻璃及車身玻璃碎裂，旅遊巴右邊車尾亦損毀。晚上七時左右，居民巴士駛至青敬路近青衣城對開，撞到前方旅遊巴，三名巴士乘客受傷，意外原因有待調查。
The Malaysian ringgit rose to its strongest in nearly eight years amid broad dollar weakness and signs the central bank may be comfortable with the currency’s level. The ringgit strengthened as much as 0.9% to 3.9187 per dollar, the highest since April 2018. It is the best performer in Asia after the South Korean won on Wednesday. Emerging Asian currencies got a boost as President Donald Trump’s e...
The Malaysian ringgit rose to its strongest in nearly eight years amid broad dollar weakness and signs the central bank may be comfortable with the currency’s level. The ringgit strengthened as much as 0.9% to 3.9187 per dollar, the highest since April 2018. It is the best performer in Asia after the South Korean won on Wednesday. Emerging Asian currencies got a boost as President Donald Trump’s embrace of a weaker dollar fueled speculation of a longer-term decline in the greenback. Bank Negara Malaysia Governor Abdul Rasheed Ghaffour also said economic fundamentals will provide long-term support to the ringgit, along with ongoing government reforms. “The ringgit could still strengthen further,” buoyed by a solid domestic economic outlook, said Lloyd Chan , currency strategist at MUFG Bank Ltd. The ringgit may gain to 3.85 per dollar by the end of the first quarter amid risk of extended weakness in the greenback, he said. Read More: Malaysian Ringgit, Stocks Hit Highest Since 2018 on AI, Growth The ringgit has surged more than 3% this month. Bank Negara Malaysia doesn’t set or influence the level of the ringgit, Abdul Rasheed said in an interview with state-backed media Bernama on Tuesday. The central bank will maintain orderly market functioning and ensure sufficient liquidity in the market, he said. Malaysia’s role in the artificial intelligence supply chain and narrowing interest rate differential are also supporting the ringgit. The central bank this month maintained its policy rate.
This interactive model has a limit on the number of drivers that can be modified in a single scenario. When the limit is reached those drivers not yet modified become disabled for modification. Your options are: Create new scenarios to try different combinations of driver modifications Reset one of your driver modifications in this scenario in order to modify another driver
This interactive model has a limit on the number of drivers that can be modified in a single scenario. When the limit is reached those drivers not yet modified become disabled for modification. Your options are: Create new scenarios to try different combinations of driver modifications Reset one of your driver modifications in this scenario in order to modify another driver
Key Points Brookfield Renewable Partners has deals with Microsoft and Google to provide clean energy for their data centers. Brookfield Renewable Partners offers a lofty 5.2% yield with a goal of 5% to 9% annual distribution growth. A 50% stake in nuclear power giant Westinghouse could add even more growth to the story. 10 stocks we like better than Brookfield Renewable Partners › You can't build ...
Key Points Brookfield Renewable Partners has deals with Microsoft and Google to provide clean energy for their data centers. Brookfield Renewable Partners offers a lofty 5.2% yield with a goal of 5% to 9% annual distribution growth. A 50% stake in nuclear power giant Westinghouse could add even more growth to the story. 10 stocks we like better than Brookfield Renewable Partners › You can't build a data center without ensuring it has reliable power. Without electricity, artificial intelligence simply doesn't work. That's why AI giants including Microsoft and Alphabet's Google are entrusting Brookfield Renewable Partners (NYSE: BEP) to help them build out their AI data centers. Here's what you need to know about this 5.2%-yielding AI data center play. 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 » What does Brookfield Renewable Partners do? Brookfield Renewable Partners owns clean energy assets. Its portfolio is globally diversified and includes solar, wind, hydroelectric, battery, and nuclear power. It's a one-stop shop for any company that's trying to use renewable power or zero-carbon power such as nuclear energy. Brookfield Renewable Partners signs long-term power supply contracts, generating reliable cash flows to support its hefty yield. At the end of the third quarter of 2025, the average contract length was 13 years. Roughly 70% of its contracts were indexed for inflation. And 75% of Brookfield Renewable Partners' revenue was derived from developed countries. This is a stable and reliable business that rewards income-focused investors very well. The AI opportunity is expanding The company has deals in place to supply Google with 3 gigawatts of power for data centers. The Microsoft deal is even bigger, encompassing 10.5 gigawatts. These deals are geared toward future developments. Overall, Brookfield Renewable Partners expects to make betw...
Taiwan plans to merge its four state-backed asset managers into a local fund giant with about $12 billion of assets, as the government seeks consolidation in the island’s financial industry to boost its competitiveness. “We will move toward the goal of merging the four asset managers into one,” Finance Minister Chuang Tsui-Yun said in response to lawmakers’ questions at the legislature Wednesday. ...
Taiwan plans to merge its four state-backed asset managers into a local fund giant with about $12 billion of assets, as the government seeks consolidation in the island’s financial industry to boost its competitiveness. “We will move toward the goal of merging the four asset managers into one,” Finance Minister Chuang Tsui-Yun said in response to lawmakers’ questions at the legislature Wednesday. The firms involved include First Securities Investment Trust , Mega International Investment Trust , Taiwan Cooperative Securities Investment Trust , and Hua Nan Investment Trust , Chuang said, adding that the deal will be led by First Securities, the largest of the four. The merger would create a money manager with about NT$375.8 billion ($12 billion) in combined assets, according to data as of December from Taiwan’s Securities Investment Trust and Consulting Association. Taiwanese regulators are seeking to beef up the financial industry and diversify the economy away from tech, with consolidation of financial institutions seen as a way to achieve that goal. Officials have also pledged to turn the island into a wealth hub by expanding the local asset management sector. Taiwan Asset Managers Push to Ease Rules on Private Equity Funds Taiwan’s Richest to See Wealth Growth of 10% a Year, Report Says Citi Sees Record Taiwan Client Revenue as Rivals Spar for Deals