H&M first-quarter sales fell short of expectations in a period plagued by weak consumption and large currency effects. Bloomberg Opinion columnist Andrea Felsted weighs in on the challenges facing the Swedish fast-fashion retailer. Her views are her own. (Source: Bloomberg)
H&M first-quarter sales fell short of expectations in a period plagued by weak consumption and large currency effects. Bloomberg Opinion columnist Andrea Felsted weighs in on the challenges facing the Swedish fast-fashion retailer. Her views are her own. (Source: Bloomberg)
Spanish drugmaker Grifols SA will address a parliamentary hearing in Canada, following the recent death of two patients who had made blood plasma donations. Mary Hughes, Grifols’ vice-president of sales in Canada, is due to testify before a health committee on March 26 in Ottawa, according to the House of Commons website. Other pharmaceutical industry representatives have also been summoned. The p...
Spanish drugmaker Grifols SA will address a parliamentary hearing in Canada, following the recent death of two patients who had made blood plasma donations. Mary Hughes, Grifols’ vice-president of sales in Canada, is due to testify before a health committee on March 26 in Ottawa, according to the House of Commons website. Other pharmaceutical industry representatives have also been summoned. The parliamentary procedures started after Health Canada — which has oversight of health policy — received reports that two people died following blood plasma donations at two Grifols collection centers in Winnipeg, one in October and one in January. Another patient has sued Grifols, alleging kidney damage caused by equipment failure. Health Canada told Bloomberg News the investigation was ongoing and that no link had been made so far between the donation process and the fatalities. Health Canada permitted both Grifols sites to continue operations, according to a statement. A spokesperson for the company said Grifols would be issuing a statement after the hearing. Grifols has in recent years been expanding its business in Canada. In 2022, the Barcelona-based company signed a 15-year contract with the Canadian Blood Services as the country seeks to increase the supply of plasma and cut reliance on manufacturing facilities in the US and Europe. Grifols produces drugs from blood plasma, donations of which are heavily regulated in many countries. The US and Canada are rare countries that do allow people to sell plasma to companies such as Grifols. Earlier this week Grifols announced it planned to list its US biopharma unit — its main subsidiary for acquiring plasma to made into drugs. The company aims to raise as much as $5 billion to pay down debt and the carved out unit could be valued at close to four times the size of its parent company, Bloomberg reported .
在对于拉丁美洲所有的魔幻叙事中，隐秘的支付网络尤为危险且迷人。 这是一片汇率并不稳定的地区，金钱有时就像水蒸汽，极端情况下，货币一天内就可能贬值50%。过去几年，拉美国家遭遇了数轮货币贬值，比如2020年一季度，墨西哥比索和巴西雷亚尔曾贬值32%，阿根廷比索贬值9%；此后汇率波动愈加剧烈，2023年12月，阿根廷比索一度在一天内贬值超过50%。 而如今，加密货币可以让手里的钱不太容易缩水。也因此，USDT或比特币成为了避险的方式之一。据区块链数据公司Chainalysis近日发布的报告：阿根廷加密货币普及率已逼近20%，860万人正在用币"对抗"通胀。此外，2024年7月至2025年6月期间，巴西转移了3188亿美元的加密资产，占拉丁美洲 (LATAM) 加密经济的三分之一。秘鲁、智利和玻利维亚等一些规模较小的市场也在拉美地区加密货币市场的崛起中发挥了关键作用。 虽然金融信度缺失的地区，但拉美正处于蒸蒸日上的上升期，中产崛起、消费蓬勃，但传统金融供给贫乏、供不应求，利用新技术去处理不同币种之间的交易、以及交易之间的结算，日渐成为刚需。 正如长期关注拉美市场的BAI投资人赵鹏岚所说，全球金融体系最重要的基础设施 SWIFT，是“Move money at Bank speed”，现在在区块链和稳定币的加持下，可以做到“Move money at Internet speed” 。 一场支付革命正在大洋彼岸发生。 01 移动支付，如何重塑拉美？ 根据Worldpay发布的《Global Payments Report 2024》，信用卡仍是拉美线上交易的第一大支付方式，占比略高于40%；但在2019年前后，这一比例还接近55%。份额下滑的空间，被两类支付方式迅速填补，其一是数字钱包，另一个则是实时支付系统。 目前，数字钱包约占拉美线上交易的10%左右；而实时支付系统的占比已超过20%。这一比例在部分市场要更高，较为典型的案例，即是巴西的Pix。 根据Banco Central do Brasil数据，Pix用户已超过1.5亿，2024年，Pix交易量已超过借记卡和信用卡，成为了巴西电子支付的核心方式。 除此之外，现金在拉美的支付方式中长期存在，尤其在低收入和农村群体中，但整体趋势在下降。这是因为，就拉美的就业环境来说，非正规就业根深蒂固，没有重大监管或经济变化难以改变。...
As the Iran war reshapes West Asian geopolitics, Pakistan has unexpectedly emerged as a backchannel mediator between Tehran and Washington, potentially sidelining India’s efforts to assert itself as a credible global diplomatic actor. India, despite its growing partnerships with the US, Israel and the Gulf states, has been absent from any meaningful conflict-resolution initiative on Iran. Umer Kar...
As the Iran war reshapes West Asian geopolitics, Pakistan has unexpectedly emerged as a backchannel mediator between Tehran and Washington, potentially sidelining India’s efforts to assert itself as a credible global diplomatic actor. India, despite its growing partnerships with the US, Israel and the Gulf states, has been absent from any meaningful conflict-resolution initiative on Iran. Umer Karim, a political science researcher at the University of Birmingham, said India’s strengthening...
ismagilov/iStock via Getty Images Key takeaways 1 Fund performance Invesco Rochester® Limited Term New York Municipal Fund Class A ( LTNYX ) shares at net asset value (NAV) outperformed its style-specific index, the S&P Municipal New York Investment Grade 4-7 Years Bond Index. 2 Seeking attractive opportunities through collaborative management Invesco Municipal Bond team uses a collaborative manag...
ismagilov/iStock via Getty Images Key takeaways 1 Fund performance Invesco Rochester® Limited Term New York Municipal Fund Class A ( LTNYX ) shares at net asset value (NAV) outperformed its style-specific index, the S&P Municipal New York Investment Grade 4-7 Years Bond Index. 2 Seeking attractive opportunities through collaborative management Invesco Municipal Bond team uses a collaborative management approach. Relying on our size and experience, we seek to identify the best opportunities to achieve potentially better outcomes for shareholders. 3 Analysis focused on creditworthiness Our team uses a bottom-up fundamental credit process focused on creditworthiness of individual issuers with an overlay of macroeconomic factors to capitalize on market inefficiencies. Our process has been time tested over full market cycles. Manager perspective and outlook In the fourth quarter, investment grade, high yield and taxable municipals delivered positive returns of 1.42%, 1.11% and 1.05%, with annual returns of 4.25%, 2.46% and 7.89%, respectively. 1 Despite a lengthy federal government shutdown, long-duration municipal bonds performed well during the quarter, bolstering market strength. 1 New municipal issuance reached $143 billion for the quarter and a record $584 billion for the year, surpassing last year's record $509 billion. Shifting interest rate policies, higher costs and political uncertainty likely encouraged more issuers to come to market. 1 Net flows for municipal mutual funds and exchange-traded funds (ETFs) were strong, totaling approximately $17.5 billion for the quarter and $52.4 billion for the year. 2 The US Federal Reserve (Fed) cut the federal funds rate twice, by 0.25% in October and 0.25% in December. The Fed reiterated its commitment to balancing maximum employment and a 2% inflation target. 3 We believe state and local municipal budgets remain healthy. While credit rating upgrades have moderated, upgrades outpaced downgrades in 2025, demonstrating to u...
Pony AI Inc. press release ( PONY ): Q4 Non-GAAP EPS of -$0.12. Revenue of $29.13M (-18.0% Y/Y). More on Pony AI Inc. Pony AI: Heading Into Earnings With A Scalable Edge Pony AI: Fleet Growth Should Drive The Stock Higher Pony AI: Shoring Up Cash Reserves And Bolstering Fare Revenue Verne, Pony.ai, and Uber team up to launch Europe’s first commercial robotaxi service Pony AI Inc. Q4 2025 Earnings ...
Pony AI Inc. press release ( PONY ): Q4 Non-GAAP EPS of -$0.12. Revenue of $29.13M (-18.0% Y/Y). More on Pony AI Inc. Pony AI: Heading Into Earnings With A Scalable Edge Pony AI: Fleet Growth Should Drive The Stock Higher Pony AI: Shoring Up Cash Reserves And Bolstering Fare Revenue Verne, Pony.ai, and Uber team up to launch Europe’s first commercial robotaxi service Pony AI Inc. Q4 2025 Earnings Preview