The cost of credit protection fell by the most in over eight months in Asia, after President Donald Trump signaled the Iran war may be nearing an end. Credit default swaps on the region’s investment-grade debt fell four basis points Tuesday, according to traders. The move marks the biggest decline since late June, according to a Markit iTraxx index . The drop followed a rally in US credit markets ...
The cost of credit protection fell by the most in over eight months in Asia, after President Donald Trump signaled the Iran war may be nearing an end. Credit default swaps on the region’s investment-grade debt fell four basis points Tuesday, according to traders. The move marks the biggest decline since late June, according to a Markit iTraxx index . The drop followed a rally in US credit markets after Trump said the war would resolve “very soon,” remarks that have triggered a rebound in global stocks and risk sentiment in general. Asian CDS had jumped more than seven basis points in the previous two sessions, as surging oil prices and concerns about a prolonged conflict in the Middle East stoked fears of slowing economic growth and resurgent inflation. Read More: Oil Slides After Trump Seeks to Ease Concerns Over War’s Length “Trump’s ‘war could be over soon’ comment raised hopes for a quick end to fighting in the Middle East and gave risk assets a considerable boost,” said Mark Reade , head of credit strategy at Mizuho Securities Asia. “However, we suspect the volatility in rates and credit will continue until the missiles stop and oil transit re-starts.”
Just days ago, Trump said that he would not stop the war until Iran's "unconditional surrender". But after his comments on Monday, it appeared as though an end to a military operation that has roiled the Middle East and led to the near complete shutdown of shipping traffic through the Straits of Hormuz could be in sight.
Just days ago, Trump said that he would not stop the war until Iran's "unconditional surrender". But after his comments on Monday, it appeared as though an end to a military operation that has roiled the Middle East and led to the near complete shutdown of shipping traffic through the Straits of Hormuz could be in sight.
(RTTNews) - Indian shares look set to rebound on Tuesday as oil prices plunged nearly 10 percent on comments by U.S. President Donald Trump that the war in the West Asia could end soon and that he plans to waive oil-related sanctions and have the U.S. Navy escort tankers through the Strait of Hormuz. Also, media reports suggest that the U.S. is considering coordinating sales of oil from the U.S. S...
(RTTNews) - Indian shares look set to rebound on Tuesday as oil prices plunged nearly 10 percent on comments by U.S. President Donald Trump that the war in the West Asia could end soon and that he plans to waive oil-related sanctions and have the U.S. Navy escort tankers through the Strait of Hormuz. Also, media reports suggest that the U.S. is considering coordinating sales of oil from the U.S. Strategic Petroleum Reserve with ?releases from other countries. Benchmark indexes Sensex and Nifty slumped around 1.7 percent each on Monday as investors braced for a potentially prolonged standoff in the Middle East and a global energy crisis. In the forex market, the rupee depreciated by 58 paise to close at a record low of 92.33 against the greenback on continued foreign fund outflows. Foreign investors net sold shares worth Rs 6,346 crore on Monday while domestic institutional investors net bought shares to the extent of Rs. 9,014 crore, according to provisional exchange data. Asian markets were broadly higher this morning, with Japan's Nikkei surging nearly 4 percent and South Korea's Kospi climbing more than 6 percent. The dollar held an overnight decline and bond yields declined while gold traded almost 1 percent higher at $5,180 an ounce. Overnight, U.S. stocks recovered from a sharp early sell-off to end notably higher as oil prices whipsawed and President Trump said the war with Iran may not last that long. Trump told CBS News that he thinks "the war is very complete, pretty much and they have nothing left in a military sense." Trump also added that he's thinking about taking over the Strait of Hormuz. The tech-heavy Nasdaq Composite and the S&P 500 both slumped by as much as 1.5 percent to reach their worst intraday levels in over three months before reversing course to end higher by 1.4 percent and 0.8 percent, respectively. The Dow tumbled by as much as 1.9 percent before finishing half a percent higher. European stocks fell for a third day running on Monday as...
cagkansayin/iStock via Getty Images This article is part of a series that provides an ongoing analysis of the changes made to Prem Watsa's 13F portfolio on a quarterly basis. It is based on Watsa's regulatory 13F Form filed on 02/17/2026. Please visit our Tracking Prem Watsa's Fairfax Financial Holdings Portfolio series to get an idea of his investment philosophy and our previous update for the fu...
cagkansayin/iStock via Getty Images This article is part of a series that provides an ongoing analysis of the changes made to Prem Watsa's 13F portfolio on a quarterly basis. It is based on Watsa's regulatory 13F Form filed on 02/17/2026. Please visit our Tracking Prem Watsa's Fairfax Financial Holdings Portfolio series to get an idea of his investment philosophy and our previous update for the fund's moves during Q3 2025. This quarter, Watsa's 13F portfolio value increased from $2.06B to $2.08B. There are 29 securities in the portfolio, but it is concentrated among a few large stakes. The focus of this article is on the larger (greater than 0.5% of the portfolio each) equity holdings. The top three positions are Orla Mining, Under Armour, and Occidental Petroleum. Together, they account for ~45% of the entire 13F portfolio. Note 1: Fairfax Financial's ( FRFHF ) 13F holdings only represent a small portion of their overall investment portfolio. The total size as of Q4 2025 was $72.92B, of which $8.98B was in cash and short-term positions. FRFHF currently trades at ~$1625 compared to Book Value (Q4 2025) of ~$1260 per share. The equity portfolio was 100% hedged starting from around 2003, but those were removed in Q4 2016. Note 2: Prominent equity allocations not in the 13F report include investments in Greece and India. Greek allocation primarily consists of a ~32% ownership of Eurobank ( EGFEY ) (EGFEF). Other prominent stakes include Fairfax India ( FFXDF ), Thomas Cook India, and Poseidon. Stake Increases Under Armour ( UA ): UA is ~12% of the portfolio position purchased during Q2 2024 at prices between $6.28 and $7.02. There was a ~50% stake increase in the next quarter at prices between $6.18 and $8.41. This quarter saw the bulk of the stake built at prices between $3.95 and $5. The stock currently trades at ~$6.15. Molson Coors ( TAP ) : TAP is ~3% of the portfolio stake established during Q4 2024 at prices between ~$53 and ~$65. The stock is now below that ran...
中國駐英大使館提醒慎防冒充廉署電騙 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】中國駐英國大使館提醒在英國的中國公民提防冒充香港廉政公署的電訊詐騙。 大使館指近期有不法分子冒充廉署人員，向受害人謊稱對方牽涉洗黑...
中國駐英大使館提醒慎防冒充廉署電騙 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】中國駐英國大使館提醒在英國的中國公民提防冒充香港廉政公署的電訊詐騙。 大使館指近期有不法分子冒充廉署人員，向受害人謊稱對方牽涉洗黑錢等罪行，要求配合調查，並誘使對方將資金轉入聲稱屬於廉署人員的帳戶或虛假的「安全帳戶」。大使館提醒，執法機關絕不會透過電話或網絡查案，呼籲不要向陌生人提供個人及銀行戶口資料，如不慎被騙應立即向當地警方報案，並聯絡銀行停止匯款和凍結戶口。