Caistor St Edmund, Norfolk: A large mare is being aggressive not just to the dying deer in its paddock, but also me for trying to save it It’s been a strange few weeks, not least because Dad is in hospital. On the farm, we’re all trying to carry on as normal. Outside, too, has seemed peculiar: three oystercatchers on the cut grass of the Norfolk Showground event venue, their orange beaks flashing ...
Caistor St Edmund, Norfolk: A large mare is being aggressive not just to the dying deer in its paddock, but also me for trying to save it It’s been a strange few weeks, not least because Dad is in hospital. On the farm, we’re all trying to carry on as normal. Outside, too, has seemed peculiar: three oystercatchers on the cut grass of the Norfolk Showground event venue, their orange beaks flashing neon as they probed for earthworms. Unlike many waders, oystercatchers can nest in peculiar places such as rooftops or roundabouts , as extra protection for their young. Still, to find them here, hemmed in by a dual carriageway, is a surprise. Dad reminds me, from his hospital bed, that the River Yare is close. Continue reading...
Deutsche Bank AG is marketing a $230 million private-credit deal for Malaysian budget airline AirAsia Aviation Group , according to people familiar with the matter, testing investor demand for the carrier amid rising fuel prices. The 18-month transaction takes the form of a revenue bond backed by ticket sales of several AirAsia routes, said the people, who asked not to be named discussing private ...
Deutsche Bank AG is marketing a $230 million private-credit deal for Malaysian budget airline AirAsia Aviation Group , according to people familiar with the matter, testing investor demand for the carrier amid rising fuel prices. The 18-month transaction takes the form of a revenue bond backed by ticket sales of several AirAsia routes, said the people, who asked not to be named discussing private matters. Deutsche Bank has underwritten and fully funded the deal, and is now approaching selected banks and funds for syndication, they said. Deutsche Bank and AirAsia both declined to comment when contacted by Bloomberg. Oil prices have surged since the start of March as the Iran war led to attacks on energy infrastructure across the Middle East and the closure of the vital Strait of Hormuz shipping lane. The sharp jump in jet fuel prices has prompted a number of airlines to cut back on services . On the positive side, AirAsia’s near-term outlook remains supported by sustained travel demand and a slew of cost-cutting measures such as fleet maintenance optimization and strategic network planning, according to a research note from Public Investment Bank cited by Malaysian news agency Bernama. The structure of the latest AirAsia deal is similar to a two-tranche , $443 million securitized bond the airline carried out in 2024, which was also backed by revenues from ticket sales. Private credit funds Ares Management Corp. and Indies Capital Partners Pte. provided a $200 million tranche, while aircraft lessors supplied the other $243 million portion. Asia Private Credit Debate Changes to Soothe Jittery Investors India’s Shapoorji Seeks to Delay Paying $1.5 Billion of Debt Ares Hires Ex-Goldman China Chief Morse as Asia Credit Head
Parsley Ong, Asia Energy & Chemicals Research Head at JPMorgan, explains the scenarios her team has mapped out for oil prices as tensions continue to simmer in the Strait of Hormuz. She speaks on Bloomberg's The China Show. (Source: Bloomberg)
Parsley Ong, Asia Energy & Chemicals Research Head at JPMorgan, explains the scenarios her team has mapped out for oil prices as tensions continue to simmer in the Strait of Hormuz. She speaks on Bloomberg's The China Show. (Source: Bloomberg)
Residents in low-lying areas of New Zealand’s capital city Wellington were urged to evacuate on Monday, as heavy rain continued to drench the city, which experienced flash flooding overnight. A state of emergency was declared for the region on Monday afternoon, while weather forecaster MetService upgraded its heavy rain warning to red, the highest level, which indicates a threat to life from da...
Residents in low-lying areas of New Zealand’s capital city Wellington were urged to evacuate on Monday, as heavy rain continued to drench the city, which experienced flash flooding overnight. A state of emergency was declared for the region on Monday afternoon, while weather forecaster MetService upgraded its heavy rain warning to red, the highest level, which indicates a threat to life from dangerous river conditions, significant flooding and slips. Mayor Andrew Little told state-owned Radio...
undefined undefined The People’s Bank of China stood pat on its main lending rates at record lows for an 11th straight month in April 2026, matching market expectations . The one-year LPR was held at 3.0%, and the mortgage-linked five-year LPR remained at 3.5% . The hold comes as China’s economy grew at a faster-than-expected 5% pace in Q1 , reducing the immediate pressure for further rate cuts. A...
undefined undefined The People’s Bank of China stood pat on its main lending rates at record lows for an 11th straight month in April 2026, matching market expectations . The one-year LPR was held at 3.0%, and the mortgage-linked five-year LPR remained at 3.5% . The hold comes as China’s economy grew at a faster-than-expected 5% pace in Q1 , reducing the immediate pressure for further rate cuts. Authorities have lowered that target to 4.5%–5%, the least ambitious since the 1990s. Meanwhile, the central bank has pledged to keep policy “supportive” and “moderately loose” to shore up activity while maintaining currency stability. On Monday, the Shanghai Composite rose 0.5% to a one-month high of 4,071, while the Shenzhen Component gained 0.6% to 14,975 , and the offshore yuan held steady around 6.81 per dollar on Monday, near its strongest level since February 2023, after China kept its key lending benchmarks unchanged ETFs: (NYSEARCA: FXI ), (NYSEARCA: KWEB ), (NYSEARCA: CQQQ ), (NASDAQ: MCHI ), (NYSEARCA: ASHR ), (NYSEARCA: YINN ), (NYSE: TDF ), (NYSEARCA: CHIQ ), (NYSEARCA: GXC ), (NYSEARCA: EWH ), (NYSEARCA: KBA ), (NYSEARCA: YANG ), (NASDAQ: CXSE ), (NYSE: CAF ), (NYSEARCA: CWEB ), (NASDAQ: PGJ ), (NYSEARCA: KURE ). Currency: ( CNY:USD ) More on China markets and economy: CQQQ: Fairly Valued For A Reason CQQQ: The China Tech ETF That Keeps Testing Your Patience KWEB: Legacy Businesses Take Time To Phase-Out Asian markets retreat as investors book profits following landmark US-Iran peace deal From boom to burden: China real estate downturn threatens long-term growth
Taiwan is weighing a proposal to permit listed companies to distribute dividends in US dollars, a change from the rule requiring payouts in the local currency, according to people familiar with the matter. The Financial Supervisory Commission is currently evaluating operational details, the people said, asking not to be identified because the discussions are private. While the regulator is reviewi...
Taiwan is weighing a proposal to permit listed companies to distribute dividends in US dollars, a change from the rule requiring payouts in the local currency, according to people familiar with the matter. The Financial Supervisory Commission is currently evaluating operational details, the people said, asking not to be identified because the discussions are private. While the regulator is reviewing the framework, a timeline for a potential rollout remains unclear. The plan was put forth by Taiwanese firms that maintain sizable US dollar positions and a high concentration of overseas shareholders, one of the people said. Proponents argue the shift would streamline capital flows by eliminating the conversion process that currently adds friction to the market. A video guide to reading Bloomberg Chinese news here. Under existing rules, firms earning revenue in dollars must convert those funds into Taiwan dollars to issue dividends, only for foreign investors to immediately convert them back into greenbacks to repatriate the capital. Beyond reducing transaction costs, the change could help smooth seasonal currency fluctuations. Large-scale conversions during peak dividend cycles often trigger short-term volatility for the Taiwan dollar, a phenomenon also seen in other Asian markets with high foreign ownership, such as South Korea . A formal policy shift is unlikely to take effect before the peak dividend season in July, one of the people said, adding that amending the relevant regulations will require significant lead time. The FSC declined to comment. The island’s listed companies have announced a total of NT$2.2 trillion ($70 billion) in dividends for 2025, with crown-jewel chipmaker Taiwan Semiconductor Manufacturing Co. among the biggest contributors. Foreign investors owned 45% of Taiwanese listed stocks as of last year, according to FSC data.
Getty Images Introduction & Investment Thesis When I last wrote about lululemon ( LULU ) in January, I called it my "contrarian retail pick for 2026." Three months into the post, the stock has not yet delivered positive returns. On the contrary, the stock is down close to 16% since the time of my publication, underperforming the S&P 500 during this period of time. This is because the timing of the...
Getty Images Introduction & Investment Thesis When I last wrote about lululemon ( LULU ) in January, I called it my "contrarian retail pick for 2026." Three months into the post, the stock has not yet delivered positive returns. On the contrary, the stock is down close to 16% since the time of my publication, underperforming the S&P 500 during this period of time. This is because the timing of the inflection is taking longer than I originally expected, while analysts have revised their forward growth estimates lower while still expecting revenue and earnings growth to inflect higher from current levels. The way I see it, the bar is set quite low at this point for lululemon to beat and raise, especially as its Americas business shows early signs of inflection when excluding the 53rd week from 2024, while management doubles down on its full-price strategy to protect its premium positioning as well as its margins. As a result, I continue to remain optimistic about the company and its stock and reiterate my “buy” rating, especially as its forward PE ratio has further contracted to 13.5x since my previous post. Americas Shows Early Signs of a Turnaround, While International Momentum Continues lululemon reported its Q4 FY25 earnings last month, where the company beat expectations on both revenue and earnings per share. On the revenue front, lululemon’s revenue slowed on a sequential basis, growing 1% YoY to $3.64B, with global comparable sales growing 3%. Out of the $3.6B in revenue, Americas revenue decreased at a faster rate compared to the previous quarter, at 4%, to $2.7B, contributing 74% of total revenue, down from 77% last year. However, excluding the 53rd week of 2024, Americas net revenue was flat, which should be considered an improvement from the previous quarter, where it declined 2%. During the earnings call , management discussed their strategic focus on returning their North America business to healthier levels of full-price sales, driven by product newness...
seb_ra Shares of Japan’s largest defense contractor, Mitsubishi Heavy Industries ( MHVYF ) ( MHVIY ), rose nearly 4% on Monday after the country finalized a deal with Australia to build three general-purpose frigates. This will be Japan’s first ever warship export project, with the first vessel scheduled to be delivered to the Royal Australian Navy in 2029. Shares of MHI have gained about 75% in t...
seb_ra Shares of Japan’s largest defense contractor, Mitsubishi Heavy Industries ( MHVYF ) ( MHVIY ), rose nearly 4% on Monday after the country finalized a deal with Australia to build three general-purpose frigates. This will be Japan’s first ever warship export project, with the first vessel scheduled to be delivered to the Royal Australian Navy in 2029. Shares of MHI have gained about 75% in the last 12 months. Australia and Japan signed contracts on Saturday to deliver the first three of a 10 billion Australian dollar ($6.5 billion) fleet of Japanese-designed warships, with the first due for delivery in three years. Mitsubishi Heavy Industries will build the first three Mogami-class frigates in Japan . Australia plans to build another eight in a shipyard in Western Australia state. More on Mitsubishi Heavy Industries, Ltd. Mitsubishi Heavy Industries: A Bull On Q3 Beat, Likely Full-Year Surprise Alaska takes step closer to first new U.S. coal power plant since 2013 China tightens export controls on Japanese firms to curb 'remilitarization' Historical earnings data for Mitsubishi Heavy Industries, Ltd. Financial information for Mitsubishi Heavy Industries, Ltd.
Phillips 66 ( PSX ) declares $1.27/share quarterly dividend , in line with previous. Forward yield 3.25% Payable June 1; for shareholders of record May 18; ex-div May 18. See PSX Dividend Scorecard, Yield Chart, & Dividend Growth. More on Phillips 66 Phillips 66: Strong Execution, But The Stock Got There First Phillips 66: Wartime Beneficiary Of Surging Diesel And Chemicals Margin (Double Rating U...
Phillips 66 ( PSX ) declares $1.27/share quarterly dividend , in line with previous. Forward yield 3.25% Payable June 1; for shareholders of record May 18; ex-div May 18. See PSX Dividend Scorecard, Yield Chart, & Dividend Growth. More on Phillips 66 Phillips 66: Strong Execution, But The Stock Got There First Phillips 66: Wartime Beneficiary Of Surging Diesel And Chemicals Margin (Double Rating Upgrade) Phillips 66 (PSX) Presents at Piper Sandler 26th Annual Energy Conference 2026 Transcript Global oil supply will not snap back quickly after Iran war, Phillips 66 CEO Lashier says Phillips 66 forecasts up to $1B in derivatives losses as oil prices rise
Five Star Bancorp ( FSBC ) declares $0.25/share quarterly dividend , in line with previous. Forward yield 2.41% Payable May 11; for shareholders of record May 4; ex-div May 4. See FSBC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Five Star Bancorp Five Star Bancorp (FSBC) Q4 2025 Earnings Call Transcript Five Star Bancorp 2025 Q4 - Results - Earnings Call Presentation Top small cap ...
Five Star Bancorp ( FSBC ) declares $0.25/share quarterly dividend , in line with previous. Forward yield 2.41% Payable May 11; for shareholders of record May 4; ex-div May 4. See FSBC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Five Star Bancorp Five Star Bancorp (FSBC) Q4 2025 Earnings Call Transcript Five Star Bancorp 2025 Q4 - Results - Earnings Call Presentation Top small cap U.S. regional banks with high price-to-book multiples and strong momentum grades Five Star Bancorp targets 10% balance sheet growth in 2026 while boosting dividend and expanding Bay Area presence Seeking Alpha’s Quant Rating on Five Star Bancorp