The Africa Finance Corp. is hosting an infrastructure investment summit in the Kenyan capital, where nations are promoting big-ticket projects including railways, airports and renewable power worth at least $45.8 billion. The pan-African financier is mobilizing $2 billion of that from commercial banks, development finance institutions and other lenders. Here are some of the other deals that will b...
The Africa Finance Corp. is hosting an infrastructure investment summit in the Kenyan capital, where nations are promoting big-ticket projects including railways, airports and renewable power worth at least $45.8 billion. The pan-African financier is mobilizing $2 billion of that from commercial banks, development finance institutions and other lenders. Here are some of the other deals that will be discussed: KENYA National Infrastructure Fund — mobilizing $38.7 billion to co-finance priority projects. Nairobi Airport - $1.5 billion to upgrade, rehabilitate and expand Jomo Kenyatta International Airport’s capacity to accommodate 22 million passengers by 2045. Financial close expected by December 2026. Irrigation for commercial agriculture — multi-project pipeline ranging in size from $200 million to $1.8 billion — with private capital expected to provide 60% in commercial debt. TANZANIA Central Corridor — $11.8 billion multi-country electrified standard gauge railway linking commercial hub of Dar es Salaam to Rwandan capital, Kigali, via Isaka, with extensions to Burundi and eastern Democratic Republic of Congo. Some $1.1 billion of funding required for the Uvinza-Musongati section. ZAMBIA Zambia-Lobito railway — $1.3 billion cross-border corridor linking Zambia’s Copperbelt to Angola’s Benguela line and the Port of Lobito. DEMOCRATIC REPUBLIC OF CONGO MetroKin Urban Passenger Rail — $876 million for a 25-kilometer electrified urban railway linking Gare Centrale to N’djili International Airport, forming part of a wider 300-kilometer mass transit network. The railway will have capacity for 450,000 passengers daily and will run on a 35-year public–private partnership concession. GHANA Volta Economic Corridor — $650 million greenfield project for 1.5-gigawatt solar generation and 250-megawatt-hour battery storage. Ticket sizes exceed $100 million and structured as a special-purpose vehicle using a blended finance approach. ETHIOPIA Addis Ababa — Debre Markos Expressway...
Earnings Call Insights: SEI Investments Company (SEIC) Q1 2026 Management view "This was a defining quarter for SEI" and "Q1 adjusted EPS totaled $1.44" with "$67 million of net sales events in Q1, including $57 million of recurring revenue and $10 million of professional services," CEO Ryan Hicke said, adding that "it exceeds our prior quarterly record by more than 40%." Hicke tied the quarter to...
Earnings Call Insights: SEI Investments Company (SEIC) Q1 2026 Management view "This was a defining quarter for SEI" and "Q1 adjusted EPS totaled $1.44" with "$67 million of net sales events in Q1, including $57 million of recurring revenue and $10 million of professional services," CEO Ryan Hicke said, adding that "it exceeds our prior quarterly record by more than 40%." Hicke tied the quarter to SEI’s strategy, saying "the partnership we recently announced with IBM reinforces and accelerates the direction we are taking around infrastructure modernization, automation and responsible AI deployment" and that buybacks will stay central: "In Q1, we repurchased over $200 million of SEI stock." "On a GAAP basis, EPS increased by 20% and operating profit increased 21% versus Q1 of last year," CFO/COO Sean Denham said, while noting "the sequential decline in adjusted EPS from Q4 was expected" due to "a higher effective tax rate and lower investment income and performance fees from LSV" and that these items created "a combined $0.15 headwind to EPS relative to Q4 last year." Denham highlighted Stratos’ first full-quarter consolidation: "Stratos contributed nearly $20 million of revenue and $3 million of operating profit" and "generated $8 million of EBITDA at the consolidated level," and added, "Excluding the impact of Stratos, all of SEI's businesses delivered year-over-year revenue growth, operating profit growth and margin expansion." Outlook SEI did not provide earnings guidance in Q1; Denham described margin sensitivity to growth, saying, "as we have large or improvement in revenue and sales and revenue growth, we expect margins to improve." On IMS demand and potential lumpiness, Hicke said, "we would expect those numbers to continue to grow" but "some quarters will be a little bit lumpier than others based on size of deals and timing." On IMS onboarding and timing, Phil McCabe (Executive VP, Global head of investment managers business) said, "We expect the revenue, it...
Daniel Gros is the director of the Institute for European Policymaking at Bocconi University. Previously, he served as an adviser to the European Parliament, collaborated with the European Commission as economic adviser to the Delors Committee, which developed plans for the euro, and worked at the International Monetary Fund. In this interview, Gros examines the structural tensions shaping EU-Chin...
Daniel Gros is the director of the Institute for European Policymaking at Bocconi University. Previously, he served as an adviser to the European Parliament, collaborated with the European Commission as economic adviser to the Delors Committee, which developed plans for the euro, and worked at the International Monetary Fund. In this interview, Gros examines the structural tensions shaping EU-China economic ties, draws lessons from the euro’s experience to analyse the yuan’s...
The Marches, Shropshire : Recently I had wondered how long this great lime would stay standing. The next day, I had my answer How quickly something that defines a landscape for centuries becomes the absence that redefines it – so it is with ancient trees. The trunk snapped like a carrot at the roots and crashed, its bony branches splintered. Now it lies like a shipwreck stranded in an open field, ...
The Marches, Shropshire : Recently I had wondered how long this great lime would stay standing. The next day, I had my answer How quickly something that defines a landscape for centuries becomes the absence that redefines it – so it is with ancient trees. The trunk snapped like a carrot at the roots and crashed, its bony branches splintered. Now it lies like a shipwreck stranded in an open field, its hulk of twigs an animal pelt stilled. A day before, looking at its 300-year-old architecture of mostly dead wood yet so vividly alive, admiring its form and persistence through years and trouble, standing alone with spring coursing through the land and its timbers, I wondered how long, in tree time, it had left. Continue reading...
In April 2026, Credo Technology Group Holding presented its OmniConnect “Weaver” solution and 224G PAM4 SerDes IP at TSMC’s North America Technology Symposium in Santa Clara, while also advancing a proposed US$750,000,000 acquisition of silicon photonics specialist DustPhotonics. Together, these moves signal Credo’s intent to build a more vertically integrated AI data center connectivity platform ...
In April 2026, Credo Technology Group Holding presented its OmniConnect “Weaver” solution and 224G PAM4 SerDes IP at TSMC’s North America Technology Symposium in Santa Clara, while also advancing a proposed US$750,000,000 acquisition of silicon photonics specialist DustPhotonics. Together, these moves signal Credo’s intent to build a more vertically integrated AI data center connectivity platform spanning active electrical cables, optical modules, and high-speed SerDes. Next, we’ll examine...
Myron Brilliant, former Executive Vice President of the US Chamber of Commerce, says the Middle East conflict is adding uncertainty to the planned Trump-Xi meeting. Chinese officials are reportedly frustrated by the lack of progress and clear direction for the summit, and they remain concerned about President Trump’s unpredictability. However, Brilliant still expects the summit to happen. (Source:...
Myron Brilliant, former Executive Vice President of the US Chamber of Commerce, says the Middle East conflict is adding uncertainty to the planned Trump-Xi meeting. Chinese officials are reportedly frustrated by the lack of progress and clear direction for the summit, and they remain concerned about President Trump’s unpredictability. However, Brilliant still expects the summit to happen. (Source: Bloomberg)
Oracle (NYSE:ORCL) expanded its AI partnership with Google Cloud, adding new database level capabilities for joint customers. The agreement includes the Oracle AI Database Agent for Gemini Enterprise, enabling natural language access to Oracle data. The collaboration supports multi cloud AI workflows that use Oracle databases together with Google Cloud AI services. For investors watching NYSE:ORCL...
Oracle (NYSE:ORCL) expanded its AI partnership with Google Cloud, adding new database level capabilities for joint customers. The agreement includes the Oracle AI Database Agent for Gemini Enterprise, enabling natural language access to Oracle data. The collaboration supports multi cloud AI workflows that use Oracle databases together with Google Cloud AI services. For investors watching NYSE:ORCL, this update sits at the intersection of cloud infrastructure, data management, and enterprise...
The yuan is on track to overtake the yen as the second-most traded currency against the dollar in the foreign-exchange options market, according to London-based clearing house LCH. The dollar-offshore yuan pair is likely to move to second place behind just the euro-dollar when the Bank for International Settlements releases its next triennial survey of foreign exchange and over-the-counter derivat...
The yuan is on track to overtake the yen as the second-most traded currency against the dollar in the foreign-exchange options market, according to London-based clearing house LCH. The dollar-offshore yuan pair is likely to move to second place behind just the euro-dollar when the Bank for International Settlements releases its next triennial survey of foreign exchange and over-the-counter derivatives markets in 2028, said Andrew Batchelor , head of the clearing house’s unit LCH ForexClear. “Yuan internationalization is real,” Batchelor said in an interview in Shanghai. “It’s not necessarily about replacing the dollar. It’s about diversifying currency usage. Markets want choice: the ability to trade and transact in different currencies.” All of the banks that are trading significant amounts of euro-dollar or dollar-yen foreign-exchange options would welcome the ability to clear their dollar-offshore yuan options with LCH as well, Batchelor said. The yuan’s use in worldwide financial markets has been increasing in recent years as China’s economy has grown and the government has introduced a number of measures to support the currency’s globalization. There’s currently a “ golden window ” for promoting the yuan’s internationalization as US policies have weakened the dollar’s credibility, former People’s Bank of China Governor Zhou Xiaochuan said this month. The yuan made up 8.5% of global currency transactions including spot, forwards, swaps and options, based on the most recent BIS survey published last year, up from 7% in 2022. That compared with 89% for the dollar, 28.9% for the euro 16.8% for the yen, and 10.2% for the pound, the data showed. The yuan’s use is being boosted by a number of factors, including increased real-economy trade and cross-border flows, Batchelor said. Other drivers are stronger risk-management needs arising from international markets and growing participation by non-banks seeking trading opportunities in the currency, he said. Use of both th...
Home BancShares ( HOMB ) declares $0.21/share quarterly dividend , in line with previous. Forward yield 3.15% Payable June 3; for shareholders of record May 13; ex-div May 13. See HOMB Dividend Scorecard, Yield Chart, & Dividend Growth. More on Home BancShares Home BancShares, Inc. (HOMB) Q1 2026 Earnings Call Transcript Home BancShares, Inc. 2026 Q1 - Results - Earnings Call Presentation Mountain...
Home BancShares ( HOMB ) declares $0.21/share quarterly dividend , in line with previous. Forward yield 3.15% Payable June 3; for shareholders of record May 13; ex-div May 13. See HOMB Dividend Scorecard, Yield Chart, & Dividend Growth. More on Home BancShares Home BancShares, Inc. (HOMB) Q1 2026 Earnings Call Transcript Home BancShares, Inc. 2026 Q1 - Results - Earnings Call Presentation Mountain Commerce Acquisition Makes Home BancShares Look Even More Attractive Home BancShares outlines Mountain Commerce conversion in November and targets end of 2026 for maximum cost saves Home BancShares Q1 2026 Earnings Preview
Pinnacle West Capital ( PNW ) declares $0.91/share quarterly dividend , in line with previous. Forward yield 3.61% Payable June 1; for shareholders of record May 4; ex-div May 4. See PNW Dividend Scorecard, Yield Chart, & Dividend Growth. More on Pinnacle West Capital Pinnacle West Vs. Avista: Why I'm Upgrading AVA Pinnacle West: Significantly Overvalued Following The AI-Surge Pinnacle West Capita...
Pinnacle West Capital ( PNW ) declares $0.91/share quarterly dividend , in line with previous. Forward yield 3.61% Payable June 1; for shareholders of record May 4; ex-div May 4. See PNW Dividend Scorecard, Yield Chart, & Dividend Growth. More on Pinnacle West Capital Pinnacle West Vs. Avista: Why I'm Upgrading AVA Pinnacle West: Significantly Overvalued Following The AI-Surge Pinnacle West Capital Corporation 2025 Q4 - Results - Earnings Call Presentation Pinnacle West targets 5–7% long-term sales growth through 2030 while advancing grid expansion and regulatory strategy Pinnacle West Capital reports mixed Q4 results; introduces FY26 outlook
Southern Missouri ( SMBC ) declares $0.25/share quarterly dividend , in line with previous. Forward yield 1.52% Payable May 29; for shareholders of record May 15; ex-div May 15. See SMBC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Southern Missouri Seeking Alpha’s Quant Rating on Southern Missouri Historical earnings data for Southern Missouri Dividend scorecard for Southern Missou...
Southern Missouri ( SMBC ) declares $0.25/share quarterly dividend , in line with previous. Forward yield 1.52% Payable May 29; for shareholders of record May 15; ex-div May 15. See SMBC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Southern Missouri Seeking Alpha’s Quant Rating on Southern Missouri Historical earnings data for Southern Missouri Dividend scorecard for Southern Missouri Financial information for Southern Missouri
Pakistan is looking to buy liquefied natural gas from the expensive spot market for the first time in over two years as the government rushes to ease an energy shortfall triggered by the conflict in the Middle East. State-owned Pakistan LNG Ltd. released a rare purchase tender for three LNG shipments for delivery from late April to mid-May, according to a document on its website. Suppliers are req...
Pakistan is looking to buy liquefied natural gas from the expensive spot market for the first time in over two years as the government rushes to ease an energy shortfall triggered by the conflict in the Middle East. State-owned Pakistan LNG Ltd. released a rare purchase tender for three LNG shipments for delivery from late April to mid-May, according to a document on its website. Suppliers are requested to submit offers by Friday, the notice said. Pakistan, which procured nearly all of its LNG from Qatar last year, hasn’t received a shipment since early-March, shortly after the US and Israel began strikes on Iran and Tehran closed the Strait of Hormuz . Qatar was also forced to shut the world’s largest LNG export facility due to an Iranian attacks and cancel deliveries to its customers. Read More: Pakistan Faces Extensive Blackouts as Gas Shortfall Worsens The gas shortage has triggered widespread power outages across Pakistan, posing a significant threat to the country’s economic growth. The move to buy spot cargoes come as LNG supplies remain trapped in the Persian Gulf. Hormuz — a vital waterway for about a fifth of global LNG supply — has effectively been shut to traffic of the fuel since the war began. Four LNG tankers loaded in Qatar over a month ago and currently in the Gulf are signaling Pakistan as their next destination, according to ship-tracking data compiled by Bloomberg. Three of the vessels approached the Strait of Hormuz over the weekend before turning back, and are now once again near Qatari waters, the data shows.
The narrowing gap between Taiwan Semiconductor Manufacturing Co. ’s Taiwanese shares and its US-listed stock is creating a new trading opportunity, according to a UBS Group AG client note. Hedge fund traders should consider buying TSMC’s New York shares while shorting those traded in Taipei, wrote Eric Song , head of equities for Taiwan at the UBS Global Markets division. The derisking triggered b...
The narrowing gap between Taiwan Semiconductor Manufacturing Co. ’s Taiwanese shares and its US-listed stock is creating a new trading opportunity, according to a UBS Group AG client note. Hedge fund traders should consider buying TSMC’s New York shares while shorting those traded in Taipei, wrote Eric Song , head of equities for Taiwan at the UBS Global Markets division. The derisking triggered by the Iran war has been more pronounced for foreign institutional investors than locals, and improving sentiment may drive a rebound in the ADR premium, he said. “While oil prices/inflation/geopolitics may eventually get to the end demand, locals put much more emphasis on bottom-up AI outlook they can actually see in Taiwan,” Song wrote. While he expects local investors to maintain “unwavering confidence” in TSMC shares, he sees foreign institutions’ sentiment improving, leading to a normalization of the ADR premium. The average ADR premium has slipped to 17% this month, a one-year low and down from almost 26% in December, Bloomberg‑compiled data show. On a daily basis, the gap hit a trough of 10% last Thursday, when TSMC raised its revenue outlook alongside reporting a profit surge. The average premium was around 22% over the past year. For hedge funds able to execute long/short strategies, buying the ADRs while selling the Taiwanese shares makes sense when the premium is around 10%, with the opposite trade more attractive near 30%, Song wrote. For long-only investors, switching some stock positions to ADRs may be favorable around the 10% levels, he added. Also read: TSMC Rides Retail Frenzy to New Stock Highs as AI Boom Returns TSMC’s ADRs have typically traded at a premium because they are fungible, unlike the Taiwan-listed shares, which need special regulatory approval to be converted into US equivalent. They are also more easily accessible to foreign investors and are included in gauges like the Philadelphia Stock Exchange Semiconductor Index as well as in popular exch...