Nomura Research Institute Chief Economist Richard Koo, widely recognized for his work on balance sheet recessions and global macroeconomic trends, believes the fundamental cause of a weak yen is the slow pace of rate hikes by the Bank of Japan. He speaks with Yvonne Man and Minmin Low from the sidelines of 'Nomura Investment Forum Asia' in Singapore. (Source: Bloomberg)
Nomura Research Institute Chief Economist Richard Koo, widely recognized for his work on balance sheet recessions and global macroeconomic trends, believes the fundamental cause of a weak yen is the slow pace of rate hikes by the Bank of Japan. He speaks with Yvonne Man and Minmin Low from the sidelines of 'Nomura Investment Forum Asia' in Singapore. (Source: Bloomberg)
A pedestrian walks past an Indian rupee symbol installation outside the Reserve Bank of India (RBI) building in Mumbai on May 17, 2026. Punit Paranjpe | Afp | Getty Images India's central bank on Friday held interest rates at 5.25% at a time when surging global energy costs have hammered its currency, while the Iran war risks accelerating inflation. The Reserve Bank of India was widely expected to...
A pedestrian walks past an Indian rupee symbol installation outside the Reserve Bank of India (RBI) building in Mumbai on May 17, 2026. Punit Paranjpe | Afp | Getty Images India's central bank on Friday held interest rates at 5.25% at a time when surging global energy costs have hammered its currency, while the Iran war risks accelerating inflation. The Reserve Bank of India was widely expected to keep rates steady, as per economists polled by both Reuters and CNBC. But a minority told CNBC that the central bank could hike rates to support the rupee , as it trades at record lows against the dollar. RBI Governor Sanjay Malhotra said in his statement that the "monetary policy has turned more cautious" as the global economic outlook remains clouded by the "geopolitical impasse" in the Middle East. He added that "sharply escalating energy prices and global supply chain disruptions continue to hinder economic activity." The conflict in the Middle East has posed a severe risk to the Indian economy , as energy supply disruptions have inflated the country's import bill, piling pressure on the rupee that has already been hit by record foreign investor outflows . In an attempt at shoring up the currency, Prime Minister Narendra Modi last month urged citizens to pause gold purchases, conserve fuel, and avoid overseas travel. Policymakers have also taken action to defend the rupee, including selling dollars through state-run banks to stem its slide, according to a Reuters report. The government has also raised duties to curb demand for gold, a move aimed at conserving foreign exchange reserves. Despite these measures, the rupee remains fragile. On a year-to-date basis, the rupee has weakened by over 6% against the dollar as per LSEG data, trading at 95.78 against the greenback. The RBI faces a tough choice as the Iran war slows the world's fastest-growing major economy, while inflation risks loom. In April, even before the government passed on the fuel price increases, India's ...
Without disclosing that work has been generated using the technology, faith in existing industries will continue to be undermined Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcas When a university vice-chancellor this week admitted to using AI in writing an opinion piece for a major Australian masthead, but did not disclose that use...
Without disclosing that work has been generated using the technology, faith in existing industries will continue to be undermined Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcas When a university vice-chancellor this week admitted to using AI in writing an opinion piece for a major Australian masthead, but did not disclose that use prior to publication, it highlighted the growing gap between people’s use of AI and trust in the technology. Data from Roy Morgan this week showed 13.6m or 58% of the population older than 14 now use AI each month, with ChatGPT being the most popular, followed by Google’s Gemini and Microsoft Copilot. Continue reading...
Chen Haofei, Chief Strategist & Head of Research at BOC International, says a K-shaped economy can help reallocate resources in China. He speaks with Yvonne Man on Bloomberg's The China Show. (Source: Bloomberg)
Chen Haofei, Chief Strategist & Head of Research at BOC International, says a K-shaped economy can help reallocate resources in China. He speaks with Yvonne Man on Bloomberg's The China Show. (Source: Bloomberg)
King Charles’ disgraced younger brother Andrew Mountbatten-Windsor held leases for 10 properties, three of which he sublet, while the monarch pays rent for the former prince’s daughters’ palace homes, a report by the UK’s spending watchdog said. In the most detailed review ever of royal property arrangements, the National Audit Office (NAO) report on Friday showed some leases were based on comm...
King Charles’ disgraced younger brother Andrew Mountbatten-Windsor held leases for 10 properties, three of which he sublet, while the monarch pays rent for the former prince’s daughters’ palace homes, a report by the UK’s spending watchdog said. In the most detailed review ever of royal property arrangements, the National Audit Office (NAO) report on Friday showed some leases were based on commercial valuations, while for others, senior figures paid no rent or negligible amounts for their...
Sundry Photography Trump officials have spent the past week embroiled in a remarkable argument — over what, exactly, their China tech policy has been for the past year. The debate concerns whether the Trump administration narrowed the scope of U.S. restrictions on China’s tech sector far more than intended or publicly acknowledged, according to a Bloomberg News report. The potential loopholes may ...
Sundry Photography Trump officials have spent the past week embroiled in a remarkable argument — over what, exactly, their China tech policy has been for the past year. The debate concerns whether the Trump administration narrowed the scope of U.S. restrictions on China’s tech sector far more than intended or publicly acknowledged, according to a Bloomberg News report. The potential loopholes may have allowed Chinese companies like Alibaba Group ( BABA ) to legally buy servers with Nvidia Corp.’s ( NVDA ) most advanced AI chips in most countries outside of China itself, the report said. The conversations spilled into public view on Sunday morning with a highly unusual memo from the Commerce Department’s Bureau of Industry and Security, which is responsible for semiconductor export controls. BIS said that it had recently received questions about whether restrictions on AI chip sales to Chinese companies globally, first imposed in 2023, are still in effect. “The answer is yes,” the Sunday advisory reads, as per the report. Trump officials are now looking into whether companies took advantage of the situation to ship advanced AI chips — such as Nvidia’s Blackwell processors — to Chinese firms in places like Singapore or Malaysia, which would directly contradict the White House’s stated approach to the tech competition with China. At least some officials believe that BIS policy decisions in May 2025 made such shipments legal — up until the agency’s notice on Sunday. It’s unclear whether any such sales actually occurred, the report said. That Sunday move to “close this loophole” won praise from Congressman John Moolenaar, the Republican chair of a House panel focused on China. Democratic Senators Elizabeth Warren and Andy Kim, meanwhile, criticized the Trump administration for policies that “may have inadvertently allowed America’s most advanced AI chips to flow to companies headquartered in China.” More on Nvidia Nvidia: I Do Not Fear The AI Bubble Yet NVIDIA Corpora...
Earnings Call Insights: Planet Labs PBC (PL) Q1 fiscal 2027 Management view "Planet had another excellent quarter, delivering record revenue and signing an 8-figure deal with an international customer." (Co-Founder, CEO & Chairman of the Board William Marshall) "We generated a record $94 million in revenue, representing approximately 42% year-over-year growth." (CEO Marshall) "End-of-period backlo...
Earnings Call Insights: Planet Labs PBC (PL) Q1 fiscal 2027 Management view "Planet had another excellent quarter, delivering record revenue and signing an 8-figure deal with an international customer." (Co-Founder, CEO & Chairman of the Board William Marshall) "We generated a record $94 million in revenue, representing approximately 42% year-over-year growth." (CEO Marshall) "End-of-period backlog was approximately $906 million, equating to approximately 72% growth year-on-year." (CEO Marshall) "First quarter D&I revenue grew over 65% year-on-year, driven by strong performance in our data subscription solutions and satellite services." (CEO Marshall) "We also successfully launched 3 additional Pelican satellites, including one for Sweden, their first sovereign reconnaissance satellites, just 4 months after contract signing." (CEO Marshall) "We recently started early customer access through a private beta testing phase of our new AI app, a pioneering tool aimed at making Planet's massive global data archive querable through natural language." (CEO Marshall) "Revenue for the first quarter came in at a record $94 million, representing approximately 42% year-over-year growth." (President & CFO Ashley Whitfield Johnson) Outlook "In Q2, we're expecting revenue to be between $102 million and $107 million." (CFO Johnson) "We expect non-GAAP gross margin for the quarter to be between 52% and 55%." (CFO Johnson) "Q2 adjusted EBITDA profit is expected to be between breakeven and $5 million." (CFO Johnson) "For the full fiscal year 2027, we are raising our revenue expectations to be between $425 million and $441 million." (CFO Johnson) "Our non-GAAP gross margin for the year is expected to be between 52% and 54%, better than our prior expectations." (CFO Johnson) "We are maintaining our prior expectations for fiscal year '27 adjusted EBITDA profit to be between breakeven and $10 million." (CFO Johnson) Analysts-estimates comparisons were not included because the provided estim...