Codelco is negotiating a copper venture with India’s Hindustan Copper Ltd. as the Chilean state-owned miner turns to foreign partnerships to develop unexploited deposits, according to people familiar with the matter. The deal under discussion is for a joint venture in which Codelco would put up one of its undeveloped deposits in Chile, with HCL taking on capital commitments, said the people, who a...
Codelco is negotiating a copper venture with India’s Hindustan Copper Ltd. as the Chilean state-owned miner turns to foreign partnerships to develop unexploited deposits, according to people familiar with the matter. The deal under discussion is for a joint venture in which Codelco would put up one of its undeveloped deposits in Chile, with HCL taking on capital commitments, said the people, who asked not to be identified discussing ongoing confidential talks. Investments would exceed $1 billion, they said. Codelco “maintains multiple conversations and negotiations” on potential partnerships to develop a portfolio of exploration projects, the Santiago-based company responded when asked about talks with HCL. HCL didn’t respond to a request for comment. Codelco, one of the most indebted global miners, is teaming up with foreign firms — including BHP Group and Rio Tinto Group — in a bid to drill deposits without adding to its already heavy investment burden as new projects get trickier and pricier to develop. At the same time, Chile’s new government under President Jose Antonio Kast is cutting red-tape and easing regulation in a bid to unlock investments in mining. Read More: Chile Looks to Speed Up Copper Expansion Amid Tight Supply Codelco is turning more to India as a buyer of its copper. Indian companies, meanwhile, are looking to Chile, which boasts the world’s biggest copper reserves, to secure supply, integrate upstream and stay competitive in a tightening global market. The prospective Codelco-HCL deal comes a year after both state-owned companies signed a memorandum of understanding during former Chilean President Gabriel Boric’s visit to India. The MoU focuses on exchanging information to facilitate exploration, mining, and mineral processing, along with employee training and capacity building.
格隆汇4月15日｜英国招聘机构表示，中东地区的冲突可能会对全球招聘市场造成影响，在市场刚刚回暖之际使得整体就业前景变得黯淡。Robert Walters 公司表示，目前这种影响仅局限于中东地区，但该公司仍在密切关注“若紧张局势持续下去，其他市场可能出现的潜在宏观经济影响”。第一季度，其北欧业务依然“充满挑战”，不过在英国、西班牙和新西兰方面已出现了一些进展的迹象。这种谨慎的观点与Page group Plc的观点相一致，其周二警告称，由于伊朗战争影响了消费者和企业信心，前景变得愈发不明朗。这家公司表示，英国和欧洲市场在第一季度表现尤其疲软，而美洲和亚太地区的表现则稍微乐观些。
US military boasts blockade of the strait of Hormuz will incapacitate Iran’s economy; Trump says negotiations could return to Pakistan US-Iran peace talks could resume in next two days, Trump says The head of the International Atomic Energy Agency (IAEA) said any US-Iran agreement to end the war must include “very detailed” measures to verify Tehran’s nuclear activities. “Iran has a very ambitious...
US military boasts blockade of the strait of Hormuz will incapacitate Iran’s economy; Trump says negotiations could return to Pakistan US-Iran peace talks could resume in next two days, Trump says The head of the International Atomic Energy Agency (IAEA) said any US-Iran agreement to end the war must include “very detailed” measures to verify Tehran’s nuclear activities. “Iran has a very ambitious, wide nuclear programme so all of that will require the presence of IAEA inspectors,” said director general Rafael Grossi. Will someone please tell Pope Leo that Iran has killed at least 42,000 innocent, completely unarmed, protesters in the last two months, and that for Iran to have a Nuclear Bomb is absolutely unacceptable. Thank you for your attention to this matter. AMERICA IS BACK!!! Continue reading...
DBS Bank (Hong Kong) has agreed to pay about HK$2.62 billion (US$334 million) for six floors at The Center – once the world’s most expensive skyscraper – marking the city’s largest office transaction so far this year. The lender acquired the 26th, 32nd, 36th, 37th, 56th and 76th floors late last month, with the deal registered on Tuesday, according to Land Registry records. The purchase adds 151,9...
DBS Bank (Hong Kong) has agreed to pay about HK$2.62 billion (US$334 million) for six floors at The Center – once the world’s most expensive skyscraper – marking the city’s largest office transaction so far this year. The lender acquired the 26th, 32nd, 36th, 37th, 56th and 76th floors late last month, with the deal registered on Tuesday, according to Land Registry records. The purchase adds 151,934 sq ft of gross floor area, DBS said in a statement on Wednesday. The price works out to roughly...
Oil prices are likely to remain well above their levels prior to the Iran war, the consequences of which have choked global supply for the foreseeable future. But, after racking up record monthly gains in March, analysts at Wells Fargo say it is now "time to consider taking profits in energy." The year-to-date performance of energy commodities has been the strongest since 2000 and Wells Fargo now ...
Oil prices are likely to remain well above their levels prior to the Iran war, the consequences of which have choked global supply for the foreseeable future. But, after racking up record monthly gains in March, analysts at Wells Fargo say it is now "time to consider taking profits in energy." The year-to-date performance of energy commodities has been the strongest since 2000 and Wells Fargo now sees "risk to prices as the downside through year-end rather than to the upside," analysts wrote in a note published on Tuesday. U.S. crude oil futures for May delivery were down 0.76% at $90.59 per barrel as of 02:48 a.m. ET on Wednesday, as investors weighed prospects for fresh U.S. Iran peace talks, but remain well above levels below $70 seen before the war began. Mason Mendez, investment strategy analyst at Wells Fargo, said: "Historically, oil markets have been highly volatile, prices can swing rapidly as risks emerge or fade." "While no two periods are the same, past instances, such as in the 1990s Gulf War and more recently Russia's invasion of Ukraine in 2022, have shown that high prices were fairly short lived, and they tended to decline after the risk to oil supplies had passed," he said. Despite the warning, however, Wells Fargo hiked its forecasts for oil prices this year. "A geopolitical risk premium will linger for the foreseeable future, especially if energy infrastructure is targeted over the coming weeks, which in effect will limit prices from falling to the lows seen last year," Mendez said. "Therefore, we are concurrently downgrading the commodities energy sector from neutral to unfavorable and raising our 2026 year-end crude oil targets to $70-$80 per barrel for West Texas Intermediate (WTI) and $75-$85 per barrel for Brent crude. "We view Energy's recent outperformance as an opportunity to lock in profits and reallocate to Industrial metals and precious metals — which we rate as favorable."
France ’s inflation rate was higher than first thought last month as energy costs surged due to the war in Iran. Consumer prices rose 2% — more than the initial 1.9% reading, data Wednesday showed. While that matches the European Central Bank ’s target, the upward revision for March follows a similar move Tuesday by Spain , where inflation was 3.4%, rather than the 3.3% preliminary estimate. ECB o...
France ’s inflation rate was higher than first thought last month as energy costs surged due to the war in Iran. Consumer prices rose 2% — more than the initial 1.9% reading, data Wednesday showed. While that matches the European Central Bank ’s target, the upward revision for March follows a similar move Tuesday by Spain , where inflation was 3.4%, rather than the 3.3% preliminary estimate. ECB officials are weighing what — if any — monetary-policy action is needed to contain economic spillovers from the fighting in the Middle East. Markets are betting interest rates will have to be lifted to keep a lid on prices, though they’re leaning against a hike at April’s meeting. “We have to be completely agile and ready to move in the direction that is required,” ECB President Christine Lagarde told Bloomberg Television on Tuesday in Washington, where she’s attending the IMF’s spring meetings. “We have to be data dependent, as we have repeatedly said, but it does not predicate as we speak today that we will go in one direction or the other,” she said . “It certainly doesn’t determine a rate path that I can confirm today.” Lagarde Says Europe’s Economy Has Slipped Below ECB Baseline Dolenc Says ECB to Hike Rates If Inflation Effect Longer Lasting ECB’s Rehn Says Hike Not ‘Self Evident,’ Rate Path Not Locked In The ECB sees euro-zone inflation of 2.6% in its baseline for 2026, though Lagarde said the region is probably somewhere between that outcome and a less rosy scenario should the Iran war drag on. France’s government said late Tuesday that inflation this year will be stronger than previously expected — at 1.9% instead of 1.3%. Finance Minister Roland Lescure said that’s still “limited” compared with other European countries, thanks largely to nuclear power dominating France’s energy mix.
Mesut Dogan/iStock Editorial via Getty Images Oracle Corporation ( ORCL ) may be the only stock in software where I have a high conviction of a turnaround. In fact, despite the negative free cash flow and the funding needs, my conviction is higher than in Microsoft. These are the only two names I own in the infamous software industry. Yes, the same industry I said I'm avoiding . Why? It is my view...
Mesut Dogan/iStock Editorial via Getty Images Oracle Corporation ( ORCL ) may be the only stock in software where I have a high conviction of a turnaround. In fact, despite the negative free cash flow and the funding needs, my conviction is higher than in Microsoft. These are the only two names I own in the infamous software industry. Yes, the same industry I said I'm avoiding . Why? It is my view that the market is perceiving this stock as a cloud business, given its $553B RPO, even if software sales accounted for 36% of total revenue in the last quarter. Therefore, the pessimism from the AI disruption fear is unlikely to pressure the stock for too long. As I'm about to discuss in this piece, financing doesn't make me sweat either, given how oversubscribed its latest funding rounds were. In fact, the spike in CDS makes complete sense to me, as I believe the same institutions that participate in the funding rounds buy these CDS as a hedge. My concern has to do with the execution of the data center buildout. The Street is projecting a constant increase in the YOY revenue growth rate in each quarter for the next two years. Any delays could push revenue to the right, and likely lead to a selloff, similar to CoreWeave post Q3 2025 earnings. That's the main risk that I see. Is that enough to scare me off and keep me on the sidelines? Not really. In fact, I own this stock in my portfolio. As for my price target, I don't think the stock will double before the end of the year. That said, mid-$200s is not far-fetched. Below, I provide my rationale Rerating Is Not Far-Fetched Let's start with the last earnings results (Q3 FY26), as I believe the earnings story caught skeptics by surprise. Oracle reported Q3 revenue of $17.19 billion, beating the $16.91 billion analyst estimate. On the bottom line, the Q4 adjusted EPS guidance of $1.96 - $2.00 topped the $1.94 consensus. Looking at the Street's revenue models for the next 4 quarters, I see a clear upward revision after the Q3 ...
Mesut Dogan/iStock Editorial via Getty Images Oracle Corporation ( ORCL ) may be the only stock in software where I have a high conviction of a turnaround. In fact, despite the negative free cash flow and the funding needs, my conviction is higher than in Microsoft. These are the only two names I own in the infamous software industry. Yes, the same industry I said I'm avoiding . Why? It is my view...
Mesut Dogan/iStock Editorial via Getty Images Oracle Corporation ( ORCL ) may be the only stock in software where I have a high conviction of a turnaround. In fact, despite the negative free cash flow and the funding needs, my conviction is higher than in Microsoft. These are the only two names I own in the infamous software industry. Yes, the same industry I said I'm avoiding . Why? It is my view that the market is perceiving this stock as a cloud business, given its $553B RPO, even if software sales accounted for 36% of total revenue in the last quarter. Therefore, the pessimism from the AI disruption fear is unlikely to pressure the stock for too long. As I'm about to discuss in this piece, financing doesn't make me sweat either, given how oversubscribed its latest funding rounds were. In fact, the spike in CDS makes complete sense to me, as I believe the same institutions that participate in the funding rounds buy these CDS as a hedge. My concern has to do with the execution of the data center buildout. The Street is projecting a constant increase in the YOY revenue growth rate in each quarter for the next two years. Any delays could push revenue to the right, and likely lead to a selloff, similar to CoreWeave post Q3 2025 earnings. That's the main risk that I see. Is that enough to scare me off and keep me on the sidelines? Not really. In fact, I own this stock in my portfolio. As for my price target, I don't think the stock will double before the end of the year. That said, mid-$200s is not far-fetched. Below, I provide my rationale Rerating Is Not Far-Fetched Let's start with the last earnings results (Q3 FY26), as I believe the earnings story caught skeptics by surprise. Oracle reported Q3 revenue of $17.19 billion, beating the $16.91 billion analyst estimate. On the bottom line, the Q4 adjusted EPS guidance of $1.96 - $2.00 topped the $1.94 consensus. Looking at the Street's revenue models for the next 4 quarters, I see a clear upward revision after the Q3 ...