(RTTNews) - Nidec (6594.T) announced that Institutional Shareholder Services, a proxy advisory firm, has issued a report recommending that shareholders vote for all proposals to be entered at the company's General Meeting of Shareholders scheduled for June 18, 2026. The company b
(RTTNews) - Nidec (6594.T) announced that Institutional Shareholder Services, a proxy advisory firm, has issued a report recommending that shareholders vote for all proposals to be entered at the company's General Meeting of Shareholders scheduled for June 18, 2026. The company b
Concerns are growing that AI could accelerate job losses as automation spreads across industries. In China, authorities are getting increasingly worried about how large-scale AI transformation might impact the labor market, says Matt Sheehan from the Carnegie Endowment for International Peace. (Source: Bloomberg)
Concerns are growing that AI could accelerate job losses as automation spreads across industries. In China, authorities are getting increasingly worried about how large-scale AI transformation might impact the labor market, says Matt Sheehan from the Carnegie Endowment for International Peace. (Source: Bloomberg)
Commodities are in a “super-squeeze” that will worsen if the Strait of Hormuz remains effectively shut, according to HSBC Holdings Plc. “The longer the strait is closed, the more inventories are run down, the more likely it is that we reach ‘tipping points’ in the markets for some commodities,” analysts including Paul Bloxham said in a June 1 report. Still, knowing exactly when that might happen i...
Commodities are in a “super-squeeze” that will worsen if the Strait of Hormuz remains effectively shut, according to HSBC Holdings Plc. “The longer the strait is closed, the more inventories are run down, the more likely it is that we reach ‘tipping points’ in the markets for some commodities,” analysts including Paul Bloxham said in a June 1 report. Still, knowing exactly when that might happen is hard to determine, they added. Raw materials hit a record in mid-May, before paring gains as the US stepped up efforts to extend a truce in its war with Iran, which could reopen the critical waterway and eventually pave a way for an end to the conflict. Beyond the Middle East, HSBC’s broad outlook also highlighted other bullish factors for commodities, including rising consumption for base metals such as copper, and a looming El Niño weather event that may hurt crop supplies. The overall commodities cycle remains in a so-called super-bull phase, but “this is very different to earlier ‘super-cycles’, because it is driven by supply disruptions,” the analysts said. “Rather than a ‘super-cycle’, we have been calling it a ‘super-squeeze’,” they said, highlighting earlier bank research. With Hormuz still all-but shuttered, oil stockpiles “may reach critical functional lows, which could see sharper — non-linear — price rises and genuine shortages,” they warned. In peacetime, the waterway — which links the Persian Gulf to global markets — carried a fifth of global oil and liquefied natural gas. Global oil benchmark Brent traded near $94 a barrel on Tuesday after a modest drop, well below Iran-war highs above $126. in metals, aluminum hit a four-year high, while copper was at $13,976 a ton, up 13% this year. For aluminum, “the structural demand story is positive, but a key driver of late has been the damage to smelting capacity in the Middle East,” the analysts said. “The copper price rise is primarily a demand-led story.” Trump Aims to Calm Lebanon Tensions to Keep Talks Alive An...
(RTTNews) - Blackstone Inc. (BX), an alternative asset management firm, on Tuesday announced the final close of Blackstone Capital Partners Asia III at $13.1 billion.
(RTTNews) - Blackstone Inc. (BX), an alternative asset management firm, on Tuesday announced the final close of Blackstone Capital Partners Asia III at $13.1 billion.
India’s central bank may have offloaded a portion of its gold holdings to shield its foreign-currency assets from the cascading fallout of the war in the Middle East, according to an analysis by Bloomberg Economics based on publicly available data. The Reserve Bank of India likely sold gold reserves worth roughly $12 billion in the two weeks through May 22, while buying $7.5 billion of foreign-cur...
India’s central bank may have offloaded a portion of its gold holdings to shield its foreign-currency assets from the cascading fallout of the war in the Middle East, according to an analysis by Bloomberg Economics based on publicly available data. The Reserve Bank of India likely sold gold reserves worth roughly $12 billion in the two weeks through May 22, while buying $7.5 billion of foreign-currency assets, BE’s senior India economist, Abhishek Gupta , wrote. The fall came despite a hike in import duties on the precious metal, which should have boosted the value of the bank’s bullion and dollars. This suggests the RBI was selling gold, according to Gupta. The RBI did not immediately respond to an email seeking comment. The purported sales underscore policymakers’ concerns about the pressure India is facing from sustained capital outflows and higher oil prices as the Iran war and effective closure of the Strait of Hormuz drag on. They also show the RBI is prioritizing reserves of liquid foreign currency as a wider current-account deficit weighs on the rupee. Governor Sanjay Malhotra is weighing all options available to stabilize the rupee, including an interest-rate hike and raising dollars from investors overseas, Bloomberg News reported earlier. The RBI’s interventions in the foreign exchange markets have had some effect, helping the rupee outperform most peers in Asia since May 20, when the currency fell to an all-time low. The rupee was down 0.2% to 95.17 on Tuesday. Read More: India Weighs Measures Including Rate Hike to Stabilize Rupee As the world’s third-largest oil importer, India is burning through foreign currency as the Middle East war inflates its energy bill and batters the local currency. The government has ramped up efforts to curb foreign outflows and cushion its economy from the fallout of the war, including hiking fuel prices, and more than doubling import duties on precious metals. Authorities are expected to unveil further measures to shore up...
Bloomberg News retracted a story published June 2 that was based off an incorrect analysis by Bloomberg Economics. The analysis erroneously used same-day domestic gold prices to value RBI’s gold reserves. Using previous day’s London Bullion Market Association price shows that gold holdings were unchanged in May.
Bloomberg News retracted a story published June 2 that was based off an incorrect analysis by Bloomberg Economics. The analysis erroneously used same-day domestic gold prices to value RBI’s gold reserves. Using previous day’s London Bullion Market Association price shows that gold holdings were unchanged in May.
HIVE Digital Technologies press release ( HIVE ): Q4 Revenue of $71.82M (+130.5% Y/Y) misses by $7.63M . Bitcoin Mining Revenue: $67.2 million, down 23.9% sequentially from fiscal Q3 2026 driven by an approximately 27% decline in average Bitcoin price (Q4 average of $76,476 vs. approximately $98,000 in Q3 2 ) and an approximately 27% year-over-year increase in average network difficulty (140.7T vs...
HIVE Digital Technologies press release ( HIVE ): Q4 Revenue of $71.82M (+130.5% Y/Y) misses by $7.63M . Bitcoin Mining Revenue: $67.2 million, down 23.9% sequentially from fiscal Q3 2026 driven by an approximately 27% decline in average Bitcoin price (Q4 average of $76,476 vs. approximately $98,000 in Q3 2 ) and an approximately 27% year-over-year increase in average network difficulty (140.7T vs. 111.2T). Bitcoin Production: 876 Bitcoin mined in Q4 2026, broadly in line with the prior quarter. More on HIVE Digital Technologies Ltd. HIVE Digital Technologies: From Bitcoin Miner To AI Infrastructure HIVE Digital Pivoting Deeper Into HPC And Robotics For Long-Term Growth HIVE Digital stock surges as subsidiary plans high-capacity data center in Ontario HIVE Digital Technologies plans $75M exchangeable notes offering Historical earnings data for HIVE Digital Technologies Ltd.
Good morning . Alphabet is raising $80 billion to fund its AI ambitions, while Anthropic files for an IPO. London commuters face travel disruptions. And homeownership isn’t working out for UK millennials. Listen to the day’s top stories . — Victoria Batchelor Tech latest: Alphabet is raising $80 billion through a package of equity offerings, including a $10 billion Berkshire Hathaway investment, t...
Good morning . Alphabet is raising $80 billion to fund its AI ambitions, while Anthropic files for an IPO. London commuters face travel disruptions. And homeownership isn’t working out for UK millennials. Listen to the day’s top stories . — Victoria Batchelor Tech latest: Alphabet is raising $80 billion through a package of equity offerings, including a $10 billion Berkshire Hathaway investment, to fund its AI spending spree. Anthropic filed confidentially for an IPO, pulling ahead of rival OpenAI in the race to go public . Nvidia CEO Jensen Huang said he pays his workers as much as possible, weighing in on a global debate about how profits from the AI boom should be shared. And for leveraged finance practitioners, AI is the only game in town . Alphabet Will Raise $80 Billion to Fund AI Spending Mandeep Singh of Bloomberg Intelligence has more. Watch the video Oil steadied after its biggest gain in about a month amid uncertainty about the state of US-Iran peace talks . President Donald Trump said that discussions with Iran were continuing “at a rapid pace” — countering earlier statements from Tehran. Meanwhile, Trump and Israel’s Benjamin Netanyahu offered differing accounts of a call about the fighting in Lebanon. Tube strikes. Londoners are set for significant travel disruptions starting today, as some drivers on the city’s Underground network prepare to strike in a dispute over working hours. Denmark’s Prime Minister Mette Frederiksen will remain in power for a third term to oversee fractured relations with the US after a breakthrough in record-long talks to form a coalition . Her Social Democrats will govern alongside the Green Left, Social Liberals and the Moderates in a minority government. Golden State Warriors star Stephen Curry signed an endorsement deal with Li Ning, giving the Chinese sportswear company one of the world’s most recognizable basketball ambassadors as it seeks to reignite growth in a sluggish consumer market. More Top Stories UK Has Most Tax...