Forward has struggled for form and focus this season but Galatasaray display was reminder of his brilliance It was perhaps as well that Mohamed Salah’s last game before the announcement of his departure from Liverpool was the home game against Galatasaray . After all the frustrations and disappointments of this season, all the games of drifting forlorn and disconnected on the right, after the miss...
Forward has struggled for form and focus this season but Galatasaray display was reminder of his brilliance It was perhaps as well that Mohamed Salah’s last game before the announcement of his departure from Liverpool was the home game against Galatasaray . After all the frustrations and disappointments of this season, all the games of drifting forlorn and disconnected on the right, after the missed penalty in the first half, here at last was a reminder of the player he had been. It wasn’t just his goal, a characteristic left-footed whip into the top corner after cutting in from the right after a one‑two with Florian Wirtz, or even the low cross for Hugo Ekitiké’s goal or the fearsome shot that led to Ryan Gravenberch’s; it was the sense of menace, of gleeful mischief, of the way the crowd was gripped by anticipation when the ball came to him. Even if he is not granted another spell like that this season, at least he and Anfield had that chance to remember old times. Continue reading...
Oil fell on reports of a US diplomatic push to end the war with Iran, which eclipsed news that more troops would be sent to the region. West Texas Intermediate dropped below $89 a barrel after the New York Times reported the US had sent Iran a 15-point plan to end the conflict, citing two officials briefed on the initiative. Separately, Israel’s Channel 12 reported Washington was seeking a one-mon...
Oil fell on reports of a US diplomatic push to end the war with Iran, which eclipsed news that more troops would be sent to the region. West Texas Intermediate dropped below $89 a barrel after the New York Times reported the US had sent Iran a 15-point plan to end the conflict, citing two officials briefed on the initiative. Separately, Israel’s Channel 12 reported Washington was seeking a one-month ceasefire for talks. Earlier, the Trump administration ordered the 82nd Airborne Division to deploy about 2,000 soldiers to the Middle East, according to a person familiar with the matter, as the White House weighed options to ease Iran’s chokehold on the Strait of Hormuz, the vital waterway that become a focus of the conflict. President Donald “Trump appears to be seeking serious negotiations with Iran, while also keeping his options open,” said Will Todman, senior fellow in the Middle East Program at the Center for Strategic and International Studies. It is unclear if the additional troops are “part of his negotiating strategy, or if he is truly preparing for a ground invasion,” he added. Oil remains on track for a substantial monthly surge following a volatile run of trading as investors tracked the fall-out from the war, which is now in its fourth week. At the heart of the conflict, Tehran has moved to exert control over Hormuz, choking off supplies of crude and gas from the Persian Gulf to global markets, triggering concerns of an energy crunch. On Tuesday, President Trump signaled Iran had offered a “present” as a show of good faith in talks he has claimed are ongoing to end the war. He didn’t detail the gift, but confirmed it was related to energy flows through the strait. Iran has said foreign ships are allowed to cross the strait, as long as they aren’t supporting acts of aggression against the country and follow regulations put in place by Tehran. The comments came in a letter circulated to members of the International Maritime Organization on Tuesday. To get B...
Welcome to Open Dialogue, a series from the South China Morning Post where we bring together leading voices to discuss the stories and subjects occupying international headlines. In this edition, we invited a prominent industry player and economist to reflect on the role of stablecoins, cryptocurrencies pegged to fiat currencies or other assets. They discuss the differing approaches of China and t...
Welcome to Open Dialogue, a series from the South China Morning Post where we bring together leading voices to discuss the stories and subjects occupying international headlines. In this edition, we invited a prominent industry player and economist to reflect on the role of stablecoins, cryptocurrencies pegged to fiat currencies or other assets. They discuss the differing approaches of China and the United States, as well as Hong Kong’s role in China’s strategy, as the city is expected to issue...
Washington’s China policy lacks strategy, coherence and a clear framework in US President Donald Trump’s second term, mirroring his first, according to a former senior official in the Joe Biden administration. Former Biden officials, speaking at a Carnegie Endowment for International Peace event on Tuesday, said there was little evidence of systemic policy when they assumed power in early 2021, af...
Washington’s China policy lacks strategy, coherence and a clear framework in US President Donald Trump’s second term, mirroring his first, according to a former senior official in the Joe Biden administration. Former Biden officials, speaking at a Carnegie Endowment for International Peace event on Tuesday, said there was little evidence of systemic policy when they assumed power in early 2021, after Trump’s first term, a pattern that appeared to be repeating itself. “There were themes about how...
Yahoo Finance Tech Editor Senior Tech Reporter Dan Howley and TECHnalysis Research president Bob O'Donnell explain what Nvidia's (NVDA) new product OpenClaw is, and how exactly it fits into the artificial intelligence (AI) landscape.
Yahoo Finance Tech Editor Senior Tech Reporter Dan Howley and TECHnalysis Research president Bob O'Donnell explain what Nvidia's (NVDA) new product OpenClaw is, and how exactly it fits into the artificial intelligence (AI) landscape.
Many Japanese banks in the countryside are struggling due to a shrinking population, but at a tiny credit union in the northernmost tip of the country, the situation is extreme. Wakkanai Shinkin Bank serves customers in the city of the same name in northern Hokkaido. Once a bustling fishing hub, it has seen the number of residents roughly halve from its peak in 1964. Loan demand has plummeted, and...
Many Japanese banks in the countryside are struggling due to a shrinking population, but at a tiny credit union in the northernmost tip of the country, the situation is extreme. Wakkanai Shinkin Bank serves customers in the city of the same name in northern Hokkaido. Once a bustling fishing hub, it has seen the number of residents roughly halve from its peak in 1964. Loan demand has plummeted, and the bank has turned to investing in Japanese government bonds to eke out a profit, a strategy that is now coming into question. Led by its long-standing President Masatoshi Masuda , 72, who grew up in the area, the lender has been engaging with local businesses and community to nurture startups and turn around troubled ones. but the hard truth is there just aren’t enough borrowers. “No business can survive without people,” Masuda said in an interview. “If you ask about the future of Wakkanai Shinkin, it’s tied to the fall in the population and the number of businesses.” It’s a challenge shared by many other rural lenders in Japan. Years of rock-bottom borrowing costs failed to lift local economies out of their deepening funk. Now, even with the Bank of Japan raising interest rates, credit demand is too weak to prop up profits. Wakkanai Shinkin is a stark example. While the lender provides nearly half of the loans in its region, the amount makes up just 16% of deposits — far below the national average of 50% for Japan’s around 250 credit unions, known as “shinkin”. It funnels most of the rest into Japanese government bonds, which are now losing their value as interest rates climb . Masuda, who has worked at the bank for almost 50 years and served as president for the past 20, sees the nation’s debt as a relatively safe proposition. “We are taking so much credit risk in lending,” he said. “So, we don’t want to take any more credit risk in our securities portfolio.” Sitting next to Soya Bay, Wakkanai is far enough north that you can see Russia’s Sakhalin island on a clear day...
There is no shortage of investors touting Chinese assets as a haven since the Iran conflict erupted. But Charles Gave and his son Louis-Vincent of Gavekal Research go a step further. They argue that Chinese government bonds are emerging as de facto reserve assets — potentially, at the expense of gold and US Treasuries. You can always count on the duo to say something interesting , even if they’re ...
There is no shortage of investors touting Chinese assets as a haven since the Iran conflict erupted. But Charles Gave and his son Louis-Vincent of Gavekal Research go a step further. They argue that Chinese government bonds are emerging as de facto reserve assets — potentially, at the expense of gold and US Treasuries. You can always count on the duo to say something interesting , even if they’re not always right. Their latest idea is a provocative attempt to explain two recent market moves: The surprising selloff in gold and the resilience of Chinese bonds since the start of the war. The conventional explanation is straightforward. Gold had become overbought and is now correcting as global interest rates rise. China, meanwhile, relies less on oil for energy consumption, meaning its bond market is better insulated from the inflation shock. But the Gaves offer an alternative theory. It goes like this. Over the past few years, the world has been defined by US–China rivalry as the two countries are “actively trying to trip each other’s economies.” In that environment, truly “neutral” investors were reluctant to take sides on financial assets in the two countries. That left gold as the default reserve asset, helping drive it to record highs. Now, they argue, the conflict has unleashed an inflation shock that could actually force the US and China into a more co-operative relationship. They wrote: In an inflationary world, tariffs and the maintenance of a significantly undervalued currency would likely fall by the wayside. Instead of trade wars, we could see trade deals, more solar panels to the US, more freely flowing rare earths, a stronger renminbi. In such a world, the marginal bid would shift away from gold and US Treasuries and toward renminbi and other Asian-currency-denominated assets that offer a yield. Markets, they argue, may already be sniffing out this shift: gold and Treasuries have stumbled, while Chinese bonds have held firm. What underpins the haven statu...
felixmizioznikov/iStock via Getty Images Comstock Resources, Inc. ( CRK ) announced an agreement with NextEra Energy ( NEE ) for electrical generation that will be used by data centers. This agreement reinforces the idea that this energy source will be essentially separate from consumer uses to keep rates from climbing due to data centers. Comstock Resources will supply natural gas from its Wester...
felixmizioznikov/iStock via Getty Images Comstock Resources, Inc. ( CRK ) announced an agreement with NextEra Energy ( NEE ) for electrical generation that will be used by data centers. This agreement reinforces the idea that this energy source will be essentially separate from consumer uses to keep rates from climbing due to data centers. Comstock Resources will supply natural gas from its Western Haynesville acreage. This builds on the idea that the Western Haynesville has as much or more potential than the legacy acreage. The importance of this announcement is hard to overstate because more than once, consumers mentioned that data centers were increasing electricity costs. Yet each time I see an announcement from a company like this one, there is a discussion about how the data center will have essentially its own power source. That has to mean that in at least some cases there is another reason for increasing power costs. Cost Reductions One of the reasons that it is so hard to tell what costs are is that one first has to know where the company is drilling. As management itself noted during the conference call : “Aside from any drilling issues we have, the drilling performance in the Western Haynesville quarter-to-quarter is mainly affected by our vertical depth, temperatures and our lateral lengths.” This issue can cause significant cost variances, as was noted in the examples that followed. This can easily put a significant challenge in the way of determining the full-year costs for modeling. All management has to do to change the average cost is switch drilling sites. But that is only one part of the profitability picture. They are not going to drill a more expensive well if it is not going to make money. This also makes it a bit challenging for the average investor to tell if costs are really declining. Usually that shows up over time in some form. Individual cost reduction efforts alone could easily be offset by drilling choices. This is especially true in ...
Iran’s biggest Gulf Arab neighbors are considering joining the US-Israeli war against Iran, and could be pushed to if Tehran attacks their critical infrastructure, according to several people with knowledge of the situation. The Gulf’s most powerful states, Saudi Arabia and the United Arab Emirates, in particular, are losing patience with Iranian strikes that have already hit ports, energy facilit...
Iran’s biggest Gulf Arab neighbors are considering joining the US-Israeli war against Iran, and could be pushed to if Tehran attacks their critical infrastructure, according to several people with knowledge of the situation. The Gulf’s most powerful states, Saudi Arabia and the United Arab Emirates, in particular, are losing patience with Iranian strikes that have already hit ports, energy facilities and airports, said these people, who requested anonymity in order to speak freely. But they would only join the war if Tehran makes good on its threats to attack vital Gulf power and water infrastructure — a high threshold, the people added. Ray Takeyh, Senior Fellow for Middle East Studies at the Council on Foreign Relations, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Tajiri Resources ( TAJ:CA ) announced a non-brokered private placement to raise up to C$1.5M. The offering includes up to 8.33M units priced at C$0.18 per unit. Each unit consists of one common share and half a warrant. Each full warrant allows purchase of one share at C$0.40 within 18 months. Proceeds will fund exploration, development, acquisitions, and working capital. More on Tajiri Resources ...
Tajiri Resources ( TAJ:CA ) announced a non-brokered private placement to raise up to C$1.5M. The offering includes up to 8.33M units priced at C$0.18 per unit. Each unit consists of one common share and half a warrant. Each full warrant allows purchase of one share at C$0.40 within 18 months. Proceeds will fund exploration, development, acquisitions, and working capital. More on Tajiri Resources Corp. Financial information for Tajiri Resources Corp.
Meta willfully violated New Mexico law by misleading users about the safety of its products and engaging in an unconscionable trade practice, a jury found. The company will face a $375 million penalty for the violations, awarding the maximum penalty of $5,000 per violation for 37,500 violations across two counts. The jury decided against Meta on every count, though it declined to award a penalty a...
Meta willfully violated New Mexico law by misleading users about the safety of its products and engaging in an unconscionable trade practice, a jury found. The company will face a $375 million penalty for the violations, awarding the maximum penalty of $5,000 per violation for 37,500 violations across two counts. The jury decided against Meta on every count, though it declined to award a penalty as high as the state sought, which would have been closer to $2 billion. It's a landmark verdict delivered just one day after closing arguments . New Mexico argued that Meta had flouted state law by misleading consumers and facilitating child predato … Read the full story at The Verge.
Forgent Power Solutions ( FPS ) on Tuesday announced a public offering of its Class A common stock. The offer consists of 20.68M shares of Class A common stock being offered by parent entities of the Company controlled by Neos Partners and 9.31M shares of Class A common stock being offered by Forgent. In addition, the selling stockholders and the company intend to grant the underwriters a 30-day o...
Forgent Power Solutions ( FPS ) on Tuesday announced a public offering of its Class A common stock. The offer consists of 20.68M shares of Class A common stock being offered by parent entities of the Company controlled by Neos Partners and 9.31M shares of Class A common stock being offered by Forgent. In addition, the selling stockholders and the company intend to grant the underwriters a 30-day option to purchase up to an additional 3.10M shares and 1.39M shares, respectively, of Class A common stock at the public offering price, less underwriting discounts and commissions. Forgent will not receive any proceeds from the sale of shares by the selling stockholders, and the net proceeds Forgent receives from the sale of its shares will be used to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners, LP. The operating subsidiary will bear or reimburse the company for all the expenses of the offering. FPS -7.02% after hours to $33.27. Source: Press Release More on Forgent Power Solutions, Inc. Forgent Power Solutions: Does It Have The Power? Forgent Power Solutions Begins IPO Effort As AI Data Center Power Demand Jumps Forgent Power Solutions reports Q2 results; intiates FY26 outlook Wall Street starts coverage of Forgent Power Solutions with mostly bullish ratings