Thomas Barwick/DigitalVision via Getty Images For a catastrophe-prone state like Florida, property and casualty, or P&C, insurance is a must for its residents and business owners to protect their wealth and assets. For insurers, operating there is a double-edged sword due to high and secure demand versus high risk of claims and roofing scams. But with prudent and disciplined underwriting and risk ...
Thomas Barwick/DigitalVision via Getty Images For a catastrophe-prone state like Florida, property and casualty, or P&C, insurance is a must for its residents and business owners to protect their wealth and assets. For insurers, operating there is a double-edged sword due to high and secure demand versus high risk of claims and roofing scams. But with prudent and disciplined underwriting and risk diversification, insurers may enjoy returns there. That is why it is interesting to watch out for different players in the state. After a year, I am making another coverage of American Coastal Insurance Corporation ( ACIC ). After its strategic exit from personal lines, it has become smaller but more scalable. It remains a highly cyclical stock, but its robust fundamentals warrant some upside. Technicals are still close to its one-year low, but new buying opportunities emerge amid its recovery attempt. ACIC Q1 2026: A Strong Start The P&C insurance market in Florida has basked in a somewhat calm environment in the past year. Fewer and less intense hurricanes made landfall. Of course, some didn't enjoy that growth as they remained busy reducing their business capacity and balancing risks and returns. One of these is American Coastal Insurance Corporation. Even so, it remained stable with its strategic management and efficiency amid macroeconomic headwinds, as shown in its most recent performance. In Q1 2026, its operating revenue amounted to $71.2M , down by -1.4% YoY from $72.2M. This should not be surprising since it has already formally exited personal lines. That meant fewer policyholders and premiums. As you can see, gross premiums earned dropped by -13% YoY. On a lighter note, this YoY revenue growth was minimal for a company that discontinued a business segment. This can be attributed to its well-thought-out risk diversification. Its ceded premiums decreased, which meant a lower risk spread to its reinsurers. Despite this, this is a huge amount because that $75.5M was...
港燈6月燃料費上調約兩成至31.3仙 預告未來數月仍會繼續攀升 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】港燈下月燃料調整費回升，增幅逾兩成至每度電31.3仙。 港燈根據今年2至4月，平均燃料成本釐定收費。有...
港燈6月燃料費上調約兩成至31.3仙 預告未來數月仍會繼續攀升 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】港燈下月燃料調整費回升，增幅逾兩成至每度電31.3仙。 港燈根據今年2至4月，平均燃料成本釐定收費。有關調整開始反映國際燃料價格受中東戰爭影響而顯著上升情況，尤其3月起能源價格持續處於較高水平。 因為港燈早前調整燃料組合及調動氣源，令燃料價格上升影響較遲出現；亦因為燃料調整費機制有「遞延效應」等因素，預料未來數月燃料費仍然會攀升。港燈重申已透過多元採購、審慎管理庫存，致力控制燃料成本。公司僅收回實際成本，不會從中獲利。
Aluminum Corp. of China Ltd. , the country’s largest state-owned producer of the lightweight metal, has agreed to invest $1 billion in an alumina plant in Guinea to tap local bauxite resources. Chalco, as the Beijing-based company is known, will set up an entity to develop an 1.2-million-ton-a-year plant in the African country , it said in a filing. The government will get a 5% stake for free or a...
Aluminum Corp. of China Ltd. , the country’s largest state-owned producer of the lightweight metal, has agreed to invest $1 billion in an alumina plant in Guinea to tap local bauxite resources. Chalco, as the Beijing-based company is known, will set up an entity to develop an 1.2-million-ton-a-year plant in the African country , it said in a filing. The government will get a 5% stake for free or at nominal cost, and be allowed to enlarge that holding at market value to as much as 35%. Chinese companies — including Chalco’s largest private rival, China Hongqiao Group Co. — have been expanding in countries rich in bauxite, the raw material used to make alumina, which is then processed further to aluminum. Over the past decade, Chalco has been developing the Boffa bauxite mine in Guinea, and the new project will be its first overseas alumina plant. Chinese smelters — which produce more than half of the world’s aluminum — have a sharper focus on overseas expansions as domestic capacity nears a nationwide ceiling imposed by the central government to cut emissions. The plan for the investment in Guinea still requires approvals from Chalco’s shareholders, as well as the nation’s government, according to the filing. Chalco’s Hong Kong-listed shares traded higher on Friday, and have more than doubled over the past 12 months. Aluminum has surged 22% in London this year, benefiting producers, as the Middle East war hurt exports from the region.
Market Snapshot USD/INR ₹96.20 -0.7% Nifty 50 Index 23,654.70 -0.0% India 10-Year Bond Yield 7.11% +0.03 Spot Gold ($/oz) $4,523.89 -0.4% S&P 500 Futures 7,481.00 +0.2% Market data as of 08:15 AM IST, May. 22, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Savio Shetty in Mumbai with a wrap of the week in markets. Global markets are offering...
Market Snapshot USD/INR ₹96.20 -0.7% Nifty 50 Index 23,654.70 -0.0% India 10-Year Bond Yield 7.11% +0.03 Spot Gold ($/oz) $4,523.89 -0.4% S&P 500 Futures 7,481.00 +0.2% Market data as of 08:15 AM IST, May. 22, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Savio Shetty in Mumbai with a wrap of the week in markets. Global markets are offering mixed cues to Indian traders heading into Friday’s session. Asian equities have advanced, but oil, too, has rebounded after a three-day decline as the geopolitical backdrop remains fluid. Iran said the latest proposal from the US partly bridged the gap between the warring sides but comments from its supreme leader about keeping Tehran’s uranium stockpile and a dispute over tolls in the Strait of Hormuz clouded the outlook for a breakthrough. India’s domestic setup, however, offers some grounds for optimism. The benchmark Nifty is nearing a key resistance level that could open the door for further near-term gains (more on that below). And, the rupee on Thursday ended its longest losing streak in a decade. With expectations building around a potential rate hike , rate-sensitive sectors such as automakers, banks and shadow lenders are likely to come into focus. Bond traders will watch for the RBI’s dividend payout announcement to the government, which is expected to be a record. In today’s newsletter we look at why: Corporate earnings may disappoint WPI inflation data signals margin pressure “Buy the dip” is not working But first, the Nifty 50 Index is close to breaching a key resistance level. Markets Buzz: Nearing a Breakout After two failed attempts to climb above the 50-day moving average, the Nifty is again testing the crucial resistance level. This time, near-term indicators are improving. A gauge of the Nifty’s implied volatility has dropped more than 9% over the past three sessions to its lowest level since early May, signaling easing market anxiety. In derivatives tr...
China International Trade Representative Li Chenggang chairs the opening of the APEC trade ministers' meeting in Suzhou, China, on May 22, 2026. CNBC | Evelyn Cheng SUZHOU, China — Li Chenggang, China's international trade representative, opened the Asia-Pacific Economic Cooperation trade ministers' meeting on Friday with a call for regional economies to "send a strong message to the world" in sup...
China International Trade Representative Li Chenggang chairs the opening of the APEC trade ministers' meeting in Suzhou, China, on May 22, 2026. CNBC | Evelyn Cheng SUZHOU, China — Li Chenggang, China's international trade representative, opened the Asia-Pacific Economic Cooperation trade ministers' meeting on Friday with a call for regional economies to "send a strong message to the world" in support of cooperation. Li said he was chairing the opening meeting in place of China's Commerce Minister Wang Wentao, who had "urgent official business," according to a CNBC translation of his remarks in Chinese. The trade representative role is a full minister rank . Li also serves as China's vice commerce minister. The APEC trade ministers' meeting, set to conclude Saturday, comes about a week after U.S. President Donald Trump and Chinese President Xi Jinping met in Beijing. China agreed to place its first major order of Boeing aircraft in nearly a decade, and buy $17 billion worth of U.S. agricultural products annually through 2028. "Even though APEC isn't a venue for negotiations, it should play a guiding role in economic and trade discussions," Li said. "For consensus that has already been achieved, [APEC] should accelerate implementation and see results early," he said. Ambassador Rick Switzer, Deputy United States Trade Representative, is the head of the U.S. delegation for the meeting. The U.S. is one of the 12 founding members of APEC , which was launched in 1989 in Australia as an informal forum for discussions on free trade and economic cooperation. The multilateral trade organization now has 21 members, including China, Hong Kong and "Chinese Taipei," which joined the forum in 1991. Read more China news Trump puts Taiwan arms sales, Hong Kong jailed activist Lai on agenda ahead of meeting with Xi Trump and Xi face a test over AI control Iran focus at Trump-Xi summit may delay progress on tariffs, rare earths China is rewiring the Silicon Valley model — starting in...
gorodenkoff/iStock via Getty Images Rocket Lab ( RKLB ) has been awarded a $90M contract by the U.S. Space Force's Space Systems Command to design, manufacture, integrate, and operate two geostationary satellites hosting the Heimdall space domain awareness payload. The award represents Rocket Lab's first satellite production program for geostationary orbit and extends the company's vertically inte...
gorodenkoff/iStock via Getty Images Rocket Lab ( RKLB ) has been awarded a $90M contract by the U.S. Space Force's Space Systems Command to design, manufacture, integrate, and operate two geostationary satellites hosting the Heimdall space domain awareness payload. The award represents Rocket Lab's first satellite production program for geostationary orbit and extends the company's vertically integrated mission model into a new orbital regime. Rocket Lab ( RKLB ) will serve as prime contractor and end-to-end mission provider, responsible for spacecraft design and manufacture, integration of the in-house Heimdall optical payload produced by Rocket Lab Optical Systems, launch integration onto a government-furnished launch vehicle, and on-orbit operations for up to five years following commissioning. More on Rocket Lab USA Rocket Lab: Don't Chase Now Even If You Missed The Blast-Off (Rating Downgrade) Rocket Lab Is The Future, But Don't Buy The Stock Rocket Lab: The Stock Is More Expensive Now, But I've Still Decided To Buy (Rating Upgrade) Space stocks slide as rising bond yields, crowded tech trades rattle investors Rocket Lab rallies to an all-time high as its M&A roll-up strategy impresses