U.S. President Donald Trump. Photo: VCG A potential visit to China by U.S. President Donald Trump could yield significant developments regarding Middle East diplomacy and Washington’s stance on the Taiwan question, according to Gideon Rachman, chief foreign affairs columnist at the Financial Times. Speaking on May 7 local time at the second Caixin London Atlantic Dialogue, Rachman highlighted that...
U.S. President Donald Trump. Photo: VCG A potential visit to China by U.S. President Donald Trump could yield significant developments regarding Middle East diplomacy and Washington’s stance on the Taiwan question, according to Gideon Rachman, chief foreign affairs columnist at the Financial Times. Speaking on May 7 local time at the second Caixin London Atlantic Dialogue, Rachman highlighted that a key area to watch is whether a U.S.-China summit results in Beijing taking on a larger role in mediating the ongoing conflict between the U.S. and Iran.
Earnings Call Insights: Global Net Lease (GNL) Q1 2026 Management View "Before we review our first quarter 2026 results, I'd like to discuss our planned strategic acquisition of Modiv Industrial, which we announced earlier this week." (President, CEO & Director Edward Weil) "The transaction is expected to be immediately accretive with approximately 4% accretion to AFFO per share, including meaning...
Earnings Call Insights: Global Net Lease (GNL) Q1 2026 Management View "Before we review our first quarter 2026 results, I'd like to discuss our planned strategic acquisition of Modiv Industrial, which we announced earlier this week." (President, CEO & Director Edward Weil) "The transaction is expected to be immediately accretive with approximately 4% accretion to AFFO per share, including meaningful cost synergies through the elimination of duplicative G&A." (President, CEO & Director Weil) "Importantly, the transaction is structured as an all-stock acquisition with a fixed exchange ratio of 1.975 to lock in the 4% accretion, making it leverage neutral and requiring no new external capital." (President, CEO & Director Weil) "We're under contract to sell a 33,000 square foot office building leased to the General Services Administration for $13 million at a 7.2% cash cap rate" and "we're under contract to acquire an approximate 100,000 square foot single-tenant industrial asset occupied by a Fortune 50 investment-grade tenant for $14 million at an 8.2% cash cap rate." (President, CEO & Director Weil) "Since the beginning of our share repurchase program through May 1, 2026, we've repurchased 19.7 million shares at a weighted average price of $8.05, totaling $158.2 million." (President, CEO & Director Weil) "At the end of the first quarter of 2026, we owned 809 properties totaling 40 million rentable square feet" and "our portfolio was 97% occupied." (President, CEO & Director Weil) "For the first quarter of 2026, we recorded revenue of $109.3 million and a net loss attributable to common stockholders of $16 million." (CFO, Treasurer & Secretary Christopher Masterson) Outlook "We are confident in our performance and reaffirm our full year AFFO per share guidance of $0.80 to $0.84." (CFO, Treasurer & Secretary Masterson) "We also reaffirm our stated net debt to adjusted EBITDA range of 6.5x to 6.9x." (CFO, Treasurer & Secretary Masterson) "This guidance excludes the ant...
Australia ’s big-battery build-out is starting to crowd the lucrative trade that made the assets attractive: buying up power when prices are low and selling it back when they spike, capturing the difference. When normalized by capacity, batteries’ profits from trading price swings fell in most regions in 2025 as more projects were competing, according to BloombergNEF’s annual energy storage report...
Australia ’s big-battery build-out is starting to crowd the lucrative trade that made the assets attractive: buying up power when prices are low and selling it back when they spike, capturing the difference. When normalized by capacity, batteries’ profits from trading price swings fell in most regions in 2025 as more projects were competing, according to BloombergNEF’s annual energy storage report . Average intraday arbitrage — that’s the difference between the lowest and highest half-hourly average prices – declined by 30% in 2025 compared with a year earlier, according to the report. Batteries trade volatility by charging up when electricity is cheap — often during solar-heavy periods in the middle of the day — then selling power back to the grid when prices rise in the evenings. That’s been a particular boon for operators in Australia, which has one of the most volatile power markets. Doubling of Australian Battery Capacity Cuts Reliance on Gas Cheap Batteries Are Driving Global Energy-Storage Revolution Australia’s World-Leading Solar Drives Residential Battery Boom “The increasing competition between batteries in the power market is a harbinger that the arbitrage-fueled gold rush is losing steam,” the report said. The researcher expects arbitrage returns to become more unpredictable as renewable energy growth and retirements of coal capacity create volatility, while the growing battery fleet softens the price swings it was built to capture. In 2025, Australia’s battery fleet earned a record A$281 million ($203 million) in net revenue from the energy market — a 70% increase on-year as the overall size of the operating fleet grew — according to BloombergNEF.
Market Snapshot USD/INR ₹94.25 -0.4% Nifty 50 Index 24,326.65 -0.0% India 10-Year Bond Yield 6.93% +0.02 Spot Gold ($/oz) $4,712.57 +0.6% S&P 500 Futures 7,375.50 +0.2% Market data as of 08:14 AM IST, May. 8, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Alex Gabriel Simon in Mumbai with your daily dose on markets as we head into the final ...
Market Snapshot USD/INR ₹94.25 -0.4% Nifty 50 Index 24,326.65 -0.0% India 10-Year Bond Yield 6.93% +0.02 Spot Gold ($/oz) $4,712.57 +0.6% S&P 500 Futures 7,375.50 +0.2% Market data as of 08:14 AM IST, May. 8, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Alex Gabriel Simon in Mumbai with your daily dose on markets as we head into the final trading session of the week. Renewed clashes between US and Iranian forces are weighing on investor sentiment early Friday, undermining hopes for a peace deal. Asian stocks have pulled back from a record high and crude oil prices are up again after a three-day slide. At home, the Nifty is up 1.3% this week through Thursday and on track for a second straight week of gains, with small caps being the bright spot (more on them below) in the recent rebound. Earnings will keep traders busy through the day, with heavyweight names including State Bank of India, Tata Consumer Products and Hyundai Motor India due to report. In today’s newsletter, we look at: How the AI frenzy is lifting Adani stocks Indian investors’ overseas equity bets Premium alcohol makers’ woes But first, here’s why Indian small caps are stealing the spotlight in Asia. Markets Buzz: Small Caps in Breakout Mode India’s small-cap surge is quickly becoming one of the region’s brightest stories, despite the AI mania in North Asia. The Nifty Smallcap 100 Index is trouncing global peers after rallying 23% since the start of April, the best performance within emerging markets, data compiled by Bloomberg show. The rally has gathered pace on expectations that domestic consumption will stay resilient, defying concerns that the full impact of the Iran war shock is still to play out. The advance could attract global interest as the gauge is now a short distance away from its late-2024 record high. Three Things to Start Your Day AI FOMO powers Adani surge Indian investors’ fear of missing out on the AI craze has turned the A...