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Elliott Investment Management has built a significant stake in Align Technology Inc. , the maker of Invisalign teeth-straightening products, according to people familiar with the matter. The activist fund is planning to engage with Align to encourage it to explore ways to lift the company’s stock price, said the people, who asked not to be identified because the information is private. Elliott’s s...
Elliott Investment Management has built a significant stake in Align Technology Inc. , the maker of Invisalign teeth-straightening products, according to people familiar with the matter. The activist fund is planning to engage with Align to encourage it to explore ways to lift the company’s stock price, said the people, who asked not to be identified because the information is private. Elliott’s stake in Align makes it one of the dental device company’s largest investors, the people said. A representative for Align didn’t immediately respond to a request for comment. A spokesperson for Elliott declined to comment. Align’s stock has lost most of its value since 2021, when shares peaked at $729.92 amid a boom in spending on cosmetic procedures like teeth straightening as consumers spent more time seeing themselves on videoconferencing platforms such as Zoom during the pandemic. Use of its products has decreased since then. Align closed Wednesday at $172.41, giving the company a market value of about $12.3 billion. Still, analysts at Barclays Plc see signs that “dental markets may be stabilizing” this year, according to a Feb. 4 report. This week, Barclays wrote in an investor note that shares of Align, which has a manufacturing facility in Israel, should regain some of the value lost since the war with Iran began. Barclays said it expects Align to trade at around 12 times its earnings before interest, taxes, depreciation and amortization, up from the current multiple of 10 times its estimated 2027 Ebitda. That compares with three- and five-year historical average multiples of 17 and 21, respectively. Align, founded in 1997 and based in Tempe, Arizona, makes clear aligners that are used to straighten teeth in the place of traditional metal braces. Its products have been used by more than 22 million people, according to its website . Elliott has previously invested in health-care companies including Charles River Laboratories International Inc., which announced a cooper...
HSBC is said to be considering a wave of deep job cuts over the coming years as CEO Georges Elhedery bets on AI to shrink its middle and back office footprint. Bloomberg's Adam Haigh reports. (Source: Bloomberg)
HSBC is said to be considering a wave of deep job cuts over the coming years as CEO Georges Elhedery bets on AI to shrink its middle and back office footprint. Bloomberg's Adam Haigh reports. (Source: Bloomberg)
Ukraine’s military struck two Russian plants producing and repairing military transport and cargo planes in the Ulyanovsk and Novgorod regions, the Ukrainian general staff said on Wednesday. It said in a statement that the attack on the Aviastar plant, part of Russia’s United Aircraft Corporation, in the city of Ulyanovsk, was carried out on 16 March. The plant produces Ilyushin-76MD-90A military ...
Ukraine’s military struck two Russian plants producing and repairing military transport and cargo planes in the Ulyanovsk and Novgorod regions, the Ukrainian general staff said on Wednesday. It said in a statement that the attack on the Aviastar plant, part of Russia’s United Aircraft Corporation, in the city of Ulyanovsk, was carried out on 16 March. The plant produces Ilyushin-76MD-90A military transport planes, Ilyushin-78M-90A refueling planes, and provides maintenance for “Ruslan” cargo planes, and is located about 800km (about 500 miles) from the Ukrainian border. Ukraine’s military said the hangars and parking areas were hit and some of the planes were damaged. The attack on the 123rd aircraft maintenance plant in the city of Staraya Russia in the Novgorod region took place one day later, the general staff said. It said the facility provided a full cycle of repairs and modernisation for heavy transport planes, including Ilyushin-76, Ilyushin-78, and L-410. “Striking such targets directly reduces the enemy’s ability to restore and sustain combat-ready aircraft,” Ukrainian drone forces said on X. Ilya Remeslo, for years a reliable pro-Kremlin operator, has abruptly turned on Russia’s president Vladimir Putin. Remeslo on Tuesday posted a manifesto to his 90,000 Telegram followers titled: “Five reasons why I stopped supporting Vladimir Putin.” In it, reports Pjotr Sauer, Remeslo accused the “illegitimate” president of waging a “failing war” in Ukraine that had caused millions of casualties and wrecked the economy. He called on Putin to step aside. Spanish police said they have arrested three people on the holiday island of Mallorca for allegedly helping a Russian national evade EU sanctions over Russia’s invasion of Ukraine. The man and two women are accused of acting as fronts to manage luxury properties, bank accounts and vehicles to shield assets from seizure, police said on Wednesday. Authorities did not name the Russian national, but Spanish media identified...
The Philippine peso fell past the key level of 60-per-dollar as elevated oil prices weigh on the country’s economic outlook. The currency weakened as much as 1.3% to a record-low 60.30 per dollar on Thursday. The decline came even after Bangko Sentral ng Pilipinas signaled this week it had earlier intervened as the currency approached that level. Surging oil prices due to the Iran war is weighing ...
The Philippine peso fell past the key level of 60-per-dollar as elevated oil prices weigh on the country’s economic outlook. The currency weakened as much as 1.3% to a record-low 60.30 per dollar on Thursday. The decline came even after Bangko Sentral ng Pilipinas signaled this week it had earlier intervened as the currency approached that level. Surging oil prices due to the Iran war is weighing on the currencies of net energy importers, which are predominantly located in Asia. The decline adds pressure on the central bank to step up its defense of the peso, which is among the worst performers in the region this month. The Philippines is widely seen by economists as one of the most vulnerable nations in the region to inflation and growth risks from high energy cost. President Ferdinand Marcos Jr. does not want the peso to weaken to 60 against the dollar, his press officer said in January. Philippine Central Bank Steps in as Peso Nears Key Level of 60 Currency Bears Beware, Asia Central Banks Are Drawing a Line Oil Risk Highest for Philippine Bonds in Asia, China Insulated
Benchmark oil prices are surging past $100 as the Middle East conflict disrupts global trade flows and widens crude spreads. Nomura International Wealth Management North Asia CIO Julia Wang discusses the specific risks facing Asian economies. (Source: Bloomberg)
Benchmark oil prices are surging past $100 as the Middle East conflict disrupts global trade flows and widens crude spreads. Nomura International Wealth Management North Asia CIO Julia Wang discusses the specific risks facing Asian economies. (Source: Bloomberg)
ZTO Express (Cayman) NYSE: ZTO executives highlighted fourth-quarter and full-year 2025 volume growth that outpaced the broader express delivery industry, while outlining a 2026 outlook centered on service quality, cost efficiency, and network stability amid what management described as a policy-backed shift toward more rational competition. Get ZTO Express (Cayman) alerts: Sign Up Fourth-quarter ...
ZTO Express (Cayman) NYSE: ZTO executives highlighted fourth-quarter and full-year 2025 volume growth that outpaced the broader express delivery industry, while outlining a 2026 outlook centered on service quality, cost efficiency, and network stability amid what management described as a policy-backed shift toward more rational competition. Get ZTO Express (Cayman) alerts: Sign Up Fourth-quarter volume growth outpaced industry Chairman and CEO Meisong Lai said China’s express delivery industry parcel volume rose 5% year-over-year in the fourth quarter of 2025, reflecting a moderation in growth. Against that backdrop, ZTO reported parcel volume of 10.56 billion in the quarter, up 9.2% year-over-year, and said market share expanded by 0.8 percentage points. Lai attributed performance to maintaining “industry-leading service quality” and continuing to strengthen differentiated products and capabilities. He also pointed to a recovery in industry pricing conditions, saying overall pricing “stabilized and recovered” as policy efforts against “involution” (a term management used to describe destructive price competition) took hold. Full-year 2025 results: revenue growth with margin pressure CFO Huiping Yan said ZTO’s parcel volume rose 13.3% to 38.5 billion for full-year 2025. Total revenue increased 10.9% to CNY 49.1 billion for the year and rose 12.3% to CNY 14.5 billion in the fourth quarter. Profitability metrics declined year-over-year. Yan said income from operations decreased 7.6% to CNY 3.2 billion in the fourth quarter and declined 11.1% to CNY 10.5 billion for the full year. Gross profit fell 2.1% to CNY 3.7 billion in the quarter and declined 10.5% to CNY 12.3 billion for the year, with gross margin down 3.7 percentage points to 25.4% in Q4 and down 6.0 points to 25.0% for 2025. At the same time, ZTO posted adjusted net income of CNY 2.7 billion for the fourth quarter and CNY 9.5 billion for the year, according to Yan. She also noted that SG&A expenses excludin...
On 18 March 2026, Samsung Electronics announced it had signed a Memorandum of Understanding with AMD to expand collaboration on next-generation AI memory and computing, including primary HBM4 supply for the Instinct MI455X GPU and advanced DDR5 for 6th Gen EPYC “Venice” CPUs, while also exploring future foundry manufacturing. This move not only deepens AMD’s access to critical AI memory but also o...
On 18 March 2026, Samsung Electronics announced it had signed a Memorandum of Understanding with AMD to expand collaboration on next-generation AI memory and computing, including primary HBM4 supply for the Instinct MI455X GPU and advanced DDR5 for 6th Gen EPYC “Venice” CPUs, while also exploring future foundry manufacturing. This move not only deepens AMD’s access to critical AI memory but also opens the door to a second manufacturing partner beyond its existing foundry relationships, potentially reshaping its supply chain resilience. We’ll now examine how Samsung’s HBM4 commitment for AMD’s Instinct MI455X could influence the company’s AI-focused investment narrative and long-term outlook. AI is about to change healthcare. These 35 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. Advanced Micro Devices Investment Narrative Recap To own AMD, you need to believe its data center and AI roadmap can translate strong EPYC and Instinct demand into sustained high growth, while justifying a rich valuation. The Samsung MOU directly supports the key near term catalyst of securing advanced memory for upcoming MI455X accelerators, but it does not remove the biggest risk: intense competition and customer in-house chips potentially capping how much AI share AMD can capture. Among recent announcements, the 6 gigawatt multi year AI infrastructure agreement with Meta stands out next to the Samsung HBM4 deal. Meta’s planned deployments of custom MI450 accelerators and Helios rack systems highlight how secured GPU and memory supply are linked to AMD’s AI rack ambitions. Together, these moves frame the stock’s catalyst as execution on very large AI contracts at a time when expectations and valuation are already elevated. Yet behind the optimism, investors should be aware that export controls, supply chain dependence and hyperscaler in house chips could still... Read th...
On 18 March 2026, Samsung Electronics announced it had signed a Memorandum of Understanding with AMD to expand collaboration on next-generation AI memory and computing, including primary HBM4 supply for the Instinct MI455X GPU and advanced DDR5 for 6th Gen EPYC “Venice” CPUs, while also exploring future foundry manufacturing. This move not only deepens AMD’s access to critical AI memory but also o...
On 18 March 2026, Samsung Electronics announced it had signed a Memorandum of Understanding with AMD to expand collaboration on next-generation AI memory and computing, including primary HBM4 supply for the Instinct MI455X GPU and advanced DDR5 for 6th Gen EPYC “Venice” CPUs, while also exploring future foundry manufacturing. This move not only deepens AMD’s access to critical AI memory but also opens the door to a second manufacturing partner beyond its existing foundry relationships, potentially reshaping its supply chain resilience. We’ll now examine how Samsung’s HBM4 commitment for AMD’s Instinct MI455X could influence the company’s AI-focused investment narrative and long-term outlook. AI is about to change healthcare. These 35 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. Advanced Micro Devices Investment Narrative Recap To own AMD, you need to believe its data center and AI roadmap can translate strong EPYC and Instinct demand into sustained high growth, while justifying a rich valuation. The Samsung MOU directly supports the key near term catalyst of securing advanced memory for upcoming MI455X accelerators, but it does not remove the biggest risk: intense competition and customer in-house chips potentially capping how much AI share AMD can capture. Among recent announcements, the 6 gigawatt multi year AI infrastructure agreement with Meta stands out next to the Samsung HBM4 deal. Meta’s planned deployments of custom MI450 accelerators and Helios rack systems highlight how secured GPU and memory supply are linked to AMD’s AI rack ambitions. Together, these moves frame the stock’s catalyst as execution on very large AI contracts at a time when expectations and valuation are already elevated. Yet behind the optimism, investors should be aware that export controls, supply chain dependence and hyperscaler in house chips could still... Read th...
Chinese investors are favoring wagers on petrochemicals over base metals, as they trade the fallout from the war in Iran on local futures markets. The funds that speculated on metals earlier in the year, fanning global rallies in markets from copper to nickel and tin, have switched to contracts more closely linked to the energy disruptions stemming from the Iranian conflict. Even aluminum, one of ...
Chinese investors are favoring wagers on petrochemicals over base metals, as they trade the fallout from the war in Iran on local futures markets. The funds that speculated on metals earlier in the year, fanning global rallies in markets from copper to nickel and tin, have switched to contracts more closely linked to the energy disruptions stemming from the Iranian conflict. Even aluminum, one of the metals directly affected by the situation in the Middle East, is treading water in comparison. “The impact is more clearly concentrated on energy and petrochemicals,” said Gao Yin, an analyst with Shuohe Asset Management Co. Base metals “aren’t the most sensible choice” for Chinese funds at the moment, she said. The value of open interest on Chinese energy and chemical futures more than doubled this month to about 150 billion yuan ($22 billion), the most since at least 2021, according to data compiled through Tuesday by Shuohe. The value for base metals, by contrast, has dropped to around 120 billion yuan, from a peak of nearly 160 billion yuan in late February. China’s petrochemicals industry is the world’s largest — and it’s still expanding — spawning dozens of contracts traded on commodities exchanges in Dalian, Zhengzhou and Shanghai. They span various stages of industrial supply chains — from crude oil and fuels, to the chemical precursors of plastics and fibers, to alternative materials that compete with oil-based products. China is relatively insulated from the oil shock triggered by the US-led attacks on Iran because it has stockpiled so much crude. But that hasn’t stopped the price of many petrochemicals, which rely on oil as their feedstock, from soaring as funds pile into usually sedate markets. Trading volumes for purified terephthalic acid on the Zhengzhou Commodity Exchange have surged to the highest since 2023. Prices have spiked over 30% this month, tracking gains in the global oil market. PTA is derived from crude after it’s been refined into paraxylene...