hapabapa/iStock Editorial via Getty Images BlackRock’s ( BLK ) Asia-Pacific private credit fund is facing a key test after a Chinese borrower defaulted on part of a loan, raising questions about how resilient the region’s private credit market is amid growing market stress. A unit of Shanghai-based cold-chain logistics company Metcold defaulted in early April on about $27.5 million owed under a Bl...
hapabapa/iStock Editorial via Getty Images BlackRock’s ( BLK ) Asia-Pacific private credit fund is facing a key test after a Chinese borrower defaulted on part of a loan, raising questions about how resilient the region’s private credit market is amid growing market stress. A unit of Shanghai-based cold-chain logistics company Metcold defaulted in early April on about $27.5 million owed under a BlackRock loan facility, according to a Bloomberg report. BlackRock ( BLK ) is now seeking to enforce a personal guarantee from Metcold founder and CEO Henry Ha as it focuses on loan recovery. Metcold secured the $52.5M lending facility about four years ago under BlackRock’s Asia-Pacific Private Credit Opportunities Fund II, which raised roughly $435M when it launched. While BlackRock ( BLK ) has collateral tied to the loan package, it does not have direct claims on the operating companies that own the underlying physical assets, adding complexity to recovery efforts. BlackRock ( BLK ) has engaged lawyers and financial advisers to explore options to deal with the default, the report added. This draws attention to Asia’s private credit market, which has long viewed itself as more cautious and disciplined than the U.S. market, as the global credit faces growing concerns over loan defaults. More on BlackRock BlackRock: Time To 'Buy' This Eventual Dividend Aristocrat Now BlackRock: Not Adding Despite A Stellar Q1 2026 BlackRock, Inc. 2026 Q1 - Results - Earnings Call Presentation BlackRock's Fink predicts emergence of computing power futures BlackRock, StanChart, crypto trading platform launch joint framework
Celestica Inc. (NYSE:CLS) is one of the best growth stocks to invest in for the next 2 years. On April 29, Celestica announced that its DS6000-series 1.6TbE switches are now available for order, marking a transition from development to market-ready status. These switches are designed to serve as the high-speed backbone for GenAI and ML […]
Celestica Inc. (NYSE:CLS) is one of the best growth stocks to invest in for the next 2 years. On April 29, Celestica announced that its DS6000-series 1.6TbE switches are now available for order, marking a transition from development to market-ready status. These switches are designed to serve as the high-speed backbone for GenAI and ML […]
Barbara Leaf, Senior International Policy Advisor at Arnold & Porter, discusses the latest developments in the Middle East as the US and Iran weigh a fresh proposal to end the war. She speaks with Haidi Stroud-Watts and Shery Ahn on Bloomberg: The Asia Trade. (Source: Bloomberg)
Barbara Leaf, Senior International Policy Advisor at Arnold & Porter, discusses the latest developments in the Middle East as the US and Iran weigh a fresh proposal to end the war. She speaks with Haidi Stroud-Watts and Shery Ahn on Bloomberg: The Asia Trade. (Source: Bloomberg)
Anahata Capital Management CIO Brian Quartarolo discusses his outlook on markets, Asia tech stocks, and why he thinks the New Zealand dollar may have room to strengthen on 'Bloomberg: The Asia Trade'. (Source: Bloomberg)
Anahata Capital Management CIO Brian Quartarolo discusses his outlook on markets, Asia tech stocks, and why he thinks the New Zealand dollar may have room to strengthen on 'Bloomberg: The Asia Trade'. (Source: Bloomberg)
Hong Kong is exploring the creation of a specialised mediation panel to handle international commodities disputes, as the city steps up efforts to position itself as a regional hub for metals trading, yuan-denominated commodities products and physical gold storage, Financial Secretary Paul Chan Mo-po said on Thursday. The proposed panel would focus on resolving disputes across the commodities supp...
Hong Kong is exploring the creation of a specialised mediation panel to handle international commodities disputes, as the city steps up efforts to position itself as a regional hub for metals trading, yuan-denominated commodities products and physical gold storage, Financial Secretary Paul Chan Mo-po said on Thursday. The proposed panel would focus on resolving disputes across the commodities supply chain – from mining and production to trading, warehousing and delivery – and would be developed...
Global infrastructure manager IFM Investors Pty is seeking to rally support from shareholders of Atlas Arteria Ltd. for its bid to acquire the toll road operator, a day after the Sydney-listed company rejected its unsolicited offer as being too low. Shareholders have a “clear choice” to either back the offer or face a “highly uncertain future with ALX’s current strategy and poor track record,” IFM...
Global infrastructure manager IFM Investors Pty is seeking to rally support from shareholders of Atlas Arteria Ltd. for its bid to acquire the toll road operator, a day after the Sydney-listed company rejected its unsolicited offer as being too low. Shareholders have a “clear choice” to either back the offer or face a “highly uncertain future with ALX’s current strategy and poor track record,” IFM Investors said in a statement on Thursday. IFM is the biggest shareholder in Atlas Arteria, which trades under the ticker ALX. IFM, which is owned by some of Australia’s largest pension funds, said “ALX is responsible for the structural issues now affecting Atlas Arteria securityholders.” Atlas Arteria’s annual general meeting is scheduled to be held in Melbourne next Wednesday. Representatives for the company didn’t immediately reply to a request for comment. IFM launched the bid last month in a deal valuing Atlas Arteria at up to A$7.4 billion ($5.4 billion), arguing the company has underperformed on returns, strategy and operations. The firm, which also counts UK pension fund Nest among its owners, already holds 34% of the toll operator. Atlas Arteria rejected the offer of A$4.75 per share. IFM had said it would rise to A$5.10 if acceptances combined with its existing holding took its stake to 45% or more prior to the close of the offer. The shares traded at A$4.80 on Thursday afternoon in Sydney. “This hostile, highly conditional takeover offer from IFM is opportunistic and materially undervalues Atlas Arteria,” Chair Debbie Goodin said in a statement on Wednesday. “The offer is designed to accelerate IFM’s creep.” Atlas Arteria owns toll roads in France, Germany and the US, including the Chicago Skyway. IFM reiterated its opposition to the 2022 acquisition of Chicago Skyway, saying it required fundraising that diluted shareholders. Atlas Arteria Rejects IFM’s $5.3 Billion Bid as Too Low IFM Launches Bid for Atlas Arteria in A$7.4 Billion Deal Atlas Arteria Plans to Ra...
Fortuna Silver Mines press release ( FSM ): Q1 Non-GAAP EPS of $0.36 misses by $0.02 . Revenue of $342.5M (+75.6% Y/Y) beats by $2.5M . Gold equivalent production 2 (“GEO”) of 72,872 ounces. Consolidated cash cost per GEO 1 of $951, down from $971 in the previous quarter. Consolidated AISC per GEO 1 of $2,107 for Q1 2026, up from $2,054 in the previous quarter. The slight increase from the previou...
Fortuna Silver Mines press release ( FSM ): Q1 Non-GAAP EPS of $0.36 misses by $0.02 . Revenue of $342.5M (+75.6% Y/Y) beats by $2.5M . Gold equivalent production 2 (“GEO”) of 72,872 ounces. Consolidated cash cost per GEO 1 of $951, down from $971 in the previous quarter. Consolidated AISC per GEO 1 of $2,107 for Q1 2026, up from $2,054 in the previous quarter. The slight increase from the previous quarter is primarily due to the impact of higher metal prices on royalties and higher CAPEX. Record free cash flow 1 from ongoing operations of $174.0 million; a QoQ increase of $41.7 million $213.3 million of net cash from operating activities before changes in working capital or $0.70 per share; a QoQ increase of $65.7 million “Fortuna delivered new quarterly record results with free cash flow of $174.0 million and adjusted attributable earnings of $111.0 million while producing 72,872 gold equivalent ounces which keeps us on track to deliver our 2026 production guidance.” said Jorge A. Ganoza President and CEO of Fortuna. More on Fortuna Mining Corp. Fortuna Mining: Valuation Starting To Improve Fortuna Mining Captures The Curiosity Of Long-Term Investors (Rating Upgrade) Fortuna Mining Corp. 2025 Q4 - Results - Earnings Call Presentation Fortuna Silver Mines Non-GAAP EPS of $0.23 in-line, revenue of $270.2M Fortuna Silver Mines Q4 2025 Earnings Preview
Goldman Sachs Group Inc. ’s co-head of Singapore and a key engineering executive is leaving the firm, according to people familiar with the matter. Faisal Shamsee will be leaving the bank after more than two decades, where he’s contributed to several initiatives focused on AI and platform strategy, the people said, declining to be named as the information isn’t public. A spokesperson for Goldman S...
Goldman Sachs Group Inc. ’s co-head of Singapore and a key engineering executive is leaving the firm, according to people familiar with the matter. Faisal Shamsee will be leaving the bank after more than two decades, where he’s contributed to several initiatives focused on AI and platform strategy, the people said, declining to be named as the information isn’t public. A spokesperson for Goldman Sachs declined to comment. Shamsee didn’t immediately respond to a request for comment. Shamsee is the global head of developer experience and runtime within the core engineering division, and is also the head of core engineering in Asia Pacific and head of engineering for Singapore, according to his LinkedIn profile . Shamsee, who was a technology intern at Goldman Sachs in 2001, joined the firm a year later and worked his way to be a managing director and partner, the profile states. Goldman Sachs employs more than 1,300 people in Singapore, which serves as a hub for its Southeast Asia business, according to its website . The city-state is also an engineering and operations center for the firm and has several hundreds of information technology staff. Shamsee’s departure was reported earlier by eFinancial Careers. Goldman Is Using Mythos, Working With Anthropic on Cyber Risks Goldman Staff in Hong Kong Lose Access to Anthropic’s Claude Goldman Sachs Taps Drake-Brockman to Be Singapore CEO