A former senior Hong Kong police inspector has been jailed for six weeks after lying to colleagues to borrow HK$140,000, as he struggled with debts exceeding HK$2 million (US$255,308). Kwun Tong Court on Tuesday sentenced Tang Chun-ho, 45, after finding him guilty of making false claims to secure loans from colleagues in 2023. Magistrate Lau Suk-han said the defendant had shown no remorse. “The co...
A former senior Hong Kong police inspector has been jailed for six weeks after lying to colleagues to borrow HK$140,000, as he struggled with debts exceeding HK$2 million (US$255,308). Kwun Tong Court on Tuesday sentenced Tang Chun-ho, 45, after finding him guilty of making false claims to secure loans from colleagues in 2023. Magistrate Lau Suk-han said the defendant had shown no remorse. “The court has already rejected [the defendant’s defence], yet he repeated it in the background report,...
MR1805/iStock via Getty Images The Middle East crisis has created a risk-off environment for global equities. But, beyond immediate market reactions, it raises a deeper question: what lessons will countries, companies, and individuals take from this disruption? For many Asian economies, heavy reliance on Middle Eastern crude and natural gas is now emerging as a critical vulnerability. The resultin...
MR1805/iStock via Getty Images The Middle East crisis has created a risk-off environment for global equities. But, beyond immediate market reactions, it raises a deeper question: what lessons will countries, companies, and individuals take from this disruption? For many Asian economies, heavy reliance on Middle Eastern crude and natural gas is now emerging as a critical vulnerability. The resulting supply shock echoes the dislocations seen during the COVID-era supply chain crisis. As just-in-time logistics break down, several Asian countries have already begun rationing gas amid tightening inventories. More concerning still, many of these economies depend heavily on oil and gas for electricity generation, amplifying the impact. How can these economies reduce their reliance on the Strait of Hormuz for energy? Where else can they turn to satisfy their energy needs? One potential answer is closer to home. China, a regional neighbor, has spent years reshaping its energy mix away from imported fossil fuels. As a result, its electricity generation is relatively insulated from oil price shocks, as China produces most of its electricity using its significant renewable capacity, as well as domestically sourced coal. Despite being a leader in non-oil energy production, China is still not immune to the global price shock, as imported oil still supplies 14% of its energy needs. 4 Just as the United States, which has become effectively energy independent, is still feeling the effect of higher gas prices. We believe this new reality could force both countries to further accelerate the search for alternative energy sources. We believe the recent oil price shock could accelerate the transition to renewable and alternative sources of energy globally. China already leads in New Energy Vehicles (NEVs), Nuclear Energy, Solar & Wind Power, and Battery Storage. The oil price shock could represent a significant opportunity for firms leading in each of these areas to meet potentially risin...
European Central Bank President Christine Lagarde’s push to speed up plans for a digital euro is part of a broader geopolitical effort for independence and autonomy, where the bloc is less reliant on others and can reduce exposure to major economies like the US and China. Bloomberg's Anna Irrera reports. (Source: Bloomberg)
European Central Bank President Christine Lagarde’s push to speed up plans for a digital euro is part of a broader geopolitical effort for independence and autonomy, where the bloc is less reliant on others and can reduce exposure to major economies like the US and China. Bloomberg's Anna Irrera reports. (Source: Bloomberg)
Michele Bullock says more interest rate rises may be needed after the third interest rate hike in 2026 bringing the offical cash rate to 4.35%. The Reserve Bank governor says rate hikes to date won’t be able to stop fuel prices from driving up inflation and are instead aimed at cutting spending to stop broader prices from rising after the oil price spike ends RBA interest rates: Reserve Bank hikes...
Michele Bullock says more interest rate rises may be needed after the third interest rate hike in 2026 bringing the offical cash rate to 4.35%. The Reserve Bank governor says rate hikes to date won’t be able to stop fuel prices from driving up inflation and are instead aimed at cutting spending to stop broader prices from rising after the oil price spike ends RBA interest rates: Reserve Bank hikes official cash rate to 4.35% in blow to mortgage holders Continue reading...
FTSE 100 down 168 points to 10,196 HSBC falls on profits miss Vodafone takes full ownership of UK mobile JV 2.55pm: Wall Street opens higher, FTSE sinks lower US stocks have opened higher, led by Intel's 11% gain and other tech stocks. The Nasdsq has marched 0.9% higher, while...
FTSE 100 down 168 points to 10,196 HSBC falls on profits miss Vodafone takes full ownership of UK mobile JV 2.55pm: Wall Street opens higher, FTSE sinks lower US stocks have opened higher, led by Intel's 11% gain and other tech stocks. The Nasdsq has marched 0.9% higher, while...
Earnings Call Insights: Fabrinet (FN) Q3 fiscal 2026 Management View "We delivered an outstanding financial performance in the third quarter" with "Revenue... at a record $1.214 billion" and "Record non-GAAP EPS of $3.72" (CEO & Chairman Seamus Grady). "Telecom revenue" was "fueled by strong growth" and within it "data center interconnect revenue grew a robust 90% from a year ago and 38% from Q2" ...
Earnings Call Insights: Fabrinet (FN) Q3 fiscal 2026 Management View "We delivered an outstanding financial performance in the third quarter" with "Revenue... at a record $1.214 billion" and "Record non-GAAP EPS of $3.72" (CEO & Chairman Seamus Grady). "Telecom revenue" was "fueled by strong growth" and within it "data center interconnect revenue grew a robust 90% from a year ago and 38% from Q2" while "strong longer-term DCI growth trends remain firmly intact" (CEO & Chairman Grady). "Softer-than-expected Datacom revenue" reflected that "demand during the quarter far exceeded what we were able to ship" and "demand is outpacing the broader supply of certain components" (CEO & Chairman Grady). "We have successfully completed qualification and have already begun shipping 2 Datacom transceiver programs directly to a hyperscale customer" with "initial ramp starting in the fourth quarter" and "volumes" expected to "ramp steadily throughout fiscal 2027" (CEO & Chairman Grady). "We have made a minority investment in Raytek Semiconductor" to advance co-packaged optics, which management described as "an evolution from silicon photonics into more advanced packaging and integration solutions" (CEO & Chairman Grady). "Revenue of $1.214 billion exceeded our guidance range" and "Strong execution and FX revaluation tailwinds led to non-GAAP EPS of $3.72" (Executive VP & CFO Csaba Sverha). "In April, we completed a private placement of approximately $32 million for 20 million shares of Raytek... representing approximately a 14% position" and "The total purchase price of $11 million" for the Nava Nakorn facility "will be reflected in our fourth quarter financials" (Executive VP & CFO Sverha). Outlook "We expect total revenue to be in the range of $1.25 billion to $1.29 billion" and "we expect non-GAAP EPS to be in the range of $3.72 to $3.87" (Executive VP & CFO Sverha). "With Datacom growth expected to be more measured as we continue to navigate component availability" while "we ar...
Earnings Call Insights: Evolus (EOLS) Q1 2026 Management view "We started 2026 with strong momentum that carried over from the fourth quarter, resulting in our second consecutive quarter of positive adjusted EBITDA" (President, CEO & Director David Moatazedi). "We maintained our Jeuveau U.S. market share at 14% and delivered share gains with Evolysse" (President, CEO & Director Moatazedi). "To sta...
Earnings Call Insights: Evolus (EOLS) Q1 2026 Management view "We started 2026 with strong momentum that carried over from the fourth quarter, resulting in our second consecutive quarter of positive adjusted EBITDA" (President, CEO & Director David Moatazedi). "We maintained our Jeuveau U.S. market share at 14% and delivered share gains with Evolysse" (President, CEO & Director Moatazedi). "To start the year, we are tracking ahead of our operating profit assumptions, giving us the optionality to invest into growth-driving initiatives in the back half of the year" (President, CEO & Director Moatazedi). "With international growth on a steady rise, the upcoming launch of Estyme in Europe this quarter and additional pipeline milestones ahead, we believe this differentiated commercial structure positions us to scale efficiently" (President, CEO & Director Moatazedi). "For Q1, global net revenue was $73.1 million" and "reported gross margin in the first quarter was 67% and adjusted gross margin was 68%" (Chief Financial Officer Tatjana Mitchell). "We have recently terminated our at-the-market equity facility, which was never utilized, reinforcing our confidence in our current capital position" (CFO Mitchell). Outlook "We are reiterating our full year outlook and remain confident in our ability to deliver double-digit revenue growth and achieve full year adjusted EBITDA profitability in 2026" (President, CEO & Director Moatazedi). "Our full year 2026 outlook remains unchanged" with "total net revenue of $327 million to $337 million" and "a low to mid-single-digit adjusted EBITDA margin for the full year" (CFO Mitchell). "For the first half of 2026, our guidance implies high single-digit year-over-year growth for global Jeuveau revenue" and "We expect second quarter U.S. Jeuveau net revenue growth to more than offset the first quarter decline" (CFO Mitchell). Change vs. prior quarter language: management again kept 2026 ranges unchanged, while Q1 messaging emphasized "track...
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Alexander Shapovalov Tesla ( TSLA ) CEO Elon Musk has expressed confidence that the EU will soon approve the company’s “Full Self-Driving” (FSD) system, but emails from several European regulators reveal skepticism about the technology and safety benefits, according to a Reuters report. The Netherlands’ road authority, RDW, granted initial approval for Tesla’s “FSD (Supervised)” system in April. R...
Alexander Shapovalov Tesla ( TSLA ) CEO Elon Musk has expressed confidence that the EU will soon approve the company’s “Full Self-Driving” (FSD) system, but emails from several European regulators reveal skepticism about the technology and safety benefits, according to a Reuters report. The Netherlands’ road authority, RDW, granted initial approval for Tesla’s “FSD (Supervised)” system in April. RDW is now seeking EU approval for FSD with a key committee hearing scheduled for Tuesday. The regulators in the Netherlands, Sweden, Finland, Denmark and Norway—key players in the approval process—have raised multiple concerns about the technology, the report added, citing undisclosed email correspondence. The concerns include the system’s tendency to exceed speed limits, questions around its safety in icy conditions, and the ease with which drivers may bypass safeguards meant to restrict mobile phone usage, the report said. They also expressed frustration with Tesla’s ( TSLA ) strategy of publicly urging vehicle owners to put pressure on regulators to approve FSD. The EU committee will hear from Dutch officials on Tuesday, who will explain why they approved Tesla’s FSD and why other EU member states should follow their lead. For Tesla’s ( TSLA ) FSD system to secure approval, it must receive backing from committee members representing at least 55% of EU member states and 65% of the bloc’s population. The next committee meetings are expected to take place in July and October. Tesla’s ( TSLA ) EU market share has declined sharply in recent years with growing competition. Chinese EV makers like BYD ( BYDDF ) and legacy automakers such as Volkswagen ( VWAGY ) gained ground with newer models and aggressive pricing. More on Tesla Tesla's Robotaxi Opportunity Is Dead In Light Of Waymo's Dominance Tesla: The Future Is Promising, The Valuation Assumes It's Here Tesla: Disastrous Robotaxi Checkup Tesla revenue tied to Musk companies tops half a billion last year Tesla Semi finally b...
Alexander Shapovalov Tesla ( TSLA ) CEO Elon Musk has expressed confidence that the EU will soon approve the company’s “Full Self-Driving” (FSD) system, but emails from several European regulators reveal skepticism about the technology and safety benefits, according to a Reuters report. The Netherlands’ road authority, RDW, granted initial approval for Tesla’s “FSD (Supervised)” system in April. R...
Alexander Shapovalov Tesla ( TSLA ) CEO Elon Musk has expressed confidence that the EU will soon approve the company’s “Full Self-Driving” (FSD) system, but emails from several European regulators reveal skepticism about the technology and safety benefits, according to a Reuters report. The Netherlands’ road authority, RDW, granted initial approval for Tesla’s “FSD (Supervised)” system in April. RDW is now seeking EU approval for FSD with a key committee hearing scheduled for Tuesday. The regulators in the Netherlands, Sweden, Finland, Denmark and Norway—key players in the approval process—have raised multiple concerns about the technology, the report added, citing undisclosed email correspondence. The concerns include the system’s tendency to exceed speed limits, questions around its safety in icy conditions, and the ease with which drivers may bypass safeguards meant to restrict mobile phone usage, the report said. They also expressed frustration with Tesla’s ( TSLA ) strategy of publicly urging vehicle owners to put pressure on regulators to approve FSD. The EU committee will hear from Dutch officials on Tuesday, who will explain why they approved Tesla’s FSD and why other EU member states should follow their lead. For Tesla’s ( TSLA ) FSD system to secure approval, it must receive backing from committee members representing at least 55% of EU member states and 65% of the bloc’s population. The next committee meetings are expected to take place in July and October. Tesla’s ( TSLA ) EU market share has declined sharply in recent years with growing competition. Chinese EV makers like BYD ( BYDDF ) and legacy automakers such as Volkswagen ( VWAGY ) gained ground with newer models and aggressive pricing. More on Tesla Tesla's Robotaxi Opportunity Is Dead In Light Of Waymo's Dominance Tesla: The Future Is Promising, The Valuation Assumes It's Here Tesla: Disastrous Robotaxi Checkup Tesla revenue tied to Musk companies tops half a billion last year Tesla Semi finally b...
AudioCodes press release ( AUDC ): Q1 Non-GAAP EPS of $0.14 misses by $0.02 . Revenue of $62.1M (+2.8% Y/Y) beats by $0.6M . Quarterly Non-GAAP gross margin was 66.3%. Quarterly Non-GAAP operating margin was 7.7%. Net cash provided by operating activities was $12.8 million for the quarter. More on AudioCodes AudioCodes Q1 2026 Earnings Preview Gauzy regains Nasdaq compliance after board appointmen...
AudioCodes press release ( AUDC ): Q1 Non-GAAP EPS of $0.14 misses by $0.02 . Revenue of $62.1M (+2.8% Y/Y) beats by $0.6M . Quarterly Non-GAAP gross margin was 66.3%. Quarterly Non-GAAP operating margin was 7.7%. Net cash provided by operating activities was $12.8 million for the quarter. More on AudioCodes AudioCodes Q1 2026 Earnings Preview Gauzy regains Nasdaq compliance after board appointment Seeking Alpha’s Quant Rating on AudioCodes Historical earnings data for AudioCodes Dividend scorecard for AudioCodes
Kosmos Energy press release ( KOS ): Q1 GAAP EPS of -$0.45 misses by $0.47 . Revenue of $370.89M (+27.7% Y/Y) misses by $36.07M . Net Production: ~74,800 barrels of oil equivalent per day (boepd), up ~25% versus first quarter 2025. Production in Ghana averaged approximately 35,400 boepd net in the first quarter of 2026. Production in the Gulf of America averaged approximately 16,800 boepd net (~84...
Kosmos Energy press release ( KOS ): Q1 GAAP EPS of -$0.45 misses by $0.47 . Revenue of $370.89M (+27.7% Y/Y) misses by $36.07M . Net Production: ~74,800 barrels of oil equivalent per day (boepd), up ~25% versus first quarter 2025. Production in Ghana averaged approximately 35,400 boepd net in the first quarter of 2026. Production in the Gulf of America averaged approximately 16,800 boepd net (~84% oil) during the first quarter, in line with guidance. Production in Equatorial Guinea averaged approximately 16,000 bopd gross and 5,600 bopd net in the first quarter. Kosmos lifted 0.4 cargos from Equatorial Guinea during the quarter in line with guidance. More on Kosmos Energy Kosmos Energy: An O&G Company Still Priced For Disaster After A 180% Rally Kosmos Energy: Stay Away Until The Debt Issues Are Resolved Kosmos Energy Ltd. 2025 Q4 - Results - Earnings Call Presentation Kosmos Energy Q1 2026 Earnings Preview Kosmos Energy cut to Sell at Goldman after strong 2026 performance