(RTTNews) - MinebeaMitsumi Inc. (6479.T), a Japanese manufacturer of mechanical components and electronic devices, on Tuesday reported higher net income in the full year 2026 compared with the previous year.
(RTTNews) - MinebeaMitsumi Inc. (6479.T), a Japanese manufacturer of mechanical components and electronic devices, on Tuesday reported higher net income in the full year 2026 compared with the previous year.
A Sany Heavy Industry excavator. Photo: VCG Major Chinese construction machinery manufacturers are raising excavator prices to offset surging raw material costs and recover profit margins squeezed by a prolonged price war. Sany Heavy Industry Co. Ltd. (600031.SH), XCMG Construction Machinery Co. Ltd. (000425.SZ) and Guangxi Liugong Machinery Co. Ltd. (000528.SZ) have announced price hikes of 3% to...
A Sany Heavy Industry excavator. Photo: VCG Major Chinese construction machinery manufacturers are raising excavator prices to offset surging raw material costs and recover profit margins squeezed by a prolonged price war. Sany Heavy Industry Co. Ltd. (600031.SH), XCMG Construction Machinery Co. Ltd. (000425.SZ) and Guangxi Liugong Machinery Co. Ltd. (000528.SZ) have announced price hikes of 3% to 5% across their excavator lineups, taking effect between mid-May and early June.
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. It’s crunch time. Keir Starmer faces a crucial Cabinet meeting this morning as pressure grows for him to call it quits , including from allies. More than 70 of Labour’s 403 MPs have now called on the PM to set out a timetable for his departure in the wake of last week’s bruisi...
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. It’s crunch time. Keir Starmer faces a crucial Cabinet meeting this morning as pressure grows for him to call it quits , including from allies. More than 70 of Labour’s 403 MPs have now called on the PM to set out a timetable for his departure in the wake of last week’s bruising local elections. Darren Jones, chief secretary to the PM, told Times Radio that Starmer is talking and listening to colleagues, and considering options. The pound hit a two-week low and gilts slumped. Investors worry a left-leaning candidate could replace him, with spending plans that require bigger bond sales. A Schroders bond-fund manager told Bloomberg, he’s steering clear of UK debt due to concerns that yet more political upheaval will drag yields higher in the coming months. More on that risk from my colleague Sam below. “We understand the importance of fiscal rules, we understand the importance of getting down the cost of borrowing,” MP Yuan Yang (who has called for Starmer to go) told the BBC this morning, in attempt to quell those fears. Strap in and stay tuned. What’s your take? Ping me on X , LinkedIn or drop me an email at lmoon13@bloomberg.net. Oh, and do subscribe to Bloomberg.com for unlimited access to trusted business journalism on the UK, and beyond. What We’re Watching In corporate news, telecoms giant Vodafone beat expectations in the latest evidence that its plan to focus on its biggest markets — Germany and the UK — is paying off. It’s been withdrawing from smaller markets and recently took full control of VodafoneThree, the UK’s biggest operator. Shares fell 3.4%. Rizla maker Imperial Brands said tobacco revenue grew in the first half, thanks to prices rather than higher volumes. Sales for next generation products (vapes) did grow, though, and it kept its guidance intact. Greggs has forward buying in place for about five months-worth of food and pac...
Dragon Claws/iStock via Getty Images By Steffan Szumowski The nuclear industry has seen a recent flurry of announcements, headlined by two major industry partnerships to rapidly deploy new reactors. These exciting developments come against the backdrop of a new national poll showing increased positive sentiment towards nuclear energy. This all adds to the positive tailwinds for nuclear development...
Dragon Claws/iStock via Getty Images By Steffan Szumowski The nuclear industry has seen a recent flurry of announcements, headlined by two major industry partnerships to rapidly deploy new reactors. These exciting developments come against the backdrop of a new national poll showing increased positive sentiment towards nuclear energy. This all adds to the positive tailwinds for nuclear development in the U.S. Brookfield Asset Management ( BAM ) and The Nuclear Company (TNC, private) have formed a new partnership to deploy Westinghouse ( CCJ ) AP1000 and AP300 reactors, while Blue Energy (private) has teamed with GE Vernova ( GEV ) to pioneer a gas-plus-nuclear hybrid approach. These developments arrive as a new Gallup poll revealed record public support for nuclear energy alongside declining enthusiasm for solar and wind. Together, the announcements highlight how private-sector execution expertise and innovative deployment models are translating policy momentum and shifting sentiment into tangible project progress. The VettaFi Nuclear Renaissance Index (NUKZX) provides exposure to companies that will benefit from these tailwinds. The index includes key reactor technology owners, equipment providers, and service firms positioned to generate revenue from these projects. NUKZX serves as the underlying index for the Range Nuclear Renaissance Index ETF ( NUKZ ). Brookfield and TNC Target Westinghouse Revival Brookfield, a global infrastructure investment firm with more than $1 trillion in assets under management, has partnered with TNC to create a new nuclear project execution company. TNC was founded by veterans of the Vogtle Units 3 and 4 project in Georgia, which were the last large reactors built in the U.S. The new entity will specialize in end-to-end project management, licensing support, engineering, procurement, construction, and commissioning for Westinghouse’s AP1000 large reactors and the smaller AP300 design. TNC looks to utilize the experience of their team ...
Nokia ( NOK ) Tuesday announced the introduction of agentic AI capabilities across its fixed network product lines, positioning the technology as a tool for operational intelligence and productivity across home and broadband networks. The company said the new capabilities draw on insights from more than 600 million broadband lines deployed and span design, planning, rollout and operations for fibe...
Nokia ( NOK ) Tuesday announced the introduction of agentic AI capabilities across its fixed network product lines, positioning the technology as a tool for operational intelligence and productivity across home and broadband networks. The company said the new capabilities draw on insights from more than 600 million broadband lines deployed and span design, planning, rollout and operations for fiber and Wi‑Fi networks. Nokia ( NOK ) has embedded AI agents and natural language interaction across its Altiplano, Corteca and Broadband Easy platforms. The company said these agents enable telecom providers to modernize operations, reduce costs and resolve problems proactively, citing expected outcomes such as lifting first‑contact helpdesk resolution rates above 50%, qualifying network incidents within five minutes, and reducing return visits to construction sites and connected homes by 50%. More on Nokia Oyj Nokia Oyj And Its Real Value Nokia's Optical Networking Business Is A Solid Investment Catalyst Nokia: Sleeping Giant Boosted By AI Nokia breaks seven-day rally; shares fall Nokia exits FWA unit, takes 11% stake in Inseego
A Hong Kong merchant has pleaded guilty to the attempted murder of his wife and three daughters by burning charcoal in their public rental flat two years ago, saying he was “out of options” after struggling to repay debts totalling nearly HK$900,000 (US$115,000). The High Court heard on Tuesday that Wong Pak-ting, 45, spiked the dinner he prepared for his family with sleeping pills before attempti...
A Hong Kong merchant has pleaded guilty to the attempted murder of his wife and three daughters by burning charcoal in their public rental flat two years ago, saying he was “out of options” after struggling to repay debts totalling nearly HK$900,000 (US$115,000). The High Court heard on Tuesday that Wong Pak-ting, 45, spiked the dinner he prepared for his family with sleeping pills before attempting to kill himself with them at their home in Tuen Mun’s Shan King Estate on June 25, 2024. Wong...
Three-time Olympic medallist Katie Archibald retires from cycling - despite being previously chosen for Scotland's 2026 Commonwealth Games team - having "fallen in love" with her new career as a nurse.
Three-time Olympic medallist Katie Archibald retires from cycling - despite being previously chosen for Scotland's 2026 Commonwealth Games team - having "fallen in love" with her new career as a nurse.
On today's show, the ceasefire between the US and Iran reached a particularly precarious moment as President Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer. The Middle East and trade are expected to top the agenda when President Trump and Chinese counterpart Xi Jinping meet Thursday morning in Beijing. The Kospi saw wild swings — sheddin...
On today's show, the ceasefire between the US and Iran reached a particularly precarious moment as President Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer. The Middle East and trade are expected to top the agenda when President Trump and Chinese counterpart Xi Jinping meet Thursday morning in Beijing. The Kospi saw wild swings — shedding more than $300 billion in value over 97 minutes, and then paring losses — after a top South Korean official floated the idea of a “citizen dividend” using AI profits but later clarified it would be funded by excess profits. And Keir Starmer is facing growing pressure to step down as Britain’s prime minister after dozens of members of Parliament, including Cabinet allies, are said to have joined calls for Starmer to set out a timetable for his departure. Today's guest: Maria Ferraro, Siemens Energy, CFO. (Source: Bloomberg)
EQT AB raised its takeover offer for Intertek Group Plc as the private equity firm seeks to overcome repeated rejections from the UK product testing business. EQT’s latest proposal includes £60 ($81) a share in cash, a 59% premium to Intertek’s price on April 9, the day before its initial offer, the company said Tuesday in a statement . EQT will also include the 107.7 pence final dividend announce...
EQT AB raised its takeover offer for Intertek Group Plc as the private equity firm seeks to overcome repeated rejections from the UK product testing business. EQT’s latest proposal includes £60 ($81) a share in cash, a 59% premium to Intertek’s price on April 9, the day before its initial offer, the company said Tuesday in a statement . EQT will also include the 107.7 pence final dividend announced by Intertek in March. The previous offer was for £58 a share. Intertek’s board rejected that proposal last week, as well as two earlier bids from EQT.
Endurance specialist won Olympic gold in Rio and Tokyo ‘I don’t know where I’ll get these feelings again’ Katie Archibald, the Scottish track cyclist who won gold medals at the Rio and Tokyo Olympics , has announced her retirement with immediate effect. The decision means the 32-year-old, who also won multiple world, European and Commonwealth titles, will not compete in July’s Commonwealth Games i...
Endurance specialist won Olympic gold in Rio and Tokyo ‘I don’t know where I’ll get these feelings again’ Katie Archibald, the Scottish track cyclist who won gold medals at the Rio and Tokyo Olympics , has announced her retirement with immediate effect. The decision means the 32-year-old, who also won multiple world, European and Commonwealth titles, will not compete in July’s Commonwealth Games in Glasgow. Continue reading...
Dragos Condrea/iStock via Getty Images Dear Fellow Investors, The Partners Fund returned approximately 2% 1 net in the fourth quarter, bringing full-year returns to 14%. The criteria for selecting managers in the Partners Fund include: One-person investment committee Concentrated holdings Reasonable amounts of capital (AUM) Significant personal investments (“skin in the game”) Original thinking Mi...
Dragos Condrea/iStock via Getty Images Dear Fellow Investors, The Partners Fund returned approximately 2% 1 net in the fourth quarter, bringing full-year returns to 14%. The criteria for selecting managers in the Partners Fund include: One-person investment committee Concentrated holdings Reasonable amounts of capital (AUM) Significant personal investments (“skin in the game”) Original thinking Mindset: Getting rich is not the point None of these criteria point to heavy exposure to the “Magnificent 7”. In 2025, that mattered: our managers' focus on smaller, less-followed companies was a headwind as the largest technology companies continued to deliver 20%+ revenue growth, and investors paid higher prices for that growth, even as those businesses migrated from asset-light to capital-intensive businesses. Murray Stahl, CEO and portfolio manager at Horizon Kinetics, has written about “invisible companies.” As passive investing has grown, some businesses receive little attention for structural reasons—size, liquidity, listing venue, or index rules—rather than fundamentals. Entire categories such as royalty companies, exchanges, and smaller resource companies can be overlooked because of liquidity constraints, domicile rules, sector classification, or trading venue. Ironically, Stahl's own firm, Horizon Kinetics Holding Company ( HKHC ), is effectively an invisible company. It went public through a reverse merger whereby a private company merges with a pre-existing public company (not a traditional IPO), has zero analyst coverage, no investor presentation, and trades OTC (not on the Nasdaq or NYSE). HKHC is not in any major index. Unlike virtually every S&P 500 company where Vanguard and BlackRock show up as top 10 shareholders through their passive products, those firms do not own HKHC. Instead, HKHC’s management shows up as its largest holder. I want to highlight Horizon Kinetics because it is a large holding of Maran Capital, a fund that we are invested in. As Dan Rol...