Wale won a parliamentary ballot 26 votes to 22 after incumbent Jeremiah Manele was ousted from power last week in a no-confidence vote Solomon Islands parliament on Friday elected opposition leader Matthew Wale as prime minister, after incumbent Jeremiah Manele was ousted from power last week in a no-confidence vote. Wale defeated Peter Shanel Agovaka by 26 votes to 22 in a ballot of the country’s...
Wale won a parliamentary ballot 26 votes to 22 after incumbent Jeremiah Manele was ousted from power last week in a no-confidence vote Solomon Islands parliament on Friday elected opposition leader Matthew Wale as prime minister, after incumbent Jeremiah Manele was ousted from power last week in a no-confidence vote. Wale defeated Peter Shanel Agovaka by 26 votes to 22 in a ballot of the country’s members of parliament, governor general David Tiva Kapu, told a news conference. Continue reading...
A record-breaking global stock rally driven by AI optimism stalled in Asia on Friday, with sentiment souring across assets as global yields rise. Bloomberg Markets Live Executive Editor Mark Cudmore explains. (Source: Bloomberg)
A record-breaking global stock rally driven by AI optimism stalled in Asia on Friday, with sentiment souring across assets as global yields rise. Bloomberg Markets Live Executive Editor Mark Cudmore explains. (Source: Bloomberg)
Market Snapshot USD/INR ₹95.77 +0.1% Nifty 50 Index 23,689.60 +1.2% India 10-Year Bond Yield 7.03% -0.01 Spot Gold ($/oz) $4,615.79 -0.8% S&P 500 Futures 7,501.00 -0.3% Market data as of 08:08 AM IST, May. 15, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Alex Gabriel Simon in Mumbai, with your pre-market briefing as we assess a series of m...
Market Snapshot USD/INR ₹95.77 +0.1% Nifty 50 Index 23,689.60 +1.2% India 10-Year Bond Yield 7.03% -0.01 Spot Gold ($/oz) $4,615.79 -0.8% S&P 500 Futures 7,501.00 -0.3% Market data as of 08:08 AM IST, May. 15, 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 pre-market briefing as we assess a series of measures to support the struggling rupee. Local shares may head into Friday’s session on firmer footing, as investors take comfort from decisive measures to shore up market sentiment. The government has tightened rules for duty-free gold imports used in jewelry exports — the latest move aimed at easing pressure on forex reserves — days after doubling import duties on bullion and silver. Petrol and diesel prices have also been hiked , which could help curb fuel demand and reduce pressure on oil refiners losing money on auto fuel sales. The efforts are helping steady sentiment among equity investors, who are betting a steadier rupee may eventually draw foreign money back into local assets. The Nifty posted a second consecutive day of gains on Thursday, clawing back some of the losses seen early in the week. Adani Group stocks will be in the spotlight after billionaire Gautam Adani and his nephew Sagar agreed to pay a total of $18 million to settle Securities and Exchange Commission allegations they made false and misleading representations about Adani Green Energy. Metal stocks are also likely to be in focus as Tata Steel, Steel Authority and Hindustan Copper announce March-quarter numbers. In today’s newsletter, we write about: The collateral damage from a weak IT sector Mutual funds’ bet on revival in industrial spending Hospital stocks outperforming the Nifty But first, let’s look at another way the government may be trying to lure foreign capital back and support the rupee. Wooing Global Funds The rupee reversed losses on Thursday following a Bloomberg report that the gove...
(RTTNews) - Indian shares are seen opening lower on Friday following mixed cues from global markets. Geopolitical tensions returned to the fore as efforts to resolve the Iran war face a stalemate.
(RTTNews) - Indian shares are seen opening lower on Friday following mixed cues from global markets. Geopolitical tensions returned to the fore as efforts to resolve the Iran war face a stalemate.
photosoup/iStock via Getty Images Investment overview I wrote about Siemens Energy ( SMEGF ) previously with a strong buy rating, as I believed fundamentals were very solid, wherein management has revised FY28 guidance upward. About 6 months later today, I still believe the stock remains a strong buy. GT is now becoming the biggest growth driver for the business; GS continues to show strong demand...
photosoup/iStock via Getty Images Investment overview I wrote about Siemens Energy ( SMEGF ) previously with a strong buy rating, as I believed fundamentals were very solid, wherein management has revised FY28 guidance upward. About 6 months later today, I still believe the stock remains a strong buy. GT is now becoming the biggest growth driver for the business; GS continues to show strong demand and better booked margins, and cash generation is strong enough for management to accelerate buybacks again. In my view, this is becoming a much stronger earnings and capital returns story. 2Q26 earnings For context, SMEGF has already pre-released its results a few weeks ago, and yesterday was the official release of the Q2 2026 results. As a recap, revenue saw EUR10.3 billion, up 8.9% y/y on a comparable basis, with growth across all segments. Orders touched a record of EUR17.7 billion, and backlog rose to a record EUR154 billion. By segments, Gas Services [GS] revenue was up 15% y/y to EUR3.5 billion on a comparable basis, wherein growth came mainly from the new-units business, while service revenue was slightly below vs. last year. Grid Technologies [GT] revenue was up 12.3% y/y to EUR3.1 billion, driven mainly by switchgear and transformer demand. Transformation of Industry [TI] revenue was up 5.4% y/y to EUR1.4 billion, while Siemens Gamesa [SGRE] revenue was basically flat y/y at EUR2.5 billion. Profit metrics came in really strong too. Profit before special items came in at EUR1.16 billion, with margins up ~220bps y/y to 11.3%. This was supported by GS’s EUR5 52 million; GT’s EUR 524 million; TI’s EUR 171 million; and SGRE’s lower losses of -EUR44 million. For free cash flow pre-tax, this was up a significant amount from ~EUR1.39 billion to ~EUR1.98 billion. GT is now the biggest upside driver I used to think GS was the biggest driver to SMEGF’s equity story, but after looking at Q2 developments, I believe GT is now the most bullish part of the narrative. The number...
OpenAI Chief Financial Officer Sarah Friar said the ChatGPT maker may raise more capital even after completing what she described as the largest private fundraising round ever, as the company races to secure scarce computing power to meet surging AI demand. OpenAI’s recent $122 billion round has given the company “a lot of optionality,” Friar told Bloomberg TV in an interview, but added that futur...
OpenAI Chief Financial Officer Sarah Friar said the ChatGPT maker may raise more capital even after completing what she described as the largest private fundraising round ever, as the company races to secure scarce computing power to meet surging AI demand. OpenAI’s recent $122 billion round has given the company “a lot of optionality,” Friar told Bloomberg TV in an interview, but added that future fundraising will depend on demand, revenue growth, cash flow and the gap between the computing power OpenAI needs and what it can afford. She also said public markets could be an attractive fundraising avenue over time because they are “significantly bigger” than private markets and could allow the company to tap a wider range of financing options. The comments highlight the central tension facing OpenAI and the broader artificial intelligence boom: Demand for its products is accelerating , but the infrastructure needed to support that growth remains scarce and expensive. Friar said OpenAI has more than 900 million weekly active ChatGPT users, its software engineering product Codex has surpassed 4 million users, and computing power remains a “huge competitive advantage” in a market where “there’s not a lot of compute in 2026.” “We’re going up a vertical wall of demand,” Friar said. She added that OpenAI’s enterprise sales team is “run ragged” by customers asking how to transform their businesses with AI, while banks are prioritizing the company’s cybersecurity model. Asked about a strained partnership with Apple Inc. and possible legal action, Friar said OpenAI wants to make the relationship work but declined to comment on litigation. Read More: Apple-OpenAI Alliance Frays, Setting Up Possible Legal Fight (2)
(Bloomberg) -- OpenAI Chief Financial Officer Sarah Friar said the ChatGPT maker may raise more capital even after completing what she described as the largest private fundraising round ever, as the company races to secure computing power to meet surging AI demand.Most Read from BloombergHormuz Oil Flows Creep Higher as More Supertankers ExitIran’s Kharg Island Oil Jetties Empty Again Yesterday, S...
(Bloomberg) -- OpenAI Chief Financial Officer Sarah Friar said the ChatGPT maker may raise more capital even after completing what she described as the largest private fundraising round ever, as the company races to secure computing power to meet surging AI demand.Most Read from BloombergHormuz Oil Flows Creep Higher as More Supertankers ExitIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsWhat Is The Thucydides Trap and Why Did Xi Raise It With Trump?Xi Tells US CEOs on Tru