"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Beijing and Tokyo with Haidi Stroud-Watts and Shery Ahn, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Beijing and Tokyo with Haidi Stroud-Watts and Shery Ahn, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
(RTTNews) - Daiichi Life Group, Inc. (DLICY, DCNSF, 8750.T), a Japanese insurance holding company, on Friday, reported net income declined despite an increase in revenue in the full year ended March 31, 2026, compared with the previous year.
(RTTNews) - Daiichi Life Group, Inc. (DLICY, DCNSF, 8750.T), a Japanese insurance holding company, on Friday, reported net income declined despite an increase in revenue in the full year ended March 31, 2026, compared with the previous year.
Beijing joins Mars club after ‘nine minutes of terror’ By William Zheng This article was first published on May 16, 2021 After seven months of space travel, three months in orbit and “nine minutes of terror”, China has become the third country in the world to safely land a rover on Mars. The China National Space Administration (CNSA) said its rover Zhu Rong – named after the Chinese god of f...
Beijing joins Mars club after ‘nine minutes of terror’ By William Zheng This article was first published on May 16, 2021 After seven months of space travel, three months in orbit and “nine minutes of terror”, China has become the third country in the world to safely land a rover on Mars. The China National Space Administration (CNSA) said its rover Zhu Rong – named after the Chinese god of fire and war – successfully landed on Mars yesterday after “nine minutes of terror”, referring...
Anna Reshetnikova/iStock via Getty Images Overview Business development companies continue to face headwinds due to a variety of factors. We have higher interest rates putting pressure on portfolio companies, and the uncertainty around AI is negatively impacting the cash flows for many borrowers. Unfortunately, Nuveen Churchill Direct Lending ( NCDL ) is no exception to these headwinds. When I pre...
Anna Reshetnikova/iStock via Getty Images Overview Business development companies continue to face headwinds due to a variety of factors. We have higher interest rates putting pressure on portfolio companies, and the uncertainty around AI is negatively impacting the cash flows for many borrowers. Unfortunately, Nuveen Churchill Direct Lending ( NCDL ) is no exception to these headwinds. When I previously covered NCDL, I issued a sell rating due to the steep NAV declines and lower earnings. Since NCDL just reported its Q1 earnings, I wanted to revisit the BDC to reassess its value proposition and determine whether or not we've seen the worst of things. Looking at the performance over the last twelve months, we can see that NCDL's share price has declined by more than 13.8%. Even when including all distributions that were paid out to shareholders, the total return sits at a loss of 2.6% over the same time frame. NCDL now offers investors a starting dividend yield of about 10.9%, while issuing those payouts on a quarterly basis. Following the latest earnings report, NCDL has demonstrated that it is still capable of generating net investment income that outpaces those payouts. Data by YCharts Although the dividend is still supported by earnings, I find myself questioning whether or not the high income is worth the risk. After assessing the current portfolio structure and rate of new investment activity, I see a strong probability for the NAV to continue its descent. Management has struggled to allocate sufficient capital towards new investments, and a high interest rate continues to threaten the odds of this improving in the near-term. Q1 Earnings According to the latest portfolio overview , NCDL now has total investments with a fair value of $1.97B that are spread across a diverse range of portfolio companies. However, the portfolio value has trended down year-over-year, which is an indication that the portfolio is struggling to sufficiently grow its portfolio. Despite...
Gilead Sciences ( GILD ) announced that it has priced senior unsecured notes totaling $3B in a public offering. This includes $500M of 4.250% senior notes maturing in 2028, $1B of 4.400% senior notes maturing in 2029, $1B of 4.600% senior notes maturing in 2031, and $500M of 4.900% senior notes maturing in 2034. The offering is expected to close on May 20, 2026, pending standard conditions. Gilead...
Gilead Sciences ( GILD ) announced that it has priced senior unsecured notes totaling $3B in a public offering. This includes $500M of 4.250% senior notes maturing in 2028, $1B of 4.400% senior notes maturing in 2029, $1B of 4.600% senior notes maturing in 2031, and $500M of 4.900% senior notes maturing in 2034. The offering is expected to close on May 20, 2026, pending standard conditions. Gilead plans to use the money raised for general corporate purposes, including acquisitions , investments, strategic transactions, or other business opportunities. More on Gilead Sciences Gilead's Transition Into A Long-Duration Biotech Platform Gilead Sciences, Inc. (GILD) Presents at Bank of America Global Healthcare Conference 2026 Transcript Gilead Sciences, Inc. (GILD) Q1 2026 Earnings Call Transcript Biopharmas look to China, elsewhere for partnerships, R&D Trump 'Most Favored Nation' drug policy risks China R&D takeover
European stocks fell by the most since March as the latest rise in oil prices fanned inflation fears and worsened a global bond selloff. The Stoxx 600 declined 1.5% on Friday as risk sentiment spluttered in the face of rising bond yields . Rate-sensitive sectors such as banks, utilities and real estate saw broad based weakness, while the pullback in metals from gold to copper led miners lower afte...
European stocks fell by the most since March as the latest rise in oil prices fanned inflation fears and worsened a global bond selloff. The Stoxx 600 declined 1.5% on Friday as risk sentiment spluttered in the face of rising bond yields . Rate-sensitive sectors such as banks, utilities and real estate saw broad based weakness, while the pullback in metals from gold to copper led miners lower after a strong week. Energy stocks were the one bright spot, while healthcare and consumer staples outperformed as investors sought out defensive plays. Brent crude rose above $109 a barrel after President Donald Trump told Fox News the US doesn’t need the Strait of Hormuz open. Markets were also disappointed that Trump’s summit with Chinese leader Xi Jinping failed to yield any commitment from Beijing toward ending the Iran war. “With a background of bond markets looking unsettled, with the problem of inflation, with the Strait of Hormuz not having a solution out of that Summit, I think there will definitely be some volatility to come,” Paul Skinner , investment director at Wellington Management, told Bloomberg TV. Read: BofA’s Hartnett Says Stock Market Ripe for Profit Taking in June European stocks have underperformed US and Asian shares since the start of the Iran war, given the region is seen more exposed to the impact of higher energy prices on inflation and economic growth. Money markets are pricing about three interest rate hikes this year from the European Central Bank and Bank of England. ECB Governing Council member Yannis Stournaras warned borrowing costs may rise if oil prices stay at current levels, while Huw Pill, the Bank of England’s chief economist, said late Thursday that a rate hike may be needed in the UK to combat inflation. Among individual stocks, Salvatore Ferragamo SpA fell 18% low after reporting disappointing first-quarter sales. LVMH Moët Hennessy Louis Vuitton dropped after announcing plans to sell the Marc Jacobs label to WHP Global. For more on e...