(RTTNews) - The Australian stock market is trimming its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to a tad below the 8,500 level, with gains in gold miners and energy stocks partially offset by weakness in iron ore miners and technolo...
(RTTNews) - The Australian stock market is trimming its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to a tad below the 8,500 level, with gains in gold miners and energy stocks partially offset by weakness in iron ore miners and technology stocks. The benchmark S&P/ASX 200 Index is gaining 8.50 points or 0.10 percent to 8,491.30, after touching a high of 8,515.30 earlier. The broader All Ordinaries Index is up 11.60 points or 0.13 percent to 8,759.20. Australian stocks closed modestly lower on Monday. Among the major miners, BHP Group is edging down 0.4 percent and Mineral Resources is declining almost 4 percent, while Rio Tinto and Fortescue Metals are losing almost 1 percent each. Oil stocks are higher. Origin Energy is gaining 1.5 percent and Woodside Energy is adding almost 1 percent, while Santos and Beach energy are edging up 0.1 to 0.5 percent each. Among tech stocks, Afterpay owner Block, Appen and WiseTech Global are losing more than 1 percent each, while Xero is up more than 1 percent and Zip is advancing almost 3 percent. Gold miners are mostly higher. Northern Star resources is surging almost 5 percent, Newmont is gaining almost 4 percent, Gold Road Resources is adding more than 1 percent, Resolute Mining is edging up 0.5 percent and Evolution Mining is advancing more than 6 percent. Among the big four banks, Commonwealth Bank and National Australia Bank are edging down 0.1 to 0.3 percent each, while Westpac and ANZ Banking are edging up 0.2 to 0.5 percent each. In other news, shares in Seven West Media Ltd., SGH Ltd. and Nine Entertainment Co Holdings Ltd. are gaining 6.1, 5.2 and 10.9 percent, respectively, after the media companies reported their half-yearly results. Shares in Charter Hall Social Infrastructure are surging 7.8 percent after reporting its half-yearly results. In the currency ...
In this article Follow your favorite stocks CREATE FREE ACCOUNT An aerial view of a cargo ship being loaded with shipping containers at the Port of Baltimore in Baltimore, Maryland, on August 7, 2025. Jim Watson | Afp | Getty Images A U.S. trade court judge on Wednesday ordered the government to begin paying potentially billions of dollars in refunds to importers who paid tariffs that the Supreme ...
In this article Follow your favorite stocks CREATE FREE ACCOUNT An aerial view of a cargo ship being loaded with shipping containers at the Port of Baltimore in Baltimore, Maryland, on August 7, 2025. Jim Watson | Afp | Getty Images A U.S. trade court judge on Wednesday ordered the government to begin paying potentially billions of dollars in refunds to importers who paid tariffs that the Supreme Court said last month were collected illegally. Judge Richard Eaton of the U.S. Court of International Trade in Manhattan ordered the government to finalize the cost of bringing millions of shipments into the U.S. without assessing a tariff, according to a court filing. He ordered the refunds to be made with interest. When merchandise is brought into the United States, an importer pays an estimated amount at entry which is then finalized around 314 days later, a process known as liquidation. Eaton directed Customs and Border Protection to finalize the entry cost on shipments without the tariff being assessed, resulting in a refund. "Customs knows how to do this," he told a court hearing on Wednesday, according to a recording on the court's website. He said the agency should be able to program its system to issue refunds, which are regularly issued when an importer overpays on an estimated duty. "They do it every day. They liquidate entries and make refunds," he said. Eaton also set a hearing for Friday in which he asked for updates on CBP's refund plans. He said in his order that the court's chief judge indicated that Eaton is the only judge who will hear tariff refund cases. Customs and Border Protection has said in court filings that the task of finalizing entry costs without assessing a tariff was "unprecedented" in scale and could require manual review of more than 70 million entries. The agency had said in other court filings it wanted up to four months to assess its options for paying refunds. CBP did not respond to a request for comment. "The language in this order s...
By Che Pan and Laurie Chen BEIJING, March 5 (Reuters) - Alibaba Group Holding Ltd said on Thursday it would set up a new task force to accelerate foundation model development, following the resignation of its Qwen AI division head Lin Junyang. The task force will be coordinated by Alibaba Group CEO Eddie Wu, Group Chief Technology Officer Wu Zeming, and Alibaba Cloud CTO Zhou Jingren, who wi...
By Che Pan and Laurie Chen BEIJING, March 5 (Reuters) - Alibaba Group Holding Ltd said on Thursday it would set up a new task force to accelerate foundation model development, following the resignation of its Qwen AI division head Lin Junyang. The task force will be coordinated by Alibaba Group CEO Eddie Wu, Group Chief Technology Officer Wu Zeming, and Alibaba Cloud CTO Zhou Jingren, who will mobilise group-wide resources for the initiative, the company said in a letter to staff. Zhou will continue to lead Tongyi Laboratory, Alibaba's AI research arm, and oversee its ongoing projects, according to the letter. The announcement came a day after Lin posted on X that he was stepping down from his role at Qwen, the third senior Qwen executive to leave this year. In the staff letter, which confirmed Lin's departure, Alibaba pledged to channel additional resources toward the company's AI development efforts. (Reporting by Che Pan and Laurie Chen; Editing by Muralikumar Anantharaman)
Earnings Call Insights: Broadcom Inc. (AVGO) Q1 2026 Management View CEO Hock Tan announced that total revenue for Q1 2026 reached a record $19.3 billion, representing a 29% year-on-year increase and attributing the outperformance to "better-than-expected growth in AI semiconductors." He highlighted that "Q1 consolidated adjusted EBITDA hit a record $13.1 billion, which is 68% of revenue." Tan not...
Earnings Call Insights: Broadcom Inc. (AVGO) Q1 2026 Management View CEO Hock Tan announced that total revenue for Q1 2026 reached a record $19.3 billion, representing a 29% year-on-year increase and attributing the outperformance to "better-than-expected growth in AI semiconductors." He highlighted that "Q1 consolidated adjusted EBITDA hit a record $13.1 billion, which is 68% of revenue." Tan noted, "Now we expect this momentum to accelerate as our custom AI XPUs hit their next phase of deployment among our 5 customers," and projected consolidated revenue of approximately $22 billion for Q2 2026—representing 47% year-on-year growth. He underscored the rapid expansion in AI semiconductor revenue, stating, "AI semiconductor revenue...grew 106% year-on-year to $8.4 billion, way above our outlook. In Q2, this momentum accelerates, and we expect semiconductor revenue to be $14.8 billion, up 76% year-on-year. Driving this is AI revenue growth, which will accelerate very sharply to 140% year-on-year to $10.7 billion." Tan revealed a sixth customer for custom AI accelerators and shared that OpenAI will deploy its first-generation XPU in 2027 at over 1 gigawatt of compute capacity. He stressed, "Our visibility in 2027 has dramatically improved. Today, in fact, we have line of sight to achieve AI revenue from chips...in excess of $100 billion in 2027. We have also secured the supply chain required to achieve this." On the infrastructure software segment, Tan reported, "Q1 infrastructure software revenue of $6.8 billion was in line with our guidance, so up 1% year-on-year" and emphasized VMware Cloud Foundation as "the essential software layer in data centers" for integrating hardware and supporting generative AI workloads. CFO Kirsten Spears provided further detail: "Consolidated revenue was a record $19.3 billion for the quarter, up 29% from a year ago. Gross margin was 77% of revenue in the quarter." Spears highlighted, "Q1 operating income was a record $12.8 billion, up 3...
A股三大指数早盘集体上涨，截至午盘，沪指涨0.84%，深成指涨1.67%，创业板指涨2.43%，北证50指数涨1.08%，沪深京三市半日成交额15617亿元，较上日缩量931亿元。全市场超4500只个股上涨。 板块题材上，MicroLED概念、电网设备、培育钻石、脑机接口、量子科技、半导体、可控核聚变、CPO、AI眼镜板块涨幅居前；油气开采及服务、种植业与林业、粮食概念、港口航运、煤炭开采加工、贵金属、军工装备板块跌幅居前。盘面上，早盘亚太市场风险偏好回升带动泛科技股反弹，MicroLED方向领涨，聚灿光电、华灿光电等10余股涨停，机构称Micro LED CPO有望凭节能优势成为光互连替代方案。AI散热需求推动培育钻石板块走高，黄河旋风收获涨停。同样受益AI浪潮，电网设备板块反复走强，顺钠股份、积成电子、汉缆股份、通光线缆2连板。此外，CPO、半导体、量子科技等泛科技板块均有不俗表现。另一方面，市场预期中东局势可能很快降温，石油、粮食方向回吐本周部分涨幅，中海油服、蓝焰控股等跌幅居前。
James Reynolds, Goldman Sachs Asset Management Co-Head of Private Credit, said the private credit sector remains resilient, with few borrowers struggling to meet loan payments, and that fundamentals look "very strong" at this stage. He speaks with Haidi Stroud Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)
James Reynolds, Goldman Sachs Asset Management Co-Head of Private Credit, said the private credit sector remains resilient, with few borrowers struggling to meet loan payments, and that fundamentals look "very strong" at this stage. He speaks with Haidi Stroud Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)