So between the two rounds there will be pressure on Bournazel and Knafo to stand down in favour of Dati - and on Chikirou to leave the field to Grégoire. It will be urged on them that by staying in the race, they split the vote and open the way for their opponent.
So between the two rounds there will be pressure on Bournazel and Knafo to stand down in favour of Dati - and on Chikirou to leave the field to Grégoire. It will be urged on them that by staying in the race, they split the vote and open the way for their opponent.
SmileStudioAP/iStock via Getty Images Market Review Global small cap equities rose in the fourth quarter, with signs that market leadership was beginning to broaden. Notably, the months-long AI-driven rally appeared to enter a new phase, with investors becoming increasingly cautious about the sustainability of elevated AI capex. Many perceived AI-winners (mainly companies investing in or enabling ...
SmileStudioAP/iStock via Getty Images Market Review Global small cap equities rose in the fourth quarter, with signs that market leadership was beginning to broaden. Notably, the months-long AI-driven rally appeared to enter a new phase, with investors becoming increasingly cautious about the sustainability of elevated AI capex. Many perceived AI-winners (mainly companies investing in or enabling AI infrastructure) sold off as the pace of spending on chips and data centers, which has been significantly reliant on debt financing, showed no signs of moderating, leading many to question the returns such investments would ultimately generate. However, AI-linked stocks staged a recovery in the closing weeks of the period. In the United States, investors cheered as the Federal Reserve lowered interest rates at three consecutive policy meetings despite disagreements among officials about the path ahead. At its December policy meeting, the central bank hinted that it would likely pause further cuts as it collects more data to assess labor market and inflation conditions. Investors also reacted positively to a delayed release of third-quarter US GDP data showing stronger than expected growth driven by resilient consumer spending, powering stocks in the region to new highs toward the end of the period. Meanwhile in Europe, stocks advanced after the European Central Bank held interest rates steady amid signs that the eurozone's economic outlook was improving, suggesting its easing cycle was largely complete. The Bank of England lowered interest rates in December to their lowest level in nearly three years but signaled a slower pace of future reductions. Central banks in Switzerland, Sweden, and Norway left their key interest rates unchanged during the quarter. In Japan, equities rose but lagged the broader global index as investor enthusiasm for the elevation of a new, business-friendly prime minister was tempered by the Bank of Japan's renewed rate-hiking cycle. The central b...
William Luque/iStock via Getty Images Rio Tinto ( RIO ) said late Thursday it suspended all surface and underground mining operations at its Kennecott complex in Utah after a contracted worker died following an unspecified incident at its Bingham Canyon copper mine. Rio Tinto ( RIO ) CEO Simon Trott said the company is working closely with authorities and contractor partners to support an investig...
William Luque/iStock via Getty Images Rio Tinto ( RIO ) said late Thursday it suspended all surface and underground mining operations at its Kennecott complex in Utah after a contracted worker died following an unspecified incident at its Bingham Canyon copper mine. Rio Tinto ( RIO ) CEO Simon Trott said the company is working closely with authorities and contractor partners to support an investigation, and he plans to travel to the site. Kennecott is one of the world's top-producing open-pit mines, producing ~275K tons of copper, 400K oz of gold, 4M oz of silver, and 25M lbs of molybdenum annually. More on Rio Tinto BHP Group Is A Better Fit For All-Weather Portfolios Than Rio Tinto Rio Tinto's Mongolian Friction Threatens Long-Term ROI Rio Tinto: Up A Lot, Still A Good Outlook
A top-performing emerging markets fund is increasing its exposure to major Chinese artificial intelligence hyperscalers, betting they offer better value than US tech giants that are pouring vast sums into expansion. Caroline Cai , chief executive officer of Pzena Investment Management, said her $3.9 billion fund has been adding digital platform companies such as Tencent Holdings Ltd. and Alibaba G...
A top-performing emerging markets fund is increasing its exposure to major Chinese artificial intelligence hyperscalers, betting they offer better value than US tech giants that are pouring vast sums into expansion. Caroline Cai , chief executive officer of Pzena Investment Management, said her $3.9 billion fund has been adding digital platform companies such as Tencent Holdings Ltd. and Alibaba Group Holding Ltd. The firms look inexpensive and offer more upside given their potential to transform everyday life, she said. “You’re not paying a lot for that possibility that AI does bend the curve on productivity,” Cai said in an interview from New York. Such a strategy should pay off during the early stages when it’s still hard to predict the eventual winners and losers, she added. Investors are weighing AI prospects in the US and China as the technology increasingly becomes the next front in the battle for tech supremacy. In America, the biggest companies are committing hundreds of billions of dollars to data centers and computing power in a race to build the most advanced models. In contrast, Chinese internet groups are spending much less and focusing more on applications that embed AI into existing platforms. Pzena’s emerging-markets value fund has outperformed 97% of its peers over the past five years, data compiled by Bloomberg show. It has also fared better than 90% of its peers this year. Top holdings include Samsung Electronics Co. , Taiwan Semiconductor Manufacturing Co. and Alibaba. Across all products, Cai is co-portfolio manager for approximately $67 billion in assets. Cai said part of the funding for the new positions in Alibaba and Tencent came from trimming exposure to Samsung and TSMC, which the fund doesn’t find as compelling as before. In the Korean chipmaker’s case, the investment thesis played out sooner than expected as memory chip prices soared on AI demand. Her view stands out against broader sentiment. Investors have been selling shares of Tence...
"Few of us can find out if we are covered on insurance and only receive auto replies to any questions. We all miss our loved ones and wish to return home," Debbie says.
"Few of us can find out if we are covered on insurance and only receive auto replies to any questions. We all miss our loved ones and wish to return home," Debbie says.
(RTTNews) - Enghouse Systems (ENGH.TO) released a profit for first quarter that Dropped, from last year The company's bottom line came in at C$17.50 million, or C$0.32 per share. This compares with C$21.90 million, or C$0.40 per share, last year. The company's revenue for the period fell 3.1% to C$120.10 million from C$124.00 million last year. Enghouse Systems earnings at a glance (GAAP) : -Earni...
(RTTNews) - Enghouse Systems (ENGH.TO) released a profit for first quarter that Dropped, from last year The company's bottom line came in at C$17.50 million, or C$0.32 per share. This compares with C$21.90 million, or C$0.40 per share, last year. The company's revenue for the period fell 3.1% to C$120.10 million from C$124.00 million last year. Enghouse Systems earnings at a glance (GAAP) : -Earnings: C$17.50 Mln. vs. C$21.90 Mln. last year. -EPS: C$0.32 vs. C$0.40 last year. -Revenue: C$120.10 Mln vs. C$124.00 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Key Points The financial services giant's investment management arm imposed a limit on redemptions from a private credit fund. Market players are worried that private credit providers are more risky than previously thought. 10 stocks we like better than Morgan Stanley › Something close to a crisis is unfolding in the world of private credit, and on Thursday, Morgan Stanley's (NYSE: MS) stock was a...
Key Points The financial services giant's investment management arm imposed a limit on redemptions from a private credit fund. Market players are worried that private credit providers are more risky than previously thought. 10 stocks we like better than Morgan Stanley › Something close to a crisis is unfolding in the world of private credit, and on Thursday, Morgan Stanley's (NYSE: MS) stock was affected. On news that its investment management unit capped withdrawals from one such fund, investors bailed on Morgan Stanley shares, leaving them with a nearly 5% loss that trading session. Private panic Late on Wednesday, Morgan Stanley's North Haven Private Income Fund (PIF) sent its unit holders a letter notifying them of the new cap. Specifically, the fund wrote that it will limit tender requests to 5% of all units outstanding, as of the count last Dec. 31. This followed the fund returning around $169 million to its unit holders in redemptions already this quarter, for about 45.8% of the total requested. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Although that cap is a standing rule of the fund, it was the latest in a series of crisis moments for the private credit industry. Last month one of Blue Owl Capital's funds unexpectedly made a similar move following a fraud investigation into auto parts specialist First Brands Group. That company was supported by private credit. All of this has caused a stir in that world, with investors in such funds rushing to redeem their units and shares. Reuters quoted Morgan Stanley as saying that North Haven had investments in 312 borrowers in 44 industries as of the end of January. It claimed, in the news agency's words, that "credit fundamentals at the fund remain broadly stable." No need to press the red button... yet Morgan Stanley is a large, complex, and ...
In this article Follow your favorite stocks CREATE FREE ACCOUNT Commercial vessels are pictured offshore in Dubai on March 11, 2026. - | Afp | Getty Images Asia-Pacific markets opened lower Friday as oil prices soared on renewed fears that a prolonged conflict in the Middle East could further crimp energy supplies, stoking fears of a global economic downturn. Iran's new Supreme Leader Mojtaba Kham...
In this article Follow your favorite stocks CREATE FREE ACCOUNT Commercial vessels are pictured offshore in Dubai on March 11, 2026. - | Afp | Getty Images Asia-Pacific markets opened lower Friday as oil prices soared on renewed fears that a prolonged conflict in the Middle East could further crimp energy supplies, stoking fears of a global economic downturn. Iran's new Supreme Leader Mojtaba Khamenei said in a late Thursday speech that the Strait of Hormuz, a vital artery for global oil trade, should remain shut and that Tehran could open other fronts in the war if the conflict persists. Commander of the Iranian Revolutionary Guard Corps Navy, Alireza Tangsiri, also doubled down on the threat in a social media post , warning of "the harshest blows to the aggressor enemy." Bettors on prediction market Kalshi raised their wagers that the U.S. economy may enter a recession this year, with the likelihood climbing to 32% — highest level this year. International benchmark Brent crude jumped 9.22% to close at $100.46 per barre on Thursday. It was the first time Brent closed above $100 since August 2022. U.S. West Texas Intermediate futures rose 9.72% to settle at $95.73. U.S. President Donald Trump sought to downplay the rise in oil prices, saying that the U.S., as the world's largest oil producer , stands to benefit from higher oil prices , while stressing that his priority would be blocking Iran from obtaining nuclear weapons. Australia's S&P/ASX 200 tumbled 0.3% in early Asia trade. Japan's Nikkei 225 dropped 2% while the broad-based Topix fell 1.4%. South Korea's blue chip Kospi slumped almost 3% and the small-cap Kosdaq shed nearly 2%. Hong Kong's Hang Seng index was set to open lower, with futures last trading at 25,467, compared with the index's previous close of 25,716.76. Stock Chart Icon Stock chart icon Overnight in the U.S., major stock indexes notched closing lows for 2026, with Dow Jones Industrial Average falling nearly 740 points to settle below 47,000 for...