Chinese companies in several sectors – including energy, petrochemicals and agriculture – stand to benefit from surging oil prices and the yuan’s easing deflation, which analysts said could help investors find gains amid the negative effects of the Middle East war. Petrochemical companies on mainland China’s exchanges, including Satellite Chemical and Guangdong Redwall New Materials, raised produc...
Chinese companies in several sectors – including energy, petrochemicals and agriculture – stand to benefit from surging oil prices and the yuan’s easing deflation, which analysts said could help investors find gains amid the negative effects of the Middle East war. Petrochemical companies on mainland China’s exchanges, including Satellite Chemical and Guangdong Redwall New Materials, raised product prices to reflect the surge in oil costs, a move that sent their stock prices soaring. Fertiliser makers, agricultural firms and green-energy companies would also be good bets due to either their ability to pass on rising costs or increasing demand for alternatives, according to brokerages including Industrial Securities and Sealand Securities. The US-Israel military raids on Iran and the closure of the Strait of Hormuz catapulted crude oil to around US$100 a barrel, spurring global stagflation concerns that reverberated across all asset classes. Stocks and bonds fell, while the US dollar rose on haven demand. With the risk-off mood prevailing, investors are scouring for the few sectors that can insulate them from the fallout. Advertisement “If the blockade of the Strait of Hormuz persists, it will spawn a repricing of costs across industry supply chains and an acceleration of energy replacement,” said Zhang Xia, an analyst at China Merchants Securities. “Stocks like oil, petrochemicals and coal are set to benefit.” Companies that are able to raise prices are defying sell-offs on the broader market. Among them, Satellite Chemical, a Shenzhen-listed maker of propylene and acrylic acid, surged about 5 per cent this week, extending a 15 per cent upsurge for the preceding five-day period. Shares of Guangdong Redwall jumped nearly 3 per cent for the week after it raised prices of concrete admixtures by between 50 and 80 per cent. Advertisement Price increases were broad-based in the petrochemical industry, rising for 195 of the 336 chemical products tracked by GF Securities in...
In the last quarter, the company reported 153.70 THB per share, beating the 127.37 THB estimate by 20.67%. Revenue for the same period reached 438.68 B THB, despite the estimate of 415.01 B THB. For the next quarter, analysts expect 274.25 THB in earnings per share and 597.98 B THB in revenue.
In the last quarter, the company reported 153.70 THB per share, beating the 127.37 THB estimate by 20.67%. Revenue for the same period reached 438.68 B THB, despite the estimate of 415.01 B THB. For the next quarter, analysts expect 274.25 THB in earnings per share and 597.98 B THB in revenue.
Meta is planning sweeping lay-offs that could affect 20 per cent or more of the company, three sources familiar with the matter said, as it seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers. No date has been set for the cuts and the magnitude has not been finalised, the people said. Top executives have recentl...
Meta is planning sweeping lay-offs that could affect 20 per cent or more of the company, three sources familiar with the matter said, as it seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers. No date has been set for the cuts and the magnitude has not been finalised, the people said. Top executives have recently signalled the plans to other senior leaders at Meta and told them to begin planning how to pare back, according to two of the people. The sources spoke anonymously because they were not authorised to disclose the cuts. Advertisement Meta did not immediately comment. Facebook Chief Technology Officer Andrew Bosworth speaks during Meta Connect event at the headquarters in Menlo Park, California, on September 27, 2023. Photo: AFP If Meta settles on the 20 per cent figure, the lay-offs will be the company’s most significant since a restructuring in late 2022 and early 2023 that it dubbed the “year of efficiency”. Advertisement It employed nearly 79,000 people as of December 31, according to its latest filing. The company laid off 11,000 staffers in November 2022, or around 13 per cent of its workforce at the time. Around four months later, it announced it was cutting another 10,000 jobs.
Donald Trump said Friday that US forces have “obliterated” military targets on Iran’s Kharg Island and warned that the oil infrastructure there could be next. “For reasons of decency, I have chosen NOT to wipe out the Oil Infrastructure on the Island,” Trump wrote on social media. “However, should Iran, or anyone else, do anything to interfere with the Free and Safe Passage of Ships through the St...
Donald Trump said Friday that US forces have “obliterated” military targets on Iran’s Kharg Island and warned that the oil infrastructure there could be next. “For reasons of decency, I have chosen NOT to wipe out the Oil Infrastructure on the Island,” Trump wrote on social media. “However, should Iran, or anyone else, do anything to interfere with the Free and Safe Passage of Ships through the Strait of Hormuz, I will immediately reconsider this decision.” Within hours of Trump’s announcement, the Iranian armed forces said any attack on Iran’s oil and energy infrastructure will lead to attacks on energy infrastructure owned by oil companies cooperating with the United States in the region, Iranian media reported. The small island in the Persian Gulf is the primary terminal through which Iran’s oil exports pass. Until Friday, the island had been spared during US and Israeli strikes on Iran. Just a day before, the speaker of the Iranian parliament said such a strike would provoke a new level of retaliation. Mohammad-Bagher Ghalibaf warned in a Thursday social media post that attacks on the islands on Iran’s southern maritime frontier would cause Iran to “abandon all restraint”, underscoring how central they are to the country’s economy and security. Trump announced the action as he prepared to fly to Florida for the weekend. The president answered questions from reporters traveling with him before he boarded Air Force One, but he did not mention the latest US military operation against Iran. Axios reported last week that administration officials were weighing seizing the 5-mile coral island. Experts told the Guardian earlier this week that military actions against Kharg Island are likely to increase oil prices, already surging since the war began on 28 February. “We may see the $120 a barrel price we saw on Monday heading to the $150 if Kharg were attacked,” said Neil Quilliam of the Chatham House thinktank. “It’s too vital for global energy markets.” Earlier Friday,...
Democrat Lawmakers in Minnesota Pass Draconian Gun Laws After Silencing Largest Gun Rights Group The Minnesota Senate rammed through sweeping gun control measures on Friday, after deliberately sidelining the state’s largest pro-Second Amendment organization with just 6 minutes of testimony, while gun control supporters got 32 minutes of speaking time on the flagship gun ban bill. Illustration: Sar...
Democrat Lawmakers in Minnesota Pass Draconian Gun Laws After Silencing Largest Gun Rights Group The Minnesota Senate rammed through sweeping gun control measures on Friday, after deliberately sidelining the state’s largest pro-Second Amendment organization with just 6 minutes of testimony, while gun control supporters got 32 minutes of speaking time on the flagship gun ban bill. Illustration: Sarah Grillo/Axios The Democrat-controlled Senate Judiciary and Public Safety Committee, chaired by Sen. Ron Latz (DFL), advanced S.F. 3655 - a near-total ban on semiautomatic rifles and magazines holding more than 10 rounds - on a strict 6-3 party-line vote. Latz admitted they “prioritized individual testifiers over organizations” - yet anti-gun groups still got slots while the state’s biggest 2A voice was frozen out . Before allowing input from the public, the Minnesota Gun Owners Caucus - representing tens of thousands of law-abiding citizens - warned the public yesterday that committee staff had already told them the hearing schedule was “full” - effectively blocking them from offering in-person testimony on the core bills: the semi-auto ban, the magazine ban, repeal of state preemption (opening the door to a patchwork of local gun laws), and new carry restrictions at the State Capitol and schools. The largest & most effective gun rights group in Minnesota was just told we can’t testify against most of the gun control bills tomorrow. Why? Because the schedule is “full.” Apparently, there’s plenty of room for gun control activists and other testifiers, but not the people… pic.twitter.com/NJqhnB3BXb — MN Gun Owners Caucus (@mnguncaucus) March 12, 2026 Caucus Director of Government Relations & Advocacy Anna Leamy did manage to testify on a secondary privacy bill ( S.F. 3836 , which would expose permit-to-carry holder data to harassment and passed on a voice vote). She stood firm when Latz tried to grill her on the partisan ties of the “Violence Prevention Project” pushing for...
The final stretch of the journey will see the pilgrims joined by David Monteith, Dean of Canterbury, and members of the Cathedral chapter to walk from the village of Chartham to Canterbury, arriving in time for evensong on Sunday, 22 March.
The final stretch of the journey will see the pilgrims joined by David Monteith, Dean of Canterbury, and members of the Cathedral chapter to walk from the village of Chartham to Canterbury, arriving in time for evensong on Sunday, 22 March.
What happened According to a recent SEC filing dated February 17, 2026, Rivernorth Capital Management sold 2,033,953 shares of Nuveen AMT-Free Municipal Credit Income Fund (NVG 0.01%). The fund’s quarter-end NVG position decreased by $24.89 million, a figure that incorporates both sales activity and share price changes. What else to know Following the sale, NVG comprises 0.17% of Rivernorth’s 13F ...
What happened According to a recent SEC filing dated February 17, 2026, Rivernorth Capital Management sold 2,033,953 shares of Nuveen AMT-Free Municipal Credit Income Fund (NVG 0.01%). The fund’s quarter-end NVG position decreased by $24.89 million, a figure that incorporates both sales activity and share price changes. What else to know Following the sale, NVG comprises 0.17% of Rivernorth’s 13F reportable assets; Top holdings after the filing: NYSE:VKQ: $55.67 million (2.6% of AUM) NYSE:PDI: $49.97 million (2.4% of AUM) NYSE:MHD: $48.98 million (2.3% of AUM) NYSE:MYD: $48.31 million (2.3% of AUM) NYSE:BLE: $41.19 million (2.0% of AUM) As of February 17, 2026, shares were priced at $13.35, up 13.8% over the past year, outperforming the S&P 500 by 2.4 percentage points. The position was previously 1.6% of the fund’s AUM in the prior quarter. Company Overview Metric Value Revenue (TTM) $225.02 million Net Income (TTM) $57.03 million Dividend Yield 7.46% Price (as of market close 2/17/26) $13.35 Company Snapshot Nuveen AMT-Free Municipal Credit Income Fund specializes in providing tax-advantaged income by investing in high-quality municipal bonds. The fund applies a disciplined, fundamental analysis approach to select securities rated Baa/BBB or better, aiming to deliver consistent returns while managing credit risk. Its strategy is designed to appeal to investors seeking stable, federally tax-exempt income with a focus on long-term municipal credit opportunities. The fund Invests primarily in undervalued municipal securities and related fixed income products exempt from regular federal income taxes. It operates as a closed-end fund, generating income through interest payments on municipal bonds and related securities. Nuveen AMT-Free Municipal Credit Income Fund targets income-focused investors seeking federally tax-exempt income, with a focus on U.S. municipal bond markets. What this transaction means for investors Municipal closed-end funds are often used by invest...
The prime minister has the ultimate say over who gets a seat in the Lords. But before it gets to that stage, there will be a process to decide which hereditary members are put forward for nominations to remain in the house as life peers.
The prime minister has the ultimate say over who gets a seat in the Lords. But before it gets to that stage, there will be a process to decide which hereditary members are put forward for nominations to remain in the house as life peers.