Xi Jinping has welcomed Vladimir Putin in Beijing, shaking hands with the Russian leader outside the Great Hall of the People, days after the Chinese leader hosted Donald Trump in the same location. Putin and Xi walked down a red carpet rolled out to greet the Russian president, and stood as a military band played their two national anthems. The summit will centre on discussions over bilateral and...
Xi Jinping has welcomed Vladimir Putin in Beijing, shaking hands with the Russian leader outside the Great Hall of the People, days after the Chinese leader hosted Donald Trump in the same location. Putin and Xi walked down a red carpet rolled out to greet the Russian president, and stood as a military band played their two national anthems. The summit will centre on discussions over bilateral and international issues, capped by an intimate tete-a-tete between “old friends” over tea. Coming on the heels of the US president’s visit to the Chinese capital, the optics and outcomes of the meeting between will be closely scrutinised and compared. Xi is known for hosting visiting leaders over tea, but the setting and manner of such encounters can be viewed as a signal of the Chinese leader’s regard for his guest. When Xi hosted Putin for talks in May 2024, the pair ditched their ties as they spoke over tea outdoors in Zhongnanhai, a former imperial garden that now houses the offices of the ruling Communist party and the government. In contrast, Trump’s stroll through the garden and tea with Xi in the same compound, as well as a tour of the Temple of Heaven last week, appeared more choreographed. The rare back-to-back visits to Beijing by the leaders of two major countries deeply at odds with each other politically, militarily and economically have been hailed by Chinese state media as recognition of China’s global standing in an increasingly fragmented world order. Putin was greeted by China’s foreign minister Wang Yi when he landed on Tuesday evening, with an honour guard alongside Chinese youths waving China and Russia’s national flags in a welcome ceremony on the tarmac. About 40 documents are expected to be signed and a 47-page joint statement on their strengthening partnership will be issued, according to the Kremlin. The so-called “no limits” partnership between China and Russia has strengthened since the West imposed sanctions to punish Russia for the war in Ukrain...
Copper edged lower and iron ore declined for a fifth day as concerns mount that global central banks will take a hawkish turn to fight inflation stemming from the war in the Middle East. The red metal fell as much as 0.5% to touch $13,350 a ton in London, its lowest since May 8, while iron ore futures shed as much as 0.9% to hit $106.80 a ton in Singapore. Turmoil in global bond markets has dragge...
Copper edged lower and iron ore declined for a fifth day as concerns mount that global central banks will take a hawkish turn to fight inflation stemming from the war in the Middle East. The red metal fell as much as 0.5% to touch $13,350 a ton in London, its lowest since May 8, while iron ore futures shed as much as 0.9% to hit $106.80 a ton in Singapore. Turmoil in global bond markets has dragged metals lower as the stalemate between the US and Iran threatens to intensify the energy shock sweeping the world. Treasuries climbed to their highest since 2007 as speculation grows for a rate hike from the Federal Reserve. “Expectations for rate cuts in major economies have faded after the inflation surge,” said Wei Ying, analyst with China Industrial Futures Ltd. Metals had rallied earlier in May, with copper hitting a record close and iron ore notching its highest since 2024. But that’s given way to caution as the Iran crisis persists. US President Donald Trump on Tuesday threatened the Islamic Republic with a “ big hit ” if it doesn’t agree a peace deal, although he has previously backed off after similar warnings. Mixed data on China’s economy has also muddied the outlook. Figures released earlier this week showed a marked slowdown in local consumption, with exports no longer enough to ease domestic headwinds. Fixed-asset investment made a surprise return to contraction. “Global growth is largely driven by capital expenditure on artificial intelligence and other technologies, while traditional industries stay weak,” China Industrial’s Wei said. Copper was down 0.2% at $13,390 by 11:34 a.m. Shanghai time, while other base metals fell on the London Metal Exchange. Iron ore on the Singapore Exchange fell 0.7% to trade at $107 a ton.
Broadcom is riding the AI and custom-chip boom while integrating its costly VMware acquisition. Recent earnings and guidance show how strongly data center demand is driving results – but also how much is now at stake if momentum slows. Broadcom is one of the most closely watched semiconductor and infrastructure software companies on Wall Street. After completing the takeover of VMware in late 2023...
Broadcom is riding the AI and custom-chip boom while integrating its costly VMware acquisition. Recent earnings and guidance show how strongly data center demand is driving results – but also how much is now at stake if momentum slows. Broadcom is one of the most closely watched semiconductor and infrastructure software companies on Wall Street. After completing the takeover of VMware in late 2023, the group now combines a powerful chip portfolio with a broad software platform for data centers and cloud customers, a mix that has become especially interesting in the current AI investment cycle. On March 7, 2024, Broadcom reported results for its fiscal first quarter 2024 and raised its full-year revenue outlook, citing stronger demand for custom AI accelerators from large cloud providers, according to Broadcom earnings release as of 03/07/2024. At the same time, the company started reporting VMware within its infrastructure software segment, giving investors a first integrated look at the combined business model. In that release, Broadcom guided for around 50 billion USD in fiscal 2024 revenue, of which approximately 10 billion USD were expected from AI-related semiconductor solutions, according to Reuters as of 03/07/2024. This AI contribution, largely tied to networking chips and custom accelerators for hyperscale cloud operators, underpins much of the current growth narrative and is an important element for investors trying to assess the durability of demand in coming years. As of: 05/20/2026 By the editorial team – specialized in equity coverage. At a glance Name: Broadcom Inc. Broadcom Inc. Sector/industry: Semiconductors and infrastructure software Semiconductors and infrastructure software Headquarters/country: San Jose, United States San Jose, United States Core markets: Data centers, cloud providers, telecoms, enterprise IT Data centers, cloud providers, telecoms, enterprise IT Key revenue drivers: Networking and custom chips, mainframe and infrastructure so...
"It's only four months ago that we felt very threatened by the US, so the timing is not appropriate," says Greenlandic businesswoman and former politician, Maliina Abelsen, who thinks Landry should have waited and who declined an invitation for a meeting.
"It's only four months ago that we felt very threatened by the US, so the timing is not appropriate," says Greenlandic businesswoman and former politician, Maliina Abelsen, who thinks Landry should have waited and who declined an invitation for a meeting.
China’s bonds are diverging further from peers as a fragile economic recovery and ample market liquidity keep local yields anchored despite a global debt selloff. The yield on the nation’s 10-year government notes declined over three basis point this week to 1.73% as of Tuesday, the lowest since mid-August last year. That’s in stark contrast to the US and Japan , where similar-maturity yields have...
China’s bonds are diverging further from peers as a fragile economic recovery and ample market liquidity keep local yields anchored despite a global debt selloff. The yield on the nation’s 10-year government notes declined over three basis point this week to 1.73% as of Tuesday, the lowest since mid-August last year. That’s in stark contrast to the US and Japan , where similar-maturity yields have surged in recent sessions on mounting concern that accelerating inflation will force their central banks to raise interest rates. China’s economy witnessed a broad slowdown in consumption, investment and industrial production in April, official data showed on Monday, reinforcing calls for supportive policy. Demand for local bonds has also been supported by China’s relative insulation from the oil-price spike, thanks to years of investment in renewables and efforts to secure stable energy supplies. Chinese bonds are proving resilient amid the global selloff owing to the central bank’s commitment to ensuring adequate liquidity, a domestic growth recovery that has yet to be consolidated, as well as relatively contained inflation, said Wee Khoon Chong , senior Asia-Pacific market strategist at BNY. In its latest quarterly monetary policy report, the People’s Bank of China reiterated a pledge to adopt “moderately loose” policy and keep liquidity ample to support growth. The gap between the US and China’s 10-year sovereign yield has widened to almost 300 basis points, the highest since early 2025. Meanwhile, the discount China’s 10-year yield has to Japan’s has also widened to 102 basis points, about five times the level seen at the end of 2025.
A fix to stop millions of litres of sewage continuing to pour into the waters off the coast of New Zealand’s capital, Wellington will be in place by November, officials have said, with full repairs at the cost of NZ$53.5m by late next year. More than 100 days since the catastrophic failure of the city’s wastewater treatment plant on 4 February, a mix of raw and partially screened human effluent is...
A fix to stop millions of litres of sewage continuing to pour into the waters off the coast of New Zealand’s capital, Wellington will be in place by November, officials have said, with full repairs at the cost of NZ$53.5m by late next year. More than 100 days since the catastrophic failure of the city’s wastewater treatment plant on 4 February, a mix of raw and partially screened human effluent is still being flushed directly into the Pacific Ocean. In an announcement on Wednesday, Wellington’s mayor, Andrew Little, said the Moa Point wastewater plant would be operational again in six months. Work had begun to assess the damage and clean the plant, with all major repair works to be completed by November. By then, effluent would be removed and the waste products would be mostly treated, with water quality improving to the highest level within weeks. “People are looking for certainty about when the plant will be up and running, and I’m confident this can be relied upon in terms of a timeline,” Little said, saying it would provide reassurance to hard-hit businesses on Wellington’s South Coast which had faced “massive disruption”. Full restoration of capacity and a fix for the design flaw that caused the failure would be completed by late 2027, officials said. Wellington residents had mixed feelings about the latest update, saying human and marine health and livelihoods remained at risk. “It would be better if it hadn’t happened, and we should still be significantly worried about the penguins, the dolphins, the fish who are going to be eating raw sewage,” said Nicole Miller, chair of the trust that supports the Taputeranga marine reserve, a network of pristine reefs and underwater ecosystems in the disaster zone. Destination Kilbirnie general manager Steve Walters said they were disappointed with a longer-than-anticipated timeline. The two dozen businesses most affected – which include diving and water recreation companies – were projected to lose a combined NZ$3-4m in ...