Veteran investor Arif Joshi flew to Caracas this week to get a read on where Venezuela is heading after the end of a 13-year presidency that left it in default on its debt and isolated from the global economy. After joining a few dozen other hedge-fund analysts and investors in a round of meetings with Acting President Delcy Rodriguez and other officials, he headed back to New York with a strong c...
Veteran investor Arif Joshi flew to Caracas this week to get a read on where Venezuela is heading after the end of a 13-year presidency that left it in default on its debt and isolated from the global economy. After joining a few dozen other hedge-fund analysts and investors in a round of meetings with Acting President Delcy Rodriguez and other officials, he headed back to New York with a strong conviction: Venezuela’s bonds are a strong buy. “Venezuela is the biggest opportunity in emerging markets,” said Joshi, a portfolio manager at Bramshill Investments , which oversees more than $8 billion of investments. “There’s still a number of positive catalysts ahead of us.” The US arrest of then-President Nicolas Maduro in early January fueled a sharp rally in the bonds of Venezuela and its state energy company, Petroleos de Venezuela SA , as investors bet it would pave the way for a plan to restructure roughly $100 billion of bonds. That resulted in triple-digit returns on Venezuela’s sovereign debt over the past year and left some of it trading for more than 50 cents a dollar. There remain plenty of risks. It’s unclear exactly how Rodriguez, the former vice president, will stimulate an economy that’s suffered from a decade-long collapse and what her approach to the government’s debt pile will be. Venezuela is still subject to US sanctions that need to be lifted before any debt workout can take hold. But US President Donald Trump has praised Rodriguez as an ally, and his administration started easing some restrictions on the energy industry as he encourages oil companies to invest there. Read More: Hedge Funds, Oil Companies Meet in Venezuela to Chart a New Era Joshi said he was surprised by the pace of some government reforms since Rodriguez took over, including a push to overhaul Venezuela’s three-decade-old mining investment framework . The visit left him optimistic about how much bondholders stand to recover. “The intention is there by the US to continue to remove s...
Images By Tang Ming Tung U.S. inflation is set to surge to 4.2% this year, the highest among G7 economies, as rising energy prices linked to Middle East tensions feed through to consumers, the Organisation for Economic Co-operation and Development said. The OECD warned that escalating geopolitical risks and higher oil and gas prices are driving a renewed wave of inflation globally, even as economi...
Images By Tang Ming Tung U.S. inflation is set to surge to 4.2% this year, the highest among G7 economies, as rising energy prices linked to Middle East tensions feed through to consumers, the Organisation for Economic Co-operation and Development said. The OECD warned that escalating geopolitical risks and higher oil and gas prices are driving a renewed wave of inflation globally, even as economic growth loses momentum. G20 inflation is now projected at 4.0% in 2026, reflecting broad-based price pressures across advanced and emerging economies. The Paris-based organization said the energy shock is raising production costs, squeezing household incomes, and dampening demand. Countries including India, China, and South Korea are also expected to see faster inflation as energy imports become pricier. Global growth is forecast to slow to 2.9% in 2026 from 3.3% last year, with the earlier boost from strong investment and buoyant financial markets now largely erased. The OECD said disruptions to energy flows and commodities, from oil and gas to fertilizers and industrial inputs, pose significant downside risks to the outlook. In the U.S., economic expansion is expected to moderate to around 2.0%, as higher prices weigh on consumer spending. Growth in the euro area is considered remaining subdued at below 1%. The OECD cautioned that a prolonged period of elevated energy prices could further weaken activity and push inflation higher, particularly if supply disruptions intensify, and urged governments to focus support on the most vulnerable households and firms. More on markets What Happens After The S&P 500 Breaks Its 200-Day Moving Average Dow Jones And U.S. Stock Market Outlook: Fragile Optimism Stands In Equities; What's Next? Why I Remain Constructive On U.S. Markets Stock market falls as Iran lays out terms to end war AM Markets Need to Know: Strait of Hormuz fees, gold falls after rebound, and more
Founded in 1987, NeurIPS is among the largest and most influential gatherings in artificial intelligence. Photo：IC photo The world’s top artificial-intelligence conference will bar research papers from organizations on a U.S. sanctions list, a new rule that affects a range of Chinese technology groups and has prompted a backlash in China’s academic community. The Conference on Neural Information P...
Founded in 1987, NeurIPS is among the largest and most influential gatherings in artificial intelligence. Photo：IC photo The world’s top artificial-intelligence conference will bar research papers from organizations on a U.S. sanctions list, a new rule that affects a range of Chinese technology groups and has prompted a backlash in China’s academic community. The Conference on Neural Information Processing Systems, known as NeurIPS, for the first time has explicitly tied paper submissions to U.S. sanctions compliance. In a handbook for its 2026 conference released March 23, the NeurIPS Foundation said it can’t provide “services” — including peer review and publication — to individuals representing sanctioned entities.
In this article NXT-GB Follow your favorite stocks CREATE FREE ACCOUNT Shipping containers are stacked at the port of Los Angeles in Long Beach, California, U.S., March 10, 2026. Caroline Brehman | Reuters Retail firms are warning that the conflict in the Middle East is driving up costs and could lead to price hikes if the war continues beyond the short term. Instability in the Middle East region ...
In this article NXT-GB Follow your favorite stocks CREATE FREE ACCOUNT Shipping containers are stacked at the port of Los Angeles in Long Beach, California, U.S., March 10, 2026. Caroline Brehman | Reuters Retail firms are warning that the conflict in the Middle East is driving up costs and could lead to price hikes if the war continues beyond the short term. Instability in the Middle East region will not only restrain growth in the region but is also likely to have a knock-on effect on costs, selling prices, and consumer demand in the rest of the business, warned British retailer Next on Thursday. The company has accounted for £15 million ($20 million) of additional costs likely to arise from the conflict, such as fuel and air freight, assuming the disruption lasts for three months. Increased costs will not affect guidance as they have been offset by savings elsewhere, it added. "Beyond the next three months, if we see these costs persist, then we will begin to pass costs through as higher pricing," the company said early on Thursday as it reported results for the fiscal year ending January. The Middle East represents about 6% of Next's total turnover. An extended war in the Gulf region could mean a double whammy for retailers as it may increase inflationary pressures and disrupt supply chains, leading to an overall higher cost base. It could also hurt demand as consumers are increasingly squeezed by the increased cost of living, resulting in less spending on discretionary items. The Iran war and effective closure of the Strait of Hormuz have sent oil and gas prices soaring since the first strikes on Feb. 28, and has upended inflation forecasts in Europe and beyond. Companies' price-hike expectations and wages for new hires were some of the key inflation indicators that the European Central Bank will monitor, its Chief Economist Philip Lane said on Wednesday. Cost pressure H&M said Thursday that "current geopolitical instability in the Middle East could, if extende...
Kevin Dietsch Warner Bros. Discovery ( WBD ) will hold a special meeting of stockholders to vote on its $110B transaction with Paramount Skydance ( PSKY ) on April 23, the company said Thursday. The company continues to expect the transaction to close in the third quarter this year. In the event the transaction has not closed by September 30, WBD shareholders will receive a $0.25 per share “tickin...
Kevin Dietsch Warner Bros. Discovery ( WBD ) will hold a special meeting of stockholders to vote on its $110B transaction with Paramount Skydance ( PSKY ) on April 23, the company said Thursday. The company continues to expect the transaction to close in the third quarter this year. In the event the transaction has not closed by September 30, WBD shareholders will receive a $0.25 per share “ticking fee” for each quarter (measured daily) until closing, the company said. Source: Press Release More on Warner Bros. Discovery, Paramount Skydance Corporation Paramount Skydance: A Debt-Heavy, Risky, Long-Term Stock Debt Will Eat Paramount's Future Returns Warner Bros. Discovery And Paramount Skydance: A Lower-Risk Arb Play And A Leveraged Bet CBS News to cut 6% of workforce; shutters New Radio division -- report Oscars ratings fall to 17.86M, snapping post-pandemic growth streak
KGHM Polska Miedz S.A. ( KGHPF ): FY GAAP EPS of $9.73. Revenue from contracts with customers came in at $30.96B (+3.6% Y/Y). Gross profit: 4.78 B PLN in 2025, up from 4.39 B PLN in 2024 Net profit of PLN 3.7B, or 28% higher compared to 2024. EBITDA amounted to PLN 10.3B (+22% yoy), of which 48% was earned by the international assets. Capital expenditures by the KGHM Group amounted to PLN 3.9B and...
KGHM Polska Miedz S.A. ( KGHPF ): FY GAAP EPS of $9.73. Revenue from contracts with customers came in at $30.96B (+3.6% Y/Y). Gross profit: 4.78 B PLN in 2025, up from 4.39 B PLN in 2024 Net profit of PLN 3.7B, or 28% higher compared to 2024. EBITDA amounted to PLN 10.3B (+22% yoy), of which 48% was earned by the international assets. Capital expenditures by the KGHM Group amounted to PLN 3.9B and were 0.2% lower compared to 2024. More on KGHM Polska Miedz S.A. KGHM Polska Miedz S.A. (KGHPF) Shareholder/Analyst Call Prepared Remarks Transcript Historical earnings data for KGHM Polska Miedz S.A. Financial information for KGHM Polska Miedz S.A.