The average one-year price target for Discovery (JSE:DSY) has been revised to R288,02 / share. This is an increase of 12.32% from the prior estimate of R256,42 dated February 21, 2026. The price target is an average of many targets provided by analysts. The la
The average one-year price target for Discovery (JSE:DSY) has been revised to R288,02 / share. This is an increase of 12.32% from the prior estimate of R256,42 dated February 21, 2026. The price target is an average of many targets provided by analysts. The la
Ping An of China Asset Management (Hong Kong) plans to ramp up purchases of short-term debt issued by Chinese banks to shield its investments from market volatility sparked by the Iran war. The firm favors negotiable certificates of deposit with maturities within three months to limit “duration,” a bond’s sensitivity to changes in interest rates. “I prefer instruments with no duration exposure and...
Ping An of China Asset Management (Hong Kong) plans to ramp up purchases of short-term debt issued by Chinese banks to shield its investments from market volatility sparked by the Iran war. The firm favors negotiable certificates of deposit with maturities within three months to limit “duration,” a bond’s sensitivity to changes in interest rates. “I prefer instruments with no duration exposure and minimal sensitivity to interest-rate volatility,” Gordon Tsui , head of fixed income, said in an interview. The strategy underscores the resilience of China’s bonds against a global surge in yields, as crude stockpiling onshore is expected to blunt the impact of rising energy costs on the nation. Shorter-term bonds in China are gaining on expectations for continued monetary support , even as rising inflation threats turn other central banks cautious . The rate on China’s three-month negotiable certificates of deposit dropped to its lowest since 2022 this week, according to data compiled by Bloomberg. The one-year rate fell to a record low last week while the six-month rate dropped to the lowest since 2020. Further supporting the demand for NCDs is China’s recent move to tighten rules on interbank deposits. Robust liquidity conditions have added to the appeal as the seven-day repo rate hovers near the lowest level this year. China’s Yield Curve Hits Steepest in Four Years on Oil Jitters The yuan’s strength may further boost returns for overseas funds on Chinese debt, Tsui said. “A key factor is that the return can help funds outperform” as the yuan’s appreciation this year is likely to offset the wide yield gap between US and China. Beyond China, the asset manager is also looking at short-term debt in countries like the UK that are not involved in the Iran war to capture potential capital inflows, Tsui said. “If you buy the long end, there are inflation risks, so you should buy the short end,” he said.
(RTTNews) - Hims & Hers Health Inc. (HIMS) announced that a wide range of Novo Nordisk's FDA-approved GLP-1 medications are now available to eligible customers. This includes the Wegovy pill, the only FDA-approved GLP-1 weight loss pill. Through its collaboration with Novo Nordis
(RTTNews) - Hims & Hers Health Inc. (HIMS) announced that a wide range of Novo Nordisk's FDA-approved GLP-1 medications are now available to eligible customers. This includes the Wegovy pill, the only FDA-approved GLP-1 weight loss pill. Through its collaboration with Novo Nordis
The average one-year price target for EMCOR Group (NYSE:EME) has been revised to $853.00 / share. This is an increase of 16.61% from the prior estimate of $731.49 dated February 21, 2026. The price target is an average of many targets provided by analysts. The
The average one-year price target for EMCOR Group (NYSE:EME) has been revised to $853.00 / share. This is an increase of 16.61% from the prior estimate of $731.49 dated February 21, 2026. The price target is an average of many targets provided by analysts. The
An oil tanker unloads crude oil at a terminal at the port in Qingdao, in China's eastern Shandong province on March 11, 2026. - | Afp | Getty Images Chinese industrial firms saw their profits surge in the first two months of this year as officials pressed ahead with efforts to contain the fallout from industrial overcapacity and lackluster consumer demand. Industrial profits jumped 15.2% from a ye...
An oil tanker unloads crude oil at a terminal at the port in Qingdao, in China's eastern Shandong province on March 11, 2026. - | Afp | Getty Images Chinese industrial firms saw their profits surge in the first two months of this year as officials pressed ahead with efforts to contain the fallout from industrial overcapacity and lackluster consumer demand. Industrial profits jumped 15.2% from a year earlier in the January-February period, the National Bureau of Statistics data showed Friday, extending a sharp rebound from a 5.3% jump in December. For the entire year of 2025, China's industrial profits rose 0.6% from a year ago , snapping three consecutive years of declines as officials reined in aggressive price competition and companies doubled down on exports to tap overseas demand. Beijing has sought to contain the fallout from the disruption to oil shipments from the Middle East, triggered by the U.S.-Israeli attacks on Iran. Tehran has since closed the Strait of Hormuz, a critical waterway for energy flows, to most commercial vessels, upending the global energy markets. As the impacts of the rise in global oil prices began seeping into the economy, China raised the ceiling prices for retail gasoline and diesel earlier this week but moderated the hike to about half of what would normally be applied, in a bid to cushion the shock to consumers. But surging energy prices are expected to impact the world's second-largest economy less than most other countries, due to its massive oil reserves and alternative energy sources. Iran has also continued to send millions of barrels of crude oil to China since the war began. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
China’s industrial enterprises saw their profits rise sharply in the first two months of 2026, before the war in Middle East rocked the global oil market and sent raw material costs soaring. Profits jumped 15.2% from a year ago, according to data released on Friday by the National Bureau of Statistics. Bloomberg Economics had expected a gain of 10.6% in January-February. Industrial companies’ earn...
China’s industrial enterprises saw their profits rise sharply in the first two months of 2026, before the war in Middle East rocked the global oil market and sent raw material costs soaring. Profits jumped 15.2% from a year ago, according to data released on Friday by the National Bureau of Statistics. Bloomberg Economics had expected a gain of 10.6% in January-February. Industrial companies’ earnings stabilized in 2025, eking out a modest increase of 0.6% after contracting for three straight years. A collapsing property market has kept domestic demand under pressure at a time when companies are also mired in price wars. But a global rally in metals and a government campaign to curb excessive competition have contributed to an easing of deflationary pressure. That picture is shifting, however, after crude oil prices jumped about 50% since the US-Israel strikes on Iran began at the end of February. As a result, the cost of raw materials needed for chemicals, fibers and plastics are spiking, squeezing the profits of factories but likely benefiting upstream firms producing energy. Producer-price growth will likely turn positive in March thanks to higher oil prices, following more than three years of contraction. That will end China’s record streak of economy-wide deflation. Still, profitability remains under pressure. The average profit margin of industrial companies in China fell for four consecutive years to 5.3% at the end of 2025, the lowest level in data dating back to 2014. China’s Official Calm Belies a War Battering Small Factories China Edges Toward Reflation, Boosting Stocks and Profit Outlook China’s Record Deflation Finds Dangerous Cure in Oil Shock Wall Street Pushes Back China Rate-Cut Calls After Oil Shock (1)