Redwood Trust ( RWT ) has announced a public offering of $125M in senior notes bearing a 9.75% interest rate, set to mature on June 1, 2031. The offering is expected to close on May 27, 2026, pending customary conditions, and includes a 30-day underwriter option to purchase up to an additional $18.75M in notes to cover over-allotments. Redwood plans to list the notes on the New York Stock Exchange...
Redwood Trust ( RWT ) has announced a public offering of $125M in senior notes bearing a 9.75% interest rate, set to mature on June 1, 2031. The offering is expected to close on May 27, 2026, pending customary conditions, and includes a 30-day underwriter option to purchase up to an additional $18.75M in notes to cover over-allotments. Redwood plans to list the notes on the New York Stock Exchange under the ticker symbol "RWTR," with trading anticipated to begin within 30 days of the issuance date. Redwood plans to use the money from the offering for general corporate needs, including funding its business operations and investments, such as its Sequoia, Aspire, and CoreVest mortgage banking platforms. The funds will also support acquiring related assets for its Redwood Investments portfolio and pursuing strategic acquisitions and investments. The notes will be senior unsecured obligations of Redwood with an interest rate of 9.75% per year. Interest will be paid quarterly starting September 1, 2026, and the notes will mature on June 1, 2031. They will be issued in minimum amounts of $25. Redwood can redeem the notes partially or fully starting June 1, 2028, at the principal amount plus accrued interest. If there is a change of control, Redwood must offer to buy back all outstanding Notes at 101% of the principal amount plus accrued interest. More on Redwood Trust Redwood Trust, Inc. (RWT) Q1 2026 Earnings Call Transcript Redwood Trust, Inc. 2026 Q1 - Results - Earnings Call Presentation Redwood Trust: Change In Delinquencies And Disclosures Make Me Pause On Baby Bonds (Downgrade) Redwood Trust anticipates $0.12 to $0.15 of incremental annual earnings from Castlelake Sequoia JV as volume reaches $8.5B Redwood Trust Non-GAAP EPS of $0.21 misses by $0.01, revenue of $63.9M beats by $34.11M
Japan’s Trade Minister Ryosei Akazawa will attend a gathering of trade chiefs hosted by China this week as Tokyo seeks to keep dialogue open with Beijing amid tense relations. Akazawa will leave for Suzhou on Thursday to attend the Asia-Pacific Economic Cooperation meeting on Friday and Saturday, according to the trade ministry. It will be closely watched whether Akazawa will meet with his Chinese...
Japan’s Trade Minister Ryosei Akazawa will attend a gathering of trade chiefs hosted by China this week as Tokyo seeks to keep dialogue open with Beijing amid tense relations. Akazawa will leave for Suzhou on Thursday to attend the Asia-Pacific Economic Cooperation meeting on Friday and Saturday, according to the trade ministry. It will be closely watched whether Akazawa will meet with his Chinese counterpart on the sidelines, as remarks last year by Prime Minister Sanae Takaichi regarding Japan’s stance on Taiwan have strained ties between the two nations. There haven’t been any ministerial-level meetings between Asia’s two largest economies since Takaichi suggested in November that Japan could deploy its military if China used force to try to seize Taiwan, which insinuated a change in policy that angered Beijing. The comments were made a week after Takaichi and Chinese President Xi Jinping met at APEC. Tokyo has sought to ease tensions by reiterating that its stance on Taiwan has not changed, but Takaichi has stood by her comments. The dispute has discouraged Japanese business delegations from visiting China, while Beijing has imposed fresh export curbs on dual-use items and warned its citizens against traveling to Japan. Takaichi spoke with US President Donald Trump last week after his visit to Beijing and they affirmed the strength of the two countries’ alliance, according to the Japanese government. During that summit, Xi warned Trump against a potential conflict in Taiwan, highlighted how the island continues to be a top issue . Last October, before Takaichi’s remarks, Akazawa met China’s Commerce Minister Wang Wentao on the sidelines of APEC meetings in South Korea, then the host nation, and raised concerns over China’s export controls on rare earths. The gathering this week will just be among trade ministers, while the APEC summit that includes heads of state and government will convene in Shenzhen in November. In the past, APEC has provided a venue for the ...
Activist investor Elliott Management has disclosed a roughly 6% position in Nippon Express Holdings ( NPEHF ), declaring that while the logistics giant holds a dominant market position in Japan, it remains deeply undervalued relative to its global peers. "Closing the gap to Nippon Express' intrinsic value will require bold and ambitious steps which should include: a pause and re-evaluation of the ...
Activist investor Elliott Management has disclosed a roughly 6% position in Nippon Express Holdings ( NPEHF ), declaring that while the logistics giant holds a dominant market position in Japan, it remains deeply undervalued relative to its global peers. "Closing the gap to Nippon Express' intrinsic value will require bold and ambitious steps which should include: a pause and re-evaluation of the current M&A strategy, the introduction of measures to increase profitability and right sizing the balance sheet to improve capital efficiency," Elliott said. Last month Elliott built a stake in Nippon Express sending the logistics company’s stock to a fresh record. Shares of Nippon Express had jumped as much as 18%, the biggest intraday gain ever, after the US hedge fund disclosed a 5.04% stake in the Tokyo-based company in April. More on Nippon Express Holdings, Inc. Nippon Express Holdings, Inc. 2026 Q1 - Results - Earnings Call Presentation Nippon Express Holdings, Inc. 2025 Q4 - Results - Earnings Call Presentation Historical earnings data for Nippon Express Holdings, Inc. Dividend scorecard for Nippon Express Holdings, Inc. Financial information for Nippon Express Holdings, Inc.
MOSCOW, May 20 (Reuters) - Russia hopes to power its flagship GigaChat AI model with Chinese-made chips, Sberbank's CEO said during President Vladimir Putin's visit to China, as Western sanctions continue to block the country's access to advanced hardware abroad. "We are hoping that we will be able to use Chinese microchips for GigaChat," Chief Executive German Gref told state broadcaster Cha...
MOSCOW, May 20 (Reuters) - Russia hopes to power its flagship GigaChat AI model with Chinese-made chips, Sberbank's CEO said during President Vladimir Putin's visit to China, as Western sanctions continue to block the country's access to advanced hardware abroad. "We are hoping that we will be able to use Chinese microchips for GigaChat," Chief Executive German Gref told state broadcaster Channel One. GigaChat was developed by Sberbank, the country's largest lender, which has been driving Russia's push into AI. The bank's efforts to buy advanced chips from China face stiff competition as China's biggest internet firms, including ByteDance, Tencent, and Alibaba, are also rushing to order Huawei's Ascend 950 AI chips. Ascend 950, the most advanced Chinese chip, still trails U.S.-based Nvidia's H200 model. Gref did not say which chips Sberbank was trying to buy. Russia trails AI leaders, the United States and China, in development of the technology and depends heavily on imported electronics in sensitive sectors, including defence. China is its main supplier of such hardware. (Writing by Gleb BryanskiEditing by Bernadette Baum)
新一輪居屋綠置居白居二截止申請 房委會收10.5萬份申請 超額約13倍 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】新一輪居屋、綠置居及白居二截止申請，房委會共接獲10.5萬份申請表。 申請人今年可一次過申請兩...
新一輪居屋綠置居白居二截止申請 房委會收10.5萬份申請 超額約13倍 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】新一輪居屋、綠置居及白居二截止申請，房委會共接獲10.5萬份申請表。 申請人今年可一次過申請兩個計劃，超過六成半申請人都採用精簡申請安排，其中同時申請居屋計劃和綠置居申請人最多，有2.8萬份；單獨遞交綠置居申請有1,400份；白居二則有4,800份，而房委會從上述途徑合共收到約9萬9千份。 今期居屋申請以推售6,926個新居屋單位計算，超額申請約13倍，房屋署相信申請者對資助出售單位需求持續殷切。
Domenico Fornas/iStock via Getty Images Last Friday’s nonfarm payrolls report offered another reminder that the U.S. labor market remains more resilient than many headlines suggest. Employers added 115,000 jobs in April, well above expectations for roughly 65,000, while the unemployment rate held steady at 4.3%. Combined with March, the economy has now added roughly 300,000 jobs over the last two ...
Domenico Fornas/iStock via Getty Images Last Friday’s nonfarm payrolls report offered another reminder that the U.S. labor market remains more resilient than many headlines suggest. Employers added 115,000 jobs in April, well above expectations for roughly 65,000, while the unemployment rate held steady at 4.3%. Combined with March, the economy has now added roughly 300,000 jobs over the last two months, marking the first back-to-back monthly gains in nearly a year and quickly shifting the narrative from a big decline posted in February. The monthly payroll picture has also become increasingly uneven, as shown in the chart below. Job growth has remained positive overall, but the pace of hiring has become far more volatile over the last two years. At the same time, the supply of labor’s growth rate may also be lower than it was in prior cycles. Several Federal Reserve studies have noted that slower immigration and an aging population are reducing labor force growth, meaning fewer monthly job gains are now required to keep unemployment stable. Softer payroll numbers today may therefore not carry the same signal of economic weakness that they once did. Even with the recent improvement in payroll growth, the broader conversation surrounding the labor market remains heavily focused on downside risks. Nearly every week seems to bring another headline warning that AI will significantly disrupt white-collar employment, eliminate entry-level work, or permanently impair the labor market. Concerns surrounding AI and employment have been amplified by a growing wave of select and concentrated but high-profile layoff announcements. For example, earlier this year, fintech firm Block ( XYZ ) drew significant attention after announcing plans to reduce roughly 40% of its workforce as part of broader efforts to improve efficiency and increase AI investment. There is important context to keep in mind, however, around many of today’s labor market dynamics. Technology companies broadly a...