First Quantum Pegs Argentina Copper Mine’s Value at $5.9B
First Quantum Minerals announced that its Taca Taca copper‑gold project in northwest Argentina now carries an after‑tax net present value of $5.92 billion and a 19.3% internal rate of return, more than double the 2021 estimate. Updated reserves rose 13%, adding 8.43 million tonnes of copper and 5.53 million ounces of gold, supporting a 35‑year mine life. The initial 40 Mtpa open‑pit operation is projected to cost $4.2 billion, with cash costs of $0.97 per pound copper for the first decade. Shares jumped 3% on the news, underscoring investor confidence.
Should the Defense Spending Ramp-Up Also Tackle Climate Change?
At the Munich Security Conference, defense leaders focused on tanks, ammunition and troop deployments, while climate change was relegated to the sidelines. Delegations from the Global South, especially small‑island states, warned that climate acts as a strategic risk multiplier that...
AREIT Delivers Strong Profit Growth in 2025
AREIT Inc. posted a net income of P9.4 billion in 2025, up 28% year‑over‑year, while revenue rose 26% to P13 billion. The growth was driven by income from recent acquisitions in Cebu, Davao and Cagayan de Oro, adding to stable earnings from its existing...
Investors Returned to Gold ETFs in 2nd Week After Booking Profits in 1st Week
Gold exchange‑traded funds saw a sharp $3.87 billion outflow in the week ending Feb 6, before a modest $2.34 billion inflow the following week, leaving assets under management at $664.2 billion. The swing reflects investors reacting to the Fed‑chair nominee Kevin Warsh’s hawkish stance...
Markets Cheer ₹80,000-Crore Divestment Target
The Indian government has set an ₹80,000‑crore dis‑investment target for the next fiscal, sparking a rally in public‑sector undertaking (PSU) stocks and lifting equity markets. The plan combines strategic stake sales and asset monetisation to generate fiscal inflows while unlocking...
Why eBay’s Depop Acquisition Matters More Than the Earnings Beat
eBay’s recent earnings beat was eclipsed by its strategic purchase of Depop, the Gen‑Z‑focused resale platform. The $1.6 billion acquisition expands eBay’s mobile‑first, social commerce capabilities and adds a youthful user base. Analysts note that Depop’s rapid growth and strong community...
Pakistan’s New Special Security Unit Underscores China’s Hold on the Country
Pakistan announced a dedicated special security unit in January 2026 to protect Chinese citizens and projects, a move prompted by a spike in militant attacks on Chinese interests. The unit signals Islamabad’s desperation to retain China’s $62 billion investment amid deteriorating...
Kroenig Interviewed on CBS News on US Strategy in Iran and the Board of Peace
Atlantic Council senior director Matthew Kroenig appeared on CBS News on February 19 to discuss Washington’s options regarding a potential strike on Iran. He warned that a rushed military action could destabilize the region and emphasized the need for a...
Upcoming Changes to the Euribor Panel
The European Securities and Markets Authority (ESMA) announced that Barclays Bank PLC will withdraw from the Euribor panel, with its final contribution date set for 27 February 2026. ESMA and the Euribor College of Supervisors assessed the impact and concluded...
ESMA Publishes List of Supplementary Deferrals for Sovereign Bonds
The European Securities and Markets Authority (ESMA) and most EU national competent authorities have released a list of supplementary deferrals that extend the MiFIR transparency regime for sovereign bonds. The new rule permits the omission of volume publication for medium‑size...
ESMA Publishes a Supervisory Briefing on the AAR Representativeness Obligation
The European Securities and Markets Authority (ESMA) has released a supervisory briefing outlining how counterparties must meet the active‑account requirement (AAR) representativeness obligation. The document details the identification of relevant derivative sub‑categories, reporting procedures, and provides a compliance example. ESMA...
Surging Oil Tanker Rates Tipped to Go Even Higher
Oil supertanker charter rates have surged, with VLCC earnings on the Middle East‑to‑China lane reaching $151,208 per day, the highest since 2020. The spike is driven by heightened geopolitical risk from a potential US‑Iran conflict and a tightening supply of available...
High-Yield Deals Are Testing the Market and Finding Demand
The high‑yield municipal bond market is heating up early in 2024, with $2.3 billion of speculative‑grade issuance recorded YTD, representing roughly 3.4% of total municipal issuance. Strong investor appetite and a tight primary‑market supply have driven several previously shelved deals back...
USA Crude Oil Stocks Drop 9MM Barrels WoW
U.S. commercial crude inventories fell 9 million barrels in the week to Feb 13, leaving stocks at 419.8 million barrels—about five percent below the five‑year average. Total petroleum stocks also dropped 18.9 million barrels week‑on‑week, though they remain 62.9 million barrels above a year ago....
How Trump and Erdoğan Can Turn US LNG Energy Dominance Into Black Sea Stability
U.S. President Donald Trump is positioning a three‑party deal with Turkey and Ukraine at the June NATO summit to allow large‑scale U.S. LNG shipments through the Bosporus. Current Turkish regulations bar vessels over 200 m, preventing most U.S. LNG carriers from...
Australia and Timor-Leste: A New Partnership for a New Era
Australian Prime Minister Anthony Albanese and Timor‑Leste Prime Minister Xanana Gusmão signed the Parseria Foun ba Era Foun declaration, establishing a new partnership built on three pillars – peace and regional integration, prosperity and resilience, and people‑to‑people links. The accord expands cooperation in security,...
Lemonade’s Sweet Results Refresh Market Appetite: Rebound Ahead
Lemonade reported a blowout Q4 2026, posting $228.1 million revenue—a 50% year‑over‑year jump that beat consensus by 500 basis points. Gross earned premium rose 28% and in‑force premium climbed 31%, while free cash flow turned positive at $37 million, up 37%. Management...
MetaQuotes to Release Build 5640 of MT5 Platform
MetaQuotes will roll out build 5640 of its MetaTrader 5 platform on February 20, 2026. The update refines the dark interface theme, adjusting background, tab and scrollbar colours for a more cohesive visual experience. It adds Markdown support in MetaEditor, allowing developers to document...
To Bridge the Transatlantic Productivity Divide, Europe Needs Structural Reforms—And AI
Europe’s productivity lags far behind the United States, with EU real‑GDP growth averaging 1.3% since 2000 versus 2.4% in the US. The gap is driven by weak diffusion of IT and AI advances, which account for 25% of US growth...
Dropbox FY2025 - Flat Results and Guidance, Still Betting on Dash for Growth
Dropbox reported FY2025 revenue of $2.5 billion, essentially flat year‑over‑year, while GAAP operating margin improved to 27.3% and non‑GAAP margin hit 40.6%. The company expects paying‑user growth to remain flat in FY2026, mirroring the prior year’s stability. Dropbox is banking on...
Where Do India and Pakistan Stand in Kazakhstan’s Southward Connectivity Push?
Kazakhstan is accelerating a southward connectivity push to secure Arabian Sea access, reducing reliance on Iran’s Chabahar and Bandar Abbas ports. President Tokayev’s recent visit to Islamabad underscored a partnership focused on the Kazakhstan‑Turkmenistan‑Afghanistan‑Pakistan (KTAP) rail corridor and a broader...
AngloGold’s Earnings Benefit From Strong Production Growth
AngloGold Ashanti reported record free cash flow of $2.9 billion for 2025, driven by a 16% rise in gold production to 3.1 million ounces and a 45% increase in average gold price to $3,468 per ounce. The company declared an interim dividend...
Correction to Bauxite, CIF China Price on February 20
Fastmarkets announced that the bauxite CIF China price assessment published on February 20 was invalidated due to a procedural error. The pricing database has been corrected, and the next release will occur on February 27, following the Chinese holiday calendar....
Jim Cramer's Top 10 Things to Watch in the Stock Market Friday
Jim Cramer highlighted ten market catalysts for Friday, Feb 20, ranging from macro data to individual stocks. Weak Q4 GDP growth at 1.4% pushed futures lower, while Texas Roadhouse rallied over 3% on a strong Q1 outlook. GE Aerospace received a...
‘Targeted Injection of Capacity’ Into Vietnam, Thailand Reshapes Ocean Networks
Ocean Alliance is injecting targeted capacity into Vietnam and Thailand in its Day 10 network update, turning ports like Haiphong and Laem Chabang into core deep‑sea origins. The shift adds four trans‑Pacific services to Haiphong and doubles West‑Coast sailings from Laem Chabang, while...
European Security Needs Turkey
Europe faces its most serious security shortfall in decades as reliance on U.S. defense guarantees wanes. The article argues that strategic autonomy must include re‑engaging Turkey, NATO’s most capable land force and a pivotal regional actor. It highlights the Trump...
Airbus Reports Full-Year (FY) 2025 Results
Airbus announced FY2025 results, delivering 793 commercial jets and generating €73.4 billion in revenue, a 6% year‑on‑year increase. Adjusted EBIT rose 33% to €7.1 billion, while net income grew 23% to €5.2 billion and EPS to €6.61. The order backlog hit a record...
Broker’s Call: Timken India (Accumulate)
Timken India reported a 14% YoY rise in Q3‑FY26 revenue to ₹764.3 crore, driven by strong performance across all segments. The Process segment led growth, jumping 24% YoY to ₹167 crore despite temporary cost pressures from the Bharuch plant ramp‑up. The broker...
CHS Could Slow Pace of Divestitures as It Makes Progress Paying Debt
Community Health Systems (CHS) announced it will decelerate its aggressive divestiture program as it focuses on strengthening core markets. The for‑profit hospital chain has cut its debt leverage to 6.6× in 2025, down from 7.4× the year before, and boosted...
CIRO Hands Toronto Dealer Exec Rare Permanent UDP Ban After US$1.4 Million Loss
The Canadian Investment Regulatory Organization (CIRO) imposed a permanent Ultimate Designated Person (UDP) ban on Peter Michael Deeb, a Toronto dealer executive, after leveraged ETF trading and capital reporting failures caused a US$1.419 million realized loss. Deeb faces a $500,000 fine,...
Broker’s Call: Aadhar Housing (Buy)
Broker Badri Narayanan rates Aadhar Housing a Buy, setting a target price of ₹650 versus the current ₹479.40. The firm projects a 20‑22% medium‑term AUM growth, aiming for a ₹50,000 crore portfolio within three years. A dual‑market model—urban “A” markets for...
Despite U.S. Mortgage Rates Falling to 6 Percent, Homebuyers Remain Hesitant
Pending home sales in January 2026 fell 0.8% month‑over‑month, despite mortgage rates slipping to a six‑year low of 6.01% for the 30‑year fixed loan. NAR chief economist Lawrence Yun notes that the rate drop makes 5.5 million households newly mortgage‑eligible, yet...
When Client Depression Becomes Your Business
Ascentis Wealth Buys Newly Launched Practice In Dallas With $250M AUM
Vanguard Eyes Non-U.S. Markets To Hedge High-Grade Debt Exposure
BOEM Proposes 3rd GOA Lease Sale
The U.S. Interior Department’s Bureau of Ocean Energy Management (BOEM) announced a proposed notice for Lease Sale Big Beautiful Gulf 3 (BBG3), slated for August 12, 2026. The sale would put roughly 15,066 offshore blocks covering 80.4 million acres on the market, with a...
Do You Need a Degree to Be a Financial Advisor?
A bachelor’s degree remains a baseline requirement for the Certified Financial Planner (CFP) credential and other designations such as the CFA, while many alternative certifications accept work experience in lieu of formal education. Advisors can start a registered investment advisor...
Commodity Boom Helps to Drive JSE Confidence
South Africa’s commodity surge—gold up 65% and platinum 125%—is fueling a boom on the Johannesburg Stock Exchange, with mining firms delivering double‑digit returns. The JSE’s recent rule changes, cutting shareholder approval thresholds from 75% to 50% and aligning disclosure standards,...
Why Verifying a Business in Africa Is Harder than Moving Money
Cross‑border payments in Africa now settle in seconds, but verifying the counterpart business can take weeks. The delay stems from fragmented, offline national registries and a lack of cross‑border data harmonisation, creating a “registry gap” that hampers the African Continental...
Why MAGA Fears Europe
President Donald Trump and his MAGA allies continue to cast the European Union as weak and misguided, a theme echoed at both Davos and the Munich Security Conference. The article counters this narrative, highlighting the EU’s social‑market model and its...
The Big Picture
At the 2025 Munich Security Conference, U.S. Vice President JD Vance delivered a sharply critical speech, accusing European allies of abandoning fundamental democratic values and curbing free speech to manage migration. In contrast, the 2026 conference saw Secretary of State...
Can US Small Caps Survive the Software Selloff?
US software megacaps have slumped roughly 30% this year, dragging the S&P 500 to a modest 0.5% gain, while the MSCI ACWI ex‑USA rose 9.1%. By contrast, the S&P 600 small‑cap index posted a 7.9% rise, narrowing the performance gap with global...
Canadian ETF Market Closes 2025 at Record $735B as Equity Dominance Reshapes Flows
Canada’s ETF industry closed 2025 with a record $735.1 billion in assets, a 37.5% increase over the prior year. Equity‑focused funds dominated, representing roughly 67.5% of total holdings, while the number of listed ETFs rose to 1,472, adding 255 new products....
CIBC Asset Management Inc. Announces Launch of Canadian and U.S. ETFs with Avantis Investors by American Century Investments
CIBC Asset Management announced the launch of four Avantis CIBC ETFs on the Toronto Stock Exchange, covering Canadian equity and three U.S. equity strategies – all‑cap, large‑cap value and small‑cap value. The products are the result of a strategic partnership...
Turning Equity Into Clarity: How HR Can Explain Stock Options The Right Way
HR teams that demystify stock options improve candidate confidence and close offers faster. The article outlines a repeatable process that starts with simple definitions of grant, strike price and vesting, then visualizes vesting schedules as timelines rather than percentages. It...
What You Need to Know About Filing to the CRA This Year as Tax Season Looms
Tax season launches Monday as the CRA opens online filing for 2025 returns, having processed over 33 million returns last year with 93 % filed electronically. Key dates include the RRSP contribution deadline on March 2, the general filing and payment deadline on...
My Wife’s Brother Never Claimed His Part of Their Mother's Estate. What Do We Do Now?
Edward is assisting his wife with her brother’s estate in New Brunswick after the brother never filed paperwork to claim his late mother’s life‑insurance proceeds and stock accounts. The brother died intestate, leaving no will or appointed executor, which triggers...
Brad Carr: Canada Needs to Cut the GST/HST for All New Homebuyers, Not Just First-Timers
Brad Carr, CEO of Mattamy Homes, urges the federal and Ontario governments to broaden the GST/HST rebate to all new‑home buyers, not just first‑timers. He points to a sharp decline in Canadian home sales—GTA sales fell 11.2% in 2025, with...
Venezuelan Democracy Needs Action, Not Cheap Talk
U.S. President Donald Trump announced a Venezuela policy that puts oil reconstruction ahead of democratic elections. In a Fox News interview he pledged at least $100 billion from American oil firms to rebuild the country’s oil infrastructure, with the United States...
19 Newly Overvalued Stocks This Month
Morningstar’s monthly screen flagged 19 Europe‑listed stocks as newly overvalued, moving them into the 2‑star range, while five stocks slipped to 1‑star. The largest‑cap 2‑star names are ASML, Siemens Energy, Rio Tinto, National Grid and Bayer, each trading at a...