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07.02.26 - 08:54
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SHKP sells out latest batch of Sierra Sea units as home sales see Lunar New Year ′mini-boom′ (SCMP)
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Sun Hung Kai Properties (SHKP), Hong Kong's largest developer by market capitalisation, sold all 218 units released at its Sierra Sea project on Saturday, marking what agents describe as a “mini-boom” ahead of the Lunar New Year.
It marked the sixth consecutive week of sold-out units at the project in Shap Sze Heung, located between Sai Kung and Ma On Shan.
The project's cumulative sales currently stand at about 1,300 units, underscoring the returning buyer appetite in the world's most expensive......
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07.02.26 - 01:06
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Tata Steel profits up 9x on improved sales (Times of India)
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Tata Steel's Q3FY26 profit soared multifold to Rs 2,730 crore, driven by a 14% surge in domestic delivery volumes, marking a first with over six million tonnes. Despite weak steel prices, increased capacity utilization boosted revenue by 6% to Rs 57,002 crore. Recent import tariffs are expected to further support domestic producers....
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07.02.26 - 01:06
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Lead frame supplier CWTC reaches 40-month revenue high in January (Digitimes)
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Driven by a broad demand recovery and the gradual effect of price increases, Chang Wah Technology (CWTC) reported both month-on-month and year-on-year growth in consolidated revenue in January 2026, reaching the highest monthly level in nearly 40 months and the second-highest for the same period on record....
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06.02.26 - 23:48
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GDP growth outlook raised to 7.4%, repo rate stays at 5.25% (Times of India)
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The RBI has raised India's GDP growth forecast for the current fiscal year to 7.4%, while keeping the repo rate unchanged at 5.25% and maintaining a neutral monetary policy stance. Governor Sanjay Malhotra highlighted strong macroeconomic fundamentals, with growth improving and inflation remaining benign, creating a favorable economic environment for India....
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06.02.26 - 22:36
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Consumer Credit Smashes All Estimates As Monthly Credit Card Debt Unexpectedly Surges By Most In 2 Years (ZeroHedge)
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Consumer Credit Smashes All Estimates As Monthly Credit Card Debt Unexpectedly Surges By Most In 2 Years
2025 closed with a surprising surge in consumer spending and retail sales, one which was unexpected since personal savings at the end of the year had just ground to a 3 year low...
... which when coupled with stagnant earnings prompted the question just where did consumers get the money for December's spending spree.
We now have the answer: at 3pm today, the Fed published the latest consumer credit data, and boy was it a doozy. After November's tepid $4.2 billion increase in total consumer credit (which came in below estimates even after today's revision to $4.7 billion), consensus was looking for a modest bounce to $8 billion, or well below the post-covid average. Instead, what the Fed reported was a stunner: consumer credit soared by a whopping $24.045 billion, the biggest monthly increase of 2025 by a wide margin (only Dec. 2024 was bigger going back all the way to 2023),..
... and ...
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06.02.26 - 21:01
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Warner Music Group Sees Double-Digit Revenue Growth in 1Q (Bloomberg)
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Warner Music Group's revenue for the first quarter rose 10%, which the company says is thanks to increases in digital, artist-services, and expanded rights and licensing revenue. Warner Music Group CEO Robert Kyncl joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech” to discuss how AI patterns are also going to pay off soon. (Source: Bloomberg)...
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