Richard Sengmany

Phillips 66, Kinder Morgan, Inc. and HF Sinclair Corporation sign a joint-venture agreement

Energy giants Phillips 66, Kinder Morgan, Inc. and HF Sinclair Corporation have finalized the formation of a joint venture and made the final investment decision to launch the Western Gateway Pipeline network project. Under the agreement reached by the three partners, Phillips 66, Kinder Morgan and HF Sinclair will own 49.9%, 35.1% and 15% of the network, respectively.

August 11, 2026 at 02:56 pm

Rocket Lab posts record second-quarter results

Yesterday, Rocket Lab reported results of unprecedented scale for the second quarter. The space services specialist delivered record revenue of $234m, up 62% year over year and $34m above the prior quarter's record. This momentum, driven by sharply rising demand across all business lines, came with a marked reduction in net loss, which narrowed to $49.25m from $66.41m a year ago.

August 11, 2026 at 02:07 pm

Water, the invisible but indispensable resource of the AI revolution

After a euphoric first half, stocks at the heart of the artificial intelligence ecosystem corrected sharply: semiconductor equipment names such as Applied Materials and Tokyo Electron, power chips with Infineon, AI-linked optics with Coherent. Investors reassessed demanding valuations and questioned, all at once, the pace of AI monetization, the funding of infrastructure and Chinese competition. 'The word bubble resurfaced,' notes Lena Jacquelin, portfolio manager - thematic equities at J. Safra Sarasin.

August 11, 2026 at 11:04 am

Prologue confirms the steadiness of its organic growth

During the first half of 2026, the Prologue group maintained its steady pace of growth, with revenue reaching €24.8m, up 6.1% organically on a pro forma basis year over year. Europe delivered 6.1% growth over the half, with revenue of €22.9m. Outside Europe, activity increased 6.8%, with billings of €1.9m.

August 11, 2026 at 07:13 am

Newmont and Barrick: disputes settled, NGM joint venture strengthened

Newmont Corporation and Barrick Mining Corporation have reached an agreement to integrate several key assets, including the Fourmile project (Barrick), and the Fiberline and Mike projects (Newmont), into their Nevada Gold Mines (NGM) joint venture. The agreement resolves all ongoing disputes between the parties related to NGM.

August 10, 2026 at 01:52 pm

Duke Energy announces a $1.75bn equity unit offering

Duke Energy Corporation today announced its intention to sell 35m equity units in a public offering. Each equity unit will be issued with a stated amount set at $50 (for a total stated amount of $1.75bn) and will initially take the form of a corporate unit consisting of a contract to purchase Duke Energy common stock at a later date and two 1/40 undivided beneficial interests in remarketable senior notes of the company, each with a principal amount of $1,000.

August 10, 2026 at 01:43 pm

European stock markets: a mixed session amid tensions in the Strait of Hormuz

European stock markets are trading in mixed order at midday. Investors remain highly attentive to any progress in talks between the United States and Iran aimed at reopening the Strait of Hormuz, a vital artery of global maritime trade. Down 0.10% at 8,705.78 points around 12 p.m., the CAC 40 could close the session with an eighth consecutive gain. London is down 0.26%. By contrast, Frankfurt and Amsterdam stand out, rising 0.35% and 0.10%, respectively.

August 10, 2026 at 11:08 am

When AI and passive management threaten our judgment

'At a time when artificial intelligence is reshaping our relationship with information, and passive management is taking up a growing share of financial markets, the same risk is emerging: that of an economy where repetition and concentration gradually take precedence over analysis and judgment,' observes David Kalfon, chairman of Sanso Longchamp AM.

August 10, 2026 at 09:28 am

Logic Instrument targets 2026 revenue of more than €75m

Logic Instrument, a European player specializing in the design and distribution of rugged computing systems for defense, reports revenue of €39.7m for the first half of 2026, up 105% year over year. Gross margin was notably hit over the period by around 4% due to higher raw material prices in electronics and memory that could only be passed through starting in May 2026.

August 07, 2026 at 05:08 pm

AI, the Fed and the Yen: the new equation in US markets

For Swiss private bank J. Safra Sarasin, 'the US economy continues to grow more strongly than expected. Consumers are keeping up their spending despite higher energy costs, supported by generous tax refunds. At the same time, an exceptional wave of investment in data centers, software, semiconductors and other infrastructure tied to artificial intelligence is creating a new and powerful source of demand. Together, these forces are pushing economic activity well above its estimated long-term potential and allowing companies to raise prices as well as profit margins.'

August 07, 2026 at 03:52 pm

AllianzGI to buy UOBAM in Southeast Asia

Allianz Global Investors (AllianzGI), one of the world's leading active asset managers, has reached an agreement to acquire UOB Asset Management (UOBAM), the asset management arm of banking group UOB, which is headquartered in Singapore. The deal will strengthen AllianzGI's activities in the Asia-Pacific region, taking the assets it manages for clients in the region to more than €170bn. It will enable the combined entity to deliver a client experience to investors across Southeast Asia.

August 07, 2026 at 02:14 pm

Global food prices: a mixed monthly rise in the FAO index

The FAO Food Price Index averaged 131.1 points in July 2026, up 0.7 point (0.6%) from the previous month. Gains in the cereal, sugar and vegetable oil price indices were partly offset by declines in meat and dairy. The food price index rose 1.3 points (1%) from a year earlier, but remained 29.1 points (18.2%) below its record level reached in March 2022.

August 07, 2026 at 10:03 am

Europe buoyed by hopes of a reopening of Hormuz, Eutelsat tumbles

With the exception of Amsterdam (-0.08%), European stock markets are trading in positive territory, 90 minutes after the open. Investors remain highly alert to any progress in U.S.-Iran talks aimed at reopening the Strait of Hormuz. The day will also be shaped by the release at 2:30 p.m. of the U.S. July jobs report. Shortly after 10:30 a.m., the CAC 40 is up 0.19% at 8,716.64 points and could thus notch a seventh straight session of gains. London and Frankfurt are up 0.11% and 0.47%, respectively.

August 07, 2026 at 09:47 am

Harbour Energy soars: a convincing first half and higher targets

Harbour Energy shares are up 5.38% at 244.80 pence on the London Stock Exchange, buoyed by robust results for the first half of 2026 in what has nonetheless been a volatile macroeconomic backdrop. The UK-based independent oil and gas company posted revenue of $6.4bn, up around 20% year over year.

August 06, 2026 at 03:51 pm

ConocoPhillips: strong performance and profits doubled in Q2 2026

ConocoPhillips posted sharply higher financial results for Q2 2026. The company benefited from a much more favorable pricing environment, which more than offset a slight technical dip in its daily production. The US oil major generated profit of $3.9bn ($3.23 per share) in Q2 2026, a clear increase from the $2bn ($1.56 per share) recorded in Q2 2025.

August 06, 2026 at 01:43 pm

Aurubis: 31% jump in 9-month profit, driven by metals and recycling

Europe's leading copper producer, Aurubis is posting solid financial performance over the first nine months of its 2025/2026 fiscal year. Lifted by higher metal prices and the ramp-up of its strategic investments, the German group is now aiming for the top end of its annual guidance range.

August 06, 2026 at 09:14 am

European markets seen higher after strategic deal in the Strait of Hormuz

European stock markets are expected to rise at the open on Thursday, buoyed by renewed optimism on the geopolitical front. Investors took note of an agreement yesterday between Iran and Oman that lays out in detail the 'geographic coordinates of the route' of a new shipping lane in the Strait of Hormuz. Ahead of the first trades, the CAC 40 is expected to gain 0.30%. The Dax is seen up 0.18%, and the FTSE 100 is expected to add 0.22%.

August 06, 2026 at 07:36 am

Capri Holdings: staying the course on profits despite headwinds

Capri Holdings posted results above Wall Street estimates in the first quarter of its off-calendar fiscal 2026/2027 year, driven by a sharp improvement in profitability. However, the American luxury group cut its full-year revenue outlook due to supply chain delays and macroeconomic pressures across the EMEA region. Despite these sales headwinds, management is holding to its full-year earnings per share (EPS) target, supported by operating cost cuts and tight margin management.

August 05, 2026 at 03:33 pm

Siemens Energy smashes its quarterly records

Siemens Energy (+0.17% at €151.12) is posting one of the strongest gains in the Dax in Frankfurt. The stock jumped 5% in early trading on Wednesday, lifted by a sharp acceleration in its business in the third quarter.

August 05, 2026 at 02:31 pm

Europe hovers around break-even

European equity markets are trading very close to flat, supported by slight signs of easing in the Middle East. After posting a double all-time record the day before (8,669.69 points intraday and 8,666.63 points at the close), the CAC 40 hit a fresh record high at 8,694 points a few minutes after the open. Around noon, Paris's benchmark index is down 0.06% at 8,661.33 points, but could notch a fifth straight session of gains. The DAX also set an intraday record at 26,403.81 points. It is now up 0.03% at 26,209.69 points.

August 05, 2026 at 11:15 am

Aramco boosts profit and rewards shareholders in Q2

Aramco's revenue and other operating income in Q2 2026 totaled $139.14bn, a sharp increase from the $124.59bn recorded in Q1 2026 and from $108.57bn a year earlier.

August 04, 2026 at 11:22 am