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Canadian foreign minister to meet in Ankara on Wednesday with German counterpart to set price for submarine purchase agreement with Germany's TKMS.
2026-07-07
Canadian foreign minister to meet in Ankara on Wednesday with German counterpart to set price for submarine purchase agreement with Germany's TKMS.
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2026-07-07
Citigroup said it was surprised by Tencent Holdings (00700.HK) selling down its stake in Kuaishou (01024.HK), noting Tencent had earlier signaled it might use its investment portfolio to fund shareholder returns. The bank flagged Kuaishou’s low valua
Citigroup said it was surprised by Tencent Holdings (00700.HK) selling down its stake in Kuaishou (01024.HK), noting Tencent had earlier signaled it might use its investment portfolio to fund shareholder returns. The bank flagged Kuaishou’s low valuation and that Kuaishou portfolio company Keling recently completed a private round in which Tencent invested about $200m for a 1.12% stake, suggesting Tencent may be reallocating older holdings into new AI investments. Citigroup said the sell-down could hurt Kuaishou market sentiment and prompt concern about further disposals of Kuaishou or other investee stakes; nevertheless, with Kuaishou’s fundamentals unchanged and Keling showing potential, Citigroup maintains a Buy rating and PT HK$72.
2026-07-07
TKMS CEO: The goal is to reach a formal contract for the Canadian submarine order by the end of 2026.
TKMS CEO: The goal is to reach a formal contract for the Canadian submarine order by the end of 2026.
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