Articles by: Michael Fisher

Wendel Outlines €7 Billion Cash Flow Strategy and Expanded Private Assets Focus

Key Moments Wendel (EPA:MWDP) shares rose 6.7% on Friday after the firm revealed plans to generate over €7 billion in cash flow by 2030. The group is refocusing on two core businesses: Wendel Investment Managers (WIM) and Wendel Principal Investments (WPI). WIM aims for fee-related earnings above €200 million by 2026. At least €1.6 billion […] Read more

Local Investors Double Down on AI as Taiwan Equities Eye Fresh Highs

Key Moments Taiwan’s benchmark stock index is projected by some investors to reach 30,000 points in 2026 following a multi-year AI-driven surge. Despite concerns over an AI bubble globally, Taiwan’s market trades at a price-to-earnings ratio of 21, below the Nasdaq and Nikkei, according to analysts cited in the article. Foreign investors have been net […] Read more

Mizuho Lifts Broadcom Price Target on Surging AI Demand and Expanding Backlog

Key Moments Mizuho raised its price target on Broadcom Inc (NASDAQ:AVGO) to $450 from $410 while maintaining an “Outperform” rating. Broadcom guided January-quarter revenue to about $19.1 billion, with expected AI sales of approximately $8.2 billion, up about 26% quarter-on-quarter. The company’s total backlog increased to $162 billion, including $73 billion tied to AI, supported […] Read more

Asian Currencies Mixed as Markets Weigh Fed Cut and Local Headwinds

Key Moments Federal Reserve delivers a 25 basis point rate cut to 3.50-3.75%, but maintains a distinctly hawkish tone. Australian dollar weakens 0.6% against the U.S. dollar after employment falls by 21,000, with full-time jobs dropping sharply. Indian rupee softens back below 90 per dollar, with USD/INR up 0.6% at 90.3 and approaching the 90.5 […] Read more

Lukoil Reportedly Backs Xtellus Proposal in High-Stakes Sanctions Deal

Key Moments Lukoil now favors a cashless swap proposal from U.S. bank Xtellus Partners for its $22 billion global asset portfolio, two sources said. The U.S. Treasury extended the deadline for Lukoil’s asset sale to January 17 after sanctions hit Lukoil and Rosneft. The Xtellus bid uses a securities exchange, which makes the deal more […] Read more

ALT5 Sigma Details Plan to Embed USD1 Stablecoin in Global Payments Network

Key Moments ALT5 Sigma (NASDAQ: ALTS, FSE: 5AR1) plans to integrate the USD1 stablecoin into its ALT5 Pay and ALT5 Prime payment platforms. The company links anticipated USD1 usage growth to potential benefits for its existing $WLFI governance token holdings. ALT5 targets enterprise settlement, cross-border transfers, and merchant processing as primary use cases for USD1. […] Read more