Core Viewpoint - Spain's Sabadell reported a 27.4% decline in fourth-quarter net profit compared to the same period in 2024, attributed to lower lending income and the effects of a banking tax [1] Financial Performance - The net profit for the fourth quarter fell significantly by 27.4% from the previous year [1] - The decline in profit is primarily due to reduced lending income [1] - The impact of a banking tax also contributed to the decrease in net profit [1]

Core Insights - Intel and AMD have informed Chinese customers about supply shortages for server CPUs, indicating a significant impact on the market [1] - Intel has specifically warned of delivery lead times extending up to six months, highlighting the severity of the supply chain issues [1] Company Impact - Both Intel and AMD are facing challenges in meeting demand for server CPUs, which could affect their market positions and revenue [1] - The extended lead times from Intel may lead to potential delays in product launches and customer projects for Chinese clients [1] Industry Implications - The supply shortages in server CPUs may signal broader supply chain issues within the semiconductor industry, affecting various sectors reliant on these components [1] - The situation could lead to increased prices for server CPUs as demand outstrips supply, impacting overall market dynamics [1]

Core Viewpoint - Societe Generale has raised its profitability target for 2026 following a strong fourth-quarter performance driven by cost cuts and improved retail banking sales, despite a decline in investment banking revenue [1]. Financial Performance - The bank's fourth-quarter net income increased by 36% year-over-year to 1.42 billion euros ($1.68 billion), exceeding analyst expectations by 21% [1]. - Revenue for the quarter rose by 1.6% to 6.73 billion euros, also above forecasts [1]. - Operating expenses were slightly lower than projected, contributing to the overall positive results [1]. Strategic Developments - Societe Generale has set a new target for return on tangible equity for 2026 at over 10%, up from a previous range of 9% to 10% [1]. - The bank anticipates revenue growth of more than 2% in 2026 and aims for a cost reduction of around 3% [1]. - The CET1 ratio at the end of 2025 was 13.5%, surpassing the self-imposed target of 13% for 2026, providing capital headroom for organic growth [1]. Investment Banking Performance - The investment banking division experienced a 2.3% decline in sales to 2.41 billion euros, falling short of expectations [1]. - FICC trading revenue dropped by 13.3%, contrasting with gains reported by competitors like BNP Paribas and Deutsche Bank [1]. Shareholder Returns - The bank announced a share buyback program worth 1.46 billion euros and plans to propose a dividend of 1.61 euros per share for 2026 [1].

Core Viewpoint - South Korean equities are experiencing a decline as investors are moving away from tech stocks, while Indonesian shares have dropped over 2% following a downgrade in the country's credit rating outlook by Moody's, impacting Southeast Asia's largest economy [1] Group 1: South Korean Market - South Korean equities have extended their declines, indicating a trend of retreat among investors from technology stocks [1] Group 2: Indonesian Market - Indonesian shares fell by more than 2% after Moody's downgraded the country's credit rating outlook, marking a significant setback for the economy [1]

Core Viewpoint - Toyota Motor has raised its full-year operating profit forecast, attributing this increase to expectations of a weak yen and effective cost reduction efforts [1] Group 1 - The company anticipates that the weak yen will positively impact its financial results [1] - Cost reduction initiatives are expected to further enhance profitability [1]

Core Insights - Toyota Motor's Chief Executive Koji Sato will step down and be replaced by Chief Financial Officer Kenta Kon [1] Company Leadership Changes - Koji Sato's resignation marks a significant leadership change for the world's largest automaker [1] - Kenta Kon, the current Chief Financial Officer, will take over the role of Chief Executive Officer [1]

Core Viewpoint - Hims & Hers has introduced a weight-loss pill priced at $49 per month, which has created significant attention in the pharmaceutical industry, although the company's shares declined following the announcement [1] Company Summary - Hims & Hers launched a weight-loss pill with an introductory price of $49 per month, indicating a strategic move to penetrate the weight-loss market [1] - Despite the product launch generating buzz, the company's stock performance was negative, ending the day down [1] Industry Summary - The announcement of the weight-loss pill by Hims & Hers has sent shockwaves through the pharmaceutical industry, highlighting the competitive landscape in the weight-loss segment [1]

Core Insights - The U.S.-based Kratos Defense and Taiwan's military have successfully tested a new jet-powered attack drone aimed at enhancing Taiwan's military capabilities [1] Group 1: Company Developments - Kratos Defense is collaborating with Taiwan's military to develop and test a new jet-powered attack drone [1] - The initiative is focused on rapidly increasing Taiwan's ability to deploy large numbers of low-cost drones [1] Group 2: Industry Implications - The successful testing of the drone signifies a strategic move to bolster Taiwan's defense capabilities amid regional tensions [1] - This development may influence the broader defense industry, particularly in the context of drone technology and military procurement strategies [1]

Bitcoin made a 16-month low and tested key $60,000 support on Friday, as a global selloff in technology stocks deepened and washed out risky bets across asset classes. ...

Indonesian stocks and currency skidded on Friday after Moody's lowered the country's credit rating outlook, the latest jolt in a turbulent start to the year for Southeast Asia's largest economy after an $80 billion rout of its equity market last week. ...