Whenever I find a promising upstart in an industry which is dominated by a clear leader, the story of David and Goliath comes to mind. Taking the biblical themes aside, the message of the story is that big is not always beautiful, while smallThe author has an honours degree in economics and politics with a focus on economic development. With 36 years of experience in executive management he has extensive knowledge of insurance/reinsurance, Global and Asia Pacific markets, climate change and ESG. He invests ...

NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, Nasdaq: VZ) today announced the final results of its Exchange Offers (as defined below) and its Cash Offers (as defined below). Exchange Offers The first transaction consists of 10 separate private offers to exchange (the “Exchange Offers”) any and all of the outstanding series of notes listed in the table below (as used in the context of the Exchange Offers and the Cash Offers (as defined below), collectively the “Ol ...

USD/CNY fix model Foreign Exchange - Asia ex-Japan Projection: 7.1799 Model projection: 7.1799 versus 7.1789 previous (10 pips higher; 3 pips lower from the previous official spot close). Model projection with counter-cyclical factor: 7.1746 (43 pips lower from previous fix). Research Analysts Asia FX Strategy Craig Chan - NSL craig.chan@nomura.com Wee Choon Teo - NSL weechoon.teo@nomura.com Vicky Chen - NSL vicky.chen1@nomura.com Manthan Shingala - NSL manthan.shingala1@nomura.com Fig. 1: Top 4 weighted ov ...

So the biggest question in Washington right now is what the level of US involvement will be from here as you guys have been talking about and we have seen some mixed signals on that today. Just in the last two hours, the president posting on social media suggesting that the US could be considering pushing for a full regime change in Iran. He wrote that while it's not politically correct to use the term regime change, if the current regime is unable to make Iran great again, then why wouldn't there be a regi ...

TONIGHT, A SPECIAL EDITION OF BALANCE OF POWER. THE U.S. MILITARY STRIKE ON IRAN AND THE THREAT OF A WIDENING WAR IN THE MIDDLE EAST. >> THE PRESIDENT AUTHORIZED A PRECISION MISSION TO NEUTRALIZE THE THREATS TO OUR NATIONAL INTEREST POSED BY THE IRANIAN NUCLEAR MISSION. THIS MISSION HAS NOT BEEN ABOUT REGIME CHANGE. >> PRESIDENT TRUMP ACTED TO DENY THE WORLD'S MOST DANGEROUS REGIME FROM THE WORLD'S MOST DANGEROUS WEAPONS. >> TONIGHT I CAN REPORT TO THE WORLD THAT THESE STRIKES WERE A SPECTACULAR MILITARY SU ...

A short time ago, the U.S. military carried out massive precision strikes on the three key nuclear facilities in the Iranian regime, Fordo, Natanz and Esfahan. Everybody heard those names for years as they built this horribly destructive enterprise. Tyler Kendal at the White House.Now as the world waits for potential retaliation from Iran. The State Department is now urging. Increased caution to U.S. citizens abroad.Tyler. Yeah. Hey, Joe.Good evening. While a US official tells us that President Trump has sp ...

Thanks for being here. On Bloomberg TV and radio, Congressman. Thanks for having me. And thanks for the lead in.You know, one after another of my colleagues on the other side of the aisle forgetting about everyone from Truman to through Biden. Every one of them did a kinetic firing. None of them went to war. None of them came to Congress for the constitutional approval.And that's the only thing the Constitution says is going to war. The fact is, since Teddy Roosevelt famously said that, you can, you know, I ...

I don't know what you make of this rhetorical dance that we're hearing about the extent of damage, starting with President Trump suggesting that Fordo was obliterated. We've heard more tempered comments from the chairman of the Joint Chiefs and other analysts who are looking at this, including the IAEA. Did we go far enough.Well, I don't think the job is finished. I think it's very difficult to make evaluations of how effectively then, for example, at Fordo, which by definition was under a mountain. And it' ...

This is the heart of Singapore where some of the world's biggest banks including JP Morgan and Bank of China z billions of dollars around the world in nanconds over computer screens. But down here in this tiny but popular corner of Raffles place cash is still king. The arcade is home to about 30 money changers.Every day hundreds of people line up here to exchange about 150 different global currencies. Japanese yen, Indonesian rupia, Malaysian ringit, you want Icelandic croner, no problem. But in this digita ...

Core Points - Verizon Communications Inc. announced the expiration and preliminary results of its Exchange Offers and Cash Offers for its outstanding notes [1][4][17] - The Exchange Offers involved exchanging Old Notes for newly issued 5.401% Notes due 2037, with a settlement date expected on June 25, 2025 [3][4] - The Cash Offers also expired on June 18, 2025, with a similar settlement date anticipated [17][18] Exchange Offers - The Exchange Offers included 10 separate private offers to exchange various series of Old Notes for New Notes [3][4] - The total principal amount of Old Notes tendered for exchange was detailed in a table, showing significant amounts for each series [6][7] - The acceptance of Old Notes for exchange was based on a "waterfall" methodology, with a maximum aggregate principal amount of New Notes capped at $2.5 billion [10][11] Cash Offers - The Cash Offers consisted of 10 separate offers to purchase Old Notes for cash, with terms outlined in the Offer to Purchase [16][18] - A table indicated the aggregate principal amount of each series of Old Notes tendered for purchase, with notable amounts for several series [18][19] - Similar to the Exchange Offers, the Cash Offers utilized a "waterfall" methodology for acceptance based on priority levels [20][21] Additional Information - Global Bondholder Services Corporation acted as the Information Agent and Exchange Agent for the Exchange Offers, and also for the Cash Offers [14][24] - The final principal amounts of each series of Old Notes validly tendered and accepted for exchange and purchase will be announced by June 23, 2025 [23]