It was not immediately clear which business units or shows were affected by the layoffs. High-profile journalists such as "60 Minutes" correspondentAnderson Cooper have parted ways with CBS News since Weiss took overas the network's new editor-in-chief in October, following Paramount Skydance's (PSKY.O), opens new tabpurchase of her outlet The Free Press. Weiss is looking to revamp the newsroom and bring on a "streaming mentality" to the network. She unveiled her strategy in January to add 19 new contributo ...

Philippine SEC Approves Listing Of Tycoon Lucio Tan’s PNB Property Arm At $944 Million Valuation https://t.co/I9acvTQuHX (📸: Courtesy of PNB) https://t.co/Gi3Yp8Qbqt ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the **Chinese economy**, specifically tracking high-frequency indicators related to consumption, mobility, production, investment, macro activity, markets, and policy adjustments in the context of the Chinese New Year (CNY) [1][5]. Core Insights and Arguments 1. Consumption and Mobility - **Property Transactions**: The daily property transaction volume in the primary market across 30 cities has increased recently, aligning with levels observed around last year's CNY [3][7]. - **Traffic Congestion**: Traffic congestion patterns are consistent with last year's CNY, indicating stable mobility trends [12]. - **Passenger Traffic**: Overall daily passenger traffic flows have largely tracked levels from the previous year following peak travel periods [15]. - **New Energy Vehicles (NEVs)**: Sales volume for NEVs fell in February, remaining below the 2025 target levels [18]. - **Total Auto Sales**: Total auto sales volume also decreased in February, falling short of the 2025 target [22]. - **Consumer Confidence**: There was a slight increase in consumer confidence in January [23]. 2. Production and Investment - **Steel Demand**: Steel demand has increased over the past two weeks, indicating a potential uptick in industrial activity [26]. - **Steel Production**: There has been a slight increase in steel production, suggesting a recovery in manufacturing [28]. - **Local Government Bonds**: RMB 918 billion in local government special bonds have been issued out of a total quota of RMB 4.4 trillion for 2026, reflecting ongoing investment initiatives [33]. - **Coal Consumption**: Daily coal consumption in coastal provinces has remained consistent with levels from the previous year [36]. 3. Other Macro Activity - **Port Activity**: Official port container throughput has increased over the past two weeks, remaining above year-ago levels, indicating robust trade activity [44]. - **Freight Volume**: The freight volume of departing ships at 20 major ports has also increased, staying above last year's levels [47]. - **Oil Demand**: The nowcast indicates that China's oil demand has edged up to 17.4 million barrels per day in the latest reading [54]. 4. Markets and Policy - **Interbank Repo Rates**: Interbank repo rates have decreased over the last week, suggesting easing liquidity conditions [60]. - **CNY Exchange Rate**: The Chinese Yuan (CNY) has appreciated against both the USD and the CFETS basket over the last two weeks [63]. - **Policy Announcements**: A series of macro policy announcements have been made, including: - Supportive stances from various government bodies on economic growth [66]. - Adjustments to housing purchase restrictions and tax policies to stimulate the housing market [66]. - Monetary easing measures, including a reduction in risk reserves for forward FX sales [66]. Additional Important Content - The report emphasizes the importance of considering these indicators collectively when making investment decisions, as they provide a comprehensive view of the economic landscape [5]. - The data sources include various reputable organizations such as Wind, Haver Analytics, and the Ministry of Transportation, ensuring the reliability of the information presented [10][17][38].

Fosun International fell the most in months in Hong Kong trading after warning its annual loss may widen by as much as fivefold, driven by impairment charges on property projects and other assets https://t.co/Zz2jZE7dNy ...

Economic Growth Target - China has set its GDP growth target for 2026 at 4.5% to 5%, marking the least ambitious goal since the early 1990s, allowing policymakers to respond to increased external uncertainties [2][6] - The lowered GDP target reflects persistent domestic growth challenges, including the impact of U.S. tariffs and weak consumption and investment [6][7] External Economic Risks - Heightened economic risks are present due to geopolitical tensions, particularly the U.S.-Israel conflict with Iran, which threatens China's energy supply [3][4] - The Chinese government has ordered major state oil refiners to suspend diesel and gasoline exports amid concerns over energy access [4] Employment and Job Creation - The Chinese government aims to create 12 million urban jobs, with an urban jobless rate target of around 5.5% [10] - Youth unemployment remains a significant concern, with a rate of 16.3% in January, compared to a nationwide jobless rate of 5.2% last year [9] Investment and Economic Strategy - Despite challenges in the property market, Beijing's plans to stabilize the sector remain similar to previous years, emphasizing effective measures [11] - The government is focusing on achieving tech self-sufficiency, planning to increase investment in scientific research and innovation [11] Export Dependency - Export growth is identified as a critical factor for economic stability; strong exports may allow for tolerance of weak domestic consumption [13] - China plans to issue 1.3 trillion yuan ($188.5 billion) in ultra-long-term special treasury bonds in 2026, maintaining the same level as the previous year [13] Long-term Economic Goals - The modest growth target aligns with China's long-term goal of doubling its economy by 2035, requiring an average annual growth of 4.17% over the next decade [14] - The approach indicates a preference for achieving a modest target rather than risking a more ambitious one [15]

Core Viewpoint - The primary reason to invest in SBA Communications is its undervaluation compared to historical norms and private market valuations, indicating a significant potential for growth in shareholder value [3]. Company Overview - SBA Communications is represented by CEO Brendan Cavanagh and Vice President of Capital Markets and Finance Louis Friend during the Citi's 2026 Global Property CEO Conference [2]. Investment Rationale - The company believes its stock is valued much lower than it should be, highlighting a disconnect between its current market valuation and the predictable, steady cash flow it can generate [3]. - The company emphasizes its ability to continue producing and growing cash flow over time, which supports the argument for investment [3].

Core Insights - Kier Group reported a strong first half in FY2026, highlighting revenue growth, profit increase, a record order book, and significant cash generation improvements not seen in 13 years [6] Revenue and Profit - Infrastructure Services was the main contributor to first-half revenue growth, with revenue up 4.9% to £1.083 billion, driven by road capital projects, increased rail work including HS2, and a ramp-up in water activity under AMP8 [1] - Overall first-half revenue increased 2.6% to £2,029 million, while adjusted operating profit rose 6.6% to £71 million, with an adjusted operating margin improving to 3.5% [4] Cash Flow and Financial Position - The company reported adjusted EBITDA of £101 million and a working capital outflow of £107 million, which was typical for the first half [2] - Kier ended the half with a net cash position of £103 million, compared to £58 million at December 2024, marking the first time in 13 years the company had an average net cash position of £16.8 million [3] Order Book and Future Visibility - The group's order book rose 5% to a record £11.6 billion, securing 94% of expected FY2026 revenue and 78% of expected FY2027 revenue [5] - Infrastructure Services order book stands at £7.1 billion, up 6%, with 92% of FY2026 work secured, while Construction's order book is £4.5 billion, up 5%, with 96% secured for FY2026 [8] Construction and Property Performance - Construction revenue was £920 million, down 1.3%, attributed to a transition to modular construction, with expectations for a revenue rebound in the second half [7] - The property division aims to achieve a long-term ROCE target of 15% by FY2028, with a gross development value of £3 billion [7] Shareholder Returns and Financing - Kier announced a proposed interim dividend increase to £0.026 per share, a 30% increase, alongside a new £25 million share buyback program [10] - The company refinanced its revolving credit facility with a new three-year £190 million facility and received credit rating upgrades from S&P and Fitch [12]

Strategic Overview - The company is transitioning from a recovery phase to a building phase in the property cycle, indicating strengthening real estate fundamentals and renewed investor confidence [2] - There is an acceleration in technological adoption within the industry, contributing to the overall positive momentum [2] Local Property Asset Platform - Stabilized vacancy rates in retail and industrial sectors are showing rental growth, which is a positive sign for the local property market [2] - Improved performance in port and rail operations is expected to significantly contribute to GDP growth in the coming years [2] Financial Insights - The exit of South Africa from the Financial Action Task Force gray list is a welcome development that enhances investor confidence [3] - Stable electricity supply in South Africa is viewed positively for building confidence in the financial markets [3] - The sovereign credit rating upgrade by S&P last year is expected to have favorable implications for financial markets [3]

Core Viewpoint - COPT Defense Properties will present an overview and participate in a Q&A session at Citi's 2026 Global Property CEO Conference [1] Group 1 - The presentation is scheduled for March 2, 2026, at 3:35 p.m. Eastern Time [1] - The event will take place at The Diplomat Resort & Spa in Hollywood, Florida [1] - A live audio webcast of the presentation will be available, along with accompanying materials [1]

Property website Rightmove said U.K. house prices in February were virtually flat on month as a high choice of homes for sale and steadying buyer activity prevented a rise. https://t.co/9h7ZXDzLEM ...