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☆ Yields are going to creep higher across the curve, says Macquarie Group's Thierry Wizman
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYields are going to creep higher across the curve, says Macquarie Group's Thierry WizmanBarbara Doran, BD8 Capital Partners CIO, and Thierry Wizman, Macquarie Group Global Interest Rates & Currencies strategist, joins 'Closing Bell Overtime' to talk United earnings, the day's market action, recent Fed speak, and more.

Persons: Macquarie, Thierry Wizman Barbara Doran, Thierry Wizman Organizations: BD8 Capital, Macquarie Group

☆ OPEC likely to extend cuts throughout rest of year: Strategist
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOPEC is 'pretty likely' to extend oil production cuts throughout the rest of the year: StrategistVikas Dwivedi, global oil and gas strategist at Macquarie Group, says that's because "without the cuts, OPEC gets in a bit of a jam."

Persons: Vikas Dwivedi Organizations: OPEC, Macquarie Group

☆ We expect the Bank of Japan to exit negative rates in April: Macquarie Group strategist
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect the Bank of Japan to exit negative rates in April: Macquarie Group strategistThierry Wizman, global interest rates and currencies strategist at Macquarie Group, discusses how wage growth in Japan could affect the central bank's monetary policy.

Persons: Thierry Wizman Organizations: Bank of Japan, Macquarie Group Locations: Japan

☆ There is a 'slightly postive skew' on oil demand for the first time in a while, strategist says
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is a 'slightly postive skew' on oil demand for the first time in a while, strategist saysVikas Dwivedi, global energy strategist at Macquarie Group, discusses the state of energy markets, saying they've become used to the idea that geopolitical tension does not always mean oil barrels will be lost.

Persons: Vikas Dwivedi, they've Organizations: Macquarie Group

☆ The economy is flashing a worrying signal that hasn't been seen since right before the 2008 crisis
▼ + stars: | 2023-11-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US economy is flashing a worrying signal about the health of the consumer. The gap between growth of GDP and gross domestic income hasn't been this large since 2007, Macquarie said. That's evidenced by a worrying indicator, which hasn't flashed a warning this loud since right before the 2008 recession, according to Macquarie strategists. Yearly growth in gross domestic product is currently outpacing gross domestic income by the most since 2007, Macquarie said in a note. The gap between the two could also explain why Americans feel poorly about the economy despite robust GDP growth, Macquarie added.

Persons: Macquarie, —, hasn't, That's, Thierry Wizman Organizations: Service, Macquarie, Macquarie Group

☆ Whichever way the OpenAI story goes, it is 'net positive' for Microsoft: Analyst
▼ + stars: | 2023-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhichever way the OpenAI story goes, it is 'net positive' for Microsoft: AnalystFrederick Havemeyer of Macquarie Group breaks down the latest development in the OpenAI turmoil and says that the competitive landscape for AI services is unlikely to shift "tremendously".

Persons: Frederick Havemeyer Organizations: Microsoft, Macquarie Group

☆ Macquarie sends shareholders a sell signal
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

Chief Executive of the Macquarie Group Shemara Wikramanayake, is seen in this handout picture taken in Sydney, Australia in 2022 released on May 5, 2023. Macquarie Group and Alice Boshell/Handout via REUTERS. Acquire Licensing RightsMELBOURNE, Nov 3 (Reuters Breakingviews) - Macquarie (MQG.AX) boss Shemara Wikramanayake knows how to time the market. The two moves seem designed to calm any shareholders nervous about the bank’s dip in fortunes. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Alice Boshell, Shemara Wikramanayake, Macquarie, Antony Currie, Aston Martin, Una Galani, Thomas Shum Organizations: Macquarie Group, REUTERS, Acquire, Rights MELBOURNE, Reuters, X, Pfizer, Thomson Locations: Sydney, Australia, Handout, Macquarie

The Sydney-based financial conglomerate has not had a steeper first-half profit drop in more than a decade. The results capped a run of "exceptional conditions" last year in the company's commodity trading and asset management segments, buoyed by energy market volatility and ripe conditions for asset sales, respectively, Chief Financial Officer Alex Harvey told Reuters. Macquarie said the asset management division's income should rebound in the second half to about the A$940 million it reported in the same period last year. The company said fees and commissions at investment banking arm Macquarie Capital were in line with the previous comparable period. Profit fell 28% to A$430 million.

Persons: David Gray, Alex Harvey, Macquarie, Shemara Wikramanayake, Wikramanayake, Barrenjoey, Lewis Jackson, Roushni Nair, Rishav Chatterjee, Jamie Freed Organizations: Macquarie Group Ltd, REUTERS, Macquarie, Reuters, Citi, Investment, Thomson Locations: Sydney, Australia, SYDNEY, Ukraine, North America, Israel, Bengaluru

☆ Biden's executive order has given 'one of the more comprehensive' AI regulation schedules: Analyst
▼ + stars: | 2023-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden's executive order has given 'one of the more comprehensive' AI regulation schedules: AnalystFrederick Havemeyer of Macquarie Group discusses the new executive order on artificial intelligence that U.S. President Joe Biden issued.

Persons: Frederick Havemeyer, Joe Biden Organizations: Macquarie Group

☆ Macquarie fund to invest in US fiber internet provider SwyftFiber
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

REUTERS/David Gray/File photo Acquire Licensing RightsOct 26 (Reuters) - Australia's Macquarie Group (MQG.AX) said late on Thursday that a fund managed by its asset management arm would invest in U.S.-based telecom services provider SwyftFiber. Although Macquarie did not disclose the financial details of the deal, Bloomberg reported on Wednesday that Macquarie was investing about $275 million for a majority stake. Neither Macquarie nor SwyftFiber respond to Reuters' requests for comment on deal details. The fund's proposed investment will allow SwyftFiber to speed up the construction of fiber infrastructure in existing and new markets, Macquarie said in a statement. SwyftFiber provides internet and television streaming services to communities in Louisiana, Arkansas and Mississippi, it added.

Persons: David Gray, Macquarie, Sameer Manekar, Anil D'Silva Organizations: Macquarie Group, REUTERS, Australia's Macquarie Group, Bloomberg, Thomson Locations: Sydney, Australia, Louisiana , Arkansas, Mississippi, Bengaluru

☆ Sold out hotels and spike in beer sales: How the Cricket World Cup could boost India's economy
▼ + stars: | 2023-10-19 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +7 min

Spectators react in the crowd during the ICC Men's Cricket World Cup India 2023 between India and Afghanistan at Arun Jaitley Stadium on October 11, 2023 in Delhi, India. Matt Roberts-icc | Icc | Getty ImagesIndia is once again hosting the Cricket World Cup after more than a decade. "We must remember that the World Cup coincides with the Diwali season. Media and advertisingDuring the last Cricket World Cup in 2019, a global average of 1.6 billion people tuned in. Spectators watch the 2023 ICC Men's Cricket World Cup one-day international (ODI) match between Australia and Sri Lanka at the Ekana Cricket Stadium in Lucknow on Oct. 16, 2023.

Persons: Matt Roberts, Shantanu Bhargava, Lalitya, Avi Mehta, Waterfield, Bhargava, Dhavala, Aditya Suresh, Suresh, Zomato, Prakash Singh, Mehta, —, Radico Khaitan, Shibani Kurian, It's, Tauseef Mustafa Organizations: ICC Men's Cricket, Arun, icc, Icc, Getty, Cricket, Waterfield Advisors, Hospitality, CNBC, International Cricket Council, Macquarie Group Demand, Bangladesh, Pakistan, Indian Hotels Company, Macquarie Group, Alcohol, Afp, Spirits, Kotak Mahindra AMC, Media, Disney, ICC, Board, Control, BCCI, Ekana Cricket Locations: India, Afghanistan, Delhi, Bangladesh, Sri Lanka, Pakistan, Ahmedabad, Australia, New Zealand, Netherlands, Pune, LSEG, New Delhi, Lucknow

☆ It will feel like a recession for the consumer, says Macquarie Group’s Thierry Wizman
▼ + stars: | 2023-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt will feel like a recession for the consumer, says Macquarie Group’s Thierry WizmanJanus’ Matt Person and Macquarie Group’s Thierry Wizman, joins 'Closing Bell: Overtime' to discuss the macro trends in U.S. markets.

Persons: Macquarie, Thierry Wizman Janus ’ Matt Person, Thierry Wizman

☆ China's AI 'war of a hundred models' heads for a shakeout
▼ + stars: | 2023-09-21 | by ( Josh Ye | ) www.reuters.com time to read: +5 min

Additionally, companies have also announced dozens of "industry-specific LLMs" that link to their core model. However, investors and analysts say that most were yet to find viable business models, were too similar to each other and were now grappling with surging costs. Several other big name entrepreneurs and tech executives are behind new Chinese AI startups, such as Google China's former chief Kai-Fu Lee and Yan Juejie, a former vice-president of SenseTime (0020.HK). Others said that China's largest tech companies Alibaba, Tencent and Baidu ultimately had the biggest headstart and deep pockets to succeed, given their large user bases and wide range of services. For instance, they could easily offer generative AI services as an additional plug-in to their cloud users.

Persons: Baidu's, Robin Li, Ernie Bot, Tingshu Wang, OpenAI's, Esme Pau, Pau, Yuan Hongwei, Meta, Baichuan, Wang Xiaochuan, China's, Wang, Yuan, Kai, Fu Lee, Yan Juejie, SenseTime, Tony Tung, Tung, Josh Ye, Brenda Goh, Sam Holmes Organizations: Baidu, REUTERS, HK, Huawei, Nvidia, China, Macquarie Group, Y, Baichuan Intelligence, Inc, Sogou, Google, Partners, Thomson Locations: Beijing, China, HONG KONG, Alibaba, United States, Washington, Shenzhen

☆ Macquarie, Columbia Asia among bidders for Ramsay-Sime Darby $1.3 bln healthcare JV - sources
▼ + stars: | 2023-09-13 | by ( Rishav Chatterjee | ) www.reuters.com time to read: +1 min

REUTERS/FILE/David Gray Acquire Licensing RightsSept 13 (Reuters) - Australia's Macquarie (MQG.AX) and Malaysian hospital chain Columbia Asia are among the bidders for the acquisition of a healthcare joint venture between Ramsay Health Care and Sime Darby, according to sources familiar with the matter. Ramsay Health Care (RHC.AX) and Malaysian conglomerate Sime Darby (SIME.KL) in June announced their plan to sell Ramsay Sime Darby Health Care (RSD) in a deal that could value the Asia-focused joint venture at 6 billion ringgit ($1.28 billion). Macquarie has been investing in the healthcare sector since 2005 and has been operating in Malaysia for over 24 years, while Columbia Asia has been running medical facilities across Southeast Asia with significant presence in Malaysia. Bloomberg had earlier reported that a unit of Kuala Lumpur- listed Sunway Bhd was also among the shortlisted bidders along with Columbia Asia and Macquarie. Columbia Asia, Macquarie, Sunway, Ramsay and Sime Darby did not immediately respond to a request for comment.

Persons: David Gray, Macquarie, Sime Darby, Ramsay, Ramsay Sime Darby, Rishav Chatterjee, Saumyadeb Organizations: Macquarie Group Ltd, Ramsay Health Care, Sime, Ramsay Sime, Ramsay Sime Darby Health, IHH Healthcare, KKR, Co Inc, Columbia, Bloomberg, Thomson Locations: Sydney, Australia, Columbia Asia, Malaysian, Asia, Malaysia, Southeast Asia, Kuala Lumpur, Macquarie . Columbia Asia, Macquarie, Sunway, Bengaluru, Yantoultra, Singapore

People walk past a Woolworths supermarket following the easing of restrictions implemented to curb the spread of the coronavirus disease (COVID-19) in Sydney, Australia, June 16, 2020. A day earlier, Coles said a cost blowout sent its underlying annual profit lower. Woolworths said its earnings margin from food was 6% in the year to end-June, from 5.3% a year earlier. The company gave no profit guidance except that growth in Australian food sales, its main earnings driver, remained strong although inflation was moderating. "We think the result will be taken well in the context of yesterday’s weaker result from Coles," Citi analysts said.

Persons: Loren Elliott, Coles, Brad Banducci, Jim Stanford, Byron Kaye, Nausheen, Archishma Iyer, Krishna Chandra Eluri, Stephen Coates, Muralikumar Organizations: Woolworths, REUTERS, JPMorgan, Macquarie Group, Citi, Centre, Future, Australia Institute, Thomson Locations: Sydney, Australia, Coles, Bengaluru

☆ Nvidia owns this market and demand is off the charts, says Vital Knowledge's Adam Crisafulli
▼ + stars: | 2023-08-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia owns this market and demand is off the charts, says Vital Knowledge's Adam CrisafulliAdam Crisafulli, Vital Knowledge founder and Thierry Wizman, Macquarie Group global interest rates and FX strategist, join 'Closing Bell Overtime, to talk the day's market action, the upcoming earnings slate and more.

Persons: Vital, Adam Crisafulli Adam Crisafulli, Thierry Wizman Organizations: Nvidia, Vital Knowledge, Macquarie Group

☆ Watch CNBC's full interview with Adam Crisafulli and Thierry Wizman
▼ + stars: | 2023-08-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Adam Crisafulli and Thierry WizmanAdam Crisafulli, Vital Knowledge founder and Thierry Wizman, Macquarie Group global interest rates and FX strategist, join 'Closing Bell Overtime, to talk the day's market action, the upcoming earnings slate and more.

Persons: Adam Crisafulli, Thierry Wizman Adam Crisafulli, Thierry Wizman Organizations: Vital Knowledge, Macquarie Group

☆ Morgan Stanley names 3 high-conviction global stock ideas, says one could soar 40%
▼ + stars: | 2023-08-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Morgan Stanley has identified three Asia Pacific stocks as "high conviction" and actionable trade ideas. The bank said the three stock ideas highlight "actionable, high-conviction calls" made by its equity research team in the preceding week. However, it cautioned that investors should not interpret these stock ideas as portfolios. Treating 'Three Actionable Ideas' ideas as a portfolio will subject you to the risk of losing all or a substantial portion of your investments," the bank said. Morgan Stanley said its price target was probability-weighted, giving 30% to its bull case and 60% to its base case scenarios.

Persons: Morgan Stanley, Renesas Electronics Morgan Stanley, FactSet, Macquarie, ICICI Bank Morgan Stanley, Michael Bloom Organizations: Asia, Electronics, Australia's Macquarie Group, India's ICICI Bank, Renesas Electronics, Macquarie Group, ICICI Bank Morgan, ICICI Bank Locations: Japan, U.S

☆ Macquarie flags lower quarterly profit as commodities arm flounders
▼ + stars: | 2023-07-27 | by ( Harish Sridharan | ) www.reuters.com time to read: +2 min

Macquarie's Commodities and Global Markets (CGM) unit, its biggest earner, has for several years cashed in on increasing hedging activity amid volatility in oil and gas markets. That had driven the Sydney-based firm's annual earnings to a record A$5.18 billion ($3.53 billion) in fiscal 2023 ended March. While Macquarie did not disclose a profit figure in its quarterly update, Citi Research had expected first-quarter earnings of around A$1 billion ($680.90 million). The analysts noted, however, that Macquarie's earnings may have come in below that. At the end of the quarter, Macquarie's capital surplus stood at A$10.8 billion.

Persons: Shemara Wikramanayake, Macquarie, Harish Sridharan, Navya Mittal, Echha, Subhranshu Sahu, Christopher Cushing Organizations: Macquarie, Citi, Macquarie Group, Macquarie's Commodities, Global Markets, Citi Research, Thomson Locations: Sydney, Bengaluru

Hong Kong CNN —China has promised to throw its weight behind private businesses, just days after a slew of economic data showed growth momentum had slumped. The measures include promises to break down barriers to market access for private firms, to “fully implement” a system of fair competition and to strengthen enforcement of anti-monopoly laws. “We believe that the … pivot from the top level is real, but it’s not enough to bring back the animal spirit among private companies,” Larry Hu, chief China economist at Macquarie Group, wrote in a research note. That pledge had marked a major shift from leader Xi Jinping’s years-long effort to rein in private businesses, which were perceived as too powerful and disorderly. The Nasdaq Golden Dragon China Index closed 0.7% higher, after falling in several previous trading sessions.

Persons: “, Larry Hu, Xi Jinping’s, Premier Li Qiang, Li, ”, Ma, Lei Jun Organizations: Hong Kong CNN, Communist Party, State Council, Macquarie Group, ”, Investment, Premier, Alibaba, Tencent, Nasdaq, Dragon Locations: Hong Kong, China, Beijing, New York, Dragon China, Shanghai

The House Select Committee on the Chinese Communist Party sent letters to four separate U.S. venture capital firms, including Qualcomm's venture arm, expressing "serious concern" about their investments in Chinese tech startups. The letters, which were made public on Wednesday, were sent to GGV Capital, GST Ventures, Qualcomm Ventures, and Walden International. Qualcomm Ventures, for example, made 13 investments in Chinese A.I. Walden, a smaller firm, was identified as a particularly significant backer of Chinese AI companies. He said at the time he found there was "broad support" among venture capitalists and others to keep U.S. asset managers from investing in Chinese AI firms.

Persons: Mike Gallagher, Wisconsin Republican Mike Gallagher, Raja Krishnamoorthi, Janet Yellen, Antony Blinken, Gallagher, Krishnamoorthi, SenseTime, GGV, Didi, Megvii, Abu, Walden, Intellifusion, Neil Shen helming Organizations: U.S, Capitol, Chinese Communist Party, GGV, Ventures, Qualcomm Ventures, Walden International, Wisconsin Republican, Treasury, New York Times, Qualcomm, Tiger Global Management, Tiger Global, Denglin Technology, Georgetown's Center for Security, Emerging Technology, Macquarie Group, GSR Ventures, Center for Security, Horizon Robotics, Silicon Valley, CNBC, U.S . Commerce Department, Street, Sequoia Capital, Sequoia Locations: Illinois, China, U.S, Silver, Denglin, Silicon Valley, San Francisco, Shanghai, Beijing, Singapore, Megvii, Sequoia China

☆ China extends some policies to support its troubled property market
▼ + stars: | 2023-07-11 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —China has extended some policies to bolster its ailing property market, as the country struggles to reignite economic growth. Larry Hu, chief China economist at Macquarie Group, wrote in a research note that the extension of policies on two types of loans were meant to encourage commercial banks to increase their exposure to the property sector. “[This] move will help restore confidence and bring much-needed liquidity into the property supply chain, with beneficial effects on short-term confidence,” he said. The property market is still in the midst of a historic downturn. To bolster growth, the People’s Bank of China cut its main benchmark lending rates in June for the first time in 10 months.

Persons: Larry Hu, ”, ” Stephen Innes Organizations: Hong Kong CNN, National Financial Regulatory Administration, Macquarie Group, Management, Beijing, People’s Bank of China Locations: Hong Kong, China, China’s

☆ Macquarie to divest U.S. port terminal operator Ceres
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

June 29 (Reuters) - Australian financial conglomerate Macquarie Group (MQG.AX) said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with a source familiar with the matter placing the deal value north of $900 million. The Wall Street Journal in May reported that Macquarie was looking for about $1 billion from the sale, citing sources familiar with the matter. The deal value could be at the lower end of what the Wall Street Journal reported, the source said. However, Ceres Terminals Jacksonville and Intermodal Container Transfer Facility in Jacksonville, managed by Ceres, will not be a part of the deal. They will continue to be owned by MIP III, Macquarie said.

Persons: Macquarie, MIP, MIP III, Craig Mygatt, Roushni Nair, Sameer Manekar, Rishav Chatterjee, Rashmi Aich, Subhranshu Organizations: Macquarie Group, Reuters, Street Journal, Wall Street Journal, Macquarie Infrastructure Partners, Nippon, Macquarie, Thomson Locations: Tokyo, Ceres Terminals Jacksonville, Jacksonville, Bengaluru

☆ China's yuan has fallen to the lowest rate since 2014 by one measure, and Beijing is OK with that for now, FX strategist says
▼ + stars: | 2023-06-14 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

China's yuan is at the lowest since 2022 by traditional metrics as economic growth has disappointed. But one measure of its real effective rate puts the currency at the lowest since 2014. "So valuation-wise, renminbi is starting to look cheap," a Macquarie foreign exchange strategist said. However, expectations of economic stimulus from Beijing could lift the yuan, Trang added. That's due in part to relatively low volatility in currency markets and the yuan's gradual slope downward, she said.

Persons: renminbi, —, Trang Organizations: Macquarie, Service, China Foreign Exchange Trade, People's Bank of China, Bank of International, Macquarie Group, Bloomberg, Federal Reserve, greenback Locations: Beijing, China

☆ Macquarie picks up majority stake in Coastal Waste & Recycling
▼ + stars: | 2023-06-13 | by ( Chibuike Oguh | ) www.reuters.com time to read: +1 min

FILE PHOTO: The logo of Australia's biggest investment bank Macquarie Group Ltd adorns a desk in the reception area of its Sydney office headquarters in Australia, Oct. 28, 2016. REUTERS/David Gray/File PhotoNEW YORK (Reuters) - The asset management arm of Australian bank Macquarie Group Limited has bought a majority stake in waste management firm Coastal Waste & Recycling, the bank said on Tuesday. The transaction values Coastal Waste & Recycling at about $900 million, according to people familiar with the matter. Coastal Waste & Recycling serves more than 450,000 customers mostly in Florida and Georgia, making it one of the largest waste management firms in southeastern U.S. It has invested more than $5 billion in waste management businesses in the Americas since 2007.

Persons: David Gray, Brendon Pantano, Pantano, Macquarie Organizations: Macquarie Group Ltd, REUTERS, Macquarie Group, Recycling, Boca, Capital, Equity Partners, Macquarie Asset Management Locations: Sydney, Australia, Florida, Georgia, U.S, Boca Raton , Florida, Americas, Europe, Asia

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