09 May 2026

Citadel is increasing its focus on Miami operations while concerns grow over a proposed tax in New York City targeting high-value second homes. CEO Ken Griffin criticised the move and raised concerns about its impact on business sentiment. Other industry leaders also warned that such taxation could influence job creation and investment decisions. Meanwhile, policymakers are working on valuation methods to implement the tax, which is expected to affect thousands of properties. Experts remain divided on its effectiveness due to gaps between assessed and market property values.Read more

09 May 2026

New Zealand-based Infratil saw its shares reach a record high after its associate, CDC Data Centres, secured a major 555-megawatt contract with a U.S. client. The deal has taken CDC’s total contracted capacity beyond one gigawatt, reflecting strong global demand for data infrastructure. The long-term agreement and planned capacity rollout over the next few years highlight growing investment in Australasia’s data centre market, supported by renewable energy access and stable conditions.Read more

09 May 2026

DigiCo Infrastructure has announced the sale of its Chicago data centre for USD 750 million, aiming to reduce debt and strengthen liquidity while funding its Sydney expansion. The deal, expected to close in the first quarter of fiscal 2027, has significantly boosted investor confidence, pushing the company’s shares up over 25 percent. The transaction will lower net debt and improve cash reserves. DigiCo is also exploring monetisation of its Los Angeles assets and may return excess cash to investors, while maintaining its earnings outlook for fiscal 2026.Read more

09 May 2026

Sri Lankan equities ended the trading session higher on Monday, supported by strength in healthcare and real estate stocks. The CSE All Share index advanced 0.65% to close at 22,695, with SMB Finance PLC and HDFC Bank of Sri Lanka leading gains. Market activity showed lower trading volumes compared to the previous session, though turnover increased to 4.81 billion Sri Lankan rupees (USD 15.1 million). Foreign investors continued to sell equities worth 2.46 billion rupees, while domestic investors provided support with net purchases of 4.8 billion rupees, reflecting mixed participation trends.Read more

09 May 2026

Blue Owl reported better-than-expected earnings for the past quarter, supported by steady fee-related income and growth in assets under management. The firm raised USD 11 billion in new capital and saw AUM rise 15% to nearly USD 315 billion. While concerns persist around retail investor withdrawals and exposure to software-linked private credit, the company’s performance indicates continued demand. Despite market volatility and a recent decision to limit fund withdrawals, industry players maintain that private credit fundamentals remain stable, with institutional and private wealth inflows supporting long-term growth.Read more

08 May 2026

Larsen & Toubro expects its revenue growth to moderate to 10–12% in the current fiscal, mainly due to disruptions in the Middle East, a key market contributing around 40% of its order backlog. Ongoing geopolitical tensions have impacted project execution, delayed shipments and payments, and increased logistics and input costs. The company indicated that these pressures may continue in the near term. Despite this, L&T maintains a stable margin outlook and steady order book growth expectations, supported by a diversified portfolio and strong domestic demand pipeline.Read more

08 May 2026

Sam Woo Construction Group Ltd has indicated that it expects to report a profit of at least HKD 50 million for the financial year ended March 2026. The company’s improved performance has been supported by strong contributions from key ongoing projects, particularly work on Lantau Island. This marks a notable improvement compared to previous periods, reflecting better project execution and revenue recognition. The update signals stable business momentum for the Hong Kong-based contractor, supported by infrastructure activity and project completions across its portfolio during the financial year.Read more

08 May 2026

Sentinel Midstream has moved ahead with construction of its Texas GulfLink deepwater oil export project off the Texas coast, marking a rare large-scale development in recent years. The project, backed by funding under the US-Japan trade agreement, is expected to begin operations by late 2028. The development comes as demand for US crude rises in Asia due to supply disruptions in the Middle East. Once operational, the facility will be capable of fully loading supertankers, addressing a key infrastructure gap and supporting the expansion of US oil exports globally.Read more

08 May 2026

EDP Renewables reported a 9% rise in recurring net profit, supported by higher power generation and reduced operating costs. The company outperformed market expectations, even as electricity prices in Europe remained under pressure. Growth was largely driven by North America, which continues to contribute the majority of output. While revenues stayed stable, improved efficiency and controlled expenses helped strengthen earnings. The company also expanded its installed capacity and continues to invest in new renewable projects. However, a rise in net debt reflects ongoing capital deployment for future growth across global markets.Read more

08 May 2026

Thailand’s investment board has approved six major projects with a combined value of USD 29 billion, led by a USD 25 billion data infrastructure investment by TikTok’s local unit. The proposal involves expanding data centres and server capacity across Bangkok, Samut Prakan and Chachoengsao to support rising digital demand. The approvals also include other strategic investments aimed at strengthening the country’s industrial and digital ecosystem. The move reflects Thailand’s push to position itself as a regional hub for data infrastructure and technology services, with large-scale capital deployment expected to influence industrial real estate demand and infrastructure development.Read more