07 May 2026

NEXTDC Limited has secured AUD 1.8 billion (approximately USD 1.29 billion) in new senior debt facilities to fund capital expenditure linked to recent customer contract wins and ongoing data centre developments, the company said on May 5. The financing follows a recent AUD 1.5 billion entitlement offer and a further AUD 700 million commitment from Canadian investor La Caisse. Upon financial close, NEXTDC’s total available senior debt capacity is expected to rise to AUD 8.2 billion. The move comes amid a sharp increase in contracted utilisation, which reached 667 megawatts as of late March, reflecting growing demand for data centre infrastructure.Read more

07 May 2026

Brookfield Asset Management has entered into an agreement with The Nuclear Company to establish a joint venture focused on developing nuclear power projects using reactor technology from Westinghouse Electric Company. Announced on May 4, the partnership will combine Brookfield’s capabilities in asset management and energy infrastructure with nuclear project delivery expertise, including engineering oversight and licensing support. The venture is expected to advance projects centred on AP1000 and AP300 reactors amid increasing global demand for low-carbon electricity. The move aligns with broader efforts by governments and investors to revive nuclear energy as a stable, emissions-free power source. The companies aim to finalise agreements in the coming months, subject to regulatory approvals, while also taking on a role in a proposed project in South Carolina.Read more

07 May 2026

Companies across Australia and New Zealand are reporting early financial strain due to the ongoing U.S.-Israeli conflict involving Iran. Rising fuel prices, disrupted supply chains, and weak consumer sentiment are impacting sectors such as aviation, banking, construction, and retail. Airlines have increased fares and cut capacity, while banks are setting aside higher provisions. Businesses are also facing freight cost increases and operational challenges. Some firms have revised earnings forecasts, paused investments, or introduced cost-saving measures. The situation is adding pressure to inflation and slowing business activity across the region.Read more

07 May 2026

Builders FirstSource has revised its 2026 revenue forecast downward due to continued weakness in the residential housing market. The company reported lower-than-expected first-quarter earnings and a decline in net sales compared to the previous year. Housing demand has remained under pressure because of high property prices and elevated interest rates, affecting affordability for buyers. Alongside the revised outlook, the company has also approved additional share buybacks, taking its total repurchase authorization to USD 500 million. The update reflects broader challenges being faced by construction and housing-related businesses.Read more

07 May 2026

Caterpillar Inc. has increased its annual and long-term revenue forecasts, supported by strong demand from AI-led data centre expansion and infrastructure development. Growth in its power generation and construction segments has driven higher sales, while its order backlog reached a record USD 62.7 billion. The company also reported better-than-expected quarterly results, with revenue and profit surpassing market estimates. At the same time, it lowered the expected financial impact from tariffs after policy changes. The performance highlights Caterpillar’s role as a key indicator of global industrial activity.Read more

07 May 2026

Tauron Polska Energia has received approval to build a new cogeneration plant in Lagisza, Bedzin, while its subsidiary Tauron Ciepo secured support for four units in a recent cogeneration premium auction. The total capacity of these units exceeds 100 MW. The company expects to generate around PLN 2.5 billion in revenue from the premium mechanism over the support period. Winning bids in the auction were priced between PLN 249.92 per MWh and PLN 274.77 per MWh. The development aligns with Tauron’s ongoing efforts to strengthen efficient heat and power generation.Read more

07 May 2026

Canada’s economy recorded a 0.2% monthly growth in February, marking the fourth consecutive increase and aligning with market expectations. The growth was largely driven by strong performance in manufacturing, wholesale trade, and the mining and oil and gas sectors. Despite global uncertainties, including U.S. tariffs and geopolitical tensions, the economy has remained stable. However, sectors such as agriculture, construction, and public administration saw a decline. Early estimates suggest flat growth in March, with first-quarter GDP projected to expand at an annualised rate of 1.7%, slightly above central bank estimates.Read more

07 May 2026

Martin Marietta Materials reported improved financial performance in the first quarter, supported by strong pricing and continued demand from infrastructure and non-residential construction. The company benefited from increased activity linked to data centres and early construction momentum in key regions. Profit per share came in slightly above market expectations, while revenue saw a notable year-on-year rise. The company has also issued a steady revenue outlook for the full year, with projections slightly exceeding analyst estimates, indicating continued confidence in infrastructure-led demand.Read more

07 May 2026

Bewi Invest ASA has acquired a light industrial property in Oppdal through its subsidiary Corvus Estate AS. The transaction reflects the company’s continued focus on expanding its real estate portfolio, particularly in industrial and logistics assets. While financial details of the deal were not disclosed, the acquisition aligns with Bewi Invest’s broader strategy of investing in income-generating properties. Oppdal, known for its strategic location and growing commercial activity, has seen rising interest from investors in recent years.Read more

07 May 2026

Wing Tai Holdings’ unit, along with Metrobilt Construction, has secured a residential land tender from Singapore’s Urban Redevelopment Authority at a bid price of SGD 533 million. The two companies will form a joint venture to develop the site into a housing project. The deal reflects continued developer interest in Singapore’s residential market despite cost pressures. Wing Tai, known for its premium residential projects, is expanding its development pipeline through this partnership. The project is expected to add to the city’s upcoming housing supply and aligns with ongoing urban planning efforts.Read more