Kingboard Holdings Shares Surge After HK$11.77 Billion Block Trade to Expand PCB and AI Supply Chain Business 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
Hyundai to Acquire SoftBank’s Remaining Boston Dynamics Stake for $325 Million 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
BOJ Rate Hike Expectations Rise as Weak Yen and Strong U.S. Jobs Data Increase Pressure 
Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
Saudi Aramco Explores Sulphur Business Stake Sale to Raise Billions 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
Carro Expands Into Australia With Acquisition of Used-Car Platform CarPlace 
SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow 
BHP Shares Fall as Jansen Potash Project Costs Surge 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
Macquarie Group (OTC: MQBKY), Australia’s top investment bank, downplayed its exposure to the U.S. green energy sector after recent executive orders from President Donald Trump disrupted the industry. The bank, which generates a third of its profit in the Americas, reported a flat third-quarter profit.
CEO Shemara Wikramanayake stated that Macquarie has minimal U.S. green energy investments, with existing assets largely unaffected by policy changes. Some assets benefit from tax credits, which remain unchanged, while others rely on disbursements that have been legally committed. The bank has no exposure to U.S. offshore wind projects, a sector impacted by Trump’s freeze on new permits.
Macquarie’s review of its U.S. operations aligns with global trends as companies assess the shifting regulatory landscape, including tariffs on steel and aluminum introduced this week.
The bank’s quarterly profit remained unchanged year-over-year, with growth in asset management, capital markets, and Australian retail banking offset by declining earnings in its energy trading division. Macquarie, one of North America's largest gas marketers, saw a slowdown in energy trading profits as market volatility subsided following extreme weather events and geopolitical disruptions.
Despite the mixed results, Macquarie shares rose 2.4% by midsession, outperforming the broader Australian market’s 0.25% gain. The bank did not disclose specific financial figures or provide forward guidance in its limited quarterly update.
