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New York Fed System Open Markets Account Manager Perry: The Fed’s Reserve Management Purchases (RMPs) are not a predetermined path.

2026-09-23

New York Fed System Open Markets Account Manager Perry: The Fed’s Reserve Management Purchases (RMPs) are not a predetermined path.

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2026-09-22

Daiwa raised its target price for Biren Technology (06082.HK) to HK$130 from HK$100 and reiterated a Buy, after management lifted 2027 revenue guidance to yuan 20 billion from yuan 10 billion. Daiwa said the revision reflects higher average selling p

Daiwa raised its target price for Biren Technology (06082.HK) to HK$130 from HK$100 and reiterated a Buy, after management lifted 2027 revenue guidance to yuan 20 billion from yuan 10 billion. Daiwa said the revision reflects higher average selling prices for mainstream Chinese AI chips and a bigger revenue mix from super‑pod solutions, signaling confidence in the flagship BR20x chip and order pickup. The broker raised its 2026–28 revenue forecasts by 14%, 94% and 58% to yuan 2.408bn, yuan 21.008bn and yuan 45.508bn, and upped 2027–28 net profit forecasts by 35% and 10% to yuan 4.179bn and yuan 11.967bn. The new PT implies roughly 15x 2027 price-to-sales.
2026-09-23

U.S. natural gas futures prices rose more than 5%, driven by declining production and increased liquefied natural gas exports.

U.S. natural gas futures prices rose more than 5%, driven by declining production and increased liquefied natural gas exports.
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