Latest news with #capitalexpenditure
Yahoo
4 days ago
- Business
- Yahoo
TSMC Senior VP and CFO on Tariff-Related Uncertainty
TSMC plans to be cautious with capital expenditure due to tariff-related uncertainties, according to Chief Financial Officer Wendell Huang. Huang talks with Bloomberg TV's Annabelle Droulers on business opportunities, FX, the impact of tariffs on business outlook and more. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
5 days ago
- Business
- Zawya
Flynas: AlJazira Capital assigns ‘Overweight', sets SAR 94.70 target price
AlJazira Capital has initiated coverage on Saudi budget carrier Flynas Co., assigning an 'Overweight' rating. The brokerage expects Flynas's gross debt to rise to SAR 3.2 billion ($853.11 million) by 2029, up from SAR 425 million in 2024. The increase in debt will happen as the airline enters a phase of high capital expenditure, scaling both narrow-body and wide-body fleets. Capex is expected to rise from SAR 475 million in 2024 to a peak of SAR 2.7 billion in 2027, reflecting large aircraft acquisitions and pre-delivery payments. The company is also strategically transitioning toward owning 15% of its fleet by 2030, compared to its previous fully leased model, the brokerage said. Lease liabilities are expected to double from SAR 5.8 billion in 2024 to SAR 11.4 billion in 2029. Flynas' strong cash flow generation and negative working capital model provide support for liquidity and funding requirements throughout the investment cycle, the report stated. The stock closed nearly 2% higher at SAR 76.25 on Thursday.
Bloomberg
5 days ago
- Business
- Bloomberg
TSMC ‘Prudent' About Spending With Macro Uncertainties, CFO Says
Taiwan Semiconductor Manufacturing Co. plans to be cautious with capital expenditure due to tariff-related uncertainties, according to Chief Financial Officer Wendell Huang. The company on Thursday reported better-than-expected growth, profit and margin numbers for the June quarter, but is not increasing its spending even as capacity remains tight. Executives, including Huang, said the underlying demand for artificial intelligence chips remains robust and is growing stronger, but they decided to be somewhat conservative with their outlook due to broader geopolitical and economic concerns.
Yahoo
6 days ago
- Business
- Yahoo
Growth in municipal water investment steady but industry takes a hit amid US tariff uncertainty
OXFORD, United Kingdom, July 17, 2025 (GLOBE NEWSWIRE) -- The latest global water market forecast from Global Water Intelligence (GWI) extends projections to 2030, expecting global capital expenditure on water infrastructure to grow at a 3.8% 5-year CAGR despite the shock from United States trade tariffs. New data from GWI shows that despite uncertainty over the tariffs imposed by the US administration, urgent global drivers like water security concerns, regulation and ageing infrastructure mean utility spending has remained relatively insulated, with more impacts being felt in industrial water spending. GWI anticipates that heavy industries like chemicals manufacturing, refining & petrochemicals and other industrial manufacturing (including steel and automotives) are likely to be most negatively impacted by the global economic uncertainty, with a reduced water spending outlook as a result. However, the buildout of data centres to support AI is translating into growing water-related spending in related industries such as power generation. GWI has revised its forecast to account for higher growth in water capital expenditure for power generation in key data centre markets such as the US. Meanwhile, a combination of regulatory pressure, increasing water stress concerns and a rush to use EU money as a funding cycle ends is expected to see Europe's utility capital expenditure growth to 2030 outpace that of North America and East Asia/Pacific. The Middle East and Africa and Latin America are also expected to see solid growth on the back of water and wastewater treatment buildouts to expand service provision and address water scarcity. GWI forecasts are updated quarterly and are broken out by CAPEX vs OPEX, region, country, application, sector & technology. Access full forecast data dashboards or book a demo directly at For general enquiries contact sales@ About Global Water Intelligence Global Water Intelligence (GWI) is the leading market intelligence and events company serving the international water industry. Over the last 25 years we have built our business around being a trusted interface between our clients and their markets, providing our customers with high-level intelligence that enables them to make the most informed strategic decisions for their business. We cover municipal markets and every industrial vertical as well as technology, finance, and economics. CONTACT: Malin HedlundCOMPANY: Global Water IntelligencePHONE: 01865 204208 EMAIL: sales@ in to access your portfolio
Zawya
7 days ago
- Business
- Zawya
What's Next for African Upstream? African Energy Week (AEW) 2025 to Explore 2026 Market Trends
With Africa's upstream capital expenditure expected to reach $54 billion by 2030, the continent is gearing up for significant growth. A rise in frontier drilling, untapped resources in proven petroleum plays in tandem with growing global demand for sustainable fuels is expected to drive spending, with African licensing rounds further supporting investments. Amid this growth, key challenges come to the fore, including access to financing and maximizing output at mature fields. As such, the question remains: what's next for African upstream? This year's African Energy Week (AEW): Invest in African Energies conference – taking place September 29 to October 3 in Cape Town – will feature a series of presentations and panel discussions tackling this very question. A panel discussion on Frontier Plays Within Africa's Mature Basins will examine strategies for unlocking additional reserves at mature assets. Speakers include Katrina Fisher, Managing Director at ExxonMobil Angola; Layi Fatona, Chairman of the Board, Renaissance Africa Energy Company; and Osayande Igiehon, Managing Director and CEO, Heirs Energies. As operators focus on perseverance and value creation from late-life assets, the session will explore the benefits of repurposing mature fields to meet anticipated energy demand. Ahead of the panel discussion, Dan Pratt, Head of Upstream Solutions at global energy and commodities information provider S&P Global Commodity Insights, will deliver a presentation on What's Next for African Upstream in 2026. The presentation will unpack key challenges and opportunities across the continent's upstream market. Additionally, Tony Attah, Managing Director and CEO of Renaissance Africa Energy Company, will participate in a Fireside Chat, delving into ongoing projects and future investment strategies. In 2026, Africa's upstream sector is set to receive a major boost, with investments by companies such as ExxonMobil set to unlock new reserves as mature fields. In Angola, the company targets greater production at legacy assets, leveraging policies such as the Incremental Production Initiative to bolster output. In June 2025, the company signed a production sharing contract extension for Block 17 offshore Angola. The extension enables the ongoing use of existing infrastructure and technical expertise to maximize value from the mature field. This follows a discovery made by ExxonMobil in 2024 at the Likember-01 research well. The first find under the country's Incremental Production Initiative, the discovery showcases the potential for greater production. Meanwhile, Renaissance Africa Energy Company – a consortium of independent oil and gas companies – is also positioning itself at the forefront of Africa's upstream sector. The company is investing $15 billion across 32 oil and gas projects over the next five years, aiming to establish itself as a prominent player in Nigeria's Niger Delta region. This follows the $1.3 billion acquisition of Shell Petroleum Development Company of Nigeria, affirming the company's role in the country's upstream sector. For Heirs Energies, investing in both producing and exploration assets is a top priority. As operator of OML 17 in Nigeria, the company has doubled production from 25,000 barrels per day (bpd) to 50,000 bpd since the block's acquisition from Shell in 2021. Looking ahead, the company strives to replicate this success in other markets and is eyeing new investment opportunities in the Republic of Congo – one of Africa's biggest oil producers. The AEW: Invest in African Energies 2025 panel discussions and presentations will explore the impact these investments will have on Africa's upstream sector. Insights into anticipated drilling campaigns, upcoming projects and challenges will be shared, providing a comprehensive overview of the continent's upstream market. Distributed by APO Group on behalf of African Energy Chamber. About AEW: Invest in African Energies: AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event.
