RBA Headquarters Renovation to Outlast Governor in Cost Blowout
The Reserve Bank's new governance board reviewed the ballooning costs at a meeting earlier this week and weighed whether the project should proceed, according to documents released Wednesday. The completion date has now been pushed back to mid-2031, nearly a year after Governor Michele Bullock's seven-year term ends.
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Cognizant, Temenos team up for core banking solutions in Australia
Cognizant has entered into a five-year partnership with Temenos for the development and marketing of the Temenos Country Model Bank within Australia. This initiative aims to expedite the implementation process for financial institutions by offering a core banking platform that is pre-configured and tailored to regional needs. In Australia, financial institutions are grappling with heightened regulatory demands and outdated systems that hinder their operational flexibility, stated Cognizant. Temenos Country Model Bank will harness the capabilities of Temenos' cloud-native banking solutions and Cognizant's expertise in implementation to facilitate a transition to modern banking practices. Cognizant, designated as the preferred upgrade partner in Australia, intends to further refine the regional functionalities of the Country Model Bank to better serve the specific requirements of local financial entities. Temenos APAC managing director Will Dale said: 'We are delighted to collaborate with Cognizant, strengthening our commitment to delivering agile and future-ready banking solutions in Australia.' Cloud-native banking modernisation involves migrating to the cloud to improve security, scalability, and performance for Australian banks. This approach allows for near-seamless platform updates, minimising downtime and enhancing banking reliability, according to the company. Additionally, Cognizant is set to provide comprehensive software delivery for Temenos, managing end-to-end implementations that include consulting, integration, upgrades, maintenance, and ongoing support. The partnership also aims to deliver market-ready core banking solutions through a pre-configured framework that aligns with the requirements of the Australian financial sector. Cognizant Australia country manager Rob Marchiori said: 'The expansion of our strategic engagement with Temenos is set to accelerate banking innovation in Australia, integrating emerging technologies into core banking operations. 'Not only will this relationship add value for existing Temenos clients through product innovation and engineering, it is also expected to create new opportunities aligning with our strategic priority of building our banking solutions and portfolio in Australia.' "Cognizant, Temenos team up for core banking solutions in Australia" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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Canadian Solar Lowers Outlook, Warns Of Challenging Second Half
Canadian Solar Inc. (NASDAQ:CSIQ) shares fell Thursday after the company reported second-quarter 2025 revenue of $1.69 billion, up 4% year over year but below the $1.95 billion consensus estimate. The company reported a net loss of 8 cents per share, compared with earnings of 2 cents a year earlier. The company posted an adjusted loss of 53 cents per share, which missed analyst expectations of a $1.61 profit. Total module shipments reached 7.9 GW, up 14% sequentially and down 4% year over year, with the U.S., China, Pakistan, Spain, and Australia as top margin widened to 29.8% from 17.2% a year earlier, exceeding guidance of 23% to 25%, aided by storage contributions, a U.S. anti-dumping and countervailing duty true-up adjustment, and a U.S. project sale. Gross profit rose to $505 million from $282 million a year ago. Operating expenses increased to $377.59 million, primarily due to asset impairments. Operating cash inflow was $189 million, compared with an outflow of $429 million a year earlier. The company ended the quarter with $2.3 billion in total cash and $6.3 billion in debt, including $1.8 billion in non-recourse borrowings. View more earnings on CSIQ By segment, CSI Solar delivered $1.59 billion in revenue, led by $1.02 billion from modules and $432 million from storage. Recurrent Energy contributed $104 million, with $48 million from project sales and $37 million from electricity and storage operations. CSI Solar reported a $3 billion e-STORAGE contracted backlog, while Recurrent Energy's development pipeline stood at 27.3 GWp of solar and 80.2 GWh of storage. Outlook For the third quarter, Canadian Solar expects revenue of $1.3 billion to $1.5 billion, below the $1.63 billion estimate, and gross margin of 14% to 16%. For the full year, it lowered sales guidance to $5.6 billion to $6.3 billion from $6.1 billion to $7.1 billion, short of the $6.33 billion consensus. Module shipments are forecast at 25 GW to 27 GW, with storage at 7 GWh to 9 GWh. Dr. Shawn Qu, Chairman and CEO, said, 'We expect third quarter margins to moderate as difficult market conditions persist, and storage profitability reflects more recent orders at normalized levels. We narrowed our full-year module volume guidance and maintained our storage volume guidance, supported by increased visibility into the second half. Full-year revenue expectations have been adjusted to reflect certain project sales shifting into 2026 and a more measured view on module pricing. The second half will remain challenging, with rising solar supply chain prices and ongoing trade uncertainties. We will continue to navigate these conditions with discipline, maintaining a prudent balance between growth and profitability.' Price Action: CSIQ shares were trading lower by 13.02% to $11.09 premarket at last check Thursday. Read Next:Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? CANADIAN SOLAR (CSIQ): Free Stock Analysis Report This article Canadian Solar Lowers Outlook, Warns Of Challenging Second Half originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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Global Penny Stocks Spotlight: NanJi E-Commerce And Two Other Picks
As global markets react to U.S. inflation data and interest rate cut speculation, investors are keeping a close watch on economic indicators that could influence future monetary policy decisions. In this climate, penny stocks—often smaller or newer companies—remain an intriguing area for those willing to look beyond the well-known names. While the term "penny stocks" might seem outdated, these investments can still offer compelling opportunities when backed by strong financial health and balance sheet resilience. Top 10 Penny Stocks Globally Name Share Price Market Cap Financial Health Rating Cloudpoint Technology Berhad (KLSE:CLOUDPT) MYR0.70 MYR372.12M ★★★★★★ Lever Style (SEHK:1346) HK$1.63 HK$1.01B ★★★★★★ GTN (ASX:GTN) A$0.39 A$75.31M ★★★★★★ TK Group (Holdings) (SEHK:2283) HK$2.61 HK$2.21B ★★★★★★ Angler Gaming (NGM:ANGL) SEK3.60 SEK269.95M ★★★★★★ CNMC Goldmine Holdings (Catalist:5TP) SGD0.625 SGD253.31M ★★★★★☆ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.83 SGD11.14B ★★★★★☆ Zetrix AI Berhad (KLSE:ZETRIX) MYR0.875 MYR6.73B ★★★★★☆ Begbies Traynor Group (AIM:BEG) £1.17 £185.96M ★★★★★★ Netgem (ENXTPA:ALNTG) €0.946 €31.9M ★★★★★★ Click here to see the full list of 3,780 stocks from our Global Penny Stocks screener. Here's a peek at a few of the choices from the screener. NanJi E-Commerce Simply Wall St Financial Health Rating: ★★★★★★ Overview: NanJi E-Commerce Co., LTD operates in China, offering brand licensing and comprehensive mobile Internet marketing services, with a market cap of CN¥8.79 billion. Operations: The company generates revenue of CN¥3.37 billion from its operations in China. Market Cap: CN¥8.79B NanJi E-Commerce Co., LTD, with a market cap of CN¥8.79 billion and revenue of CN¥3.37 billion, operates without debt, which is advantageous for financial stability. The company's short-term assets significantly exceed both its short and long-term liabilities, indicating solid liquidity management. However, it remains unprofitable with increasing losses over the past five years and a negative return on equity of -7.18%. Despite this, earnings are forecast to grow substantially at 74.54% annually. Recent amendments to the company's articles suggest strategic shifts while dividends remain inadequately covered by earnings or free cash flows. Click to explore a detailed breakdown of our findings in NanJi E-Commerce's financial health report. Review our growth performance report to gain insights into NanJi E-Commerce's future. Guizhou Xinbang Pharmaceutical Simply Wall St Financial Health Rating: ★★★★★★ Overview: Guizhou Xinbang Pharmaceutical Co., Ltd. is engaged in the research, development, manufacturing, and sale of Chinese herbal medicines and other pharmaceutical products both domestically and internationally, with a market cap of CN¥7.13 billion. Operations: No specific revenue segments have been reported for the company. Market Cap: CN¥7.13B Guizhou Xinbang Pharmaceutical, with a market cap of CN¥7.13 billion, shows financial resilience despite challenges. The company has experienced negative earnings growth over the past year and five years, impacted by a significant one-off loss of CN¥65.5 million. However, it maintains strong liquidity with short-term assets exceeding both short and long-term liabilities and more cash than debt. The management team is seasoned with an average tenure of 10.3 years, although the board lacks experience at 1.9 years on average. Trading below estimated fair value offers potential appeal despite low return on equity and declining profit margins. Navigate through the intricacies of Guizhou Xinbang Pharmaceutical with our comprehensive balance sheet health report here. Understand Guizhou Xinbang Pharmaceutical's track record by examining our performance history report. Dongguan Kingsun OptoelectronicLtd Simply Wall St Financial Health Rating: ★★★★★★ Overview: Dongguan Kingsun Optoelectronic Co., Ltd. manufactures and sells LED lighting products both in China and internationally, with a market cap of CN¥3.37 billion. Operations: The company generates revenue primarily from its Semiconductor Lighting segment, totaling CN¥412.79 million. Market Cap: CN¥3.37B Dongguan Kingsun Optoelectronic Co., Ltd., with a market cap of CN¥3.37 billion, shows financial stability despite being unprofitable. The company benefits from a robust cash position, supporting operations for over three years without additional funding. Short-term assets of CN¥1.4 billion comfortably cover both short and long-term liabilities, indicating strong liquidity management. Although the board is relatively new with an average tenure of 2.2 years, the management team brings experience at 3.2 years on average. Shareholders have not faced significant dilution recently, and the company remains debt-free while reducing losses by 15% annually over five years. Click here and access our complete financial health analysis report to understand the dynamics of Dongguan Kingsun OptoelectronicLtd. Review our historical performance report to gain insights into Dongguan Kingsun OptoelectronicLtd's track record. Make It Happen Jump into our full catalog of 3,780 Global Penny Stocks here. Ready For A Different Approach? Uncover 13 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SZSE:002127 SZSE:002390 and SZSE:002638. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
