Earnings Digest: Feb 16, 2026 9:38 AM EST

Highlights:

• Cheng Family Settlement — Business units tied to billionaire Cheng's family have agreed to pay up to HK$1.5 billion (~$192M) to Giordano International shareholders after a Hong Kong markets regulator investigation into the firm's ownership structure. Bloomberg

• Canadian Demand for Chinese EVs — New polling shows Canadians are increasingly open to purchasing cheaper Chinese electric vehicles as PM Mark Carney moves to lower tariffs on Chinese EV imports. Bloomberg

• Saudi Crude Sales to China Jump — Saudi Arabia's March-loading crude sales to China rose after the kingdom cut its main Asian oil grade price to a five-year low. Bloomberg

• Pictet Enters South Africa — Swiss private bank Pictet opened its first-ever African office in South Africa, marking a new presence in its 220-year history as private wealth in the region grows. Bloomberg

• Saudi FDI Push — The veteran banker who helped build Saudi Arabia's debt-market program — turning the kingdom into one of the world's most prolific bond issuers — has been tasked with helping triple annual foreign direct investment to $100 billion by 2030. Bloomberg