Reported 19 days ago
Following Donald Trump's re-election, Ukraine's dollar bonds experienced a significant surge as his pledges to expedite peace efforts with Russia came to light. As the bonds approached pre-invasion values, investors showed optimism about potential resolution to the conflict, despite ongoing obstacles. Ukrainian President Zelenskiy expressed hope that Trump's strong US support could facilitate negotiations, although both nations maintain firm stances on territorial claims.
Source: YAHOO
Reported 19 days ago
Donald Trump's return to the political scene has reignited concerns over the potential market volatility linked to his social media activity. Following his election victory, the dollar surged, the S&P 500 hit record highs, and Treasury yields rose as traders braced for the inflation effects of newly proposed tariffs. Investors are closely watching Trump's posts on Twitter and his platform Truth Social, anticipating that his protectionist policies could create a tumultuous trading environment reminiscent of his first term, during which his tweets often caused significant market fluctuations.
Source: YAHOO
Reported 19 days ago
KKR & Co. is exploring the sale of a controlling stake in JB Chemicals & Pharmaceuticals Ltd. through a potential $750 million block trade, with possibilities to increase up to $1 billion depending on investor interest. The private equity firm currently holds nearly 54% of JB Pharma and may reduce its stake to around 25%. The company has seen a significant rise in its stock value, approximately 16% this year, and KKR intends to initiate the sale shortly, although no final decisions have been made.
Source: YAHOO
Reported 19 days ago
Brazil’s central bank is expected to raise its key interest rate by 0.5% on Wednesday, doubling the previous increase, amidst growing concerns over public spending and rising inflation estimates. Despite record growth in the economy driven by President Lula’s policies, the real has depreciated significantly, prompting fears about fiscal restraint. The bank's upcoming decisions will reflect a cautious approach to tightening monetary policy while factoring in the broader economic and political landscape.
Source: YAHOO
Reported 19 days ago
Chancellor Olaf Scholz of Germany announced the dismissal of Finance Minister Christian Lindner, marking the collapse of the coalition government amid ongoing disputes regarding solutions for the struggling economy. Scholz aims to call for a parliamentary vote of confidence in January that could potentially lead to early elections, as his administration faces criticism over its handling of economic decline and lack of decisive action. Lindner and his Free Democrats opposed proposals for tax increases and significant state investment, further straining coalition relations.
Source: YAHOO
Reported 19 days ago
Donald Trump's victory in the U.S. presidential election spurred a significant rally in the stock market, notably boosting shares of Tesla and financial institutions. Investors anticipate lower corporate taxes and deregulation, driving major indexes like the Dow Jones and S&P 500 to record highs. The Trump Media & Technology Group also saw a surge, while Trump's pro-business policies promise a more favorable environment for investments and capital expenditures. Meanwhile, other sectors like electric vehicles and retail faced pressures amid concerns over regulatory changes and tariffs.
Source: YAHOO
Reported 19 days ago
Iran's currency, the rial, has hit an unprecedented low of 703,000 rials to the dollar following Donald Trump's re-election as U.S. president. This significant decline raises concerns about Tehran's economic stability amid ongoing geopolitical tensions and international sanctions. With past rates showing stark contrasts to the current crisis, some Iranians fear that sanctions will intensify, while government officials aim to downplay the election's impact on their policies. The situation reflects a broader struggle for Iran amidst its involvement in regional conflicts and strained relations with Israel.
Source: YAHOO
Reported 19 days ago
Chinese stocks and the yuan experienced significant declines as Donald Trump’s victory over Kamala Harris in the U.S. presidential race raised concerns about increased trade tensions. The CSI 300 Index fell 0.5%, with Hong Kong's Hang Seng Index dropping by 2.3%. Investors are wary of Trump's potential tariffs and policies that could hinder China’s economic recovery, especially in technology and export sectors, prompting a cautious stance among foreign investors.
Source: YAHOO
Reported 19 days ago
Workers at Volkswagen's Osnabrueck plant are staging new warning strikes as part of regional protests over pay, highlighting increasing tensions related to potential factory closures under restructuring plans. This follows recent strikes and reflects the demands of the IG Metall union for a 7% pay raise, which employers have deemed unrealistic amid ongoing cost-cutting measures.
Source: YAHOO
Reported 19 days ago
Iran's currency, the rial, has fallen to an all-time low as Donald Trump approaches a potential victory in the U.S. presidential race.
Source: YAHOO
Reported 19 days ago
Following Donald Trump's election victory, U.S. stock markets, bitcoin, and major banks experienced significant gains, with the S&P 500 rising 2.5% and the Dow Jones surging by 1,508 points. Investors speculate that Trump's policies could stimulate economic growth but also exacerbate inflation, particularly through proposed tariff increases. While sectors like renewable energy faced losses, stocks tied to Trump's agenda, such as banks and cryptocurrency, climbed amid expectations of a more business-friendly environment.
Source: YAHOO
Reported 19 days ago
The British government has mandated that the China-registered firm Future Technology Devices International Holding Ltd divest 80.2% of its stake in the Scottish chip company FTDI due to national security concerns, citing risks associated with UK-developed semiconductor technology and intellectual property.
Source: YAHOO
Reported 19 days ago
Donald Trump's recent election victory led to a significant rally in Wall Street, with major stock indexes hitting record highs and the dollar experiencing its largest one-day gain in four years. Bitcoin also reached a new all-time high amid expectations of economic policies favoring risk assets. However, concerns over potential higher tariffs under Trump's administration have created worries about the impact on global trade and economic growth, particularly in Europe and China.
Source: YAHOO
Reported 19 days ago
Following a recent election, Republicans are expected to regain control of the Senate, which historically correlates positively with stock market performance. Analysis shows that from 1946 to 2020, Republican Senate leadership resulted in an average annual return of 11.3% for the Dow Jones Industrial Average, compared to 6.3% under Democratic control. The expectation of no corporate tax increases under a GOP Senate may also incentivize significant stock buybacks by major corporations, potentially benefiting investors.
Source: YAHOO
Reported 19 days ago
U.S. stocks reached record highs on Wednesday following Donald Trump's victory in the presidential election over Kamala Harris. The Dow Jones surged by 3.5%, adding about 1,500 points, while the S&P 500 and Nasdaq also hit new peaks. Trump's win is expected to positively impact financial sectors, with notable gains in regional banks and tech stocks like Tesla, which rose over 14%. However, clean energy and Chinese stocks faced declines, influenced by anticipated changes in tariffs and regulations.
Source: YAHOO
Reported 19 days ago
Chinese electric vehicle manufacturer Xpeng has launched its extended-range hybrid technology, aiming to improve sales and profitability by offering a product that is more cost-competitive than traditional EVs. This new system allows vehicles to drive over 1,400 kilometers using a combination of electric power and an internal combustion engine for battery recharging. As the demand for such vehicles rises globally due to varying infrastructure development, Xpeng joins other manufacturers like Li Auto and Nio in focusing on this technology to address market needs.
Source: YAHOO
Reported 19 days ago
Abu Dhabi National Oil Co. (Adnoc) has finalized a 15-year liquefied natural gas (LNG) supply agreement with Germany's SEFE, commencing in 2028. This deal involves the sale of 1 million tons of LNG annually and signifies the UAE's growing role as a key fuel supplier in response to Europe's energy needs, particularly as Germany seeks to supplement its energy mix amidst reduced gas supplies from Russia.
Source: YAHOO
Reported 19 days ago
Mexico's peso fell to its lowest level in over two years, trading at 20.2048 per dollar after initial plummet following Donald Trump's election win. Analysts suggest that the decline was exaggerated, though concerns remain regarding the U.S. economic influence on Mexico. The currency has weakened more than 18% this year, prompting some experts to view recent drops as potential investment opportunities, despite ongoing volatility and uncertainty about future trade policies.
Source: YAHOO
Reported 19 days ago
PG&E Corp. has cut power to nearly 25,000 customers across Northern California as strong winds and low humidity heighten wildfire risks. The utility announced service interruptions affecting 16 counties, primarily due to concerns of electric lines entangling with trees or igniting dry brush. The National Weather Service has issued a red flag warning for the area, predicting gusts of up to 50 mph. This precautionary measure follows PG&E's past issues with wildfires linked to its equipment.
Source: YAHOO
Reported 19 days ago
Malaysia has decided to keep its benchmark interest rate steady at 3%, a move anticipated by economists due to stable growth and inflation forecasts. The central bank, Bank Negara Malaysia, supports this decision as economic indicators suggest sustained strength driven by domestic spending and exports. While there are potential risks from global volatility and policy changes, inflation remains manageable, leading BNM to likely maintain current rates into 2025.
Source: YAHOO
Reported 19 days ago
Toyota Motor Company reported its first quarterly profit drop in two years, attributed to decreased sales and production issues in key markets including Japan and the U.S. Although the company experienced strong profits from hybrid vehicles earlier in the year, recent quality problems at its truck division and intense competition from Chinese automakers have hindered its growth. As a result, Toyota has lowered its production target for the fiscal year and is implementing strategies to enhance production efficiency moving forward.
Source: YAHOO
Reported 19 days ago
Honda Motor Co. announced a nearly 20% drop in profits for the first half of the fiscal year compared to last year, driven by reduced car sales in China despite increased motorcycle sales in Asia. The company's profits fell to 494.68 billion yen ($3.2 billion) from 616 billion yen, prompting a revision of its annual profit forecast downward by 50 billion yen to 950 billion yen ($6.2 billion). Factors such as warranty costs, quality issues, and foreign exchange fluctuations contributed to the decline.
Source: YAHOO
Reported 19 days ago
Oil prices fell on Wednesday as a strong U.S. dollar and reactions to Donald Trump's presidential victory drove crude lower. Brent crude settled at $74.92 per barrel, while West Texas Intermediate (WTI) fell to $71.69. Analysts believe the initial sell-off was exaggerated but caution remains due to ongoing geopolitical tensions and supply concerns, particularly with potential sanctions on Iran and Venezuela if Trump's policies continue.
Source: YAHOO
Reported 19 days ago
Source: WSJ
Reported 19 days ago
Domino's Pizza Group in the UK reported a 5.8% increase in orders for the first five weeks of Q4, fueled by higher delivery demand and promotional discounts, following a 0.7% sales growth in Q3. CEO Andrew Rennie emphasized the focus on sustainable sales growth through order increases rather than price hikes, with total system sales rising to £374.8 million in Q3 compared to £363.7 million the previous year.
Source: YAHOO