Новости за 14.03.2024

Nippon Steel’s bid for U.S. Steel fits President Biden’s agenda, but rival Cleveland-Cliffs and union have stirred up opposition.

But junk fees, shrinkflation and corporate concentration are probably not the reason, no matter what Biden says

After years of government threats to ban the Chinese-owned social-media app, creators say this time feels different: “I’ve been migrating some of my TikTok content to Instagram Reels.”

The usual workarounds for high borrowing rates aren’t helping buyers much.

Lithium Americas is on track to get a $2.26 billion loan for its Thacker Pass mine.

Metal prices were mixed, with gold and copper slipping back from prior highs but aluminum gaining ground.

Deliveroo guided for further growth in its core earnings and a positive free cash flow this year after its 2023 results were better than expected.

Hyundai Motor and sibling company Kia will recall around 170,000 electric vehicles in South Korea for faulty software that could cause a power loss while driving.

Shell said it now targets a 15%-20% reduction by 2030 in the net carbon intensity of the energy products it sell, as CEO Wael Sawan focuses on last year’s pledge to prioritize value.

Hapag-Lloyd said it expected earnings to fall sharply this year amid a challenging economic and political environment, especially in view of the current situation in the Red Sea.

The bearish outright momentum in fixed income markets—which drives bond yields higher—continues as long-end supply is taking its toll across curves, Commerzbank Research said.

Chinese pharmaceutical stocks rose sharply on hopes for government support, with analysts citing an alleged draft proposal on drug innovation widely circulated online and on social media.

WuXi AppTec and its affiliates are taking another beating. This time, the cause is the loss of support from the biotechnology industry’s top lobbying group in Washington as two bills targeting Chinese biotech companies wind their way through Congress.

Foxconn Technology Group’s fourth-quarter net profit climbed on improved margins, even as revenue declined.

The Apple supplier sees a better outlook for its business this year, it said after reporting a rise in fourth-quarter profit as margins improved despite a fall in revenue.

A former senior manager at the Reserve Bank of Australia is warning that even amid signs of a sharp slowdown in economic growth, the central bank could delay cutting interest rates until next year.

Citigroup has named an executive who’s been with the banking giant for over two decades to head up its commercial bank business in China, its latest personnel change as it undergoes a global restructuring.

The U.S.-China Science and Technology Agreement, a longtime symbol of cooperation first signed in 1979, now highlights rising competition.

SGD weakened slightly against USD in the afternoon Asian session. However, prospects for better economic growth and lower inflation in Singapore are likely to underpin SGD, DBS said.

New Zealand’s NZX-50 closed almost flat at 11808.33, weighed by banks and some utilities.

The fate of two TSMC factories highlights different approaches in Tokyo and Washington toward high-tech investment.

European lawmakers approved the world’s most sweeping legislation yet on AI, setting out rules for systems developers and curbs on how the technology can be used.

Palestinian former detainees described being subjected to psychological and physical abuse while in Israeli military custody following Hamas’s Oct. 7 attacks.

Putin warned of the possibility of nuclear confrontation with the West, alluding to it with increasing frequency.

Died: Gerald Levin, 84, former Time Warner CEO.