The recent sharp price increase in base metal prices have prompted Commerzbank AG to raise their outlook for the commodities in the short-term. “We have adjusted our base metal price forecasts and now expect them to be higher than previously thought in most cases,” Thu Lan Nguyen, head of FX and…
In a notable departure from his administration’s hardline immigration stance, President Donald Trump has publicly argued that the United States needs to bring in skilled workers from abroad to fill critical talent gaps, particularly in complex manufacturing sectors.The comments, made during an interview with Fox News, highlight a growing tension…
General Motors (GM) has instructed several thousand of its suppliers to remove Chinese parts and materials from their supply chains, four people familiar with the matter said, Reuters reported. The move reflects the automaker’s growing concern over geopolitical disruptions and a push to build a more secure and self-sufficient manufacturing…
Donald Trump’s second term is turning out to be a testing ground for digital money, and his family into its biggest private beneficiaries. It began as campaign talk about “making America the crypto capital of the world”, and is turning to a global financial project that fuses politics, foreign capital…
While most energy prices have fallen since the start of the year, gasoil is proving to be a surprising exception. Despite Brent crude oil being 14% cheaper, the next-due gasoil contract on the Intercontinental Exchange is currently trading at just under $750 per ton, marking a 7.5% increase since January.Accordingly, the…
Asian markets traded with a mixed and cautious tone on Wednesday, as investors weighed hopes for an end to the US government shutdown against a major strategic shift from Japanese tech giant SoftBank, whose shares plunged after it announced the sale of its entire stake in chipmaker Nvidia.While some regional…
The recent sharp price increase in base metal prices have prompted Commerzbank AG to raise their outlook for the commodities in the short-term. “We have adjusted our base metal price forecasts and now expect them to be higher than previously thought in most cases,” Thu Lan Nguyen, head of FX and…
In a notable departure from his administration’s hardline immigration stance, President Donald Trump has publicly argued that the United States needs to bring in skilled workers from abroad to fill critical talent gaps, particularly in complex manufacturing sectors.The comments, made during an interview with Fox News, highlight a growing tension…
Global attention was fixed on a range of significant developments this Wednesday, from a major speech by a top US Federal Reserve official on the economic impact of AI to a stark new forecast on global energy demand. In corporate news, shares of toymaker Pop Mart dropped on warnings of…
Shares of Pop Mart International Group, the toymaker behind the wildly popular Labubu doll, fell sharply in Hong Kong on Wednesday after analysts at Bernstein issued a stark warning that the company’s fourth-quarter results could disappoint.The stock slid as much as 3.7%, making it one of the worst performers on…