Global Markets Lower Amid Nervousness on Tariffs
--Bitcoin fell as worries over U.S. tariffs weigh on risky assets, declining 0.4% to $82,135 after hitting a near two-week low of $81,311 overnight, according to LSEG.
Fast-food companies including McDonald's lead Morgan Stanley basket of stocks that can mitigate tariffs
For companies like McDonald's (MCD), Domino's Pizza (DPZ), Taco Bell owner Yum! Brands (YUM) and Burger King owner Restaurant Brands International (QSR), they have both pricing power as well as the ...
Norway Oil Fund to Buy Stake in RWE Wind Projects for $1.52 Billion
Norway's sovereign wealth fund is buying a 49% stake in two wind energy projects from RWE for about 1.4 billion euros ($1.52 billion), the German utility said Monday.
Week Ahead for FX, Bonds: Tariff Announcements Take Center Stage; U.S. Jobs, ISM Data in Focus
Below are the most important global events likely to affect FX and bond markets in the week starting March 31. Investors' focus in the coming week will be honed on tariff announcements. April 2 is the ...
U.S. Futures, European Stocks Fall
In Europe, the Stoxx Europe 600 declined 1.1% in morning trading. Fortnox rose 36.2% and Wise rose 1.9%. On the other hand, Carl Zeiss Meditec slipped 6.2%, and Wartsila lost 5.2%. The FTSE 100 lost 1 ...
Persisting Competition to Pressure Profitability; Lacking Convincing NEV Strategy
Our fair value estimate for Great Wall Motor is HKD 11.50, based on our expectations for the company’s core SUV business to face stiff competition. With international and local automakers aggressively ...
Thames Water Chooses KKR as Preferred Partner for Recapitalization
Thames Water said that it selected U.S. private equity company KKR as its preferred partner to lead its recapitalization. The debt-laden English water company said Monday that it aims to agree on ...
CSPC Is One of the Largest Chinese Pharmaceutical Companies With Diversified Pipeline Portfolios
Despite regulation changes in the Chinese healthcare industry, we think CSPC is well-positioned to maintain relatively strong revenue growth. First, generic drugs normally face the most severe price ...
UniCredit Gets ECB, Bank of Italy Approvals for Banco BPM Bid
UniCredit said it received approvals from the European Central Bank and Bank of Italy to acquire smaller rival Banco BPM if its offer goes ahead.
Japan's Public Pension Fund Maintain Asset Allocation for Next 5 Years
TOKYO--Japan's Government Pension Investment Fund will maintain the balance of its asset allocation and continue to invest a quarter of its funding in Japanese stocks over the next five years, ...
Baidu's Robotaxi Business Plans to Expand in Middle East
Chinese internet company Baidu plans to expand its robotaxi operations in the Middle East, as Chinese autonomous-driving companies start to scale up their fleets.
Kerry Logistics Will Expand Its Southeast Asia and Overseas Warehouses Amid Geopolitical Shift
Kerry Logistics Network’s, or KLN’s, international freight forwarding, or IFF, segment accounted for 52% of consolidated segment profit in the first half of 2024. We think it is seeing stabilizing ...