Chinese overcapacity claims by US, Europe are ‘trade protectionism’, ministry says
China said on Thursday that U.S. and European assertions of excess capacity were “naked trade…
Holcim eyes $30 billion valuation with N.American business listing, picks new CEO
Miljan Gutovic, currently head of Europe at Holcim, will replace Jan Jenisch as CEO beginning May 1, said the company, one of the world’s biggest cement makers.
Thai economy in recession, needs a boost -deputy Finance Minister
The rate should be lowered as high rates now are people’s burden. People can’t survive,” he told reporters.
Nigeria oil enters unclear new era after Shell’s onshore asset sale
Industry experts said Shell, Exxon and other majors who hoped to divest were not putting much money into developing onshore assets – hastening production decline.
Chinese overcapacity claims by US, Europe are ‘trade protectionism’, ministry says
China said on Thursday that U.S. and European assertions of excess capacity were “naked trade protectionism” and that efforts to constrain new energy exports from the World’s No.2 economy would frustrate global efforts to tackle climate change.
USD/ILS: UBS forecasts shekel strength on Israel’s recovery, Fed easing
The shekel had briefly surpassed the 3.80 level against the dollar due to recent tensions between Iran and Israel, as well as the ongoing conflict with Hamas. UBS analysts expect these pressures to ease, setting the stage for the shekel to capitalize on Israel’s economic rebound and the prudent policies of the Bank of Israel…
Oil prices rise; mild CPI, falling US inventories point to rising US demand
Oil prices rose on Thursday, extending gains from the prior session on signs of stronger demand in the U.S., the world’s largest consumer. 11:15 ET (15:15 GMT), Brent oil futures rose 0.3% to $83.03 a barrel, and West Texas Intermediate crude futures rose 0.6% to $79.06 a barrel.
Bitcoin price today: jumps to $66k after CPI data, but remains rangebound
Bitcoin price jumped on Thursday, benefiting from a weaker dollar after some relatively softer consumer inflation readings for April, although the token remained comfortably rangebound as sentiment towards crypto remained subdued.
Germany stocks mixed at close of trade; DAX down 0.76%
Germany stocks were mixed after the close on Thursday, as gains in the Retail, Software and Food & Beverages sectors led shares higher while losses in the Industrials, Construction and Technology sectors led shares lower.
China says ‘bullying’ tariff hike shows that some in US have lost their minds
The U.S. move to raise tariffs on Chinese goods is a case of “typical bullying” and “shows that some people in the United States have reached the point of losing their minds,” China’s foreign minister said on Wednesday.
Dollar drops to one-month low vs euro before key CPI test
The dollar dipped to a one-month low versus the euro on Wednesday amid lower Treasury yields as traders braced for a key U.S. inflation report later in the day that could dictate the path of Federal Reserve policy.
Oil prices fall after IEA monthly report, CPI inflation
Oil prices fell Wednesday, overturning earlier gains after the IEA cut its forecast for demand growth this year. At 11:00 ET (15:00 GMT), Brent oil futures fell 0.4% to $82.70 a barrel, while West Texas Intermediate crude futures dropped 0.4% to $77.97 a barrel.
Some Bitcoin mining rigs to shut down amid price weakness, says BTIG
The latest Bitcoin halving, which slashed the block reward from 6.25 BTC to 3.125 BTC, has forced less efficient mining rigs offline as miner revenues dropped to levels equivalent to a Bitcoin price of around $30,000, BTIG said in a research report on Wednesday.
Earnings call: Aareal Bank Group posts robust Q1 2024 results
Aareal Bank Group has reported a substantial increase in its consolidated operating profit for the first quarter of 2024, achieving the highest quarterly result since the fourth quarter of 2018. The profit rose by 66% to €103 million, with significant contributions from the Structured Property Financing and Banking & Digital Solutions segments.
