Swathes of eastern China, home to major population centers including Shanghai, Nanjing, and Hangzhou, will see temperatures around 35C to 39C (95F to 102F), with some places touching 40C, according to a forecast from the China Meteorological Administration. The region may face a “long-lasting high temperature war,” the state weather bureau said last week.
The peso, which tumbled over 3% earlier this month before trimming losses, may end this quarter somewhere around its current level of 56.5 to the US dollar, according to strategists at Australia & New Zealand Banking Group Ltd., ING Financial Markets and Wells Fargo Securities.
“Middle Eastern borrowers, given the significant borrowing requirements, have been much more open to diversifying their lending relationships and willing to tap into the demand from Asia,” said Amit Lakhwani, global head of loan syndicate at Standard Chartered Plc. Asia also offers opportunities to borrow in new currencies or tenors versus what is available to […]
“Russia does have more vessels at its disposal compared to the summer/fall of 2024,” Malte Humpert, founder of the Arctic Institute, a Washington-based think-tank, said in an email. “If it can find buyers, this small fleet should be sufficient to lift cargoes.”
Trade groups and experts lined up to say they’d long warned this would happen, including the American Chamber of Commerce in Canada and the Business Council of Canada, an influential lobby group representing top CEOs. Michael Geist, the Canada Research Chair in internet and e-commerce law at the University of Ottawa, called Friday’s blowup “completely […]
Bloomberg News reported in February that NIQ was exploring an IPO that could raise about $1.25 billion and value the company at $10 billion. The Chicago-based company carries $4.3 billion of total debt, with adjusted earnings before interest, taxes, depreciation and amortization of $740.7 million last year, the filing shows.
With Palantir’s software, the Nuclear Company is digitizing the paperwork required to build the last plants, “so that when supply chain delays are happening, our teams on the front lines are aware of it,” said Nuclear Company Chief Executive Officer Jonathan Webb. Webb and Gallagher plan to streamline construction at the startup, which hopes to […]
“In today’s data, the slowdown in rice price hikes and the drag from energy were pretty significant, and it really feels like policy factors pushed down the overall figure,” said Harumi Taguchi, principal economist at S&P Global Market Intelligence. “Going forward, since import prices have been coming down, the upward pressure isn’t as strong as […]
Trade exposure underscores Korea’s dependence on exports in a few key sectors. Semiconductor shipments totaled $141.9 billion in 2024, accounting for about 21% of South Korea’s total exports, according to the Trade Ministry. Automobiles, the second-largest export item, exceeded 10%, while steel products neared 5%.
Bullion fell 0.5% to trade near $3,353 an ounce on Friday, and is down more than 2% for the week. US President Donald Trump will decide whether to join Israel’s attacks on Iran within two weeks, his spokeswoman said, reducing fears of imminent action that could escalate hostilities, threaten energy flows and spur inflation.