Australia has ordered Chinese-linked Yuxiao Fund and its associates to sell their stakes in rare earths miner Northern Minerals Ltd., part of an effort by US allies to counter the Asian nation’s dominance of critical minerals. from Bloomberg Markets https://ift.tt/xaTjEUZ
Corrections & Amplifications https://www.wsj.com/articles/corrections-amplifications-2ed27a50
Australia has ordered Chinese-linked Yuxiao Fund and its associates to sell their stakes in rare earths miner Northern Minerals Ltd., part of an effort by US allies to counter the Asian nation’s dominance of critical minerals. from Bloomberg Politics https://ift.tt/xaTjEUZ
One in fifteen European companies are facing significant pressure to restructure this year after being hit by higher financing costs and weakening consumer demand, with Germany, Austria and the Nordics particularly under strain, according to a report by Boston Consulting Group. from Bloomberg Markets https://ift.tt/yLg0Pnq
Goldman recommended that investors consider a specific strategy when trading European markets given the “scope for near-term volatility in equities.” https://www.cnbc.com/2024/06/03/goldman-names-two-conviction-list-stocks-to-play-now.html
From London to New York, investors are wagering that South Korean banks will remain star performers thanks to the government’s corporate-reform push. from Bloomberg Markets https://ift.tt/lYwAHpc
The Canadian government is pushing hard for cities to build more “fourplex” apartment blocks. https://ift.tt/RpX4bCu June 03, 2024 at 02:06AM
Nobel Prize-winning economist Paul Krugman and gold advocate Peter Schiff are in disagreement over inflation. Krugman believes that “the inflation bump is over.” However, Schiff argues that Krugman didn’t even foresee the inflation bump, emphasizing that the Nobel laureate’s view on inflation should be disregarded. Schiff explained that “all indicators point to a reacceleration of…
St. Paul Mayor Melvin Carter proudly declared on Wednesday that his student loans had officially been canceled. The Minnesota mayor posted a screenshot of his Mohela account, the site used to manage and make student loan payments. His account read $0.00. “Thank you, Mr. President!” he wrote. Carter also used an X post from President…
Asian stocks are set to gain in early trading, following US peers on Friday, as expectations for Federal Reserve rate cuts were bolstered after the central bank’s preferred measure for inflation eased. from Bloomberg Markets https://ift.tt/ilzCpjt