The US is proposing to make Kenya the first country in Africa to benefit from funding in the Chips and Science Act, according to a White House official, underscoring thBloomberg News’ Ondiro Oganga discusses with Joumanna Bercetche on Horizons Middle East & Africa. e countries’ desire to cement tech industry relationships. (Source: Bloomberg) from Bloomberg…
The aerospace and defense company said it continued to expect operating profit for the year in the £1.7-2 billion range after a strong start to the year despite industrywide supply-chain challenges. https://www.wsj.com/articles/rolls-royce-confirms-2024-targets-after-strong-start-to-year-3bf81c95
Anglo American rebuffed a roughly $50 billion takeover proposal from BHP but said it would enter talks with its mining rival, opening the door to a potential deal. https://www.wsj.com/business/anglo-american-to-enter-talks-with-bhp-after-rejecting-50-billion-bid-6fad68a6
Foreign holdings in Contemporary Amperex Technology Co. rose to a record high on Tuesday with global funds shrugging off Washington’s plan to boost tariffs on Chinese electric vehicle batteries. from Bloomberg Markets https://ift.tt/Blp5k3K
Government bond markets await flash estimate French, German and eurozone PMIs, while the ECB’s negotiated wage index could receive more attention than usual as the effects of pay increases on inflation have become pivotal for the central bank, Commerzbank Research said. https://www.wsj.com/articles/jgbs-consolidate-ahead-of-bojs-planned-purchase-operations-5c43184e
European Central Bank Vice President Luis de Guindos said a quarter-point interest-rate cut next month looks reasonable, according to an interview with Oberösterreichische Nachrichten. from Bloomberg Markets https://ift.tt/uZmQwK5
With the rollout of Dev Release 33, BlockDAG introduces significant upgrades, such as SHA-3 hashing, aimed at refining the mining process and boosting the network’s security and efficiency. These enhancements have reinforced BlockDAG’s role as a premier Layer 1 blockchain, as evidenced by the robust sales of its X100 miner, combined with all other miners…
Malaysia’s former Prime Minister Mahathir Mohamad said he and his family members were not involved in any “corrupt practices.” https://www.cnbc.com/2024/05/23/malaysias-mahathir-i-myself-was-not-involved-in-corrupt-practices.html
Shareholders in BHP Group say they see the world’s largest miner moving one step closer to a $49 billion takeover, after Anglo American Plc rejected a third approach but agreed to talks and granted its suitor an extra week to commit to a binding bid. from Bloomberg Markets https://ift.tt/peFZlC3
“Bloomberg Markets: Asia” is the definitive guide to the markets in Hong Kong and on the mainland. Haslinda Amin brings you the latest news and analysis to get you ready for the trading day. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/yAhXofq