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
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
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
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
Oil extended losses after OPEC+ set out a plan to return some barrels back to the market this year. from Bloomberg Markets https://ift.tt/9M8nbZm
Taiwan’s dollar is poised to retest an eight-year low against the greenback as carry trade forces overpower the currency’s equity inflows tailwind. from Bloomberg Markets https://ift.tt/sI0C1t9
Despite fears of copper shortages, China is proving that there’s still plenty of the industrial metal. Robusta coffee is enduring wild price swings as it chalks up three months of gains. And the US oil industry sees another big acquisition. from Bloomberg Markets https://ift.tt/LR0OP3x
Australians are more distrustful of the US than at any time in Joe Biden’s administration, a Lowy Institute poll found, while support for his presidential predecessor Donald Trump climbed further. from Bloomberg Markets https://ift.tt/MOt3duz
Australia’s central bank may have no choice but to resume raising interest rates this year if inflation fails to slow, according to money markets, setting it up as a potential outlier to a post-pandemic global tightening cycle that has all-but ended. from Bloomberg Markets https://ift.tt/o9yFK3A
Survey respondents expect a move in Treasury yields if Trump secures a second term from Bloomberg Markets https://ift.tt/oSsRLH9