Author: Bella Hayes
LONDON (Reuters) – From China to Europe, Canada to Mexico, world markets are already reeling from Donald Trump’s promise to jack up tariffs when he becomes U.S. president in less than two weeks. Trump has pledged tariffs of as much as 10% on global imports and 60% on Chinese goods, plus a 25% import surcharge on Canadian and Mexican products, duties that trade experts say would upend trade flows, raise costs and draw retaliation. The scale and scope remains to be seen, but the road ahead is bumpy. Here’s a look at some markets in focus right now. 1/ FRAGILE:…
DUBLIN – Malin Corporation (OTC:) plc ( Euronext (EPA:) Growth Dublin:MLC), an investor in life sciences companies, announced today that Roche Holdings, Inc.’s subsidiary Blue Giant Acquisition Corp. has successfully completed a tender offer for all outstanding shares of Poseida Therapeutics, Inc. (NASDAQ:PSTX). Roche’s offer included $9.00 per share in cash and a contingent value right (CVR) for additional payments up to $4.00 per share, contingent on achieving certain milestones. The tender offer, which expired just after midnight on January 7, 2025, will not be extended. Roche plans to finalize Poseida’s acquisition later today through a merger, turning Poseida into…
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks fell on Wednesday, with a robust keeping the yen, yuan and the euro pinned near multi-month lows as traders wagered the Fed will likely be slow in cutting rates after data showed the U.S. economy remained stable. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5%, with down 0.1%. On Wall Street, all three main indexes finished lower as the data stoked worries of a rebound in inflation. [.N] The downbeat mood is set to continue in Europe, with Eurostoxx 50 futures down 0.3% and German 0.18% softer. Rising bond yields will likely…
FONTENAY-AUX-ROSES, France–(BUSINESS WIRE)–Regulatory News: The ICAPE Group (ISIN code: FR001400A3Q3 – mnemonic: ALICA), a global technology distributor of printed circuit boards (PCB) and custom-made electromechanical parts, today announces its financial calendar for fiscal year 2025. Indicative financial calendar1Events Dates2024 Full-Year Revenue Thursday February 13, 20252024 Full-Year Results Thursday March 27, 20252025 First-Quarter Revenue Tuesday May 13, 2025Annual General Meeting Wednesday May 21, 20252025 Half-Year Revenue Wednesday July 30, 20252025 Half-Year Results Wednesday October 1st, 20252025 Third-Quarter Revenue Thursday November 13, 2025About the ICAPE Group Founded in 1999, the ICAPE Group acts as a key technological expert in the PCB and…
By Francesco Guarascio HANOI (Reuters) – The U.S. trade deficit with Vietnam exceeded $110 billion in the first 11 months of 2024, latest U.S. figures show, as exports from the Southeast Asian industrial hub grew amid a record fall of its currency against the . The latest reading, released on Tuesday by the U.S. statistics agency, showed a nearly 18% rise in the deficit compared with the same period the previous year. The data confirms the Communist-run country has the fourth highest commercial surplus with the United States, topped only by China, the European Union and Mexico. The large gap…
Investing.com– ASEAN economies are entering 2025 with a strong starting position for growth, BofA analysts said in a note, citing resilient domestic activity, improving labor markets, rising exports and recovering tourism. But the brokerage noted that risks from U.S.-linked trade disruptions remained a major point of uncertainty, as President-elect Donald Trump prepares to impose more trade tariffs. This is expected to impact export-reliant economies in the region. Still, BofA expects average gross domestic product growth to remain largely stable in 2025, at around 4.9% year-on-year, the same as 2024. The Association of Southeast Asian Nations consists of 10 member states,…
By Katya Golubkova and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while data showing an unexpected increase in U.S. jobs openings pointed to expanding economic activity and consequent growth in oil demand. was up 28 cents, or 0.36%, to $77.33 a barrel at 0415 GMT. U.S. West Texas Intermediate crude climbed 40 cents, or 0.54%, to $74.65. Oil output from the Organization of the Petroleum Exporting Countries fell in December after two months of increase, a Reuters survey showed. Field maintenance in the United Arab Emirates offset a Nigerian output…
IRVING, Texas, Jan. 07, 2025 (GLOBE NEWSWIRE) — Exela Technologies (OTC:), Inc. (Exela or the Company) (OTC: XELA, XELAP), a global business process automation leader, informs its stockholders and the market in general that today its Board of Directors approved the commencement of the process to: (i) voluntarily delist its securities from the Stock Market LLC (Nasdaq); and (ii) deregister the Company’s securities under the U.S. Securities Exchange Act of 1934, as amended (the Exchange Act), after taking into account a number of considerations, including, but not limited to, the Nasdaq Suspension (as defined below) and the expected reduction in…
Toronto, Ontario–(Newsfile Corp. – January 7, 2025) – Bluesky Digital Assets Corp., (CSE: BTC) (OTCQB: BTCWF) (“Bluesky” or the “Corporation”) announced today that it had closed and that it had secured a unsecured revolving credit facility (the “Facility”) from a group of three private lenders (the ‘Syndicate”) for the combined amount of $750,000 . The Facility bears a cash interest rate of 8% per annum. The Facility can be drawn upon in multiple advances. Any funds drawn upon will be used for general working capital purposes while the company advances its research and development and of it AI endeavours and…
U.Today – The trading volume of , the second-largest cryptocurrency by market capitalization, has significantly increased recently. This significant rise is a sign of increased market activity since it implies that traders and investors are participating more actively. Even though the price of ETH has recently dropped, there are indications that it might be ready for a comeback and even another rally. Ethereum, which is currently trading at about $3,632, just crossed its 50-day exponential moving average (EMA), a crucial resistance level that, when broken, frequently serves as a bullish indicator. The asset’s bullish structure on the daily chart has…