Morning Bid: Not quite “Together”
On top of surging inflation, rising interest rates and growing global recession risks, markets in Europe are waking up on Monday to the prospect of heightened uncertainty in France — the euro area’s second biggest economy.
California and New Zealand Form Climate Change Collaboration
Climate change has piqued everyone’s interest. By 2035, California intends to phase out the sale of gasoline-powered vehicles. By the same year, New Zealand hopes to have 30% of all car sales be electric.
HSBC shares rise as markets warm up to break-up proposal by top shareholder
Shares in HSBC Holdings gained on Tuesday after its largest shareholder, Chinese insurance giant Ping An (601318.SS), urged a break-up of the London-headquartered bank in a bid to improve returns.
Japan parts makers halt output after quake, another blow to supply chain
Japan’s Renesas Electronics Corp, Murata Manufacturing Co Ltd, Sony Group Corp and other precision parts makers halted some operations on Thursday after an earthquake jolted the country’s northeast, the latest blow to the global supply chain.
Russia, China tone down G20 text on geopolitical tensions
Russia and China watered down a communique being drafted by heads of the Group of 20 major economies on Friday to remove a reference to “current” geopolitical tensions clouding the global economic outlook, sources at the talks said.
USTR says new trade tools needed to fight China state-led trade
The United States needs to pursue new strategies and update its domestic trade tools to deal with China’s “state-led, non-market policies and practices”, the U.S. Trade Representative’s office said on Wednesday in a new assessment report.
Is Omicron causing supply chain disruptions?
In the United States, an omicron outbreak is causing supply chain difficulties. Even though the market previously suffered a shutdown as a result of the pandemic slowly it has been recovering. The Omicron variant, on the other hand, could be the source of major supply chain delays. According to Bloomberg’s monthly survey, growth in the […]
Stellantis Celebrates First Anniversary as it Speeds Transformation to Sustainable Mobility Tech Company
Born from the bold and visionary spirit of its founding companies, Stellantis N.V. was created to shape the future of mobility with innovative and sustainable solutions. Today, Stellantis marks its first anniversary with a review of the major milestones accomplished during the past 12 months.
Chinese cities tighten COVID-19 curbs as Tianjin battles Omicron outbreak
Cities across China are imposing tougher restrictions to try to control new outbreaks of COVID-19, with Tianjin battling the highly contagious Omicron variant which has been detected to have been transmitted locally in two other provinces.
JPMorgan to boost Asia private banking headcount by over 100 this year – sources
JPMorgan Chase & Co (JPM.N) plans to boost its private banking business headcount in Asia by more than 100 this year, two people with direct knowledge of the matter said, joining its peers in a push to grab a bigger share of the region’s wealth.
