(Bloomberg) — President Donald Trump is set to launch a strategic critical-minerals stockpile with $12 billion in seed money, a bid to insulate manufacturers from supply shocks as the US works to slash its reliance on Chinese rare earths and other metals. The venture — dubbed Project Vault — is set to marry $1.67 billion…
(Bloomberg) — In the history of the silver market, prices had traded above $40 an ounce for only a handful of brief periods before last year. On Friday, exhausted traders watched in shock as the precious metal plunged by that much in less than twenty hours. For weeks, traders across the metals world have spent…
Blackstone’s potential acquisition of a stake in New World Development (NWD) will help the embattled Hong Kong-listed developer improve its balance sheet and liquidity, benefiting creditors and shareholders alike, according to analysts. The New York-based private equity giant’s investment in NWD could take the form of “shareholder loans or direct equity financing, as well as…
(Bloomberg) — Copper surged by the most in more than 16 years as metals extended a dramatic start to the year fueled by a wave of intense speculative trading in China. Chinese investors are piling into metals as they ride a powerful wave of momentum that has lifted everything from tin to silver to record…
(Bloomberg) — Treasury Secretary Scott Bessent suggested that Prime Minister Mark Carney did an “about-face” by striking a deal with China to lower some trade barriers, reinforcing President Donald Trump’s latest tariff threat against Canada. “The Canadians a few months ago joined the US in putting high steel tariffs on China because the Chinese are…
As Chinese biotech and pharmaceutical firms gain importance on the global stage, foreign investors from sovereign wealth funds to industry players are securing strategic stakes in their future success. International institutional investors have built up significant positions in Chinese biotech firms over the past decade. These positions often approach, and in some cases exceed, the…
Like many long-time reporters in Hong Kong, I had occasional dealings with David Webb, the market transparency and shareholder rights crusader who died this week of prostate cancer at the relatively young age of 60. Almost all of my encounters with him over the years were annoying and slightly unpleasant. But they made me respect…
Great news! Bloomberg / Bloomberg via Getty Images Believe it or not, Donald Trump has figured out another way to Cheesecake-Factory-ify the White House! Bloomberg / Bloomberg via Getty Images Related: “Put This On A T-Shirt” — People Are Praising This Anti-ICE Protestor’s 3-Word Response To Getting Tear-Gassed At The LA Protests He’s added a…
(Bloomberg) — China said it’s “deeply shocked” by the US’s military strikes on Venezuela and its capture of President Nicolas Maduro. China “strongly condemns the US’s blatant use of force against a sovereign state and action against its president,” a Foreign Ministry spokesperson said in a statement late Saturday. “Such hegemonic acts of the US…
(Bloomberg) — China placed quotas on beef imports as it seeks to protect domestic farmers and producers, dealing a blow to Brazil and other major shippers including Australia and Argentina. Most Read from Bloomberg Shipments exceeding the limits will be subject to a 55% duty, after authorities determined that rising imports had harmed China’s own…