SHANGHAI, CHINA – MAY 06: China’s research icebreaker Xuelong 2, or Snow Dragon 2, arrives at Waigaoqiao port after over 5-month Antarctic expedition on May 6, 2021 in Shanghai, China. Vcg | Visual China Group | Getty Images U.S. President Donald Trump’s renewed threat to take control of Greenland has raised alarm in Beijing, following…
Charlie Garcia is the founder of R360, a global community of individuals and families with a net worth of $100 million or more. He is editor-in-chief of the Night Owl, R360’s exclusive publication delivering contrarian insights into global markets. Garcia is the author of the books “A Message From Garcia” and “Leadership Lessons of the…
A view of mining facilities at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Steve Marcus | Reuters China has tightened export controls on rare earths and related technologies while barring its citizens from participating in unauthorized mining overseas, adding fresh strains to a sector central to its geopolitical…
This article first appeared on GuruFocus. China’s state-backed iron ore buyer has thrown a curveball at global commodity markets, telling domestic mills and traders to halt purchases of new BHP Group (NYSE:BHP) cargoes. The order, which includes shipments already leaving Australia, effectively freezes dollar-denominated deals and leaves only yuan-priced supplies already landed in China available…
(Bloomberg) — Stocks staged a modest rebound from a technology-led selloff, setting a steadier tone at the outset of a month that could bring plenty of tests to markets trading near record highs. Most Read from Bloomberg Europe’s Stoxx 600 (^STOXX) advanced 0.2%. BAE Systems Plc (BA.L, BAESY) and Rheinmetall AG (RNMBY, RHM.DE) led gains…
BRUSSELS (AP) — European leaders are meeting with top Chinese officials in Beijing on Thursday to discuss trade, climate change and global conflicts, with observers saying expectations were low for any solid agreements. The talks, initially supposed to last two days but scaled back to one, come amid financial uncertainty around the world, wars in…
BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
Oil prices jumped more than 7% on Friday, hitting their highest in months after Israel said it struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies. Eli Hartman | Reuters Oil markets are entering a new phase of uncertainty after the U.S. joined the war between Iran and…
Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but they were still poised for a third straight week in the black. Ilan Rosenberg | Reuters Brent crude prices pared gains from the previous session…