Indonesia Curbing Nickel Supply to Support Locals, Eramet Says

Nov 21, 2024 | Markets

French miner received 29% less ore sales quota than expected High ore price is a boon for local miners at smelters’ expense Indonesia is squeezing supplies of nickel ore to protect smaller local miners as the market for the battery metal endures a prolonged slump,...

KKR-Bain Brawl Worth $4 Billion Shows Japan Private Equity Boom

Nov 21, 2024 | Markets, Private Markets

Buyout firms are taking bolder steps to clinch deals KKR is bullish on Japan, where its returns are biggest When KKR & Co. offered almost $4 billion for a Japanese IT consulting company back in August, the proposal generated buzz in the country’s burgeoning buyout...

Billionaire Ken Griffin Says He’s Wary of Trump’s Tax-Cut and Tariff Agenda

Nov 21, 2024 | Markets

Trade barriers could lead to crony capitalism, Griffin warns Citadel founder says tax hikes may be needed to alleviate debt Billionaire Ken Griffin cast doubt on two of President-elect Donald Trump’s most loudly heralded economic policy plans: tax cuts and tariff...

Deere Shares Surge on Optimism Farm Gloom Will Lift in 2025

Nov 21, 2024 | Markets

Stock jumps to highest in a year despite weaker profit outlook Traders and executives have been looking for signs of a bottom Shares of Deere & Co. jumped to the highest level in more than a year as investors in the biggest farm machinery maker looked past a...

China Gets ‘Whacked’ in Global Decoupling, ECB’s Lane Says

Nov 21, 2024 | Markets

Any form of trade fragmentation would be detrimental to China’s economy, according to European Central Bank Chief Economist Philip Lane. Speaking at a conference on macroeconomic effects of geopolitical uncertainty in Amsterdam on Thursday, Lane highlighted that...

Chinese AI Pioneer Baidu Posts Biggest Sales Fall Since 2022

Nov 21, 2024 | Markets

Revenue fell 3%, the deepest decline in more than two years Baidu is investing heavily in AI and autonomous driving Baidu Inc. recorded its biggest revenue drop in more than two years after China’s economic malaise undermined its push into generative AI. Revenue for...