Egypt’s Minister of Industry and Transport Kamel Al-Wazir has held an extensive meeting with leading steel producers and representatives from automotive and bus manufacturing and assembly companies, as part of the state’s strategy to promote local manufacturing and deepen production chains. The Monday discussions focused on exploring practical mechanisms to localize automotive sheet metal production in Egypt. Al-Wazir underlined the government’s firm commitment to supporting the iron and steel sector, given its critical role in sustaining key industries—particularly the automotive industry. He stressed that localizing automotive sheet metal production is currently a top priority, as it would significantly reduce import…
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WIONChina tightens grip on critical minerals, disrupting Western defence supply chainsChina not only mines a majority of the world’s rare earths, but it also controls as much as 90 per cent of global refining capacity, turning it into a….17 hours ago Source link
(Bloomberg) — Currencies and stocks in developing economies advanced Monday as sentiment for risk assets rebounded on speculation that the Federal Reserve will resume cutting interest rates. Most Read from Bloomberg MSCI’s index for developing currencies rose 0.4%, notching the biggest daily gain in over a month, while a similar measure for stocks strengthened 0.9%. Investors are betting that the Fed may lower interest rates as soon as next month, with an upcoming change in its board and the firing of the US government’s chief labor statistician adding to downside risks for the dollar. “The bearish USD thesis remains intact…
The Washington PostTrump covets rare earth riches, but Greenland plans to mine its own businessInterest in Greenland’s minerals is soaring, driven in part by Trump, who has said the U.S. must “get” the island. But the rare earths will be hard to mine..1 week ago Source link
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Investors shrugged off last week’s worries over the U.S. economy to drive a powerful, tech-led rebound across global stocks on Monday, although U.S. Treasuries prices held onto Friday’s gains, suggesting a fair degree of caution persists. More on all that below. In my column today I look at why rather than firing the head of the Bureau of Labor Statistics, President Donald Trump could have claimed that the weak jobs data and dramatic market reaction vindicated his stance that…
WIONChina tightens grip on critical minerals, disrupting Western defence supply chainsChina not only mines a majority of the world’s rare earths, but it also controls as much as 90 per cent of global refining capacity, turning it into a….12 hours ago Source link
Image source: Getty Images Premium content from Motley Fool Share Advisor UK Our monthly Fire Best Buys Now are designed to highlight our team’s three favourite, most timely Buys from our growing list of growth-focused Fire recommendations, to help Fools build out their portfolios. “Best Buys Now” Pick #1: Nike (NYSE:NKE) Nike is the world’s leading sports shoe and apparel business – though it’s currently facing some self-inflicted challenges. Sales fell by 12% in its fourth quarter with the gross margin declining by 440 basis points to 40.3% due to higher discounts as the company works through excess inventory. The company…
AOL.comAI could be the US’s secret weapon in the race to mine more minerals — if it can prove itselfIn the US push for mineral independence, AI could support faster discovery and supply chain security, but skepticism in the mining industry remains..48 minutes ago Source link
Over the past two decades, investors have poured capital into private assets, drawn by the promise of higher returns than public markets. But as Ludovic Phalippou highlights in “The Tyranny of IRR,” many investors are beginning to question whether private equity (PE) returns truly live up to their internal rate of return (IRR) figures. A key reason for the mismatch lies in partial investment. Unlike public assets, PE funds call capital gradually and return it in stages, meaning that a large portion of the committed capital may sit idle for years. This reduces the investor’s gain, even as IRR remains…
A number of stocks jumped in the morning session after markets rebounded following a sharp sell-off in the previous trading session as investor optimism grew around a potential Federal Reserve interest rate cut following a weak U.S. jobs report. The softer-than-expected employment data for July fueled bets that the Fed could lower rates as soon as September to support the economy. This sentiment was reflected in the bond market, where the 10-year Treasury yield fell to a three-month low. Adding to the positive momentum, the Federal Deposit Insurance Corporation (FDIC) indicated it may support raising regulatory thresholds for banks, a…