Gold (GC=F) futures jumped 4% to trade above $5,400 per ounce on Monday as a widening conflict in the Middle East drove investors toward safe-haven assets. Silver (SI=F) also rose, following the broader move higher in precious metals. JPMorgan analysts expect a "risk premium" jump in gold prices in the near-term of more than 5% to 10% in the aftermath of US-Israel strikes on Iran over the weekend and counter attacks in the region. However, those geopolitical price spikes can “can be sharp but hard to s ...

The U.S. activist investor's decision paves the way for the Japanese forklift maker to be taken private. ...

SAN DIEGO--(BUSINESS WIRE)-- #5G--AirHop Communications, the industry leader in AI-powered Radio Access Network (RAN) automation, today announced a pivotal collaboration with Nokia to integrate its Auptim portfolio of RAN automation and optimization solutions with the Nokia SMO Service Management and Orchestration (SMO) platform. This partnership marks a significant milestone in the evolution of AI-RAN, combining AirHop's specialized AirHopAITM algorithms with Nokia's industry-leading autonomous netw. ...

Tesla gains market in France, Norway in February | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Tesla electric vehicles are pictured at one of the company's delivery centers in Valenton, near Paris, France, April 24, 2025. REUTERS/Benoit Tessier [Purchase Licensing Rights, opens new tab]- Companies[Tesla Inc]FollowMarch 2 (Reuters) - Elon Musk's Tesla [(TSLA.O), opens new tab] gained market share in France and Norway in February, ...

Hedge funds, banks and insurers rushed to size up their exposure to the Middle East after weekend attacks on Iran fueled chaos across the region.Some of Taiwan’s largest life insurers, including Cathay Life Insurance Co. and Nan Shan Life Insurance Co., conducted internal reviews of their exposure to the Middle East over the weekend after news of the attacks broke, according to people familiar with the matter. Barclays Plc redeployed more than 30 people to work Sunday to cover New Zealand’s market open on M ...

The European Commission does not expect the widening conflict in the Middle East to have any immediate impact on the European Union's security of oil supply, it said in an email seen by Reuters on Mon... ...

Core Insights - Lehigh Valley is experiencing a manufacturing renaissance, particularly in the life sciences sector, highlighted by Eli Lilly's $3.5 billion investment for a new facility focused on weight loss therapies [1][2] Investment Highlights - Eli Lilly's investment is the largest from the life sciences sector in Pennsylvania's history, with the US weight loss market projected to reach $148.7 billion by 2031 [2] - The facility is expected to be operational by 2031, positioning Lehigh Valley as a key player in meeting the demand for weight loss medications [2] Strategic Development - The initiative for Eli Lilly's investment began in the summer of 2024, with the Lehigh Valley Economic Development Corporation actively courting the company for a different pharmaceutical facility [3] - The region's workforce development efforts included collaboration with community colleges to align technical training with Eli Lilly's needs, emphasizing the availability of skilled pharmaceutical talent [4] Competitive Landscape - Lehigh Valley initially lost the bid for an earlier facility to Virginia but was later successful in securing the new site, outperforming over 300 other applicants [4][6] - Eli Lilly cited the region's proximity to STEM universities, strong technical manufacturing economy, and established infrastructure as key factors in their site selection [6]

On Dec. 31, billionaire Warren Buffett, who helped transform Berkshire Hathaway (BRKA +0.50%)(BRKB +0.45%) into a trillion-dollar business over more than half a century, called it a career. Wall Street's preeminent buy-and-hold investor stepped down from the CEO role and handed the reins over to successor Greg Abel.Although the Oracle of Omaha has been gone for two months, the shockwaves of his final trades are still being felt. Quarterly filed Form 13Fs, detailing trading activity for Wall Street's savvies ...

Core Viewpoint - RHI Magnesita reported full-year 2025 results characterized by weak demand, a downturn in industrial projects, and foreign exchange pressures, but management's self-help measures led to a recovery in the second half, allowing the company to meet its guidance [2][3]. Financial Performance - The company achieved 2025 EBITDA of EUR 373 million, with an 11.1% margin, and operating cash flow of EUR 391 million, reflecting a 105% cash conversion rate due to working capital reduction [4]. - The board recommended a final dividend of EUR 1.20 per share, totaling EUR 1.80 for the full year, consistent with 2024 [5]. - Adjusted EBITDA decreased from EUR 407 million in 2024 to EUR 373 million in 2025, primarily due to market pressures, while self-help initiatives contributed EUR 70 million [5]. Market Conditions - Management indicated "no visible market recovery" in order books and does not anticipate demand improvement before 2027, focusing on structural actions for performance enhancement in 2026 and beyond [3]. - The year was described as a "year of two halves," with the first half being one of the weakest periods on record, showing adjusted EBITDA of EUR 141 million, while the second half saw an increase to EUR 232 million, 65% higher than the first half [6]. Operational Insights - RHI Magnesita's EBITDA margin improved from 8.4% in the first half to 13.7% in the second half, attributed to execution rather than demand recovery [7]. - Industrial adjusted EBITDA fell by EUR 74 million due to a 40% decline in high-margin glass and non-ferrous project volumes, while steel adjusted EBITDA decreased by EUR 41 million amid weak demand and pricing pressures [8].

Market Performance - Shanghai's benchmark index closed at its highest level in a decade, reaching 4,182.6 points, a 0.5% increase on March 2, 2023 [2] - The CSI300 index, which tracks blue-chip stocks, also saw a gain of 0.4% [2] - The rally was primarily driven by significant increases in energy and safe-haven stocks, with CNOOC, PetroChina, and Sinopec experiencing sharp climbs following a notable rise in oil prices [3] Sector Analysis - An index tracking Chinese gold stocks surged by 7%, indicating strong investor interest in gold as a safe haven [3] - Defense stocks also advanced, reflecting a shift towards sectors perceived as stable during geopolitical tensions [3] - Shipping stocks, including Nanjing Tanker and COSCO Shipping, reached their daily limit up of 10% [3] Crypto Market Dynamics - In contrast, the Hang Seng Index in Hong Kong fell over 2%, marking a two-month low, with tech, healthcare, and tourism sectors being the most affected [4] - Hong Kong-listed crypto ETFs experienced declines, with the ChinaAMC Bitcoin ETF down 2%, Bosera HashKey Bitcoin ETF off 2.3%, and Harvest Bitcoin Spot ETF losing 2.4% [4] - The divergence between Shanghai's rising market and Hong Kong's decline highlights structural challenges for crypto adoption among Chinese investors [5] Regulatory Environment - Mainland Chinese investors remain restricted from directly accessing Hong Kong's spot Bitcoin and Ethereum ETFs, limiting their exposure to crypto assets [6] - Discussions around potential pathways for access, such as the QDII program and the Greater Bay Area's Cross-boundary Wealth Management Connect scheme, have not yet resulted in concrete policy changes [6] - The upcoming National People's Congress is expected to provide policy support for onshore markets, further reducing incentives for Chinese capital to invest in alternative assets like crypto [7] Geopolitical Impact - Beijing has historically supported onshore markets during external crises, which was evident in the recent market movements where Shanghai's stocks rose while Hong Kong's fell [8] - The ongoing geopolitical tensions are likely to keep gold as the preferred safe haven for Chinese investors, while Bitcoin may face additional downward pressure [8]