PASCAGOULA, Miss., Oct. 20, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted leaders from HD Hyundai Heavy Industries (HHI) at the company’s Ingalls Shipbuilding division this month for a three-day engagement to advance joint goals of the memorandum of understanding signed by the two companies in April. During the visit, leaders from HII and HHI exchanged insights on shipbuilding technology and manufacturing processes, discussing both commercial and military shipbuilding opportunities. “As our partnership wi ...

Core Insights - HD Hyundai has appointed Chung Kisun as Chairman, reflecting the company's commitment to strong leadership in a competitive global environment [1][4] - Chairman Chung has a strong background in economics and business, having held various leadership roles within HD Hyundai since 2009 [2][3] - The company aims to maintain its leadership in the shipbuilding industry and contribute to the Korea-U.S. Shipbuilding Cooperation Project [4] Leadership Background - Chung Kisun holds a bachelor's degree in Economics from Yonsei University and an MBA from Stanford University [2] - He has served in multiple key positions, including CEO of HD Hyundai and HD Korea Shipbuilding & Offshore Engineering [2] - His leadership has been pivotal in establishing HD Hyundai Marine Solution and acquiring Doosan Infracore, enhancing the company's growth in construction equipment [3] Strategic Focus - Chairman Chung is focused on securing future growth engines, including artificial intelligence, digital innovation, and eco-friendly technologies [3] - The company is strengthening cooperation with the U.S. to revitalize the shipbuilding industry [3] - HD Hyundai aims to pioneer a new era under Chung's leadership amid a diversified global business landscape [4]

Tensions between the US and China have flared up again as they spar over rare earths and shipbuilding. Here's what to know about their trade relationship https://t.co/x7UswMZV0I ...

Stocks jumped Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank would cut interest rates again this month.After a volatile couple of days characterised by a fresh flare-up in China-US tensions, investors took the opportunity to jump back into the market and resume a months-long, tech-fuelled rally.Powell has for most of the year walked a fine line between trying to keep a cap on US inflation while also supporting the labour market, eve ...

By Chibuike Oguh and Alun John NEW YORK/LONDON (Reuters) -The dollar lost ground against major peers including the Swiss franc and Japanese yen on Tuesday as U.S.-China trade tensions resurged, while the euro firmed after the French government proposed suspending a landmark pension reform. The dollar weakened 0.37% to 0.801 Swiss franc and eased 0.37% to 151.71 yen , a day after rising against both currencies. "The market got caught a little bit yesterday," said Marc Chandler, chief market strategist at ...

Group 1: Dollar Performance - The dollar index (DXY00) fell by -0.24% as it reversed its overnight gains due to positive comments from ECB President Lagarde, which boosted the euro and negatively impacted the dollar [1] - The ongoing US government shutdown is bearish for the dollar, with potential economic repercussions if the shutdown persists [1] - Expectations for a rate cut by the Fed at the upcoming FOMC meeting on October 28-29 were reinforced by dovish comments from Fed Chair Powell, leading to accelerated losses in the dollar [1][4] Group 2: US-China Trade Tensions - The US-China trade conflict escalated with China sanctioning five US units of South Korean shipbuilder Hanwha Ocean Co., reflecting ongoing tit-for-tat actions between the two nations [4] - The imposition of special port fees on each other's vessels has significant implications for the global economy, as vessels account for over 80% of international trade [4] Group 3: Euro Performance - The euro (EUR/USD) rose by +0.30% after recovering from early losses, driven by positive remarks from ECB President Lagarde about the Eurozone economy [5] - The German October ZEW expectations of economic growth survey exceeded expectations, providing additional support for the euro [5] - Political uncertainty in France, particularly regarding a potential no-confidence vote for Prime Minister Lecornu, has created downward pressure on the euro [6]

Key Points China is restricting contracts with a South Korean shipbuilding company, Hanwha Ocean. The move is likely retaliation because Hanwha Ocean works closely with the U.S. government. Bitcoin investors view the rising tensions between China and the U.S. as bad for the economy. 10 stocks we like better than Bitcoin › The value of Bitcoin (CRYPTO: BTC) continued falling today after China said it was putting restrictions on a major South Korean shipbuilder, Hanwha Ocean Co. The company has som ...

Dow Jones crashed 500 points today, reigniting fears of a deeper market correction. Trade tensions between the U.S. and China are back — and investors are rushing for safety. Stocks fell sharply on Tuesday, October 14, 2025, as China announced new trade sanctions and tightened export rules on rare earth materials. The move triggered a wave of selling across global markets and hit tech shares the hardest. The Dow Jones Industrial Average dropped 504 points (1.1%), while the S&P 500 lost 1.3% and the Nasdaq C ...

Stocks slumped in morning trading on Wall Street Tuesday as trade tensions escalate again with China.The S&P 500 fell one per cent. The Dow Jones Industrial Average slipped 383 points, or 0.8 per cent, as of 9:57 a.m. Eastern time. The Nasdaq composite shed 1.5 per cent.The slide marks another sharp twist for markets over the last few days. Wall Street tumbled on Friday for its worst day since April and bounced back on Monday for its best day since May. The swings were prompted by shifting trade sentiment ...

Market Overview - Wall Street stocks experienced a decline due to resurfacing trade tensions with China, with the S&P 500 falling by 1%, the Dow Jones Industrial Average dropping 383 points (0.8%), and the Nasdaq composite decreasing by 1.5% [4][6] - The recent volatility in the market follows Wall Street's worst day since April and a rebound that was the best day since May, indicating shifting investor sentiment regarding US-China trade relations [4][6] Trade Relations Impact - The downturn was influenced by China's Commerce Ministry barring Chinese companies from dealing with five subsidiaries of South Korean shipbuilder Hanwha Ocean, which is perceived as a counteraction to US efforts to bolster its shipbuilding industry [4][6] - Both the US and China have imposed new port fees on each other's vessels, effective Tuesday, which adds to the ongoing trade conflict between the two largest economies in the world [4][6] Economic Indicators - The US economy has so far avoided significant negative impacts from changing tariff policies, but analysts caution that a cycle of retaliatory tariffs could result in companies passing increased costs onto consumers [4][6] - The ongoing US government shutdown has halted regular economic updates on inflation, spending, and employment, leading investors to focus on corporate earnings for insights [6] Company Performance - JPMorgan Chase's stock fell by 3.8% despite surpassing profit forecasts for its latest quarter, while Wells Fargo's stock rose by 3.5% after exceeding analysts' expectations [5][6] - Johnson & Johnson's stock decreased by 1.8% following the announcement of plans to spin off its orthopedics business into a standalone company [5][6] Treasury Yields - Treasury yields remained stable, with the 10-year yield slightly easing to 4.04% from 4.05% on the previous Friday [5][6]