The largest known deposit of rare earth minerals in Europe has just been discovered in Sweden’s Arctic, with potential to help the continent break free from China’s dominance on the market for the resources.
Donald Trump plans to hold his first presidential campaign event of the year in South Carolina later this month as part of a gradual rollout rather than a return to his raucous rallies after a quiet launch that was deemed underwhelming.
(Bloomberg) — Global markets have yet to price in fully the reopening of China and copper exporters are set to benefit from the world’s second-biggest economy returning, according to AllianceBernstein.
(Bloomberg) — The US House of Representatives voted Thursday to bar selling oil from the Strategic Petroleum Reserve to China, as Republicans use their newly-minted majority to shine a spotlight on the Biden administration’s historic drawdown from the emergency supplies.
President Joe Biden took credit for helping to ease costs for US consumers after the latest data showed prices actually fell in December — the first negative monthly figure, with rounding, since the start of the Covid-19 pandemic.
South Africa’s freight rail operator has failed to finalize an agreement with a Chinese supplier of locomotives that would have helped it to repair wagons, get equipment and boost capacity on its lines.
JPMorgan Chase & Co.’s Anu Aiyengar is becoming sole head of global mergers and acquisitions, making her the only woman to lead that franchise at a major Wall Street bank.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has spent the past year reassuring analysts and investors that the bank’s multibillion-dollar binge on technology ventures is part of a carefully designed plan that will pay off.
(Bloomberg) — Once seen as misguided and unworkable, the US-conceived price cap on Russian crude oil exports is showing signs of success — for now — since it was implemented late last year.
Sam Bankman-Fried offered one of his most detailed descriptions yet of the FTX debacle as he prepares to fight fraud charges, blaming crashing markets and an attack from a rival for the eventual bankruptcy of his exchange.
