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French Gas and Power Utility Engie Seeks to Enter Saudi and Emirati Renewable Markets
  • January 12, 2025

French Gas and Power Utility Engie Seeks to Enter Saudi and Emirati Renewable Markets

(Bloomberg) -- French utility Engie SA is seeking to gain foothold in renewable energy markets in Saudi Arabia and the United Arab Emirates, which are holding big tenders for wind and solar farms to diversify their energy sources.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City Centers“The Gulf region has a serious potential,” with “v

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Taiwan iPhone maker Foxconn sets its sights on the ever more crowded EV market
  • January 12, 2025

Taiwan iPhone maker Foxconn sets its sights on the ever more crowded EV market

Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China's Huawei Technologies are maneuvering to gain an edge in the electric vehicle sector, prompting automakers like Japan's Nissan and Honda to announce plans to join forces against a flood of ambitious competitors. Also known as Hon Hai Precision Industry, Foxconn has been snapping up links in the automotive supply chain, one of a growing number of technology companies that are leveraging their knowhow in electronics and communications. Foxconn's auto venture with Taiwan automaker and importer Yulon Motor Co., Foxtron, showcased its Model B, a sleek EV hatchback, as well as its automotive electronics, at the Consumer Electronics Show in Las Vegas last week.

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Goldman Strategists See Battered China Stocks Rising 20% in 2025
  • January 12, 2025

Goldman Strategists See Battered China Stocks Rising 20% in 2025

(Bloomberg) -- Goldman Sachs Group Inc. strategists are sticking to their bullish stance on Chinese stocks despite an ongoing rout, predicting that benchmarks will rise about 20% by year-end.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersStrategists led by Kinger Lau remain overweight on both onshore and offshore Chinese shar

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Five Key Charts to Watch in Global Commodity Markets This Week
  • January 12, 2025

Five Key Charts to Watch in Global Commodity Markets This Week

(Bloomberg) -- The weather-influencing La Niña phenomena is making a comeback. Global food prices are rising again as agricultural goods get more costly. And tariff fears are pushing traders to shift metals into North American warehouses.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco Ranked Worst for US Tra

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Morning Bid: Hot US jobs data stoke yield fire, scold stocks
  • January 12, 2025

Morning Bid: Hot US jobs data stoke yield fire, scold stocks

If the reaction in U.S. stocks, bonds and the dollar to Friday's sizzling U.S. employment report is any guide, Asian markets are in for a bumpy ride on Monday, rocked by another whoosh higher in bond yields and inflation fears. The U.S. economy created over a quarter of a million net new jobs and the unemployment rate fell last month, reflecting a robust labor market. The S&P 500 fell to its lowest since November 5, the day of the U.S. presidential election, and it looks like soaring bond yields could crush investors' appetite for risky assets like stocks.

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