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Holcim spin-off Amrize targets robust growth in US construction market
  • March 24, 2025

Holcim spin-off Amrize targets robust growth in US construction market

ZURICH (Reuters) -Holcim's imminent North American spin-off Amrize is targeting robust growth in earnings and sales through 2028, albeit at a slower pace than in recent years as it navigates a challenging environment with trade clashes clouding the outlook. The building materials company said on Tuesday it aims for annual growth in adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of about 8-11% between 2025 and 2028, alongside annual sales growth of 5-8%. Holcim targeted a $30 billion valuation when the spin-off was first announced in January 2024.

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Chinese Funds Plan to Mop Up Stocks If US Tariffs Roil Markets
  • March 24, 2025

Chinese Funds Plan to Mop Up Stocks If US Tariffs Roil Markets

(Bloomberg) -- Any pullback in Chinese stocks from Donald Trump’s April 2 tariffs would be a buying opportunity, according to some of the nation’s most experienced money managers. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They Could Be ‘Cut off at the Kn

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Gold Steady Near Record High as Market Digests Trump Tariff Talk
  • March 24, 2025

Gold Steady Near Record High as Market Digests Trump Tariff Talk

(Bloomberg) -- Gold was steady — following a three-day run of losses — with the market digesting President Donald Trump’s latest tariff threats. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They Could Be ‘Cut off at the Knees’ by DOGEBullion traded near $3,

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China’s Steel Market Is Still in Thrall to Bleak Property Data
  • March 24, 2025

China’s Steel Market Is Still in Thrall to Bleak Property Data

(Bloomberg) -- Chinese steel prices are languishing, despite signs of resilience in the wider economy and the approach of peak demand season in the building industry.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They Could Be ‘Cut off at the Knees’ by DOGETh

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Wall Street’s Embrace of Turkey Unraveled in Just 30 Minutes
  • March 24, 2025

Wall Street’s Embrace of Turkey Unraveled in Just 30 Minutes

(Bloomberg) -- When Wall Street banks and hedge funds gathered in Istanbul last Wednesday with a top Turkish economist, they were prepared to hear about the country’s improved stability. Then they glanced at their phones.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibrar

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