The US-China relationship
China bans the export of several elements
China bans exports to the United States of products related to the elements gallium, germanium and antimony, writes Reuters.
The decision comes a day after the US's latest chip export restriction to China.
- [The United States] has abused export control measures and unreasonably limited the export of certain products to China, says a spokesperson for China's Ministry of Commerce in a comment obtained by Bloomberg.
Gallium is used, among other things, in defense and space equipment.
China bans the export of several elements
China bans exports to the United States of products related to the elements gallium, germanium and antimony, writes Reuters.
The decision comes a day after the US's latest chip export restriction to China.
- [The United States] has abused export control measures and unreasonably limited the export of certain products to China, says a spokesperson for China's Ministry of Commerce in a comment obtained by Bloomberg.
Gallium is used, among other things, in defense and space equipment.
Trump wants to stop US Steel sales to Japan
US President-elect Donald Trump reiterates his opposition to the sale of US Steel to Japan's Nippon Steel. Bloomberg notes that.
“Through tax incentives and tariffs, we will strengthen and restore US Steel, and it will happen quickly. As president, I will stop the deal. Warning to the buyer!” writes Trump in a post on Truth Social.
The deal, which is being reviewed by the Committee on Foreign Investment in the United States (CFIUS), is expected to reach President Joe Biden's desk before the end of the month. Biden has previously said that US Steel should remain American-owned but has not explicitly promised to stop the sale.
French risk premium surges ahead of no-confidence vote
The risk premium on French bonds against German is again close to the highest level in twelve years ahead of Wednesday's no-confidence vote in the French parliament, writes Reuters. If nothing surprising happens, Michel Barnier's government will be the first to be voted out of power in the country since 1962, writes the news agency.
President Emmanuel Macron, on the other hand, says that the government may survive a vote because it would be "unbearable cynicism" if the National Assembly supports the left-wing opposition's proposal, writes Bloomberg.
Marine Le Pen's far-right party has already declared that it supports the motion of no confidence.
US President-elect Donald Trump reiterates his opposition to the sale of US Steel to Japan's Nippon Steel. Bloomberg notes that.
“Through tax incentives and tariffs, we will strengthen and restore US Steel, and it will happen quickly. As president, I will stop the deal. Warning to the buyer!” writes Trump in a post on Truth Social.
The deal, which is being reviewed by the Committee on Foreign Investment in the United States (CFIUS), is expected to reach President Joe Biden's desk before the end of the month. Biden has previously said that US Steel should remain American-owned but has not explicitly promised to stop the sale.
French risk premium surges ahead of no-confidence vote
The risk premium on French bonds against German is again close to the highest level in twelve years ahead of Wednesday's no-confidence vote in the French parliament, writes Reuters. If nothing surprising happens, Michel Barnier's government will be the first to be voted out of power in the country since 1962, writes the news agency.
President Emmanuel Macron, on the other hand, says that the government may survive a vote because it would be "unbearable cynicism" if the National Assembly supports the left-wing opposition's proposal, writes Bloomberg.
Marine Le Pen's far-right party has already declared that it supports the motion of no confidence.
Swedish growth
The wave of bankruptcies is approaching levels from the 90s crisis
Although bankruptcies decreased by one percent in November, they remained at record levels from last year, Creditsafe writes in a press release. At the same time, the total bankruptcies for 2024 have increased by 24 percent at an annual rate to 9 197.
"When we sum up the year, the number of bankruptcies is expected to exceed 10,000 limited liability companies, a number that Sweden has not exceeded since the 90s crisis," it says.
- Historically, these are very high figures, says Creditsafe CEO Henrik Jacobsson in the press release.
Although bankruptcies decreased by one percent in November, they remained at record levels from last year, Creditsafe writes in a press release. At the same time, the total bankruptcies for 2024 have increased by 24 percent at an annual rate to 9 197.
"When we sum up the year, the number of bankruptcies is expected to exceed 10,000 limited liability companies, a number that Sweden has not exceeded since the 90s crisis," it says.
- Historically, these are very high figures, says Creditsafe CEO Henrik Jacobsson in the press release.
South Korea's currency plummets after sudden martial law
The South Korean won fell sharply after President Yoon Suk-Yeol declared a state of military emergency in the country, writes CNBC. By 10 p.m., the currency had recovered after parliament held a vote and forced the president to reverse his decision.
Meanwhile, US-listed Korean stocks retreated on Wall Street. For example, Coupang and Posco Holdings fell around 4 percent. KT Corp and KB Financial also lost, the channel notes.
The South Korean won fell sharply after President Yoon Suk-Yeol declared a state of military emergency in the country, writes CNBC. By 10 p.m., the currency had recovered after parliament held a vote and forced the president to reverse his decision.
Meanwhile, US-listed Korean stocks retreated on Wall Street. For example, Coupang and Posco Holdings fell around 4 percent. KT Corp and KB Financial also lost, the channel notes.
Inga kommentarer:
Skicka en kommentar