Finance
German finance minister warns against quick decoupling from China
BERLIN, Jan 22 (Reuters) – Germany should scale back its dependence on China regularly as decoupling from the Chinese language market would prices jobs in Europe’s greatest financial system, Finance Minister Christian Lindner was quoted as saying on Sunday.
Germany is engaged on a brand new China technique that takes a extra sober view of relations and goals to scale back dependence on Asia’s financial superpower, which has been the nation’s prime buying and selling companion since 2016.
“Decoupling our financial system from the Chinese language market wouldn’t be within the curiosity of jobs in Germany,” Lindner was quoted as saying by the Welt am Sonntag newspaper.
He mentioned that regularly different world areas and markets must change into extra essential for German enterprise over the approaching years and many years, Welt reported.
“The political circumstances should be improved for this,” Lindner mentioned.
Reporting by Riham Alkousaa, modifying by Emma-Victoria Farr
Our Requirements: The Thomson Reuters Belief Ideas.
Finance
Jimmy Carter’s legacy, stocks fall amid rally hopes: Morning Brief
It’s the last full trading day of 2024 and Wall Street has its eyes peeled for the slightest signs of a Santa Claus rally. Seana Smith and Madison Mills observe some of the biggest market stories while speaking with top analysts on today’s episode of The Morning Brief.
Former President Jimmy Carter passed away over the weekend at the age of 100. To talk more about the US leader’s legacy and role in significant peace talks, the program welcomes American University professor Allan Lichtman and Marc Ginsberg, the former White House Deputy Senior Advisor for Middle East Policy under former President Carter.
As US stocks (^DJI, ^IXIC, ^GSPC) continue to see declines at the start of Monday’s session, the Morning Brief team looks back on the best and worst performing sectors of 2024.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
Other top trending stocks on the Yahoo Finance platform include Boeing (BA), American Airlines (AAL), Nissan (NSANY, 8291.T)
This post was written by Luke Carberry Mogan.
Finance
Stocks slip, Boeing stock falls after crash in South Korea: Yahoo Finance
The major indexes (^DJI,^GSPC, ^IXIC) are trading lower on Monday. It follows a sharp sell-off on Friday when the Nasdaq shed 1.5%. One stock on the move is Boeing (BA). Its shares are falling after South Korean officials ordered all Boeing 737-800 planes to be inspected after a Jeju Air crash killed 179 of the 181 people on board.
Key guests include:
9:10 a.m. ET – Josh Wein, Hennessy Funds Portfolio Manager
9:45 a.m. ET – Justin Patterson, KeyBanc Managing Director
10:20 a.m. ET – Gregory Kuhl, Janus Henderson Investors, Portfolio Manager, Global Real Estate
11:00 a.m. ET – Roosevelt Bowman, Bernstein Private Wealth Management Senior Investment Strategist
Finance
SingPost Names Group Finance Chief After Whistleblower Report
(Bloomberg) — Singapore Post Ltd. named a group chief financial officer and said the search for a chief executive continues after it fired a number of senior executives over allegations of misconduct.
Most Read from Bloomberg
Isaac Mah, currently the CFO of the company’s Australia business, Freight Management Holdings Pty, will return home to take up the group CFO post, the Temasek Holdings Pte-backed firm said in a filing on Sunday. It also appointed Gan Heng, who currently heads the South District International Business Unit, as acting CEO of IBU.
The appointments follow the dismissal of three senior executives on disciplinary grounds, following a whistleblower’s report on lapses at its international e-commerce logistics parcel business. Singapore Post’s investigations into the report allegedly found several employees in the IBU made manual entries of some delivery status codes with the intent of avoiding contractual penalties with one of the firm’s largest customers.
Shares of the firm, which slid the most intraday since March 2020 after the dismissals last week, were trading unchanged as of 9:30 a.m. in Singapore on Monday.
Singapore Post said the sale of its Australia business, announced earlier this month, remains on track.
The company also paid a settlement to the unidentified customer, besides renewing its contract with the customer in August.
Most Read from Bloomberg Businessweek
©2024 Bloomberg L.P.
-
Technology1 week ago
Google’s counteroffer to the government trying to break it up is unbundling Android apps
-
Technology6 days ago
There’s a reason Metaphor: ReFantanzio’s battle music sounds as cool as it does
-
News1 week ago
France’s new premier selects Eric Lombard as finance minister
-
Business5 days ago
On a quest for global domination, Chinese EV makers are upending Thailand's auto industry
-
Health2 days ago
New Year life lessons from country star: 'Never forget where you came from'
-
Technology2 days ago
Meta’s ‘software update issue’ has been breaking Quest headsets for weeks
-
World6 days ago
Passenger plane crashes in Kazakhstan: Emergencies ministry
-
World1 week ago
Controversy plagued UN agency that employed Oct. 7 terrorists facing new problems as country redirects funding