Hints and tips:
...On current analyst forecasts, only one of these trading houses, Itochu, offers positive earnings per share growth through 2027....
...Financial markets closed UK: Labour Force Survey key indicators Results: Caterpillar Q4, Estée Lauder Q2, Itochu Q3, Kikkoman Q3, Loews Corp Q4, McDonald’s Q4, Mitsubishi UFJ Financial Group Q3, NXP Semiconductors...
...In the weeks leading up to Glencore’s AGM in May, the company made a takeover bid for Teck Resources of Canada, a miner of coal used in steel making as well as base metals....
..., Ahold Delhaize Q1, Alstom FY, Asos H1, Compass Group H1, Continental AG Q1, Crédit Agricole Q1, Disney Q2, E.ON Q1, Ferroglobe Q1, Melrose Industries trading update, New York Times Company Q1, Nippon Steel...
..., October unemployment rate AGM: Qantas Q3: Duke Energy Corp, Itochu, Telefónica Saturday Q3: Berkshire Hathaway World events Finally, here is a rundown of other events and milestones this week....
...“If we compare to Canada . . . Indonesia will, by 2030, produce about eight or nine times as much carbon per kilowatt-hour of electricity as Canada will.”...
...In 1920, Whiting Williams, a former personnel director in a steel company, even went undercover as a labourer before penning a book called What’s on the worker’s mind: by one who put on overalls to find...
...Extracts from his discussion with Alix Steel and Guy Johnson: AS: Were you aware of this risk when using the platform?...
...Celsius’ troubles are bound to turn up the heat at CDPQ (short for Caisse de dépôt et placement du Québec), the second-largest pension fund in Canada, which just eight months ago touted its “thorough” due...
...The company is incorporated in the UK, but has steel and mining operations in countries including Russia, Ukraine, Kazakhstan, the US and Canada....
...As Stephen Bates, author of Royalty Inc, puts it: “The monarchy is one thing the Americans don’t have.”...
...Separately, data from Statistics Canada are expected to show Canada’s trade surplus increased to C$2.9bn in February from C$2.62bn in January, according to a Refinitiv survey....
...All five — Mitsubishi Corp, Mitsui & Co, Itochu, Sumitomo and Marubeni — rely heavily on cyclical commodities and resource-related operations for about a fifth of profits....
...Japan’s five major trading houses — Mitsubishi Corp, Mitsui & Co, Sumitomo, Itochu and Marubeni — fit the bill in terms of being cheaply valued, having been hit hard by the global pandemic and collapse in...
...Itochu described the investment as “positive news” and a potential catalyst for revitalising the trading house industry. Marubeni declined to comment....
...But as of this week, the five biggest — Mitsubishi, Mitsui, Itochu, Marubeni and Sumitomo — have something in common: Warren Buffett as a shareholder....
...Nickel, which is mined mostly in Russia, Canada, New Caledonia and Indonesia, is primarily used to make stainless steel. But growth in electric vehicles is adding a new source of demand for the metal....
...Based in Montreal, the company is backed by Apple as well as the governments of Canada and Quebec....
...For the trading houses — Mitsubishi, Mitsui, Itochu, Marubeni and Sumitomo — to be the target of Buffett’s first big move in Japan is highly significant....
...In June, the steel-coated 13-storey “groundscraper” at 5 Broadgate was sold to a property company founded by the Hong Kong tycoon Li Ka-shing....
...Demand for nickel, which is also used in stainless steel, is expected to increase six-fold by 2030....
...The steel-to-submarines conglomerate is trying to raise cash to bring down debt and fund a restructuring of its operations, having been hit by the weakening German economy....
...In March, Itochu amassed a 40 per cent stake in Descente through a hostile bid, giving the trading house more say in the management of the sportswear group....
...Read more The Dutch parliament on Tuesday votes on whether to ratify the EU-Canada free trade agreement (Ceta) which was approved in 2016 and came into provisional force in 2017....
...But don’t scoff: the new material may be based on paper but it is one-fifth as heavy as steel and five times as strong....
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