Articles by admin

It is a pleasure to report that the BerGenBio ASA (OB:BGBIO) is up 55% in the last quarter. But that is minimal… …read more […]

The mine boasts one of the world’s richest deposits of rare earths, crucial components of everything from iPhones to weapons systems. Hints this year by China that it could cut off rare earths exports to the United States as a trade war raged between the two countries sparked a U.S. scramble for new supplies – and sent Lynas shares soaring. As the only non-Chinese company thriving in the rare earths sector, Lynas shares have gained 53% this year. …read more […]

European indexes fell in early trading Tuesday following a rally on Wall Street spurred by strong Chinese economic data that sent the major indexes to record highs and carried into Asian markets. Markets got a big boost in confidence after the U.S. and China announced a long-awaited “Phase 1″ trade deal. In return, China promised to ramp up its purchases of U.S. agricultural, energy and other goods and to stop forcing U.S. companies to turn over technology as a condition of doing business in that country. …read more […]

Teachers, doctors, lawyers and workers at the Eiffel Tower — people from across the French workforce walked off the job Tuesday to resist a higher retirement age, and to preserve a welfare system they fear their business-friendly president wants to dismantle. Commuters and tourists faced a 13th straight day of traffic headaches as train drivers kept up their strike against President Emmanuel Macron’s overhaul of a pension system that allows them to retire as early as their 50s. Hospitals requisitioned workers to ensure key services Tuesday, as nurses, doctors and pharmacists went on strike to save a once-vaunted …read more […]

Dec.17 — In Paris, PSA Group directors are meeting to review the terms of the carmaker’s proposed merger with Fiat Chrysler Automobiles NV. Bloomberg’s Caroline Connan reports on “Bloomberg Markets: European Open.” (Adds full company names in headline and description.) …read more […]

Shares in European aerospace group Airbus rose on Tuesday, after archrival Boeing said it would suspend production of its best-selling 737 MAX jetliner in January. Airbus shares were up 1.6% in early trading while those in French aerospace company Safran, a supplier to Boeing, were down 2.1%. On Monday, Boeing said it would suspend production of its best-selling 737 MAX jetliner in January, as the fallout from two fatal crashes of the grounded aircraft drags on into 2020. …read more […]

Spain’s Telefonica plans to drastically reduce the amount of equipment it buys from Chinese technology giant Huawei [HWT.UL] for the core of its next-generation mobile networks in Europe, its Chief Technology and Information Officer (CTIO) said. Choosing manufacturers for network equipment has become a political hot potato since Washington imposed an export ban on Huawei, the global market leader, but Telefonica’s shift away was “a purely technical decision”, CTIO Enrique Blanco said. Until now, Telefonica has relied entirely on Huawei for its core 4G networks in key markets of Spain and Germany, but under the new strategy, this …read more […]

(Bloomberg) — Bankrupt utility giant PG&E Corp. has removed from its $13.5 billion settlement with wildfire victims the requirement that California Governor Gavin Newsom sign off on its restructuring plan.PG&E reached an agreement with representatives of the victims of fires ignited by its equipment to eliminate the provision after Newsom said last week that the power company’s proposed reorganization plan doesn’t comply with state law.San Francisco-based PG&E announced the decision Monday night, less than a day before it was required by the fire victims deal to respond to Newsom’s rejection and address his concerns. The governor had described the utility’s …read more […]