Monday, February 10, 2025

Donald Trump News

European shares rise on the back of energy stocks; US tariffs are in sight

European shares rose slightly Monday, as energy stocks gained support. Markets also weighed the fears of a trade war after President Donald Trump warned that he would impose tariffs for all steel and aluminum imports to the United States. As of 8:10 GMT, the pan-European STOXX 600 Index was up by 0.3%. On Friday, the benchmark posted its seventh consecutive weekly gain.

VEGOILS - Palm flat ahead of MPOB and exports; demand concerns weigh

Malaysian palm futures were in a narrow range on Monday, ahead of important data on the country’s stocks. Weak demand from key markets was offset by gains due to flood fears and Indonesia’s potential increase in export taxes. At the midday break, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for April delivery fell 7 ringgit or 0.16% to 4,497 Ringgit ($1,006.72) per metric ton.

Wall Street Journal – Feb 10,

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Activist investor Elliott Investment Management owns a stake in BP, the world's largest oil company. Elliott Investment Management will demand radical changes to improve BP's performance. -US President Donald Trump announced that he would announce 25% tariffs on steel and aluminum imported into the U.S. on Monday.

Taiwan buys Alaskan Natural Gas to avoid US Tariffs

The economy ministry announced on Monday that Taiwan was "quite interested in" natural gas from Alaska, and would continue to evaluate the feasibility of purchasing it. This is as the government tries to reduce the trade surplus and avoid tariffs with the United States. Donald Trump, the U.S. president, said on Friday that he planned to announce reciprocal duties on many countries by this week.

China will roll back clean energy subsidies after boom

China's top economic planner said on Sunday that it is taking steps to reduce subsidies for renewable energy after an explosion in solar and wind installations. China has surpassed its own record for solar installations by 45% in 2024. China has installed more than 6 times as much solar power in China today, according to the International Renewable Energy Agency.

Taiwan sends officials to the US to discuss possible Trump Tariffs

Kuo Jyh Huei, the Economy Minister, said that Taiwan sent officials to Washington, D.C., to discuss potential U.S. Tariffs by President Donald Trump. The government has also made preparations in case they are imposed. The possibility exists that Trump, who accused Taiwan of stealing American semiconductor business during his campaign last year, will actually follow through with his threats to impose tariffs on imported chip imports.

Zelenskiy says 'Let's do a deal', offering Trump mineral partnership, seeking security

In an interview on Friday with, Ukrainian President Volodymyr Zelenskiy pored over a map once classified of vast deposits of rare Earths and other vital minerals. This was part of an effort to appeal to Donald Trump’s love of deals. The U.S. President, whose administration is pushing for a swift end to Ukraine's conflict with Russia, stated on Monday that he wants Ukraine to provide the U.S.

DeepSeek fever fuels patriotic betting on Chinese AI stocks

Chinese investors are investing in AI-related stocks. They believe that the homegrown startup DeepSeek's artificial intelligence advancement will result in a boom for the sector, and give China the advantage in an intensifying Sino/U.S. tech war. As President Donald Trump re-energizes the trade war by imposing new tariffs, patriotic calls have fueled a frenzy of buying in Chinese chipmakers and software developers as well as data centre operators.

Citi increases gold forecasts due to tariff uncertainty and central bank demand

Citi Research raised its average gold price forecasts for the near term and 2025, citing geopolitical and trade war risks under U.S. president Donald Trump as well as robust central bank purchases. The bank raised its forecast for 2025 to $2.900 per ounce, up from $2.800, and increased its price target by three months to $3,000 an ounce. Trump imposed an extra 10% tariff on all Chinese imports to the U.S.

DeepSeek fever fuels patriotic betting on Chinese AI stocks

Chinese investors are investing in AI-related stocks. They believe that the homegrown startup DeepSeek's artificial intelligence advancement will result in a boom for the sector, and give China the advantage in an intensifying Sino/U.S. tech war. As President Donald Trump re-energizes the trade war by imposing new tariffs, patriotic calls have fueled a frenzy of buying in Chinese chipmakers and software developers as well as data centre operators.

Minister says Canada's Alberta is looking to Japan for new LNG contracts amid US tariff threats

Rebecca Schulz is the minister for environment and protected areas in Canada's Alberta, which is a major producer of gas. She said that expanding into Japan was an important goal in light of a U.S. Tariff threat. Schulz, in an interview with a Japanese journalist in Tokyo on Wednesday evening, said: "The United States is a good example of why we need to diversify the markets we export to.

US Energy Secretary criticizes net-zero policy in new order

According to a Wednesday order by Energy Secretary Chris Wright, the U.S. Department of Energy prioritizes expanding energy production above achieving net-zero emissions of greenhouse gases. The secretarial orders are meant to align the Department with President Donald Trump's priorities. Trump has called climate changes a hoax, and has pledged to maximize oil and gas production which is already at record levels.

Australian shares are led higher by banks and retailers.

Australian shares followed Wall Street's rise on Thursday. Financial stocks and consumer discretionary companies led the charge, after investor concerns about a global war of trade began to fade. As of 2350 GMT, the S&P/ASX 200 Index rose by 0.9% to 8,490.7. The benchmark closed Wednesday 0.5% higher. Overnight the Dow Jones Industrial Average in the U.S. rose 0.71%. The S&P 500 increased by 0.39%. Nasdaq gained 0.19%.

Orsted cuts 2030 investment plan by 25%

Orsted, a Danish renewable energy company, announced on Wednesday that it had decided to reduce its 2030 investment plan by 25% as the offshore industry struggles with rising costs and issues in the supply chain. The company will invest between 210 billion and 230 billion Danish Crowns ($29.32 to $32.12 billion), down from the previous target of around 270 billion Danish Crowns.

Vietnam's surplus trade with the US will reach a record high by 2024

Data released by the U.S. on Wednesday revealed that Vietnam's surplus in trade with the U.S. reached a record-high last year. This could complicate Hanoi's attempts to avoid trade tariffs imposed by the Trump administration. Analysts say Hanoi could be spared punitive measures if it pledges to increase its imports from the U.S. and takes other compensatory measures. The U.S.

Ukraine has the potential to store and buy LNG from US

Ukraine's foreign minister stated on Wednesday that Ukraine and other European countries have the ability to purchase and store liquefied gas (LNG), which is produced by the United States, in Ukraine. This could increase Europe's energy independence as transit routes from Russia are ending. The Ukraine, which was invaded three years ago by Moscow, was once an important…

Trump or BRICS? Russell: The dilemma for Africa's miner and government:

The world is likely to be splitting in two over the long-term, despite the volatility and uncertainty caused by President Donald Trump's tariffs. After removing Trump's bluster, and his often contradictory behavior, the message appears to be pretty clear. Trump's worldview is that the United States are the only ones who can be trusted. This presents a problem for the mineral-rich countries of Africa…

First Solar wins early victory for ESG group with the use of deep sea minerals

First Solar has agreed not to use minerals from the deep ocean. This is a win for shareholders and environmentalists, as well as a sign that their agenda may make progress in spite of opposition from U.S. president Donald Trump's government. According to an agreement summary provided by the advocacy group As You Sow, the Tempe-based photovoltaic company will not…

India reviews tariff surcharges on luxury goods, renewables and chemicals amid US pressure

India will review the import tariffs for over 30 items, including luxury cars and photovoltaic cells. This could lead to a rise in imports from America, according to a senior official at the finance ministry. To counteract President Donald Trump's increasing tariff actions, the Government has already reduced the tariffs on several products, including high-end cars, bikes, and chemicals, in the latest Budget.

Marubeni targets a net profit of over $4 billion in FY 2027/28

Marubeni, a Japanese trading company, said it aims to achieve a net profit in excess of 620 billion yen (about $4 billion) during fiscal 2027/2028. It also aims for a return on total shareholders of 40%. The company reported a 14.5% increase in its April-December net income to 425.2 billion Japanese yen. It also revised its forecast for the full year to March, from an earlier guidance of 480 million yen.

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