Green Hydrogen Goes From Hyped to Humbled on Eye-Popping Costs
A raft of projects to produce green hydrogen, a fuel billed as critical to reaching net zero, have been abandoned this year as expectations for tumbling costs failed to materialize.
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Cocoa Caps 2024 as Biggest Commodity Winner. It’s Not Over Yet
Cocoa’s rally has soared past all major commodities in 2024, and there’s little sign the tight supply and fragile trading landscape that prompted its near-vertical trajectory are in for a fast fix.
Party City Files for Bankruptcy a 2nd Time in Retail Déjà Vu
Party City Holdco Inc. plunged into bankruptcy for the second time in two years after sales faltered under the yoke of stubborn inflation.
Starmer Is Deepening China Ties While the UK’s Allies Turn Away
UK Prime Minister Keir Starmer’s pursuit of closer ties with China has raised private questions from Donald Trump’s incoming administration, European diplomats and even some senior British officials.
Nippon Steel Alleges Undue US Influence on Deal Review: Reuters
Nippon Steel Corp. alleges the White House had undue influence over a national security review of the Japanese company’s $14.9 billion bid for United States Steel Corp. and threatened legal action if the deal is blocked, Reuters reported.
Singapore Stocks’ Best Year Since 2017 Masks Downbeat Outlook
Singapore’s main stock index is on track to have its best annual performance since 2017, but any celebrations over the Straits Times Index’s 15% gain so far this year are likely to be overshadowed by doubts about what lies ahead.
Jump Trading’s Tai Mo Shan to Pay $123 Million in SEC Probe
Tai Mo Shan Ltd., part of Jump Trading’s crypto unit, agreed to pay $123 million to settle a US regulator’s claims it misled investors about the stability of the TerraUSD algorithmic stablecoin.
US Congress Sends Spending Deal to Biden on Brink of Deadline
The House passed funding to keep the US government operating until mid-March just hours before a midnight shutdown deadline, capping off a tumultuous two days in which two earlier plans pursued by Speaker Mike Johnson collapsed.
Mexico City to Boost Mobility, Security Ahead of FIFA World Cup
Mexico City is preparing for the 2026 FIFA World Cup with plans to increase investment in mobility and security next year, according to a top official.
US Wins Dispute With Mexico Over Genetically Engineered Corn
The US has prevailed in its dispute with Mexico over genetically modified corn that threatened shipments to America’s top customer of the grain.
Hedge Funds Boost Bullish WTI Bets Most in a Year on Sanctions
Hedge funds increased their bullish positioning on US crude by the most in more than a year on the prospect of sanctions on Iranian and Russian oil and the potential for additional Chinese economic stimulus.
Germany Reels After Car Attack at Christmas Market Kills Two
A suspected attacker drove a car into a Christmas market in Germany on Friday evening, killing at least two people, the Deutsche Presse-Agentur news agency reported.
Powell’s Battle-Ready Fed Gives the Trump Trade a Stress Test
A month ago, all anyone in markets could talk about was Donald Trump and how his blueprint for the US economy would sow growth, next year and beyond.
Hotel Operator Aimbridge, Lenders in Talks to Restructure Debt
A group of lenders to Aimbridge Hospitality LLC, including KKR & Co,. and Capital Research and Management Co., are in talks to restructure the hotel management company’s debt, according to people familiar with the situation.
Starmer Names Peter Mandelson as UK’s Next Ambassador to US
Prime Minister Keir Starmer has confirmed he is appointing trade expert and Labour Party veteran Peter Mandelson as the UK’s next ambassador to Washington.
Apollo Targets $5 Billion for High-Grade Income Fund
Apollo Global Management Inc. aims to raise more than $5 billion for a fund that invests in deals the firm originates in its high-grade capital solutions business.