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Morning Bid AMERICAS - Megacaps mixed with Fed pause; ECB cuts and GDP next

Mike Dolan gives us a look at what the U.S. market and global markets will be like today. With Federal Reserve policy likely to be paused until next year and megacaps delivering mixed results, overnight stock markets were calm as they shifted their attention towards European interest rates and an assessment of U.S. GDP for the fourth quarter. Microsoft's and Meta's quarterly results after the bell Wednesday attracted different reactions. China's DeepSeek disclosure this week has thrown the artificial intelligence topic into flux more generally. Microsoft shares fell 4% overnight due to their heavy AI spending, which was defended by...

Passenger Transportation Services

RPT-What were the aircraft associated with midair crash in Washington DC?

An American Airlines regional traveler jet and a U.S. Army Black Hawk helicopter crashed into the frigid Potomac River after a midair collision near Reagan Washington National Airport on Wednesday night, authorities stated. Below are the details of the aircraft included: UH-60 Black Hawk Helicopter The Skikorsky UH-60 Black Hawk is among the most ubiquitous and renowned military helicopters, filling several functions for the U.S. armed force, including air attack, basic assistance, medevac, command and control, and unique operations support. The airplane associated with the Jan. 29 crash was flying with the call indication PAT25 and had three residents, according...

Passenger Transportation Services

Wall Street Journal - Jan 30

The following are the top stories in the Wall Street Journal. Reuters has not validated these stories and does not guarantee their precision. - Meta Platforms has actually accepted pay approximately $25. million to settle a 2021 suit that U.S. President Donald. Trump brought versus the company and its CEO after the. social-media platform suspended his accounts following the. attack on the U.S. Capitol that year. - SoftBank remains in speak with invest $15 billion to $25. billion in OpenAI, possibly deepening the relationship. in between the 2 companies that are already planning a. substantial artificial-intelligence infrastructure effort. - An...

Passenger Transportation Services

British Company - Jan 30

The following are the leading stories on the business pages of British papers. Reuters has not verified these stories and does not attest their accuracy. The Times - Ryanair Chief Executive Michael O'Leary has actually stated that he anticipates U.S. President Donald Trump's administration will be far more encouraging of the hoped-for healing at Boeing than the previous administration. - British automotive parts provider Dowlais has become the current British public business to attract interest from a U.S. peer American Axle after agreeing on an offer that values the group at 1.2 billion pounds ($ 1.49 billion). The Guardian -...

Passenger Transportation Services

Boom Supersonic XB-1 breaks over Mojave Desert

About 35,000 feet (10,670 meters). over the Mojave Desert, northwest of Los Angeles, Boom. Supersonic's XB1 became the very first independently funded airplane to. break the sound barrier during a test flight on Tuesday. She was genuine pleased supersonic, Boom Chief Test Pilot. Tristan Geppetto Brandenburg stated after landing, in a video. posted by Boom Supersonic. That's the very best she's ever flown,. was supersonic. After getting to altitude, Brandenburg opened the test. aircraft's throttles, speeding up to Mach 1.1, or about 845 miles per hour. ( 1,360 kph)-- faster than the speed at which sound travels. In 1947, Chuck...

Passenger Transportation Services

India and China agree to resume flight, help with exchange of journalists

India and China have consented to resume direct air services after nearly 5 years, India's foreign ministry stated on Monday, signalling a. thaw in relations between the neighbours after a fatal 2020. military clash on their challenged Himalayan border. Both sides will negotiate a structure on the flights in a. conference that will be held at an early date, the ministry stated. after a meeting between India's top diplomat and Chinese Foreign. Minister Wang Yi. China's foreign ministry confirmed this on Tuesday, including. that another conference in between authorities at the vice-ministerial. level accepted assist in the exchange of reporters...

Passenger Transportation Services

India and China accept resume air travel after almost 5 years

India and China have agreed to resume direct air services after nearly 5 years, India's foreign ministry said on Monday, signalling a thaw in relations between the neighbours after a deadly 2020 military clash on their challenged Himalayan border. Both sides will work out a framework on the flights in a conference that will be held at early date, the ministry said after a conference in between India's top diplomat and his Chinese counterpart. Stress soured between the 2 countries after the 2020 clash, following which India made it tough for Chinese companies to buy the nation, prohibited hundreds of...

Passenger Transportation Services

Duck DNA in both engines of Jeju Air aircraft that crashed, report says

Both engines of the Jeju Air plane that crashed last month consisted of duck remains, according to a preliminary report on Monday, with authorities still trying to figure out what triggered the most dangerous air disaster on South Korean soil. The six-page report released by South Korean authorities a month after the crash stated both engines of the Boeing 737-800 jet included DNA from Baikal Teals, a kind of migratory duck that flies to South Korea for winter season in substantial flocks. But the report provided no preliminary conclusions about what may have triggered the aircraft to land without its...

Passenger Transportation Services

Last minutes of Jeju Air flight before South Korea's deadliest air catastrophe

South Korea launched on Monday a. preliminary report on its examination into a Jeju Air crash on. Dec. 29 at Muan International Airport that killed 179 individuals in. the most dangerous air disaster on the country's soil. The following are the final minutes of Flight 7C2216 as. supplied by the initial report, South Korea's transport. ministry and fire authorities. Perpetuity are Korea Standard Time (GMT +9). 8:54:43 a.m. - Jeju Air 7C2216 contacts Muan airport air. traffic control as it makes the final approach and is offered. clearance to arrive on runway 01, which is orientated at 10. degrees east...

Passenger Transportation Services

South Korea to release initial report of Jeju Air crash by Monday

South Korea will release by Monday a preliminary report on last month's Jeju Air airplane crash that eliminated 179 people, the most dangerous air catastrophe on the country's soil, the transportation ministry said on Saturday. One area under investigation is what role a bird strike played in the Dec. 29 crash of flight 7C2216 as it reached Muan International Airport from Bangkok, according to a ministry statement. The report will be sent out to the International Civil Aviation Organization along with the United States, France and Thailand, the ministry stated. Seoul has been working together with private investigators from the...

Passenger Transportation Services

Airlines very carefully return to Middle East

Concerns about conflict in the Middle East have prompted airline companies to suspend flights to the region, but with the ceasefire between Israel and Hamas in place, some are meticulously resuming their services Below are some of the airline companies that have actually suspended services. and those that have recently begun resuming them: AEGEAN AIRLINES The Greek airline company in August cancelled flights to and from Beirut until March 29. AIR ALGERIE The Algerian airline has actually suspended flights to and from Lebanon up until additional notification, it said on Aug. 1. AIRBALTIC Latvia's airBaltic has actually cancelled flights to...

Passenger Transportation Services

Santos delays Dorado oil and gas job choice; partner Carnarvon shares tumble 23%.

Santos has successfully stalled plans for a Western Australian oil and gas project worth over A$ 3 billion ($ 1.87 billion), sending minority partner Carnarvon Energy's, shares tumbling on Tuesday. Carnarvon's shares closed about 23% lower, ending the day as the leading loser on the regional all ordinaries index, after the firm stated Santos had actually dumped strategies to purchase an oil production and storage vessel at the Dorado task and expressed intents against starting engineering and style work. Shares of Santos, which owns 80% of the Dorado job, ended 2.2% lower on Tuesday. Carnarvon and Taiwan's state-owned CPC Corporation...

Ground Transportation

Ground Transportation

Hong Kong's CTF Solutions in speak to sell China toll roads for $2 bln, Bloomberg News reports

Hong Kong's CTF Providers, part of the corporation owned by billionaire tycoon Henry Cheng and family, remains in early talks with China's stateowned Yuexiu Group to offer a bundle of interstate worth $2 billion, Bloomberg News reported on Tuesday. The construction company, previously referred to as NWS Holdings, has also held talks with other buyers and could offer the package of roadways in smaller chunks, the report said, pointing out unnamed sources. CTF Services and Yuexiu did not right away react to Reuters requests for remark. The potential sale becomes part of a tactical evaluation of possessions to raise money...

Ground Transportation

BP types offshore wind joint venture in renewables pull away

BP and Japanese power generator JERA have agreed to sign up with forces to form one of the world's biggest overseas wind operators, a major step in CEO Murray Auchincloss' efforts to reduce BP's focus on renewables. BP's retreat from overseas wind shows a similar trend at competitors Shell and Equinor, which are trying to boost near-term earnings by investing more on higher-return oil and gas operations. The 50-50 endeavor, called JERA Nex bp, will pool together operating properties and advancement projects with a potential generation capability of 13 gigawatts (GW), the two companies stated in a statement. The partners...

Ground Transportation

JD Logistics to buy remaining stake in Kuayue-Express for $892 mln

Hong Konglisted JD Logistics will get the 36.43% stake it does not currently own in KuayueExpress Group for not more than 6.48 billion yuan ($ 892 million), the business stated on Friday. Under a contract, Suqian Jingdong Bohai Enterprise Management, a system of JD Logistics, will acquire the staying stake in Kuayue-Express. JD Logistics got a controlling stake in Kuayue-Express, a logistics providers in China, in 2020 to further improve its freight business and reinforce its services. The acquisition of Kuayue-Express will allow JD to focus on even more synergies between the companies and accelerate its development and competitiveness, JD...

Transportation

Ground Freight

Ground Freight

Automaker group submits suit to block US automatic emergency situation braking guideline

A group representing major automakers stated on Friday it filed a claim to obstruct a. landmark rule from the administration of President Joe Biden. requiring nearly all brand-new cars and trucks and trucks by 2029 to have. innovative automated emergency situation braking systems. The Alliance for Automotive Development, representing General. Motors, Toyota Motor, Volkswagen and. other automakers, said the guideline settled in April by the. National Highway Traffic Security Administration is almost. difficult with offered technology. The group asked the U.S. Court of Appeals for the District. of Columbia to overturn the rule. NHTSA declined to comment. The alliance stated...

Ground Freight

Brazil freight lobby sees grain shipping disturbances in wake of brand-new toll guideline for trucks

A freight lobby has actually warned of the risk of logistical collapse after Brazilian transportation firm ANTT altered payment system guidelines for trucks moving countless lots of agricultural commodities and other freight, according to a declaration on Thursday. Intro of electronic tags as the only accepted ways of payment comes as Brazil starts gathering a huge soybean crop of nearly 170 million heaps, stated Carley Welter, executive director at ANATC, a national association of freight companies. ANATC, whose members have actually 2.2 million signed up truck drivers, said firms supplying the tags have been not able to meet high demand....

Ground Freight

Record number of activist financiers joined investor disobedience in 2024

A record number of activist investors installed campaigns at international companies in 2024, a. Barclays report revealed on Thursday, as their pressure techniques. produced strong returns, and more development is likely this year. Looking back to 2024, it feels nearly as if there was a. shareholder revolt, said Jim Rossman, global head of. shareholder advisory at Barclays. In 2024, 160 investors such as hedge funds pushed companies. to make moves like improving technique and operations or firing. presidents, consisting of 45 who deployed the method for the. first time, Barclays stated. That's up more than 18% from 135 investors in...

Ground Freight

Trump tariffs could intensify United States trucking industry slump, experts state

Presidentelect Donald Trump's threatened tariffs on the top trade partners China, Mexico and Canada would deal a blow to the $1.7 trillion U.S. transportation industry and worsen a nearly threeyear trucking recession, sector experts stated. The market that moves whatever Americans make and buy is considered a financial bellwether, and will be amongst the first to signify any unexpected consequences of trade policies that Trump says will assist, not hurt, U.S. organizations. Tariffs like those proposed will raise costs, and higher rates suggest less need. Less demand equates to less freight, stated Jason Miller, interim chair of the department of...

Ground Freight

Ethnic strife frustrates peace efforts in India's Manipur

Shooters took 6 captives this month while exchanging fire with troops in India's. northeastern state of Manipur after a rocketpropelled grenade. decreased lorries and homes to charred hulks in the sloping. district of Jiribam. Ethnic clashes over land and quotas in education and. federal government jobs have killed a minimum of 258 people and displaced. more than 60,000 given that in 2015 in the greatest law-and-order. failure for Prime Minister Narendra Modi's celebration, which guidelines. the state. Retaliatory fire by troops killed at least 10 gunmen in the. Nov. 11 attack, which authorities blamed on the Hmar group among. the...

Ground Freight

United States rejects bid to reconsider new vehicle automated emergency braking rules

The U.S. National Highway Traffic Security Administration said on Monday it will not reconsider a landmark rule settled in April requiring nearly all new cars and trucks by 2029 to have actually advanced automated emergency braking systems. The Alliance for Automotive Innovation, representing General Motors, Toyota Motor, Volkswagen and other automakers, had actually stated the requirement that all cars and trucks and trucks need to have the ability to stop and prevent striking automobiles in front of them at as much as 62 miles per hour (100 kph) is virtually. impossible with available technology and had asked the agency. to...

Ground Freight

US not-for-profit to spend $250 mln on electrical trucks to rent at California ports

U.S. not-for-profit Climate United on Tuesday announced a plan to invest as much as $250 million to buy as lots of as 500 electrical semi trucks over 3 years in what it called the biggest single order of those zeroemissions trucks in the nation up until now. Environment United then intends to rent those automobiles at attractive rates to truckers that carry containers to and from California seaports, where approximately 33,000 so-called drayage trucks need to have zero tailpipe emissions by 2035. The program might offer a much-needed shock to the adoption of heavy-duty electrical trucks that now account for...

Ground Freight

In September, Russian LME aluminum stocks accounted for 66% total.

LME data on Thursday showed that the share of aluminium stock of Russian origin available in warehouses approved and approved by London Metal Exchange (LME), fell to 66% from 67%, slightly. Data showed that the share of aluminum of Indian origin increased from 31% to 32%. All origins: Stocks of aluminium on-warrant in LME registered warehouses In September, prices rose 13% after three consecutive months of decline. The LME decided to ban all Russian aluminum, copper and Nickel produced after April 13 to comply with U.S. & British sanctions over Russia's invasion of Ukraine in 2022. The data revealed that...

Ground Freight

China's BingEx surges after lukewarm start in Nasdaq launching

Shares of China's BingEx rose 17% on Friday as the carrier delivery company brushed off a. slow start to its Nasdaq launching. The business, which brands its services as FlashEx, priced. its IPO at $16.50 each. Shares opened flat for trading, bring. an appraisal of $1.17 billion. Chinese business are gradually returning to drift on U.S. markets following a long hiatus after ride-hailing huge Didi. International delisted in 2021 due to press from regulators. EV maker Zeekr's debut previously this year was the. first huge listing by a Chinese company in the U.S. since then. BingEx sold 4 million American...

Ground Freight

Chinese courier firm BingEx valued at almost $1.2 bln in US IPO

China's BingEx said on Friday it had raised $66 million in its U.S. going public valuing the courier delivery company at $1.17 billion, signaling a recovery in financiers' risk hunger and easing regulatory obstacles. The company, which brands its services as FlashEx, sold 4 million American depositary shares (ADS) in the offering priced at $16.50 each. It had actually intended to offer shares at a variety in between $ 15 and $17. The IPO bodes well for the broader market which had been depressed for nearly 2 years due to higher-for-longer interest rates and chaos in the stock markets. The...

Ground Freight

LME monitors tightness in aluminium market after spike in spread

The London Metal Exchange ( LME) is tracking tightness in the aluminium market, which has seen an essential spread shoot to a considerable premium and one party generate a large long or bullish position in the October agreement. The LME is carefully keeping an eye on the tightness in the aluminium market and has the needed controls in location to guarantee continued market orderliness, the LME stated on Wednesday in reaction to an ask for comment. The premium of LME October aluminium over November struck $18 a. metric heap on Wednesday from a premium of $5.85 about 3. weeks earlier...

Ground Freight

RPT-LME to authorize Hong Kong for warehousing by end-2024, sources state

The London Metal Exchange ( LME) is set to approve the expansion of its international metals warehousing network into Hong Kong before completion of this year, 3 sources with knowledge of the matter stated, opening the door to mainland China. Registering warehouses in China, the world's biggest consumer of commercial metals, to keep metal traded on the LME has been a strategic aim because Hong Kong Exchanges and Cleaning ( HKEx) bought the LME in 2012 for $2.2 billion. Broadening into Hong Kong would indicate a considerable increase to LME trading volumes. In a discussion made to the LME's warehousing...