Latest News
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Trump administration announces Boeing deals in Central Asia
The U.S. administration of President Donald Trump announced new deals on Thursday to sell Boeing aircraft to airlines in Central Asian countries Kazakhstan, Tajikistan, and Uzbekistan. The Commerce Department announced that Kazakhstan flag carrier Air Astana intends to purchase up to 15 Boeing 787 Dreamliners in order to modernize and expand its fleet. The C5+1 Summit, which took place in Washington to mark the 10th anniversary diplomatic meeting between the leaders of the five Central Asian Republics and the United States, signed the orders. Air Astana operates three Boeing 767 widebody aircraft that connect Kazakhstan to destinations in Europe, Asia, and the Middle East. Boeing says the new planes allow for expansion into North America. Commerce reported that Tajikistan’s national airline Somon Air intends to purchase up to 14 Boeing aircraft, including four 787s as well as 10 737 MAX planes. Uzbekistan Airways also plans to purchase eight additional 787 aircraft. Trade deals and negotiations between Trump and foreign governments have emphasized the importance of new Boeing planes made in the United States. As part of the trade agreements announced this year, Boeing won orders for hundreds new aircraft. China is one of the big orders that has not been finalized. Boeing has been reported to be in discussions to sell up to 500 jets in China. This would represent a significant breakthrough for the company, as orders in this market have stalled due to the U.S. China trade tensions. Reporting by David Shepardson, Daphne Psaledakis and Trevor Hunnicutt. Editing by Lisa Shumaker.
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Brussels airport temporarily suspended operations due to drone sighting
A spokesperson for Skeyes, the air traffic control company, said that operations at Belgium's Brussels Airport had temporarily been halted due to drone sightings on Thursday. The spokesperson did not specify how many drones were sighted. Local media reported that drones were also spotted in other parts, including at a military facility. On Thursday morning, the Belgian government called an urgent meeting of its key ministers and chiefs of security after drone sightings on Tuesday night forced the closure of two airports and one military airbase in what was described by the defence minister as a coordinated attack. Germany has announced that the Bundeswehr will supply Belgium with Short-notice Support in counter-drone capabilities. In recent months, drones have caused significant disruptions throughout Europe. They forced the temporary closure of airports in many countries. Some officials blamed the incidents upon "hybrid war" by Russia. Moscow denies any involvement in the incidents. (Reporting and editing by Chris Reese, Bart Meijer, Charlotte Van Campenhout)
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US strikes on Caribbean and Pacific have killed over 60 people as calls for investigation mount
According to the U.S. Secretary of Defense, the U.S. carried out 13 strikes on vessels in the Eastern Pacific Ocean and near the Venezuelan coastline since September, killing over 60 people. This is part of a growing military build-up in the Caribbean Sea. U.S. officials have claimed, without providing evidence, that the boats they bombed were carrying drugs. However, foreign leaders, members of Congress and legal experts, as well as the families of those who died, are demanding proof. Venezuela has said that the U.S. attacks on suspected drug dealers off South America's coast are illegal and amount to aggression. The United Nations chief of human rights called them "unacceptable," and they violate international human rights laws. Venezuelan President Nicolas Maduro accused Donald Trump, who has denied the claim, of wanting regime change. This accusation was downplayed by the U.S. President, despite reports that the administration has been in close contact with Venezuelan opposition. The U.S. increased its military presence in September with a nuclear sub and warships accompanying one of the world's biggest aircraft carriers. This prompted Maduro, who had already deployed tens and thousands of troops across the country, to beef up his security. U.S. officials have described some of those killed in the attacks as Venezuelans. Colombian President Gustavo Petro said that others were Colombians. The family of a Trinidadian believed to have been killed in a strike has demanded proof that he was a drug dealer. Here's a list with all the U.S. strike dates: Trump announced that 11 people died in a strike against a vessel suspected of carrying illegal drugs out of Venezuela on September 2. It is the first operation known since Trump's administration sent warships into the southern Caribbean. Venezuelan officials later denied that any of the 11 victims was a member of the Tren de Aragua group Trump cited. Trump announced that three men were killed during a strike against another alleged Venezuelan drugs vessel in international waters. He added that the boat was headed to the U.S. He did not provide any evidence that the boat carried drugs. SEPTEMBER 19, Trump announced that three men were killed during a second attack on a boat allegedly transporting drugs. OCTOBER 3 – Four people died in a strike on a vessel suspected of carrying drugs just off the Venezuelan coastline, according to U.S. Secretary of Defense Pete Hegseth. Trump claimed that six people had been killed in a new strike near Venezuela's coastline. He said they were drug dealers. Two people have been killed in a new strike in the Caribbean. It was the first time that survivors were involved, two Colombians and one Ecuadorean. They were quickly returned to their countries of origin. Colombia announced that its citizen would be "processed in accordance with the law." Ecuador has said that it does not have any evidence to hold its citizen, and has released him. Three people were killed by a strike on October 17. Hegseth claimed that the boat was owned by the National Liberation Army rebels (ELN), but Colombian President Gustavo Petro denied this, stating it belonged to a "humble" family. Hegseth’s claim was also denied by the ELN. Hegseth claimed that five people had been killed in two strikes on vessels in the eastern Pacific. He said they were suspected drug smugglers. This was the first U.S. military strike in the Pacific after Trump's anti-drug initiative. Hegseth claimed that six people died in the Caribbean on a vessel operated by the Tren de Aragua criminal gang. One survivor was left after three U.S. attacks on vessels that the U.S. claimed were transporting drugs to the eastern Pacific. Hegseth reported that Mexican authorities were in charge of the search and rescue operation to find the sole survivor. The Mexican Navy announced that it had suspended the search four days later. Hegseth claimed that four men were killed during a strike on a vessel in the Eastern Pacific. He said it was a drug ship. Hegseth reported that three men were killed on a vessel operating in the Caribbean. Hegseth reported that two men died in international waters of the Eastern Pacific in a vessel suspected to be a drug-trafficking vessel. Reporting by Michelle Nichols and Julia Symmes Cobb; Editing by Alistair Bell, Marguerita Choy, and Aurora Ellis.
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US strikes on Caribbean and Pacific kill over 60 people as investigations are demanded
According to the U.S. Secretary of Defense, the U.S. reported 13 strikes on vessels near Venezuelan shores and, more recently, the eastern Pacific Ocean. More than 60 people were killed. This is part of a growing military buildup along the Caribbean Sea. U.S. officials have claimed, without providing any evidence, that the boats they bombed were carrying drugs. However, foreign leaders, members of Congress and legal experts, as well as the families of those killed, have demanded proof. Venezuela claims that the U.S. attacks on suspected drug dealers off South America's coast are illegal and amount to murder, as well as an aggression against Venezuela, a sovereign South American nation. The Venezuelan president Nicolas Maduro accused Donald Trump seeking a regime change. This accusation was downplayed by the U.S. President, despite reports that the administration had been in close contact with Venezuela’s opposition. In September, U.S. military forces increased their presence in the Caribbean. This included a nuclear sub and a group warships that accompanied the largest aircraft carrier on earth. Maduro responded by bolstering security and deploying tens and thousands of troops across the country. The U.S. described some victims as Venezuelans while Colombian president Gustavo Petro said that others were his Colombians. The family of a Trinidadian believed to have been killed in a strike has demanded proof that he was a trafficker. Here's a list of U.S. strike dates: Trump announced that 11 people died in a strike against a vessel that was allegedly transporting illegal drugs from Venezuela on September 2. It is the first operation known since Trump's administration sent warships into the southern Caribbean. Venezuelan officials later denied that any of the 11 victims was a member of the Tren de Aragua group Trump cited. Trump announced that three men were killed during a strike against another alleged Venezuelan drugs vessel in international waters. He added that the boat was headed to the U.S. He did not provide any evidence that the boat carried drugs. SEPTEMBER 19, Trump announced that three men were killed during a second attack on a boat allegedly transporting drugs. OCTOBER 3 – Four people died in a strike on a vessel suspected of carrying drugs just off the Venezuelan coastline, according to U.S. Secretary of Defense Pete Hegseth. Trump claimed that six people had been killed in a new strike near Venezuela's coastline. He said they were drug dealers. On 16 October, two people were killed by another attack in the Caribbean. It was the first time that survivors were involved, two Colombians and one Ecuadorian. They were quickly returned to their countries of origin. Colombia announced that its citizen would be "processed in accordance with the law." Ecuador has said that it does not have any evidence to hold its citizen, and has released him. OCTOBER 17, 2017 - A strike killed three people. Hegseth claimed that the boat was owned by the National Liberation Army rebels (ELN), but Colombian President Gustavo Petro denied this, saying the boat was owned by a "humble" family. Hegseth has been denied by the ELN. Hegseth claimed that five people died in strikes on two vessels in eastern Pacific. He said they were drug smugglers. This was the first U.S. military strike in the Pacific after Trump's anti-drug initiative. Hegseth claimed that six people died in the Caribbean on October 24, claiming the vessel was run by the Tren de Aragua criminal gang. One survivor was left after three U.S. airstrikes against vessels that the U.S. claimed were transporting drugs to the eastern Pacific. Hegseth reported that Mexican authorities took charge of the search and rescue operation to find the sole survivor. Mexico's Navy announced that it would suspend the search four days later. Hegseth claimed that four men were killed during a strike on a vessel in the Eastern Pacific. Hegseth reported that three men were killed on a vessel operating in the Caribbean. Hegseth reported that two men died in international waters of the Eastern Pacific in a vessel suspected to be a drug-trafficking vessel. Reporting by Michelle Nichols and Julia Symmes Cobb; Editing by Alistair Bell, Marguerita Choy, and Aurora Ellis.
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In Indian ports, the urals differentials are lower and there is a steeper discount for the grade.
The price differential between Urals and Brent for December arrived in India on Thursday, as the flagship blend of Russia was traded at its steepest discount in over a year. This is due to new U.S. sanctions against Russia's top oil producers. The price difference for Russia's flagship Urals oil in Indian ports has widened from $2 to $4 per barrel under Brent for December arrival. This is the largest discount in about a month. According to estimates and shipping and trading sources, Russia's oil imports to western ports will decrease in November due to higher refinery runs but remain near the records set over the past few months. Lukoil - Russia's second largest oil producer - has begun diverting Caspian Oil flows from Baku, the capital of Azerbaijan, to Makhachkala, the Russian port, to combat Western sanctions. PLATTS WINDOW There were no bids or offers reported for Urals, Azeri BTC Blend or CPC blend crude in Platts. The Volgograd refinery of Russian oil giant Lukoil has stopped operations after being hit by Ukrainian drones. * ANALYSIS - Too large to swallow? Gunvor's acquisition of the Lukoil empire is not a simple one. Hugh Lawson, Hugh Lawson (Reporting)
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After drone sighting, traffic is halted in Gothenburg airport.
Traffic was halted at the Gothenburg-Landvetter Airport on Sweden's west coast on Thursday after one or more drones were observed at the airport, authorities said. In recent months, drones have caused significant disruption in Europe and forced the temporary closure of airports across several countries. Some officials blamed hybrid warfare on Russia for the incidents. Moscow denies any involvement in the incidents. A spokesperson for the civil aviation agency LFV confirmed that "a drone or drones" had been spotted at Landvetter Airport. Police received the report at 1641 GMT, and were on the scene to gather information. According to airport operator Swedavia, the airport is Sweden's 2nd largest after Stockholm's Arlanda. Susanne Norman, Swedavia's Chief Operating Officer, said that the airspace over Landvetter was currently closed because of indications of an suspected drone. She said that the airspace would remain closed until police could complete their investigation.
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CMA CGM abandons plans to stop Mali shipments due to safety and fuel concerns
CMA CGM reversed its decision to suspend cargo shipments into Mali due to safety concerns and fuel shortages, the French group announced on Thursday after a meeting the authorities. Early in September, the al-Qaeda-linked militant Jama'at Nusrat al-Islam wal-Muslimin announced a ban on fuel imports into this landlocked West African nation. Since then, the group has attacked convoys that were trying to enter the country and reach Bamako. CMA CGM stated in an email that "overland transportation has been severely impacted by security challenges and fuel shortages, in terms of transit times and costs." CMA CGM decided to continue its operations in Mali, which includes overland transportation, despite the conditions. It added that the company had met officials from Mali's Ministry of Transport earlier in the day on Thursday. CMA CGM, the largest shipping company in the world, issued a customer alert on Wednesday, stating that road shipments were suspended to Mali until further notice. The company also offered its clients the option to store their cargo, return it to Mali or to change the port destination. Security analysts claim that JNIM has not yet seized Bamako's 4 million-person city, which they briefly attacked in 2013. The military leaders who will take power in 2021 face the greatest challenge to date. This is because the group's plan to gradually starve Bamako, force schools to close and deny businesses diesel-generated electricity presents the most grave threat to them yet. Reporting by Anait Miridzhanian, Mali newsroom. Gus Trompiz contributed additional reporting. Mark Potter (Editing)
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Aeromexico is valued at $2.8 Billion in NYSE debut, four years after bankruptcy.
The shares of Grupo Aeromexico, which is backed by Apollo, rose 0.84% on their New York Stock Exchange debut Thursday. This valued the Mexican airline near $2.8 billion nearly four years after it emerged from bankruptcy. The opening price of shares in the company was $19.16, which is just above the $19 issuance price. Aeromexico, along with some of its current shareholders, sold 11,7 million American Depositary Shares in an initial public offer on Thursday. The price was at the midpoint between its advertised range of $18 and $20. This raised $222.8 millions. The listing is part of a rebound in the IPO markets following a slowdown triggered primarily by President Donald Trump’s changing trade policies, and increased market volatility. The Federal Reserve has cut interest rates and boosted the demand of investors for new offerings. However, a prolonged shutdown in the government has caused delays. Aeromexico debuts also coincides with the Trump administration. Crackdown on Mexican Airlines over Competition Investors are cautious and awaiting regulatory clarity. The U.S. Department of Transportation is fighting a legal battle over an order to cancel several Mexican airline routes. Joint venture between Delta and Aeromexico This allows the carriers to coordinate pricing, scheduling and capacity. Aeromexico had applied for an American listing in the past year, backed both by U.S. airline Delta and alternative asset manager Apollo Global. In February, CEO Andres Conesa stated that The market conditions at the time were not optimal for listing. Mexico's legacy airline Aeromexico filed Chapter 11 bankruptcy in 2020 After the pandemic, travel demand was crushed and its Restructuring in January 2022 After lowering costs, and upgrading to larger, more efficient planes, the company will be able to afford this. Barclays was the lead book-running manager for the listing. J.P. Morgan, Evercore, and Morgan Stanley were also involved. Reporting by Prakhar Shrivastava, Bengaluru. Editing by Sahal Muhammad and Shakesh Kuber.
Stocks to view as White Home race goes into last stretch
Just days ahead of the Nov. 5 governmental election in the U.S., investors are attempting to determine how stock markets will react as polls and wagering platforms point to a tight race in between Vice President Kamala Harris and previous President Donald Trump.
Harris' lead over the Republican politician has actually dwindled to a single percentage point in the last stretch of the presidential contest, according to a Reuters/Ipsos survey released on Tuesday. A bulk of a dozen experts that Reuters spoke to expect a. Trump go back to increase equity markets, with some favoring a split. federal government.
Crypto stocks
and small-caps have gotten in the lead as much as the election.
Trump's promise to cut corporate taxes and decrease. policies might improve markets in the short-term if he wins,. said Bel Air Financial investment Advisors Chairman Todd Morgan.
On the other hand, Trump has actually promised to
double down on trade tariffs
, particularly against China, and
rescind
all unspent funds under a signature Biden-Harris environment. law that includes numerous billions of dollars in aids. for electrical automobiles, solar and other tidy energy. technologies.
A divided Congress might be the very best outcome as it limits what. the president can accomplish and invest, according to Brian. Klimke, primary market strategist at Cetera Financial investment Management.
Here's a list of stocks and sectors that could carry on the. election result:
TRUMP TRADE
BANKS: A Trump win or Republican sweep could lift Wall Street. banks such as JPMorgan Chase, Bank of America. and Wells Fargo on enhanced domestic investment, looser. policies, domestic task additions and tax cuts, Bank of. America experts stated. Nevertheless, concerns around a broader trade deficit and tariffs are. deemed unfavorable for the sector. M&A recipients consist of Goldman Sachs, Morgan Stanley. , Lazard and Evercore amidst a more lenient. technique to antitrust guideline enforcement.
CRYPTO: A more receptive regulatory technique to digital assets. under a Trump win might benefit crypto stocks, according to TD. Cowen experts who highlighted the probability of the former. president naming a pro-crypto SEC chair. MicroStrategy, Riot Platforms, MARA Holdings. , Hut 8 and Bit Digital climbed in between. 3.4% and 45% in October.
ENERGY: Morgan Stanley experts think a Trump presidency could. prioritize decreasing the regulative problem on domestic oil and. gas production, while considering the possibility of more. limiting trade policies.
Trump's assistance for nonrenewable fuel source markets could benefit. oil and gas stocks, as he would likely pursue policies that. favor domestic energy production, said Daniela Hathorn, senior. market expert at Capital.com.
Trump might utilize authority to quickly increase. production levels, which would benefit exploration business. such as Chevron, Exxon Mobil, and ConocoPhillips .
He could likewise reverse the Biden administration's time out on. allowing brand-new LNG export jobs, most likely benefiting Baker. Hughes and Chart Industries. However, Trump's. proposed 60% tariff on imports from China could strike LNG. exporters like Cheniere Energy and New Fortress Energy. in case of any vindictive actions.
TRUMP-RELATED STOCKS: Trump Media & & Technology Group, in. which Trump owns a bulk stake, software application company Phunware. and video-sharing platform Rumble stand to acquire. further if he wins. Both Phunware and Trump Media & & Technology. have actually doubled in October after slow efficiency in recent. months.
JAIL OPERATORS: Geo Group and CoreCivic. may benefit from Trump's re-election, on promises of a crackdown. on illegal migration and constraints on legal immigration,. which could boost need for detention centers.
PROVIDERS: Wells Fargo experts said the proposed tariff on. Chinese imports under a Trump term could hurt need for parcel. carriers FedEx and United Parcel Service, and. forwarder C.H. Robinson Worldwide, which have. significant exposure to China.
SMALL-CAP STOCKS: U.S.-focused companies could take advantage of. company rewards and tariffs that favor domestic production. The small-cap Russell 2000 index has actually risen nearly 9% so. far in 2024.
HARRIS BASKET
HOMEBUILDERS: Harris' pledge to construct more homes and decrease. expenses for occupants and home buyers largely through tax. rewards, paired with a benign interest-rate environment,. could improve homebuilders D.R. Horton, KB Home,. Lennar, PulteGroup, Zillow Group and Toll. Brothers.
HEALTH CARE: The sector has actually been a crucial focus for the Harris. project. She has vowed to cut healthcare expenses by implementing caps on. prescription drug rates, such as limiting insulin rates to. $ 35. This could weigh on profit margins for pharmaceutical. giants such as Eli Lilly, Merck, and Pfizer . Andrew Wells, CIO of SanJac Alpha, however, expects healthcare. insurers such as Humana and UnitedHealth Group. to most likely take advantage of broadened protection under a Harris. presidency.
CORPORATE TAXES: Harris' proposition to tax corporations and the. rich includes a 28% business tax rate and that might assist. the U.S. deficit. According to Stock Analysis, Microsoft, Apple,. and Alphabet were the three firms taking on the. highest earnings taxes over the previous 12 months, jointly. amounting to $67.73 billion.
It is extremely unlikely to see a blue wave, however if that. happens, the marketplace reaction could be briefly unfavorable due. to the prospects of greater business tax rates, stated Cetera's. Klimke.
RENEWABLE STOCKS: Green energy is poised to prosper under Harris,. with the potential for increased rewards and helpful. policies in addition to regulations on huge oil companies, according to. Capital.com's Hathorn. Harris will aim to substantially minimize contamination by 2035,. aligning with the Paris Agreement-- a climate pact Trump has. promised to withdraw. Major U.S. renewable energy firms such as NextEra Energy. and hydrogen producers including Plug Power and Blossom. Energy could likewise benefit.
(source: Reuters)