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Nissan is set to implement a new leadership structure under president Ivan Espinosa, aiming to streamline decision-making by reducing corporate executives. The company plans to launch at least 13 new models by 2028, including hybrid versions of the Rogue SUV, while also seeking a partner for next-generation software development after failed merger talks with Honda. Despite these efforts, Nissan anticipates a net loss for the current fiscal year, marking its first in four years.
Nippon Steel and US Steel are negotiating a deal to secure a $14 billion merger, with Nippon offering to increase its investment in US Steel facilities from $2.7 billion to as much as $7 billion. The discussions involve the US government, with Nippon Steel's president confirming ongoing negotiations to finalize the equity purchase terms and future investment plans.
Bank of America CEO Brian Moynihan anticipates no interest rate cuts this year, citing persistent inflation. He discussed the impact of President Trump's new 25% auto tariffs, predicting higher car prices and slower vehicle purchases, while noting that consumer spending remains strong despite declining sentiment. Moynihan emphasized that employment and wage growth are crucial for consumer confidence amid ongoing economic uncertainties.
President Donald Trump has announced a 25% tariff on auto imports, set to take effect in April, aimed at boosting domestic manufacturing and generating $100 billion annually. While he stated that Tesla CEO Elon Musk did not influence this decision, he suggested the tariffs could be "net neutral or good" for companies with U.S. plants.Tesla has warned the U.S. Trade Representative about potential sourcing challenges for certain components due to the tariffs, which have sparked global outrage and calls for countermeasures from countries like Germany and Japan. The American Automotive Policy Council has urged that tariffs should not burden consumers or harm competitiveness.
Global poultry trade is projected to remain robust in 2025, driven by tight protein supply and rising consumption, despite challenges from avian influenza and geopolitical tensions. While most regions experience profitable conditions, China faces economic difficulties and oversupply issues. Vaccination against avian flu is gaining traction in several countries, with successful implementations noted in France and parts of Asia and Latin America.
Deutsche Bank warns that the Federal Reserve's potential withdrawal of its liquidity backstop could jeopardize the dollar's status as a reserve currency, marking the most significant risk since World War II. Concerns about the reliability of Fed swap lines may prompt global de-dollarization, especially among Western allies, as countries like China and Russia continue to reduce their reliance on the US financial system. The Fed's role as the world's lender of last resort is crucial, and any hesitation to provide liquidity could lead to increased demand for dollars and destabilize US asset markets.
Tesla is less impacted by Trump's new auto tariffs due to its largely domestic production and supply chain, with analysts noting potential benefits in the U.S. market. However, the company faces challenges in Europe and Canada, where reduced incentives and policy headwinds threaten demand. Despite a recent stock increase, Tesla's shares have dropped over 40% since December amid growing criticism and protests against the company.
Deutsche Bank warns that the Federal Reserve's potential withdrawal of its liquidity backstop could jeopardize the dollar's status as a reserve currency, marking a significant risk since World War II. Informal discussions among European officials suggest concerns over the reliability of Fed swap lines, which allow global institutions to borrow dollars during financial stress. Such fears could drive a shift towards de-dollarisation among America's Western allies, especially if the Trump administration influences the Fed's actions.
Societe Generale is closely monitoring the volatile dollar, which recently fluctuated between a near dip below 100 and a rebound above 110 on the Dollar Index. This instability reflects various economic factors, including Germany's fiscal adjustments and uncertainties in the US political landscape, with a modest GDP growth forecast of 1.7%. While the bank remains optimistic about global fiscal policies, particularly Germany's increased defense spending, it expresses caution regarding the US economic environment and its potential impacts on currency markets.
Trump's new auto tariffs are expected to impact the global automotive industry significantly, but Tesla may be less affected due to its domestic production and supply chain. While Tesla's stock has seen a decline of over 40% since December, analysts predict it will report around 398,000 vehicle deliveries for Q1. However, challenges persist in Europe and Canada, where political sentiment and reduced incentives threaten Tesla's competitive position.
JPN
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