{
}
Seven & i Holdings is set to announce a new CEO and a restructuring plan amid a $47 billion takeover bid from Alimentation Couche-Tard. Stephen Dacus, the lead outside director, is expected to succeed Ryuichi Isaka, marking the first time a foreign-born executive will lead the company. The restructuring may involve selling non-core assets to Bain Capital for over 700 billion yen, as the company faces pressure from investors and a competitive bidding landscape.
The Australia 200 index fell 63 points (-0.78%) to 8077, marking its eleventh decline in 14 sessions, despite positive global news. The energy sector dropped 5.9% this week, while the financial sector nears February lows. In contrast, the technology sector gained, buoyed by a rally in the US Tech 100.
Huawei's Aito M8 and updated M9 crossovers have begun presales in China, with the M8 priced at 368,000 yuan (50,650 USD) and the M9 at 478,000 yuan (65,790 USD). The M8 features a dual-motor 4WD system and a range of 1,526 km, while the M9 boasts ten tech updates, including enhanced ADAS with four LiDAR sensors. Deliveries for both models are set to commence soon, with the M8 launching in April and the M9 this month.
US stocks declined amid new tariffs on Mexico, Canada, and China, raising inflation risks and complicating the Federal Reserve's monetary easing path. While volatility is expected, resilient earnings and AI-driven growth may support equity gains, with the S&P 500 projected to reach 6,600 by year-end. Concerns over tech supply chains and retaliatory tariffs from Canada and China add to market uncertainty.
The global Radio Access Network (RAN) market experienced a significant decline of nearly $9 billion in 2024, marking the steepest drop in over 20 years. Despite this downturn, Huawei and Ericsson gained market share, with Huawei dominating the Chinese market due to strong government support and cost-effective solutions, while Ericsson capitalized on its presence in North America and Europe amid Huawei's regional restrictions. Nokia, Samsung, and ZTE struggled to compete, facing challenges in securing contracts and expanding their global presence.
The euro is gaining traction, trading above 1.07 dollars, following a significant financial package agreement between CDU/CSU and SPD. Investors are optimistic about economic stimulus in the eurozone, while concerns over U.S. tariffs and inflation weigh on the dollar. The ECB's upcoming meeting and U.S. labor market report are key events to watch.
US stocks experienced volatility as new tariffs on Mexico, Canada, and China were imposed, leading to a 1.2% decline in the S&P 500. Canada and China retaliated with their own tariffs, raising concerns about economic momentum and inflation risks. Despite these challenges, strong demand for AI and resilient corporate earnings may support long-term equity growth.
HUAWEI Mobile Services is enhancing the tourism experience in Spain by partnering with the Ministry of Tourism and Foreign Affairs of Andalucía and Madrid City Council Tourism. Through data-driven insights and innovative marketing strategies, the collaboration aims to attract Chinese tourists by promoting decentralized and off-peak travel, aligning with sustainable tourism practices. This initiative reflects a commitment to adapting to the evolving demands of the Chinese market and strengthening Spain's position as a premier travel destination.
Gold and silver prices are expected to rise, driven by geopolitical tensions and increased demand, with UBS forecasting gold could reach $3,000 and silver $38 per ounce. In contrast, platinum and palladium face challenges due to declining demand and production issues, leading to uncertainty in their markets.
In February, China's retail sales of new energy vehicles (NEVs) reached 720,000 units, marking an 85% year-on-year increase but a 3% decline from January. Overall passenger vehicle sales were 1.397 million units, up 26% year-on-year but down 22% from the previous month. Cumulative NEV wholesale sales for the year hit 1.732 million units, reflecting a 49% year-on-year growth.
Chinese Yuan
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
seven and i to announce new ceo amid takeover bid and restructuring
Chinese Yuan
United States Dollar
Japanese Yen
Canadian Dollar
Alimentation Couche-Tard Inc.
Fast Retailing Co. Ltd.
Seven & i Holdings Co. Ltd.
CAN
JPN
Ryūichi Isaka
Stephen Dacus
Paul Yonamine
Show more
05:34 06.03.2025
Australia 200 declines despite positive global economic news and mixed sectors
Euro
United States Dollar
Chinese Yuan
WiseTech Global Ltd.
Commonwealth Bank of Australia
National Australia Bank Ltd.
Mineral Resources Ltd.
Australia and New Zealand Banking Group Ltd.
CHN
DEU
AUS
Show more
05:06 06.03.2025
huawei launches presales for new aito m8 and updated m9 crossovers
04:35 06.03.2025
tariff escalation raises inflation risks and impacts equity markets
17:00 05.03.2025
huawei and ericsson gain market share amid global ran market decline
Euro
United States Dollar
Chinese Yuan
Deutsche Telekom AG
KOR
CHN
DEU
USA
Baburajan Kizhakedath
Stefan Pongratz
Show more
16:08 05.03.2025
euro gains momentum as financial package boosts eurozone economic outlook
Canadian Dollar
Euro
United States Dollar
Chinese Yuan
Mexican Peso
CHN
DEU
CAN
USA
Christine Lagarde
Show more
15:58 05.03.2025
trade tensions escalate as us imposes new tariffs on mexico canada and china
United States Dollar
Chinese Yuan
Canadian Dollar
Mexican Peso
CAN
USA
MEX
CHN
Howard Lutnick
Show more
15:51 05.03.2025
huawei mobile services partners with spain to enhance chinese tourism experience
14:14 05.03.2025
gold and silver prices rise amid market uncertainties while platinum and palladium struggle
Euro
United States Dollar
Chinese Yuan
Canadian Dollar
CAN
USA
CHN
ZAF
John Williams
Donald Trump
Show more
13:15 05.03.2025
China's NEV sales show year-on-year growth despite February decline
11:30 05.03.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Retail and Consumer Goods
CEO Changes
Startups & Entrepreneurship
Financial Scams and Security
Banking Regulations
Global Financial Events
Finance Mergers & Acquisitions
Market Analysis and Predictions
Workplace Trends
Central Bank Actions
Hedge Funds & Private Equity
Industry Mergers & Acquisitions
Global Trade Developments
Government Economic Policies
Corporate Social Responsibility
AI Innovations
Supply Chain Management
Countries:
Companies:
Wells Fargo & Company
Bank of America Corporation
The Goldman Sachs Group, Inc.
Tesla, Inc.
Barclays PLC
NatWest Group plc
Apple Inc.
JPMorgan Chase & Co.
Lloyds Banking Group plc
Mastercard Inc
Visa Inc.
Santander UK plc
Morgan Stanley
Mercedes-Benz Group AG
Amazon.com, Inc.
OpenAI ERC USD
Tiktok USD
DoorDash, Inc.
Deliveroo plc
Nissan Motor Co., Ltd.
Currencies:
United States Dollar
British Pound Sterling
Chinese Yuan
Swiss Franc
Euro
Japanese Yen
Indonesian Rupiah
Indian Rupee
Singapore Dollar
Qatari Riyal
South Korean Won
Jordanian Dinar
Brazilian Real
Offshore Chinese Yuan
United Arab Emirates Dirham
People: