LONDON/QUEBEC — Global miner Glencore Plc is preparing to shut down Canada’s largest copper smelter, the Horne facility in Quebec, due to mounting environmental concerns and the high costs required to modernize aging operations, according to two people familiar with the matter. The potential closure could ripple through the global copper market, already strained by … Read more
NEW YORK — US stock futures fell sharply Tuesday as investor skepticism grew over whether the recent tech driven rally on Wall Street can continue. Futures tied to the S&P 500 dropped 0.9%, while contracts for the tech heavy Nasdaq 100 fell about 1.3%. Dow Jones Industrial Average futures slipped 0.6%, reflecting broader caution across … Read more
Microsoft Corp. has signed a $9.7 billion cloud services contract with Australian artificial intelligence infrastructure provider IREN, a move that will give the software giant access to Nvidia’s advanced chips amid a global rush for computing power. The five year agreement, announced Monday, marks one of Microsoft’s largest third party technology deals and underscores its … Read more
Micron Technology, Inc. one of the world’s leading semiconductor manufacturers, plans to halt the supply of server chips to data centers in China after failing to regain market momentum following a government ban on its products. The move underscores the continuing fallout from escalating US China tech tensions that have disrupted global semiconductor supply chains. … Read more
WASHINGTON — China will begin easing an export ban on automotive computer chips critical to vehicle manufacturing worldwide as part of a new trade agreement with the United States, the White House said Sunday. The announcement followed a meeting between President Donald Trump and Chinese President Xi Jinping in South Korea earlier this week. The … Read more
WASHINGTON — The US Supreme Court’s decision not to immediately block former President Donald Trump’s sweeping tariffs has left American manufacturers, trade partners, and economists preparing for a prolonged period of uncertainty in global commerce. For companies like OTC Industrial Technologies, which supplies factory equipment across the Midwest, the ruling underscores how deeply entrenched Trump’s … Read more
WASHINGTON — Former President Donald Trump’s latest push to abolish the Senate filibuster in order to end the ongoing government shutdown has been met with firm and immediate resistance from Republican senators, many of whom have long defended the 60 vote threshold as a vital safeguard for minority party rights and legislative stability. In late … Read more
MOSCOW — Russian Prime Minister Mikhail Mishustin began a two day visit to China on Monday, underscoring growing efforts by Moscow and Beijing to deepen their economic and technological cooperation despite sustained Western sanctions and global trade headwinds. The Kremlin described the visit as “very important,” with Mishustin expected to meet Chinese President Xi Jinping … Read more
BEIJING — China’s factory activity slowed in October, falling short of market expectations as new export orders dropped sharply amid renewed trade tensions with the United States, according to a private survey released Monday. The RatingDog China General Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, eased to 50.6 in October from 51.2 in … Read more
NEW YORK — As Wall Street’s fascination with blockchain technology deepens, gold one of the world’s oldest stores of value is finding a new digital home. The recent surge in gold prices has fueled growing interest in tokenized gold, a blockchain based asset designed to mirror the value of the precious metal while offering the … Read more
