Global Market Watch
From Samsung’s growth and salary rises in Japan to Microsoft Copilot’s introduction and TikTok’s ban, here are current business happenings worldwide.
United Airlines wants Airbus A321neo planes due to delayed Boeing purchases, while US offers $6 billion for Samsung’s growth. Intel chip manufacture to receive multi-billion dollar prize from Joe Biden. Toyota agrees to improve wages. Wage negotiations will affect Bank of Japan policies. Microsoft launches Copilot for Security. China wants US to end TikTok “suppression”. World Street has this and more.
Boeing Bypass
Bloomberg stated that United Airlines Holdings Inc. may buy 36 or more Airbus A321neo planes from leasing companies. The airline wants to replace delayed Boeing 737 Max 10 orders, which are at least five years late. Negotiations for 2025–2027 delivery are nearing completion.
Innovation Injection
Bloomberg reports that the US will give Samsung Electronics Co. about $6 billion to expand, in addition to a Texas project. This grant from the 2022 Chips and Science Act is one of many major commerce department awards planned in coming weeks.
The Biden Boost
Reuters claimed that US President Joe Biden and commerce secretary Gina Raimondo will announce a multi-billion-dollar grant for Intel’s Arizona chip plant expansion next week. Intel invited customers and suppliers to the event. The corporation has sought Ohio and Arizona growth funding.
Salary Change
Toyota, the world’s largest carmaker, gave workers their biggest pay boost in 25 years at Japan’s “shunto” spring salary discussions. According to CNBC, numerous major firms have announced large compensation hikes that exceed union requests, drawing focus to this year’s discussions.
Bank of Japan Governor Kazuo Ueda stressed that these conversations will affect the central bank’s negative interest rate policy departure. On March 15, Rengo, Japan’s largest trade union, will provide its first bargaining report.
Cyberguard
Microsoft’s Copilot for Security product is another step toward corporate generative AI. The program will debut on April 1 to help cybersecurity experts identify security risks and vulnerabilities faster.
Blockchain Happiness
After raising over $69 million from Brevan Howard Digital and Framework Ventures, blockchain company Berachain will become a unicorn. Bloomberg estimates the project’s worth at $1.5 billion after this fundraising round.
Berachain specializes in decentralized finance (DeFi), enabling trading, lending, and borrowing without banks.
TT Tussle
China requested the US to stop “unreasonable suppression” of TikTok, used by 170 million Americans. The app’s importance was underscored amid ongoing tensions between the two nations.
At a Beijing news briefing, commerce ministry spokesperson He Yadong stressed market principles and fair competition. He said China will move decisively to preserve its legal rights and interests in retaliation.
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Petrobras (NYSE:PBR) shares fell 13% after the firm reported a smaller-than-expected net profit and fewer shareholder distributions, suggesting its dividends may stop. The board authorized Q4 dividends of 1.10 reais per share, totaling 14.2B reais ($2.9B), with no special payments for the year. Analysts predicted $3.7B dividends and $3B special dividends. Petrobras CEO Jean Paul Prates said rising investment on wind, solar, and biofuel programs made him more cautious about payouts.
Petrobras (NYSE:PBR) shares fell 13% after the firm reported a smaller-than-expected net profit and fewer shareholder distributions, suggesting its dividends may stop. The board authorized Q4 dividends of 1.10 reais per share, totaling 14.2B reais ($2.9B), with no special payments for the year. Analysts predicted $3.7B dividends and $3B special dividends. Petrobras CEO Jean Paul Prates said rising investment on wind, solar, and biofuel programs made him more cautious about payouts.
WGovernment aid and bailouts for the struggling Chinese real estate market are unlikely. Chinese officials have said individuals who damage the public would be punished. “Real estate companies that are seriously insolvent and have lost the ability to operate should go bankrupt or be restructured, per the law and market principles,” stated the Chinese housing and urban-rural development minister.all Street Roundup Wall Street Roundup
Estancia Capital Partners LP is buying a minority stake in UK Savings Fintech Flagstone, a cash deposit platform, to boost its savings services. Flagstone said the private equity firm’s £108 million ($139 million) investment will help it consolidate and expand domestically and internationally.
This investment will also reward Flagstone’s investors. The sale did not reveal Estancia’s interest in the Arizona firm.
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