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Lenovo Expected to Meet High Revenue Targets — Market Talk

Lenovo is expected to meet its revenue targets, which are well above previous forecasts, Morningstar analyst Jing Jie Yu says. He sees its Infrastructure Solutions Group as the key growth driver as artificial-intelligence server demand continues to exceed expectations, with Lenovo's ability to secu…

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StocksCN

Genmab Shares Climb After Lymphoma Therapy Hits Goal in Trial

By Adria CalatayudGenmab shares rose after the Danish biotechnology company and partner AbbVie said a drug combination to treat lymphoma met the primary goal in a late-stage clinical trial.Shares in Genmab were up 6% in European morning trading Tuesday, recouping some of the stock's year-to-date lo…

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StocksDK
NEWS dow-jones

U.S.-Europe Productivity Gap Widened by Weak Coordination — Market Talk

The gap between U.S. and European productivity is growing, but this isn't due to a lack of innovation, says Bart Van Ark, a professor at the University of Manchester. Despite strength in scientific research, fragmented capital markets, regulatory barriers and weak coordination are limiting the scal…

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Economy
NEWS dow-jones

China to Impose Antidumping Duty on Canadian Pea Starch

China's commerce ministry said Tuesday that it will impose a preliminary antidumping ruling against Canadian pea starch, alleging the imports cause "material injury" to the domestic industry.Importers of Canadian pea starch must deposit a 73.5% security margin with Chinese customs from July 1, said…

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Economy
NEWS dow-jones

EU to Limit Tariff-Free Steel Imports, Apply 50% Duty Above Quota

By Edith HancockThe European Union will limit the amount of tariff-free steel its member states can import from Wednesday, part of officials' efforts to protect the bloc's steel industry from overcapacity.The new system would set tariff-free steel import volumes at 18.3 million metric tons, while t…

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Economy
NEWS dow-jones

Eurozone Inflation to Stay Above Target, ECB's Nagel Says — Market Talk

Eurozone inflation is set to remain "significantly above" the European Central Bank's 2% target, Bundesbank President Joachim Nagel says. "I think the energy price shock that started with that conflict in the Middle East is not over," he told CNBC in an interview on the sidelines of the ECB's forum…

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Economy
NEWS dow-jones

U.K. Government Bonds Remain Calm, Focus on Possible Choice of Treasury Chief — Market Talk

U.K. government bonds, or gilts, stay calm as investors await news on the possible new leader of the Treasury to replace the incumbent Rachel Reeves. "Markets are looking through immediate fiscal concerns around a likely Andy Burnham premiership," Validus Risk Management's Pierre Roke says in a not…

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BondsEconomy
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BHP's Next CEO Inherits Buy vs. Build Copper Conundrum — Analysis

By Rhiannon HoyleBHP Group's outgoing chief executive tried to cement the miner's position as the world's largest copper producer with a failed blockbuster takeover.His successor faces the same challenge of balancing new mines and expansions with possible acquisitions that could secure BHP's role a…

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StocksAU
dow-jones

Bitcoin Could Extend Fall Amid Fed Rate Hike Concerns — Market Talk

Bitcoin could fall further as concerns about possible interest-rate rises by the U.S. Federal Reserve result in capital outflows from institutional instruments such as bitcoin, ActivTrades' Saverio Berlinzani says in a note. "Bitcoin could drop to the previous significant low of $49,443 seen in Aug…

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Crypto

Taiwan Steps Up Probe Into AI Hardware Smuggling

By Yang Jie and Sherry QinTaiwanese authorities escalated a probe into the unauthorized diversion of advanced artificial-intelligence servers made by Super Micro Computer, as part of efforts to crack down on the alleged smuggling of Nvidia chips to China.The sweep, spearheaded by prosecutors in Kee…

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StocksTWUS
NEWS dow-jones

EU to Limit Tariff-Free Steel Imports, Apply 50% Duty Above Quota

(08:33 GMT) *EU Brings In New Steel Tariffs (08:33 GMT) *EU to Limit Tariff-Free Steel Imports, Apply 50% Duty Above Quota (08:33 GMT) *EU's Steel Tariff Regime Comes Into Effect July 1 (08:46 GMT) EU to Limit Tariff-Free Steel Imports, Apply 50% Duty Above QuotaBy Edith HancockThe European Union w…

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EconomyFutures