Australian shares to open lower in line with Wall Street. Peak rate worries dents optimism. $A slips. Austal, Block, Brambles to report.
Mineral Resources will stump up close to $1 billion for a share in lithium hydroxide plants in China in a rebuff to Prime Minister Anthony Albanese’s push for onshore processing of battery mineralsAUD -0.3% to 67.85 US centsIn New York: BHP -2.5% Rio -2.7% Atlassian -0.2%In Europe: Stoxx 50 +0.4% FTSE -0.3% CAC -0.3% DAX -0.5%Iron ore -0.3% to $US129.
Hegar sent letters late Wednesday to five Texas government-employee pension funds and an entity that manages money for the public school systems, “strongly” encouraging them to sever all relationships with companies on his office’s divestment list, according to copies of the missives seen by Bloomberg News.Netflix lowered the price of subscriptions in over 100 countries, mostly lower-income regions where the company has fewer customers.
The big-rig maker delivered just 20 battery-electric trucks in the fourth quarter, finishing the year at 131, far behind its already lowered expectations of delivering 300 of its Tre BEV vehicles to dealers. Nikola had cut its guidance twice last year.The London Metal Exchange will reopen nickel trading during Asian trading hours from March 20, in what is likely to provide an important liquidity boost for the market that has struggled to recover after last year’s crisis.
Trading has remained suspended during Asian hours, which was when prices spiked most sharply during the squeeze, and currently opens at 8am London time. writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell.
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