(March 17): Tesla Inc and LG Energy Solution Ltd will build a US$4.3 billion (RM17 billion) battery plant in Lansing, Michigan to supply the carmaker’s energy storage systems business. Confirmation of the deal, reported by Bloomberg News in July, was included in a US Department of the Interior statement to highlight energy security cooperation between the US and Indo-Pacific nations. Production at...
(March 17): Tesla Inc and LG Energy Solution Ltd will build a US$4.3 billion (RM17 billion) battery plant in Lansing, Michigan to supply the carmaker’s energy storage systems business. Confirmation of the deal, reported by Bloomberg News in July, was included in a US Department of the Interior statement to highlight energy security cooperation between the US and Indo-Pacific nations. Production at the lithium-iron-phosphate prismatic battery cell plant is scheduled to begin next year, the statement said. “American-made cells will power Tesla’s Megapack 3 energy storage systems produced in Houston, creating a robust domestic battery supply chain,” it said. LG Energy shares rose as much as 2.9% in Seoul trading on Tuesday. The agreement underscores the South Korean battery maker’s aggressive expansion into the fast-growing energy storage system market in response to surging demand primarily from AI-driven data centres, a slowing electric-vehicle transition in the US and intensifying competition from China. Tesla, which currently relies heavily on Chinese-made LFP cells, has also been stepping up efforts to diversify its supply chain to mitigate tariffs pressure and reduce production costs. The company reported that the tariff impact on its energy storage business amounted to roughly US$200 million in the third quarter of 2025 alone, and it was seeking to localise LFP battery manufacturing. LG, alongside domestic rivals like Samsung SDI Co and SK On, has been repurposing several EV battery production lines, aiming to raise its ESS cell output to more than 60 Gwh this year. Bloomberg NEF forecasts demand from US data centres will more than double from 2024 to 78 Gwh by 2035, accounting for nearly 9% of the country’s entire electricity demand and outpacing growth in EVs and hydrogen. Samsung SDI has said the US ESS market is projected to reach 130 Gwh in 2030 from around 80 GWh now.
油價急升｜麗星、星夢郵輪周五起對新預訂徵收燃油附加費 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】麗星郵輪和星夢郵輪宣布周五起所有新預訂將徵收燃油附加費。 兩間郵輪公司表示由於近期中東地緣政治發展，燃油價格大幅...
油價急升｜麗星、星夢郵輪周五起對新預訂徵收燃油附加費 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】麗星郵輪和星夢郵輪宣布周五起所有新預訂將徵收燃油附加費。 兩間郵輪公司表示由於近期中東地緣政治發展，燃油價格大幅上漲，對營運成本造成影響，周五起所有新預訂將徵收燃油附加費，將根據各郵輪及航線營運需求而定。例如從香港出發的領航星號，兩歲或以上乘客將徵收每晚200港元的附加費。公司表示將根據燃油價格的變動檢討附加費。
Got story updates? Submit your updates here. › Tesla Inc. and LG Energy Solution Ltd. have announced plans to build a $4.3 billion battery plant in Lansing, Michigan. The new facility will supply Tesla's energy storage systems business. Why it matters This investment highlights the growing demand for energy storage solutions as the transition to renewable energy continues. The plant will help meet...
Got story updates? Submit your updates here. › Tesla Inc. and LG Energy Solution Ltd. have announced plans to build a $4.3 billion battery plant in Lansing, Michigan. The new facility will supply Tesla's energy storage systems business. Why it matters This investment highlights the growing demand for energy storage solutions as the transition to renewable energy continues. The plant will help meet the supply needs of Tesla's energy division and create new manufacturing jobs in Michigan. The details The battery plant will be a joint venture between Tesla and LG Energy Solution. The facility will manufacture battery cells and packs to be used in Tesla's energy storage products, including the Powerwall and Powerpack systems. The deal was first reported by Bloomberg News in July 2025. The plant's construction is expected to begin in 2026. The players Tesla Inc. An American electric vehicle and clean energy company. LG Energy Solution Ltd. A South Korean manufacturer of lithium-ion batteries for electric vehicles and energy storage systems. Got photos? Submit your photos here. › What’s next The companies will need to secure necessary permits and approvals before breaking ground on the new facility.
A number of “mega” initial public offerings will drive fundraising to a standout year on the Philippines Stock Exchange, Chief Executive Officer Ramon Monzon said. Fintech firm GCash is on track for an IPO, while rival Maya will debut in the market and a data center operator is also planning to list, Monzon said, without specifying the company. There are also large listing candidates in the renewa...
A number of “mega” initial public offerings will drive fundraising to a standout year on the Philippines Stock Exchange, Chief Executive Officer Ramon Monzon said. Fintech firm GCash is on track for an IPO, while rival Maya will debut in the market and a data center operator is also planning to list, Monzon said, without specifying the company. There are also large listing candidates in the renewable energy and mining industries, he said, without naming them. “The regulator and the PSE have been working together to try to get more listings on the exchange,” Monzon said in an interview on Bloomberg TV. The bourse is targeting 170 billion pesos ($2.85 billion) of capital raising this year, he added, which would be the highest since 2021, according to data compiled by Bloomberg. Read More: GCash Said to Weigh Record Philippine IPO of Up to $1.5 Billion Fundraising on the Manila exchange has been on the upswing, along with a pickup in dealmaking across Asia, after a more lackluster deal flow earlier this decade. The broader stock index is down 0.5% year-to-date, in line with Southeast Asian peers after years of underperformance. While the war in Iran has impacted markets around the world, Monzon said the bourse’s targets remain unchanged. “There is some untapped value,” he said. “If there is some imminent resolution or cease-fire, I think foreign investors will start coming back into the market.” For 2027 and beyond, the stock exchange is looking to fuel dealmaking by encouraging smaller businesses to tap the capital markets, Monzon said. The PSE is close to introducing short selling, derivatives, and global depositary receipts to entice more investors, he said. Read More: Philippines Seeks Fix for World’s Worst-Performing Stock Market
Pfizer (PFE +0.09%) has had its share of ups and downs in recent years. The pharma giant scored a major win in early pandemic days as it brought its coronavirus vaccine and later a coronavirus treatment to market. Those products helped it reach $100 billion in revenue back in 2022. But as demand for those products decreased and other Pfizer blockbusters reached patent expiration, the company saw r...
Pfizer (PFE +0.09%) has had its share of ups and downs in recent years. The pharma giant scored a major win in early pandemic days as it brought its coronavirus vaccine and later a coronavirus treatment to market. Those products helped it reach $100 billion in revenue back in 2022. But as demand for those products decreased and other Pfizer blockbusters reached patent expiration, the company saw revenue and stock performance decline. Should you avoid Pfizer? Here's the key risk to watch. Blockbusters on the decline As mentioned, Pfizer's major blockbusters have been on the decline, and that brings it to a major turning point. The company must renew its portfolio with a number of strong products that will drive future growth. All of this depends on Pfizer's ability to successfully develop products in-house, as well as its ability to identify great outside technologies or products and acquire them. So, Pfizer's biggest risk right now is that it has reached this moment of transition -- and a lot depends on its pipeline and the strength of recent acquisitions, including Seagen for its oncology products and research, and Metsera, which brought Pfizer an obesity drug pipeline. Pfizer said during its latest earnings report that this year will be key as the company begins 20 significant pivotal trials. Expand NYSE : PFE Pfizer Today's Change ( 0.09 %) $ 0.03 Current Price $ 26.61 Key Data Points Market Cap $151B Day's Range $ 26.52 - $ 26.89 52wk Range $ 20.91 - $ 27.94 Volume 558K Avg Vol 46M Gross Margin 66.23 % Dividend Yield 6.46 % A market heading to $100 billion An area of promise that could be transformational for Pfizer is the obesity drug market. Today, Eli Lilly and Novo Nordisk dominate, but through the acquisition of Metsera, Pfizer hopes to enter this industry of high demand and soaring revenues. Analysts expect the weight loss drug market to reach nearly $100 billion by the end of the decade, so there should be room for several players to generate blockbuster ...
Key Points Pfizer’s revenue reached $100 billion a few years ago, driven by its dominance in coronavirus treatments and prevention. In recent times, it’s faced a drop in that demand and losses of exclusivity concerning certain blockbusters. 10 stocks we like better than Pfizer › Pfizer (NYSE: PFE) has had its share of ups and downs in recent years. The pharma giant scored a major win in early pand...
Key Points Pfizer’s revenue reached $100 billion a few years ago, driven by its dominance in coronavirus treatments and prevention. In recent times, it’s faced a drop in that demand and losses of exclusivity concerning certain blockbusters. 10 stocks we like better than Pfizer › Pfizer (NYSE: PFE) has had its share of ups and downs in recent years. The pharma giant scored a major win in early pandemic days as it brought its coronavirus vaccine and later a coronavirus treatment to market. Those products helped it reach $100 billion in revenue back in 2022. But as demand for those products decreased and other Pfizer blockbusters reached patent expiration, the company saw revenue and stock performance decline. Should you avoid Pfizer? Here's the key risk to watch. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Blockbusters on the decline As mentioned, Pfizer's major blockbusters have been on the decline, and that brings it to a major turning point. The company must renew its portfolio with a number of strong products that will drive future growth. All of this depends on Pfizer's ability to successfully develop products in-house, as well as its ability to identify great outside technologies or products and acquire them. So, Pfizer's biggest risk right now is that it has reached this moment of transition -- and a lot depends on its pipeline and the strength of recent acquisitions, including Seagen for its oncology products and research, and Metsera, which brought Pfizer an obesity drug pipeline. Pfizer said during its latest earnings report that this year will be key as the company begins 20 significant pivotal trials. A market heading to $100 billion An area of promise that could be transformational for Pfizer is the obesity drug market. Today, Eli Lilly and Novo Nordisk dominate, but through the acq...
(RTTNews) - European stocks are seen opening a tad lower on Tuesday, though London's commodity-heavy FTSE 100 may rise at open, tracking a rebound in oil prices. Both WTI and Brent contracts jumped more than 2 percent in Asian trade after several U.S. allies, including Germany, Spain, Italy, Australia and Japan have declined President Donald Trump's request to secure the Strait of Hormuz, a vital ...
(RTTNews) - European stocks are seen opening a tad lower on Tuesday, though London's commodity-heavy FTSE 100 may rise at open, tracking a rebound in oil prices. Both WTI and Brent contracts jumped more than 2 percent in Asian trade after several U.S. allies, including Germany, Spain, Italy, Australia and Japan have declined President Donald Trump's request to secure the Strait of Hormuz, a vital artery for a fifth of global energy shipments. The U.K. and France said they are willing to discuss options. As the U.S.-Israel war with Iran entered day 18, the Israeli military said it had begun a "wide-scale wave of strikes" across Iran's capital and was also stepping up strikes on Iran-backed Hezbollah targets in Lebanon. The United Arab Emirates briefly closed its airspace after a drone attack on Dubai Airport that caused a fire in a fuel tank. U.S. President Trump claimed Iran's retaliatory strikes on Gulf nations were unexpected and that he does not believe Israel would use a nuclear weapon in its war with Iran. Iran's Foreign Minister Abbas Araghchi said during a weekly briefing that Tehran had shown it was ready to take the war with Israel and the United States as far as necessary. U.S. equity futures edged lower after the major averages rebounded sharply in the regular session. As inflation risks mount, investors now look ahead to the monetary policy announcements from central banks, including the Federal Reserve, the European Central Bank and the Bank of England. The Federal Reserve's policy decision is scheduled for Wednesday, with economists expecting the central bank to leave interest rates unchanged. Market participants will closely watch updated economic projections and comments from Fed Chair Jerome Powell for additional clues on the Fed's rate trajectory. The Bank for International Settlements on Monday urged central banks not to rush reactions to the Iran crisis-driven spike in global energy prices, calling it a textbook case of when to "look through" a s...
leolintang/iStock via Getty Images Thesis Summary I last covered ZIM Integrated Shipping ( ZIM ) in October of last year, At the time, the stock was trading around $12, and sentiment around the shipping sector was extremely pessimistic. Fast forward to today, and the trade has worked exceptionally well, with the stock more than doubling in the last six months. A big reason for this has been the po...
leolintang/iStock via Getty Images Thesis Summary I last covered ZIM Integrated Shipping ( ZIM ) in October of last year, At the time, the stock was trading around $12, and sentiment around the shipping sector was extremely pessimistic. Fast forward to today, and the trade has worked exceptionally well, with the stock more than doubling in the last six months. A big reason for this has been the potential acquisition of the company for $35/share by Hapag-Lloyd. But there are potential issues with this deal, and we have just witnessed a big red flag. ZIM insiders, including the CEO, have been selling shares. If the deal goes through, there’s an arbitrage opportunity here of over 30%. However, ZIM could drop quickly if the deal falls apart. At $12, ZIM was a great buy, but with upside potentially capped at $35/share and insiders selling, it’s time to jump ship. A Trade That Worked Back in October, ZIM looked like a classic deep value opportunity. ZIM Price (SA) The stock had fallen roughly 30%, sentiment around container shipping was extremely negative, and many investors were convinced that the post-COVID shipping boom was permanently over. But this is a cyclical market, and ZIM had taken some great steps to become a major beneficiary, strengthening its balance sheet while also renewing and optimising its fleet. The bottom came soon after my article, and in February, the company received an acquisition offer from Hapag-Lloyd . The stock rallied to $30, still below the actual per-share value of the acquisition. It’s important to understand why. The Hapag-Lloyd Takeover Based on the current terms of the deal, Hapag-Lloyd has agreed to acquire ZIM for $35 per share, implying a total valuation of roughly $4.2 billion. If completed, the transaction would make ZIM part of a private entity, and the stock would be removed from the NYSE. However, the deal is complicated. Part of the structure involves selling ZIM's Israeli operations to the private equity fund FIMI Opportunity...
A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — even as the US seeks to assert control. The Pakistani-flagged Karachi — which openly signaled it was transiting through the chokepoint — sailed through a narrow ga...
A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — even as the US seeks to assert control. The Pakistani-flagged Karachi — which openly signaled it was transiting through the chokepoint — sailed through a narrow gap between the two Iranian islands of Larak and Qeshm on Sunday, before tracking the coast into the Gulf of Oman, according to vessel-tracking data compiled by Bloomberg. Two bulk carriers which had called at Iranian ports took the same route on Monday morning, broadcasting their whereabouts even as other ships prefer to switch off transponders for safety. In the early hours of Saturday two India-flagged liquefied petroleum gas tankers also exited the strait, while a Gambia-flagged general cargo ship has just left Hormuz on Tuesday. Sporadic signals placed the three vessels near Larak, but the full route could not be determined because of electronic interference that scrambles information coming from vessels in the region. If the route continues to be used successfully, it could mean a traffic control system is being imposed by Iran, said Harrison Prétat, deputy director and fellow with the Asia Maritime Transparency Initiative at the Center for Strategic and International Studies. That could mean Tehran attacks vessels or uses mines on the traditional route — while maintaining a free channel for friendly tankers on the other side. “The use of this route so far appears to be tied to Iran’s apparent approval of specific ships transiting the strait, which makes some sense, as this area would be easier for Iranian authorities to control,” Prétat said. Since US and Israeli attacks began a little over two weeks ago, Iran has hit several ships in and around the strait, and all but closed the waterway. That has left vessels stuck inside the Persian Gulf and others unable to enter —...
The Reserve Bank of Australia increased its cash rate by 25 basis points to 4.1% in March 2026, following a hike in February, in line with market expectations. This decision was influenced by new data indicating rising inflation pressures in the second half of 2025. While some increase is considered temporary, there are signs of a tightening labor market and stronger capacity constraints. Ongoing ...
The Reserve Bank of Australia increased its cash rate by 25 basis points to 4.1% in March 2026, following a hike in February, in line with market expectations. This decision was influenced by new data indicating rising inflation pressures in the second half of 2025. While some increase is considered temporary, there are signs of a tightening labor market and stronger capacity constraints. Ongoing uncertainty from the Middle East could heighten inflation risks. The RBA anticipates inflation will stay above target for a while, with potential upside risks, leading to this rate increase. Policymakers will also monitor various economic factors and maintain a flexible approach. The S&P/ASX 200 Index rose 0.3% to 8,611 on Tuesday, snapping a three-session losing streak. The Australian dollar weakened to $0.70 on Tuesday, trimming gains from the previous session, despite the Reserve Bank of Australia delivering its first back-to-back interest rate hikes since mid-2023. More on Australia: EWA: Australian Financials May Struggle With A Flattening Yield Curve EWA: Potentially Range Bound, Given The Mix Of Tailwinds And Headwinds More tariffs? U.S. launches new trade probes into 60 economies over forced labor Australia's trade surplus shrinks to AUD 2.63B in January, missing forecasts as export momentum fades Seeking Alpha’s Quant Rating on iShares MSCI Australia ETF
Thawatchai Chawong/iStock via Getty Images Amazon ( AMZN ), Google ( GOOG ), Meta ( META ), and Microsoft ( MSFT ) have ramped up purchases of permanent carbon credits since the launch of ChatGPT sparked the AI race in 2022, according to data compiled for CNBC by carbon credit management platform Ceezer. The companies have all committed to reaching net-zero emissions, but the rapid development of ...
Thawatchai Chawong/iStock via Getty Images Amazon ( AMZN ), Google ( GOOG ), Meta ( META ), and Microsoft ( MSFT ) have ramped up purchases of permanent carbon credits since the launch of ChatGPT sparked the AI race in 2022, according to data compiled for CNBC by carbon credit management platform Ceezer. The companies have all committed to reaching net-zero emissions, but the rapid development of energy- and water-intensive AI has raised questions about whether that goal is achievable. The credits allow them to offset emissions by funding other projects that reduce emissions, such as technologies that remove carbon from the atmosphere. Each carbon credit represents a metric ton of carbon dioxide reduced or removed from the atmosphere. Amazon, Google’s parent company Alphabet, Microsoft, and Meta are eyeing a near-$700 billion combined bill to fuel their AI ambitions this year, which includes building massive data centers that also contribute to higher emissions, the report said. They increased their purchases from 14,200 credits for permanent carbon removal in 2022 to 11.92 million in 2023, based on available market data from a carbon credit management platform, Ceezer, which also analyzed information from carbon market data insights providers Allied Offset and Cdr.fyi. They rose 104% year-on-year in 2024 to 24.4 million and 181% to 68.4 million in 2025, per Ceezer. Ceezer’s data focuses on carbon removals considered permanent, while Microsoft’s ( MSFT ) purchases cover a range of time-limited carbon removals, defined as high, medium, and low durability, with the latter involving techniques that sequester carbon for less than 100 years, such as soil or forestry, the report said. Of the four Big Tech companies, only Microsoft has consistently reported annual purchases that stretch back before 2022. Credits are also bought in batches delivered over a multi-year period, which could skew the numbers. In addition, there is no obligation to report them. Some purchases may...
BNP Paribas SA ’s insurance unit is nearing a deal to buy a minority stake in IndiaFirst Life Insurance Co. , according to people familiar with the matter, potentially expanding the bank’s presence in South Asia. BNP Paribas Cardif SA is in advanced talks to acquire Warburg Pincus ’ 26% stake in a transaction that could value IndiaFirst at about $350 million, the people said, asking not to be iden...
BNP Paribas SA ’s insurance unit is nearing a deal to buy a minority stake in IndiaFirst Life Insurance Co. , according to people familiar with the matter, potentially expanding the bank’s presence in South Asia. BNP Paribas Cardif SA is in advanced talks to acquire Warburg Pincus ’ 26% stake in a transaction that could value IndiaFirst at about $350 million, the people said, asking not to be identified because the information is private. While an agreement may be reached soon, nothing has been finalized yet, they said. Bank of Baroda owns 65% of IndiaFirst and Union Bank of India Ltd. holds 9%. Representatives for BNP Paribas and Warburg Pincus declined to comment. Cardif operates in 30 countries in Europe, Asia and Latin America, with €302 billion ($345 billion) assets under management, its website shows . The unit’s Asia-Pacific hub is in Hong Kong, and it is active in mainland China, Taiwan, Japan and Korea, primarily through joint ventures with local banks, it says. Cardif had held a minority interest in one of India’s largest insurers, SBI Life Insurance Co. , but sold its stake through a series of block deals starting in 2019. Mumbai-based IndiaFirst has more than 16 million customers, according to its website . BNP Paribas has had a presence in India since 1860, offering a variety of banking services with branches in major cities including Delhi, Mumbai, Bengaluru and Chennai.