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#china #trumph IDNFinancials.com - JAKARTA – Italian tire manufacturer, Pirelli, is set to approve a restructuring of its shareholding on Monday (April 28) today.
Italian local newspapers report that the change will end the control of Sinochem, the state-owned enterprise from China, within Pirelli.
The plan is a result of internal debates among Pirelli shareholders from China and Italy. The presence of Sinochem among the shareholders is said to hinder Pirelli's expansion into the United States (US) market.
Reports from the newspaper Il Messaggero indicate that Sinochem will still control 37% of Pirelli's shares. However, it will no longer be referred to as the controlling entity for regulatory reasons.
Both Pirelli and Sinochem have not yet agreed to comment when confirmed by Reuters on Saturday (April 26) yesterday.
Earlier this week, Pirelli Management will hold a meeting for the financial report of the fiscal year 2024. This meeting was scheduled for late March but was postponed for a month due to tensions between investors from China and Italy. (KR)
Italian local newspapers report that the change will end the control of Sinochem, the state-owned enterprise from China, within Pirelli.
The plan is a result of internal debates among Pirelli shareholders from China and Italy. The presence of Sinochem among the shareholders is said to hinder Pirelli's expansion into the United States (US) market.
Reports from the newspaper Il Messaggero indicate that Sinochem will still control 37% of Pirelli's shares. However, it will no longer be referred to as the controlling entity for regulatory reasons.
Both Pirelli and Sinochem have not yet agreed to comment when confirmed by Reuters on Saturday (April 26) yesterday.
Earlier this week, Pirelli Management will hold a meeting for the financial report of the fiscal year 2024. This meeting was scheduled for late March but was postponed for a month due to tensions between investors from China and Italy. (KR)
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What happens if China stops importing U.S. Ethane?
The halt of U.S. ethane imports by China, triggered by reciprocal tariffs, could lead to a sharp decline in ethane prices and burden Permian gas infrastructure, said Bank of America analysts while exploring the potential impact.
China is the largest ethane importer in the world, but current tariffs make U.S. ethane uneconomical compared to naphtha.
BofA said this issue could be resolved if U.S. President Donald Trump eases tensions or if China provides an exemption, but neither has occurred yet.
China is the largest ethane importer in the world, but current tariffs make U.S. ethane uneconomical compared to naphtha.
BofA said this issue could be resolved if U.S. President Donald Trump eases tensions or if China provides an exemption, but neither has occurred yet.
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How Huawei's new AI chips could impact Nvidia?
The emergence of new advanced artificial intelligence chips from Huawei could threaten US semiconductor giant Nvidia (NASDAQ:NVDA) in the short term, according to analysts at Piper Sandler.
Huawei plans to begin mass shipments of the AI processor 910C to Chinese customers as soon as next month, Reuters reported earlier this week. The 910C is more of an architecture evolution than a technological advancement and offers performance comparable to Nvidia's H100 products, Reuters said.
Citing sources familiar with the matter, the news agency reported that some shipments of the 910C - known as Ascend - may have already taken place.
Huawei plans to begin mass shipments of the AI processor 910C to Chinese customers as soon as next month, Reuters reported earlier this week. The 910C is more of an architecture evolution than a technological advancement and offers performance comparable to Nvidia's H100 products, Reuters said.
Citing sources familiar with the matter, the news agency reported that some shipments of the 910C - known as Ascend - may have already taken place.
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#dinnerwithtrump $TRUMP GILA! Demi dinner with Donald Trump, a whale just swapped $318,000 from Fartcoin to $TRUMP ! All this to increase the chances of getting an exclusive Trump Dinner invitation! FYI, $TRUMP token is really HOT right now, especially after the fundraising campaign.
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How much is the market really pricing in a recession?
<t-14/>#dinnerwithtrump Since US President Donald Trump first announced sweeping tariffs against most countries earlier this month, investors have been trying to assess whether his aggressive trade policy will trigger a recession in the US economy.
Stocks have fluctuated after recording one of the fastest declines in decades, while credit spreads have widened, the yield curve has steepened, and oil prices have dropped.
However, it is clear that investors have not fully accounted for a downturn in the world's largest economy, according to Henry Allen, Macro (BCBA:BMAm) Strategist at Deutsche Bank.
Stocks have fluctuated after recording one of the fastest declines in decades, while credit spreads have widened, the yield curve has steepened, and oil prices have dropped.
However, it is clear that investors have not fully accounted for a downturn in the world's largest economy, according to Henry Allen, Macro (BCBA:BMAm) Strategist at Deutsche Bank.
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Can Chinese domestic consumers replace US consumers?
#TariffPause Chinese consumers could theoretically absorb the impact of the collapse in exports to the United States, but only with government support that is far greater than what current policymakers seem willing to provide, according to analysts at Capital Economics.
"Retail sales in China are more than ten times larger than the country's exports to the US," the firm noted, suggesting that only a 4% increase in domestic goods consumption over two years is needed to offset a potential hit of RMB2 trillion from US tariffs.
"Retail sales in China are more than ten times larger than the country's exports to the US," the firm noted, suggesting that only a 4% increase in domestic goods consumption over two years is needed to offset a potential hit of RMB2 trillion from US tariffs.
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#hypeusdt HYPEUSDT 4H – POTENTIAL ABC CORRECTION?
After forming an impulsive structure of 5 Elliot Waves (1-5), the price appears to have failed to break from the zone $19.31 and is currently (potentially) forming a Corrective Wave ABC.
Key Level Breakdown:
• Resistance Zone: 19.63 – 21.01 → Strong supply area, clear rejection at wave 5.
• Support (Key Level): 16.33 → Validating this area could be an early reversal signal if it holds.
• Demand Zone: 13.24 – 14.16 → Main target for wave C, potential reversal area.
If the ABC scenario is valid, then it is highly likely to continue down to:
• Wave A: Around $16.3
• Wave C: Potentially heading towards the demand zone $13.2 – $14.1
After forming an impulsive structure of 5 Elliot Waves (1-5), the price appears to have failed to break from the zone $19.31 and is currently (potentially) forming a Corrective Wave ABC.
Key Level Breakdown:
• Resistance Zone: 19.63 – 21.01 → Strong supply area, clear rejection at wave 5.
• Support (Key Level): 16.33 → Validating this area could be an early reversal signal if it holds.
• Demand Zone: 13.24 – 14.16 → Main target for wave C, potential reversal area.
If the ABC scenario is valid, then it is highly likely to continue down to:
• Wave A: Around $16.3
• Wave C: Potentially heading towards the demand zone $13.2 – $14.1
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#EthereumFuture Honestly, I have been running ETH, just waiting for ETH to go to 2000.
What about you, what are you waiting for in the market?
Are you waiting for ETH to retest?
Okay.. if ETH retests to 1600, will you buy?
What about you, what are you waiting for in the market?
Are you waiting for ETH to retest?
Okay.. if ETH retests to 1600, will you buy?
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$#TariffsPause This development occurred when China adopted a tone that publicly challenged and Trump created confusion by claiming that he had spoken with the President of China, which was denied by Beijing.
"China and the US are NOT conducting consultations or negotiations regarding #tariffs. The US should stop creating confusion," wrote the Chinese Embassy in Washington on social media. Trump added to the confusion on Friday when he said he would lift tariffs on China unless Beijing gave the US something "substantial" in return. Even as the bluster continued, signs of retreat raised hopes on Wall Street for broader tariff de-escalation after intense exchanges between the two largest economies in the world. China has recently raised tariffs on US goods to 125% from 84%, while US tariffs on imports from China have soared, on most imports, to 145%. Meanwhile, Treasury Secretary Scott Bessent suggested that a US-South Korea trade deal could happen next week, praising South Korea's approach. In an interview with Time magazine on Friday, Trump said he expected many trade deals to materialize in the next three to four weeks.
Investors are also focused on other key tariffs, as well as delays and exemptions. Trump was reportedly planning exemptions on some auto tariffs after suspending tariffs on some consumer technology, although he insisted that these tariffs would eventually materialize. The White House also ordered an investigation into truck imports, paving the way for tariffs in that sector. The basic 10% tariff that took effect on April 5 remains in place for all affected imports to the US.
"China and the US are NOT conducting consultations or negotiations regarding #tariffs. The US should stop creating confusion," wrote the Chinese Embassy in Washington on social media. Trump added to the confusion on Friday when he said he would lift tariffs on China unless Beijing gave the US something "substantial" in return. Even as the bluster continued, signs of retreat raised hopes on Wall Street for broader tariff de-escalation after intense exchanges between the two largest economies in the world. China has recently raised tariffs on US goods to 125% from 84%, while US tariffs on imports from China have soared, on most imports, to 145%. Meanwhile, Treasury Secretary Scott Bessent suggested that a US-South Korea trade deal could happen next week, praising South Korea's approach. In an interview with Time magazine on Friday, Trump said he expected many trade deals to materialize in the next three to four weeks.
Investors are also focused on other key tariffs, as well as delays and exemptions. Trump was reportedly planning exemptions on some auto tariffs after suspending tariffs on some consumer technology, although he insisted that these tariffs would eventually materialize. The White House also ordered an investigation into truck imports, paving the way for tariffs in that sector. The basic 10% tariff that took effect on April 5 remains in place for all affected imports to the US.
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