Latest news with #DNBBank
Yahoo
24-05-2025
- Business
- Yahoo
Norske Skog launches containerboard production at Golbey mill in France
Norwegian pulp and paper company Norske Skog has commenced recycled containerboard production at its Golbey mill in France after an investment of approximately €400m ($453.1m). The new containerboard machine will increase the company's capacity by 550,000 tonnes (t), raising the group's total capacity to 760,000t. The machine will begin delivering containerboard to customers during the second quarter (Q2) of 2025. The mill is projected to achieve a capacity utilisation of 50% to 60% by the end of 2025 and aims for full utilisation of 95% in the first half (H1) of 2027. The production at Golbey will be entirely based on recycled paper, aligning with sustainability goals. Besides the containerboard production, the mill will also have a capacity of 330,000t of newsprint annually. This expansion will reportedly position Golbey as one of the most significant facilities in the European paper and packaging industry. Norske Skog CEO Geir Drangsland said: 'The start-up of the world-class containerboard machine at Golbey is a significant milestone for Norske Skog and for everyone working at the Golbey mill. Although the project has been challenging, we want to thank everyone involved and look forward to delivering volumes to our customers. 'The containerboard business will become an important and strong contributor to Norske Skog's operations going forward. At the same time, Norske Skog will remain a reliable supplier of high-quality publication paper products.' The mill's operations will support the sustainable development of the surrounding region by recycling over one million tonnes of wastepaper collected locally. The Golbey mill will also extend its collaboration with Green Valley Energie. This partnership will allow the mill to supply waste material to Green Valley Energie for the production of green and cost-effective energy, which will be utilised in Golbey's production processes and sold externally. This initiative will enhance the mill's cost-efficiency and environmental footprint. Further benefits of the Golbey mill's expansion include the creation of long-term employment opportunities and the stimulation of industrial activity in the region. At full capacity, the mill is expected to generate approximately Nkr5bn in annual revenue by 2027-28, assuming current prices for packaging and publication paper remain constant. In September 2024, Norske Skog entered into a green loan agreement with DNB Bank, securing Nkr500m. "Norske Skog launches containerboard production at Golbey mill in France" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
American Military News
16-05-2025
- Business
- American Military News
Trump to keep 30% China tariffs through late 2025, analysts say
Donald Trump's tariffs on China will likely remain at a level expected to severely curtail Chinese exports to the U.S. after the 90-day truce, analysts and investors say, suggesting Beijing may have to endure further economic pain despite active talks. U.S. levies on Chinese products imposed this year will likely hold at 30% through late 2025, according to a Bloomberg survey. While much lower than before the thaw this week, the current rate is high enough to wipe out 70% of Chinese shipments to the world's largest economy in the medium term, Bloomberg Economics has projected. The results of the survey, conducted Wednesday and Thursday with 22 respondents, reveal a low expectation for trade negotiation to quickly undo duties Trump imposed on China during his second term. Official data due Monday are forecast to show a slowdown in China's industrial output in April as tariff threats weighed on exports, according to a separate survey. 'We expect that trade negotiations to end up in shallow surface level deals,' said Kelly Chen, an economist with DNB Bank. 'There is not enough time for the relative positions of U.S. and China to change materially enough' before the 2026 U.S. mid-term election that will serve as a potential deadline for a deal, she said. Highlighting the uncertainty over the countries' ability to resolve their conflict, expectations become more divided further out into the future, with seven respondents seeing tariffs dip below 30% in six months' time while six projecting higher levies. If the U.S. and China reach a final trade agreement, the tariffs could come down to 20%, according to the median forecast. Respondents overwhelmingly predict that tariffs from Trump's first term will remain, as lowering them would be a major concession that may anger his base. Those levies average about 12%, according to estimates by Bloomberg Economics. Trump's tariff policy on Chinese goods is one of the biggest variables affecting the global economy and markets this year. Chinese assets will likely trade in a narrow range near current levels through year-end under the cloud of tariff and stimulus uncertainties, respondents said. By the end of 2025, the yuan is forecast to hold near 7.2 per dollar, the median estimate from 17 participants showed. With speculation about a Beijing-led devaluation easing, the currency may find an anchor as authorities are expected to prevent rapid capital outflows or excessive inflows. 'Good news on tariffs is also likely to tone down Chinese policy easing, suggesting a more limited upside,' said Robert Gilhooly, senior EM economist at Aberdeen Investments, who expects tariffs to settle at around 50%. 'As damage is revealed and the economy slows we expect the authorities will eventually condone an FX depreciation.' Mainland stocks may grind higher, with the CSI 300 Index potentially reaching 4000, a roughly 2% gain from Thursday's close near 3900. Early export shipments seeking to avoid tariffs could boost corporate earnings, while tech advances and structural economic shifts are also seen lending support. Chinese 10-year government bond yields may face hurdles to decline further, with the median estimate at 1.7% for this year. That would be little changed from current levels, as markets see limited impetus for a rapid fall in yields due to fading hopes for imminent policy easing. Official statistics scheduled to be released Monday morning will likely show industrial output expanded 5.9% in April from a year ago, slowing from the 7.7% gain in March, according to a regular survey of economists. Exports expansion moderated in the month, and factory activity also weakened. Retail sales likely grew at a brisk 6% in April, a slight pickup from March. Fixed-asset investment growth is forecast to hold steady at 4.3%, edging up from the prior month. Several of the respondents in the tariff survey cautioned against forecasting in the first place, given the unpredictability of Trump's tariff moves. 'Trump's first term should serve as a warning that we are not yet out of the woods and agreements are not guaranteed to hold,' said Sam Jochim, an economist at EFG Asset Management. 'Risks due to elevated uncertainty over the U.S.'s trade policy remains high.' ___ © 2025 Bloomberg L.P. Distributed by Tribune Content Agency, LLC.
Yahoo
16-05-2025
- Business
- Yahoo
Trump to Keep 30% China Tariffs Till Late 2025, Analysts Say
(Bloomberg) -- Donald Trump's tariffs on China will likely remain at a level expected to severely curtail Chinese exports to the US after the 90-day truce, analysts and investors say, suggesting Beijing may have to endure further economic pain despite active talks. As Coastline Erodes, One California City Considers 'Retreat Now' How a Highway Became San Francisco's Newest Park Maryland's Credit Rating Gets Downgraded as Governor Blames Trump Power-Hungry Data Centers Are Warming Homes in the Nordics NYC Commuters Brace for Chaos as NJ Transit Strike Looms US levies on Chinese products imposed this year will likely hold at 30% through late 2025, according to a Bloomberg survey that had 22 respondents from a mix of Asian, European and US fund managers, banks and research firms. While much lower than before the thaw this week, the current rate is high enough to wipe out 70% of Chinese shipments to the world's largest economy in the medium term, Bloomberg Economics has projected. The results of the survey, conducted Wednesday and Thursday, reveal a low expectation for trade negotiation to quickly undo duties Trump imposed on China during his second term. Official data due Monday are forecast to show a slowdown in China's industrial output in April as tariff threats weighed on exports, according to a separate survey. 'We expect that trade negotiations to end up in shallow surface level deals,' said Kelly Chen, an economist with DNB Bank. 'There is not enough time for the relative positions of US and China to change materially enough' before the 2026 US mid-term election that will serve as a potential deadline for a deal, she said. Highlighting the uncertainty over the countries' ability to resolve their conflict, expectations become more divided further out into the future, with seven respondents seeing tariffs dip below 30% in six months' time while six projecting higher levies. If the US and China reach a final trade agreement, the tariffs could come down to 20%, according to the median forecast. The 90-day truce started on Wednesday, when China and the US began temporarily lowering their tariffs on each other's goods. Respondents overwhelmingly predict that tariffs from Trump's first term will remain, as lowering them would be a major concession that may anger his base. Those levies average about 12%, according to estimates by Bloomberg Economics. Trump's tariff policy on Chinese goods is one of the biggest variables affecting the global economy and markets this year. Chinese assets will likely trade in a narrow range near current levels through year-end under the cloud of tariff and stimulus uncertainties, respondents said. By the end of 2025, the yuan is forecast to hold near 7.2 per dollar, the median estimate from 17 participants showed. With speculation about a Beijing-led devaluation easing, the currency may find an anchor as authorities are expected to prevent rapid capital outflows or excessive inflows. 'Good news on tariffs is also likely to tone down Chinese policy easing, suggesting a more limited upside,' said Robert Gilhooly, senior EM economist at Aberdeen Investments, who expects tariffs to settle at around 50%. 'As damage is revealed and the economy slows we expect the authorities will eventually condone an FX depreciation.' Mainland stocks may grind higher, with the CSI 300 Index potentially reaching 4000, a roughly 2% gain from Thursday's close near 3900. Early export shipments seeking to avoid tariffs could boost corporate earnings, while tech advances and structural economic shifts are also seen lending support. Chinese 10-year government bond yields may face hurdles to decline further, with the median estimate at 1.7% for this year. That would be little changed from current levels, as markets see limited impetus for a rapid fall in yields due to fading hopes for imminent policy easing. Official statistics scheduled to be released Monday morning will likely show industrial output expanded 5.9% in April from a year ago, slowing from the 7.7% gain in March, according to a regular survey of economists. Exports expansion moderated in the month, and factory activity also weakened. Retail sales likely grew at a brisk 6% in April, a slight pickup from March. Fixed-asset investment growth is forecast to hold steady at 4.3%, edging up from the prior month. What Bloomberg Economics Says.... 'The impact of US tariffs is likely to show up in China's activity data for April — before the two sides reached a temporary deal to reduce levies and negotiate. The initial blow looks severe and will register most clearly in industrial output as manufacturers responded to a plunge in exports to the US. Sales of trade-related services suffered too.' — Chang Shu and David Qu Click here to read the full report. Several of the respondents in the tariff survey cautioned against forecasting in the first place, given the unpredictability of Trump's tariff moves. 'Trump's first term should serve as a warning that we are not yet out of the woods and agreements are not guaranteed to hold,' said Sam Jochim, an economist at EFG Asset Management. 'Risks due to elevated uncertainty over the US's trade policy remain high.' --With assistance from Ran Li, Qizi Sun, Jing Zhao and Shulun Huang. (Updates throughout.) Cartoon Network's Last Gasp DeepSeek's 'Tech Madman' Founder Is Threatening US Dominance in AI Race As Nuclear Power Makes a Comeback, South Korea Emerges a Winner Why Obesity Drugs Are Getting Cheaper — and Also More Expensive Tariffs Won't Reindustrialize America. Here's What Will ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
16-05-2025
- Business
- Business Times
Trump to keep 30% China tariffs through late 2025: analysts
[NEW YORK] US President Donald Trump's tariffs on China will likely remain at a level expected to severely curtail Chinese exports to the US after the 90-day truce, analysts and investors say, suggesting Beijing may have to endure further economic pain despite active talks. US levies on Chinese products imposed this year will likely hold at 30 per cent through late 2025, according to a Bloomberg survey. While much lower than before the thaw this week, the current rate is high enough to wipe out 70 per cent of Chinese shipments to the world's largest economy in the medium term, Bloomberg Economics has projected. The results of the survey, conducted on Wednesday (May 14) and Thursday with 22 respondents, reveal a low expectation for trade negotiation to quickly undo duties Trump imposed on China during his second term. Official data due Monday are forecast to show a slowdown in China's industrial output in April as tariff threats weighed on exports, according to a separate survey. 'We expect that trade negotiations to end up in shallow surface level deals,' said Kelly Chen, an economist with DNB Bank. 'There is not enough time for the relative positions of US and China to change materially enough' before the 2026 US mid-term election that will serve as a potential deadline for a deal, she said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Highlighting the uncertainty over the countries' ability to resolve their conflict, expectations become more divided further out into the future, with seven respondents seeing tariffs dip below 30 per cent in six months' time while six projecting higher levies. If the US and China reach a final trade agreement, the tariffs could come down to 20 per cent, according to the median forecast. Respondents overwhelmingly predict that tariffs from Trump's first term will remain, as lowering them would be a major concession that may anger his base. Those levies average about 12 per cent, according to estimates by Bloomberg Economics. Trump's tariff policy on Chinese goods is one of the biggest variables affecting the global economy and markets this year. Chinese assets will likely trade in a narrow range near current levels through year-end under the cloud of tariff and stimulus uncertainties, respondents said. By the end of 2025, the yuan is forecast to hold near 7.2 per dollar, the median estimate from 17 participants showed. With speculation about a Beijing-led devaluation easing, the currency may find an anchor as authorities are expected to prevent rapid capital outflows or excessive inflows. 'Good news on tariffs is also likely to tone down Chinese policy easing, suggesting a more limited upside,' said Robert Gilhooly, senior EM economist at Aberdeen Investments, who expects tariffs to settle at around 50 per cent. 'As damage is revealed and the economy slows we expect the authorities will eventually condone an FX depreciation.' Mainland stocks may grind higher, with the CSI 300 Index potentially reaching 4000, a roughly 2 per cent gain from Thursday's close near 3900. Early export shipments seeking to avoid tariffs could boost corporate earnings, while tech advances and structural economic shifts are also seen lending support. Chinese 10-year government bond yields may face hurdles to decline further, with the median estimate at 1.7 per cent for this year. That would be little changed from current levels, as markets see limited impetus for a rapid fall in yields due to fading hopes for imminent policy easing. Official statistics scheduled to be released Monday morning will likely show industrial output expanded 5.9 per cent in April from a year ago, slowing from the 7.7 per cent gain in March, according to a regular survey of economists. Exports expansion moderated in the month, and factory activity also weakened. Retail sales likely grew at a brisk 6 per cent in April, a slight pickup from March. Fixed-asset investment growth is forecast to hold steady at 4.3 per cent, edging up from the prior month. Several of the respondents in the tariff survey cautioned against forecasting in the first place, given the unpredictability of Trump's tariff moves. 'Trump's first term should serve as a warning that we are not yet out of the woods and agreements are not guaranteed to hold,' said Sam Jochim, an economist at EFG Asset Management. 'Risks due to elevated uncertainty over the US's trade policy remain high.' BLOOMBERG
Yahoo
16-05-2025
- Business
- Yahoo
Trump's China Tariffs Seen Staying at 30% Through Late 2025
(Bloomberg) -- Donald Trump's tariffs on China will likely remain at a level expected to severely curtail Chinese exports to the US after the 90-day truce, analysts and investors say, suggesting Beijing may have to endure further economic pain despite active talks. As Coastline Erodes, One California City Considers 'Retreat Now' How a Highway Became San Francisco's Newest Park Maryland's Credit Rating Gets Downgraded as Governor Blames Trump Power-Hungry Data Centers Are Warming Homes in the Nordics NYC Commuters Brace for Chaos as NJ Transit Strike Looms US levies on Chinese products imposed this year will likely hold at 30% through late 2025, according to a Bloomberg survey. While much lower than before the thaw this week, the current rate is high enough to wipe out 70% of Chinese shipments to the world's largest economy in the medium term, Bloomberg Economics has projected. The results of the survey, conducted Wednesday and Thursday with 22 respondents, reveal a low expectation for trade negotiation to quickly undo duties Trump imposed on China during his second term. Official data due Monday are forecast to show a slowdown in China's industrial output in April as tariff threats weighed on exports, according to a separate survey. 'We expect that trade negotiations to end up in shallow surface level deals,' said Kelly Chen, an economist with DNB Bank. 'There is not enough time for the relative positions of US and China to change materially enough' before the 2026 US mid-term election that will serve as a potential deadline for a deal, she said. Highlighting the uncertainty over the countries' ability to resolve their conflict, expectations become more divided further out into the future, with seven respondents seeing tariffs dip below 30% in six months' time while six projecting higher levies. If the US and China reach a final trade agreement, the tariffs could come down to 20%, according to the median forecast. Respondents overwhelmingly predict that tariffs from Trump's first term will remain, as lowering them would be a major concession that may anger his base. Those levies average about 12%, according to estimates by Bloomberg Economics. Trump's tariff policy on Chinese goods is one of the biggest variables affecting the global economy and markets this year. Chinese assets will likely trade in a narrow range near current levels through year-end under the cloud of tariff and stimulus uncertainties, respondents said. By the end of 2025, the yuan is forecast to hold near 7.2 per dollar, the median estimate from 17 participants showed. With speculation about a Beijing-led devaluation easing, the currency may find an anchor as authorities are expected to prevent rapid capital outflows or excessive inflows. 'Good news on tariffs is also likely to tone down Chinese policy easing, suggesting a more limited upside,' said Robert Gilhooly, senior EM economist at Aberdeen Investments, who expects tariffs to settle at around 50%. 'As damage is revealed and the economy slows we expect the authorities will eventually condone an FX depreciation.' Mainland stocks may grind higher, with the CSI 300 Index potentially reaching 4000, a roughly 2% gain from Thursday's close near 3900. Early export shipments seeking to avoid tariffs could boost corporate earnings, while tech advances and structural economic shifts are also seen lending support. Chinese 10-year government bond yields may face hurdles to decline further, with the median estimate at 1.7% for this year. That would be little changed from current levels, as markets see limited impetus for a rapid fall in yields due to fading hopes for imminent policy easing. Official statistics scheduled to be released Monday morning will likely show industrial output expanded 5.9% in April from a year ago, slowing from the 7.7% gain in March, according to a regular survey of economists. Exports expansion moderated in the month, and factory activity also weakened. Retail sales likely grew at a brisk 6% in April, a slight pickup from March. Fixed-asset investment growth is forecast to hold steady at 4.3%, edging up from the prior month. Several of the respondents in the tariff survey cautioned against forecasting in the first place, given the unpredictability of Trump's tariff moves. 'Trump's first term should serve as a warning that we are not yet out of the woods and agreements are not guaranteed to hold,' said Sam Jochim, an economist at EFG Asset Management. 'Risks due to elevated uncertainty over the US's trade policy remain high.' --With assistance from Ran Li, Qizi Sun, Jing Zhao and Shulun Huang. Cartoon Network's Last Gasp DeepSeek's 'Tech Madman' Founder Is Threatening US Dominance in AI Race As Nuclear Power Makes a Comeback, South Korea Emerges a Winner Why Obesity Drugs Are Getting Cheaper — and Also More Expensive Tariffs Won't Reindustrialize America. Here's What Will ©2025 Bloomberg L.P. Sign in to access your portfolio
