Latest news with #KatiaDmitrieva
Mint
10 hours ago
- Automotive
- Mint
Burning Ship Bound for Mexico Carried Several Chinese Car Brands
(Bloomberg) -- A cargo ship that was abandoned in the middle of the Pacific Ocean after catching fire Tuesday was carrying cars from several Chinese automakers, according to people familiar with the matter. The Morning Midas was shipping around 3,000 cars from a range of manufacturers including Chery Automobile Co. and Great Wall Motor Co. to Mexico. It's unclear at this stage which brand's electric vehicle caught fire, the people said, who asked not to be identified discussing preliminary findings. The eastern Chinese city of Yantai, the port where the ship originated, also has a SAIC Motor Corp.-GM plant that produces the Buick Envision model, while the charterer of the vessel has been reported by local media to be Anji Logistics, a subsidiary of SAIC. Smoke was first seen coming from a deck of the vessel on Tuesday, whose cargo included about 800 EVs. The crew initiated firefighting procedures but the blaze couldn't be brought under control. Responders were deployed to support salvage and firefighting operations, the ship's manager Zodiac Maritime said in a statement. The US Coast Guard, which said the fire aboard the ship occurred approximately 300 miles south of Adak Island in Alaska, evacuated all 22 crew members and transferred them to a nearby merchant ship. Great Wall Motor had about 140 cars on the ship, although none of them were battery EVs and were not located at the deck where the fire started, one of the people said. A representative from Chery declined to comment. Great Wall Motor didn't immediately respond to a request for comment. Calls and an email to Anji Logistics weren't answered. --With assistance from Sarah Chen and Katia Dmitrieva. More stories like this are available on
Bloomberg
6 days ago
- Business
- Bloomberg
US-China Trade Truce Spurs Rush to Beat Tariffs
A big shift in regional trade is underway following US President Donald Trump's announcement – and temporary pause – of the so called 'Liberation Day' tariffs. Exports from Southeast Asia are surging, as companies around the world frontload and reroute shipments of parts and final goods such as toys and smartphones. Which countries are benefiting the most from this demand and the intensifying strategy of 'China+1', how long will these high export levels be maintained, and what are the risks for consumers and companies? Katia Dmitrieva speaks with Robert Subbaraman, head of global macro research at Nomura, about the latest on the trade front.
Yahoo
04-04-2025
- Business
- Yahoo
Trump Tariffs Hit US Trading Partners: How Will China React?
US President Donald Trump imposed the steepest American tariffs in a century that will see at least a 10% tariff on all exporters to the US, with even higher duties on some 60 nations. China now faces a tariff of well above 50% on many goods. Bloomberg's Katia Dmitrieva breaks down the situation and its significance for international trade. Sign in to access your portfolio
Bloomberg
03-04-2025
- Business
- Bloomberg
Trump Tariffs Hit US Trading Partners: How Will China React?
US President Donald Trump imposed the steepest American tariffs in a century that will see at least a 10% tariff on all exporters to the US, with even higher duties on some 60 nations. China now faces a tariff of well above 50% on many goods. Bloomberg's Katia Dmitrieva breaks down the situation and its significance for international trade. (Source: Bloomberg)
Bloomberg
03-04-2025
- Business
- Bloomberg
Navigating Art Market Pitfalls With a Citi Adviser
A duct-taped banana, a glass-encased tiger shark, a three-meter balloon dog – all selling for millions of dollars. For centuries, people have invested in art and their creators, with modern investors adding these 'alternative assets' to portfolios. But global art auction turnover fell by about a third to $9.9 billion last year, according to Artmarket. It's also an increasingly tricky industry to navigate, with many sales private and some high risk, and scams not uncommon. So what are the wealthy buying these days, how safe are these investments, and what should they expect in terms of return? John Lee and Katia Dmitrieva sit down with Betsy Bickar, senior vice president at Citigroup private bank's art advisory unit. The episode was recorded on March 25, prior to Art Basel Hong Kong, part of the city's Art Week.
