11. 09
(Mon)
World list
23 articles-
Apple avoids AI debt pile, draws 42 trillion won in corporate bond orders
Apple raised $7.5 billion in U.S. corporate bonds with orders exceeding $31 billion, highlighting its capital advantage over big tech rivals pursuing aggressive AI infrastructure spending.
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Big Tech's AI Capex Debt Pile Grows as Credit Spreads Widen
Big tech companies are increasingly relying on massive debt and equity issuance to fund AI capital spending, prompting credit rating downgrades and wider bond spreads as cash flow turns negative.
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HD Hyundai signs JV deal with US Kiewit to form HD Kiewit Shipbuilding
HD Korea Shipbuilding & Offshore Engineering signed a joint venture agreement with US-based Kiewit to establish HD Kiewit Shipbuilding, aiming to build a new smart shipyard in the United States. Investment scale expansion to the trillion-won level remains under discussion.
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France's bond market trapped in high-rate spiral as ECB rescue blocked
French 10-year yields hit 24-year high, spread over Germany widens to 177.7 bp, largest since 2011. ECB emergency purchases blocked by fiscal rules, leaving France trapped in a high-rate spiral with Moody's review and budget vote as key risks.
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BlackRock flags 7% rate paradox as big tech AI swallows bond market
BlackRock sees historic 7% yields in high-grade bonds, but big tech AI debt issuance is crowding out other borrowers and fueling credit risk polarization, with independent data centers facing default threats.
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France downgrade likely but EU rating safe; real flashpoint is Germany
A likely Moody's downgrade of France on Oct. 23 poses little direct risk to the EU's top credit rating due to rating methodology, but Germany's fiscal strength and the untested joint bond guarantee mechanism are the real vulnerabilities for European bond markets.
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Australian lamb pushes into Coupang, GS The Fresh as live-sheep export ban triggers butterfly effect
Austrade is running large-scale Australian lamb promotions with Coupang and GS The Fresh in Korea, aiming to develop alternative markets as Australia phases out live sheep exports by 2028.
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Mirae Asset India ETFs trade 49% above NAV as supply freeze fuels speculation
Mirae Asset's India-listed overseas ETFs are trading at premiums of up to 83% over NAV as India's overseas investment limits halt new issuance, fueling speculation. Direct investing via the LRS is emerging as an alternative.
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L-SAM pushed out of Swiss air defense race as European production weighs
Hanwha Aerospace's L-SAM has been effectively eliminated from Switzerland's long-range missile defense competition, which is now a two-way race between Israel's David's Sling and Europe's SAMP/T NG amid political delays.
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France trapped in debt with 516 trillion won in bonds as divided parliament loses fiscal control
France's 10-year bond yield nears 5% as a divided parliament stalls a 43 billion euro austerity budget, threatening fiscal control and raising default risk ahead of record 2027 issuance.
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Hungary raises battery environmental fines 50-fold, hitting SK On and Samsung SDI
Hungary will raise the cap on environmental fines for large industrial facilities to 5 billion forints, a 50-fold increase, after SK On's Iváncsa battery plant was fined for groundwater contamination. The move signals a shift to punitive regulation under the new government, raising cost and regulato
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US Commerce sets final CVD on Korean hot-rolled steel; POSCO 3.68%
The U.S. Commerce Department finalized countervailing duties on Korean hot-rolled steel at 3.68% for POSCO and 1.28% for Hyundai Steel, widening the gap between the two steelmakers and adding cost pressure in the U.S. market.
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Hyundai Motor, Kia to pay public costs of vehicle thefts…US 29 localities settle
Hyundai Motor and Kia are settling with 29 US municipalities over vehicle theft-related public costs, following a $200 million consumer settlement. Kansas City approved the deal, but total settlement terms remain confidential.
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Hyundai E&C clears first US licensing hurdle for 4 Texas nuclear reactors
Hyundai E&C's Texas nuclear project with Fermi America cleared the first US environmental review hurdle, with NRC staff recommending preliminary approval for four AP1000 reactors. Final safety review and an integrated EPC contract remain key steps.
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SK KCE secures 100MW ESS project in US, begins community outreach
SK Innovation E&S subsidiary Key Capture Energy is advancing a 100MW battery project in Illinois, focusing on community outreach ahead of a 2028 construction start.
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LG Chem Ohio plant air permit enters comment period for ozone reduction rules
Ohio EPA opened a public comment period on LG Chem's Ravenna air permit modification, which incorporates RACT standards for ozone reduction rather than expanding production. Final approval by U.S. EPA is expected after the Nov. 2 deadline.
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Navarro slams Korean steel, raising concerns over $5.8bn Louisiana mill
White House adviser Peter Navarro accused Korea of illegal steel transshipment and subsidies, threatening further trade action. The move could raise costs and uncertainty for Hyundai Steel and POSCO's $5.8 billion Louisiana mill project.
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Chip-backed loans near 62 trillion won, a new time bomb in AI infrastructure debt rollovers
GPU-backed loans in the U.S. have surged to nearly $46.3 billion as Nvidia and Wall Street asset managers build a $500 billion AI infrastructure financing platform, raising concerns about collateral value declines and systemic risk.
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Boston Dynamics' Spot to pick up cigarette butts in Detroit streets
Boston Dynamics' four-legged robot Spot will be tested for trash collection on downtown Detroit streets starting as early as Oct. 14, in a trial with real estate developer Bedrock Detroit.
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Volkswagen recalls ID.4 over battery defect, caps charging at 80% as cause unknown
Volkswagen is recalling 22,524 ID.4 EVs in the U.S. over a battery thermal runaway risk, advising owners to cap charging at 80% while the root cause remains unknown. Battery supplier SK On faces potential liability as investigations continue.