Australian Pilbara and POSCO Korea joint venture agreement, lithium production in South Korea

Australian Pilbara and POSCO Korea joint venture agreement, lithium production in South Korea

Australia’s lithium mine Pilbara Minerals announced on the 26th that it has agreed with South Korean steel giant POSCO to establish a joint venture in South Korea to process lithium hydroxide. Pilbara’s share price surged over 9%. The total project cost of the new production facility is expected to be up to $ 750 million. With the…

Mastercard, expansion of virtual currency service Partnership with BAKKT

Mastercard, expansion of virtual currency service Partnership with BAKKT

The US credit card giant Mastercard announced on the 25th that its partners will be able to buy, sell and hold crypto assets (virtual currency) using digital wallets. Also, it will be possible to collect and use virtual currency instead of points. Mastercard has partnered with BAKKT Holdings, a US digital asset platform company, for the…

The Nikkei average in the morning rebounded sharply, favoring the rise in US stocks and rising 500 yen

The Nikkei average in the morning rebounded sharply, favoring the rise in US stocks and rising 500 yen

In the Tokyo stock market on the morning of the 26th, the Nikkei average rebounded sharply to 29,100.57 yen, up 500.16 yen from the previous business day. It recovered 29,000 yen in a way that favored the rise in US stocks. Even after it started high in the morning, it continued to move steadily in the high…

Tesla’s market value exceeds one trillion and Musk brings double wealth surge

Tesla’s market value exceeds one trillion and Musk brings double wealth surge

The market value of Tesla’s TSLA.O soared to more than $1 trillion on Monday, which is a double wealth for the electric car maker’s largest shareholder and CEO Elon Musk. It is reported that Tesla received the largest order ever from the car rental company Hertz, and the stock price rose 12.7%. According to Refinitiv’s data, as Tesla’s share…

Facebook invests billions of dollars to develop meta-universe technology as advertising business slows

Facebook invests billions of dollars to develop meta-universe technology as advertising business slows

Facebook Inc said on Monday that it will begin publishing financial data for its virtual and augmented reality divisions; this is when its main advertising business is facing “significant uncertainty.” Facebook warned that Apple’s new privacy rules will put pressure on its digital business this quarter. Previously, the social media company’s quarterly revenue was lower than…