tyb
GrafTech Int'l sold by Brookfield Asset Mgmt.: $214.40m-Jan 14
Secondary announced Jan 15th
https://www.marketscreener.com/quote/stock/GRAFTECH-INTERNATIONAL-LT-42779064/news/GrafTech-Shares-Drop-10-as-Brookfield-Affiliate-Plans-Offering-32206874/
GrafTech International Ltd (GTI) is a manufacturer of graphite electrodes, products essential to the production of electric arc furnace (EAF) steel and various other ferrous and nonferrous metals. The Company also produces needle coke products, which are the primary raw material needed in the manufacture of graphite electrodes. The Company is manufactures and provides graphite and carbon materials used in the transportation, solar and oil and gas exploration industries. The Company's operating segments include Industrial Materials, which include graphite electrodes, refractory products and needle coke products, and Engineered Solutions, which includes advanced electronics technologies, advanced graphite materials, advanced composite materials, and advanced materials. The Company has seven product categories: graphite electrodes, refractory products, needle coke products, advanced graphite materials, advanced composite materials, advanced electronics technologies and advanced materials. Number of employees : 1 346 people.
https://www.marketscreener.com/quote/stock/GRAFTECH-INTERNATIONAL-LT-42779064/company/
from Jan. 4 '21
Brookfield Asset Management offers to take Brookfield Property private in $5.9 billion deal
Brookfield Property has roughly $88 billion in total assets, including office buildings, malls, self-storage facilities and logistics hubs.
https://www.cnbc.com/2021/01/04/brookfield-offers-to-take-brookfield-property-private-for-5point9-billion.html
Brookfield Asset Management Inc. is an alternative asset management company focusing on real estate, renewable power, infrastructure and private equity. The company's headquarters are located in Toronto, and it also has corporate offices in New York City, London, Rio de Janeiro and Sydney. Brookfield's major public subsidiaries included Brookfield Infrastructure Partners, Brookfield Renewable Partners, Brookfield Property Partners, and Brookfield Business Partners. In August 2018, Brookfield purchased Westinghouse Electric Company, a manufacturer of large nuclear reactors, out of bankruptcy for $4.6 billion.
The company was founded in 1899, as the São Paulo Tramway, Light and Power Company by William Mackenzie and Frederick Stark Pearson. Operating as in construction and management of electricity and transport infrastructure in Brazil. In 1904, the Rio de Janeiro Tramway, Light and Power Company was founded by Mackenzie's group.In 1912, Brazilian Traction, Light and Power Company was incorporated in Toronto as a public company to develop hydro-electric power operations and other utility services in Brazil, becoming a holding company for São Paulo Tramway Co. and Rio de Janeiro Tramway Co.
moar
https://en.wikipedia.org/wiki/Brookfield_Asset_Management
https://www.finviz.com/insidertrading.ashx?oc=1685160&tc=7&b=2
New E.O.
Executive Order on Taking Additional Steps to Address the National Emergency with Respect to Significant Malicious Cyber-Enabled Activities
https://www.whitehouse.gov/presidential-actions/executive-order-taking-additional-steps-address-national-emergency-respect-significant-malicious-cyber-enabled-activities/
>kek
Yellen vows 'full array of tools' to curb China's abusive practices
The U.S. is prepared to "use the full array of tools" against "abusive" Chinese practices, Treasury secretary nominee Janet Yellen said Tuesday, projecting a tough stance on the bilateral trade row ahead of President-elect Joe Biden's inauguration.
"We need to take on China's abusive, unfair and illegal practices," Yellen told the Senate Finance Committee in her confirmation hearing, soon after calling the Asian country "our most important strategic competitor." "China is undercutting American companies by dumping products, erecting trade barriers and giving illegal subsidies to corporations," as well as "stealing intellectual property" and engaging in such unfair practices as "forced technology transfers," the former Federal Reserve chair said, echoing the outgoing Trump administration's complaints against Beijing.
Yellen's remarks Tuesday suggest that the Sino-American economic relationship will remain fraught under Biden. But the two administrations differ on how to counter Beijing.
In her testimony, Yellen stressed the importance of working with allies, as well as of investing in infrastructure, research and development, and elsewhere in order to compete with China. The veteran economist, who will be the first woman to lead the U.S. Treasury if confirmed, did not take a clear stance on the use of tariffs but said that when it comes to addressing such issues as forced technology transfers, the U.S. "should focus directly on those practices."
Biden has said he will not move quickly to remove Trump's tariffs on China before a comprehensive review and consulting with allies.
And while acknowledging the importance of sanctions administered and enforced by the Office of Foreign Assets Control under Treasury Yellen said she will be "focused on making sure that they're used strategically" and "in the most effective way." To this end, Yellen said she will ask Deputy Treasury Secretary-designate Wally Adeyemo to "quickly" begin a review of current U.S. sanctions policy if he is confirmed.
In its final months, the Trump administration has broadened such policy to include a ban on trading and owning a wide range of China stocks, including the country's top three telecommunications carriers – a move criticized for hurting U.S. investors.
Biden's economic policy team also has bigger domestic challenges to address. In the face of economic damage from COVID-19, Yellen told the Senate committee that the U.S. must "act big" on economic relief or risk "a longer, more painful recession now and longer-term scarring of the economy later." Questioned on rising government debt, Yellen said that the most important thing that can be done now to "put us on a path of fiscal sustainability is to defeat the pandemic, to provide relief to American people, and then to make long-term investments that will help the economy grow and benefit future generations." Yellen also expressed an openness to the idea of the U.S. issuing long-term debt to take advantage of low rates.
Meanwhile, China reports that its gross domestic product grew a real 2.3% in 2020, making it the only major economy to expand in the pandemic-stricken year.
https://asia.nikkei.com/Politics/International-relations/US-China-tensions/Yellen-vows-full-array-of-tools-to-curb-China-s-abusive-practices
went and watched the other day.
upstairs got active this afternoon fwiw
nite all.
be in early