Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Contract negotiations between Boeing and its largest union, representing 33,000 U.S. West Coast factory workers, remain unresolved after a 25-day strike. The ongoing strike has severely impacted the production of Boeing's key aircraft, including the 737 MAX, 777, and 767 models.
Union Demands and Stalled Talks
The International Association of Machinists and Aerospace Workers (IAM) resumed talks with Boeing and federal mediators on Monday. However, no significant progress was made, with the union continuing to push for a 40% pay increase over four years and the reinstatement of a defined-benefit pension, which was removed a decade ago.
Boeing's Offer Falls Short
Last month, Boeing presented a revised offer that included a 30% wage increase and the reinstatement of a performance-based bonus. While Boeing described the proposal as its "best and final" offer, a union survey indicated that members felt the offer did not meet their demands, particularly concerning pension restoration.
Impact on Boeing's Financials
The strike has halted production of Boeing's top-selling 737 MAX, a key source of revenue at a time when the company faces challenges in its defense division. As the strike continues, Boeing's ability to meet delivery targets and maintain its financial outlook remains under pressure.
