December 29, 2022 10:13 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior two trading days on Thursday, as spiking new COVID-19 infections in China dampened fuel demand outlook for the biggest oil importer globally. The scale of the latest COVID outbreak across the Asian nation caused some countries to put in place new travel […]
Read moreDecember 23, 2022 10:32 am
Stellantis (STLA), the third-largest auto maker globally, has begun exclusive talks with Faurecia and Michelin to acquire a “substantial” stake in their joint venture, Symbio, a fuel cell system manufacturer for hydrogen mobility. Last year, Stellantis introduced hydrogen-powered mid-size vans and announced plans to bring its hydrogen offer to large-size vans in Europe in 2024 […]
Read moreDecember 22, 2022 11:32 am
Hyundai Motor America said it had achieved a key milestone by selling its 15 millionth vehicle in the United States. The vehicle was a Tucson, sold at West Herr Hyundai in Williamsville, New York, to Wende and James Tuskes, the company said. “I can’t think of a better way to conclude 2022 than by celebrating […]
Read moreDecember 22, 2022 9:58 am
Clear Channel Outdoor Holdings Inc (CCO) said on Thursday that it had entered into a definitive agreement to sell its Swiss business to Goldbach Group AG, an affiliate of TX Group AG, for as much as CHF 86.0 million ($92.7 million). Clear Channel Outdoor Holdings’ Swiss business is expected to contribute nearly $9.7 million, excluding […]
Read moreDecember 21, 2022 12:19 pm
Zinc concentrate producer Titan Mining Corporation said on Wednesday that it had extended the maturity date of its $40 million credit facility with National Bank of Canada. The maturity date of Titan Mining Corp’s revolving credit facility has been extended from December 6th 2023 to December 6th 2024, the company said. “I am pleased we […]
Read moreDecember 21, 2022 9:24 am
Inter Parfums Inc (IPAR) said on Wednesday that its majority-owned French subsidiary, Interparfums SA, and fashion sport brand Lacoste had signed a global exclusive 15-year fragrance license agreement, effective January 1st 2024. Under the agreement, Interparfums will be responsible for the creation, development, production and marketing of all perfume and cosmetics lines under the Lacoste […]
Read moreDecember 20, 2022 9:50 am
USD/JPY registered a fresh four-month low on Tuesday, after Bank of Japan unexpectedly tweaked its yield curve control range, as it sought to ease some of the cost of prolonged ultra-accommodative monetary policy. The 10-year government bond yields will now be allowed to move 50 basis points in either direction from BoJ’s 0% target, compared […]
Read moreDecember 19, 2022 12:08 pm
LG Energy Solution (373220) on Monday announced plans to invest KRW 4 trillion ($3.1 billion) until 2026 in an EV battery-producing plant in Ochang, South Korea. The project is to include research & development, production facilities and related infrastructure and is expected to employ 1,800 people. “We plan to set up a diversified product portfolio […]
Read moreDecember 19, 2022 9:46 am
US defense firm L3Harris Technologies Inc (LHX) said over the weekend that it would acquire Aerojet Rocketdyne Holdings Inc (AJRD) in a $4.7 billion all-cash deal, as demand for missiles surges amid continuing military conflict in Ukraine. The acquisition is expected to be finalized next year and will add on to L3Harris’ Space & Airborne […]
Read moreDecember 16, 2022 11:41 am
Spanish oil major Repsol said today that it had agreed to acquire renewable energy company Asterion Energies for as much as EUR 560 million plus contingent payments of up to EUR 20 million. Asterion Energies’ 7.7 gigawatt portfolio consists of 4.9 gigawatts of photovoltaic solar and 2.8 gigawatts of wind generation, 2.5 gigawatts of which […]
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