March 30, 2022 10:30 am
Titan International Inc (TWI) said on Tuesday that it had entered into a definitive agreement to sell its Australian wheel business to OTR Tyres, a domestic tire, wheel and service provider. The deal is expected to close on March 31st. The transaction includes gross proceeds and cash to be repatriated of nearly AUD 23 million […]
Read moreMarch 30, 2022 8:46 am
Johnson & Johnson (JNJ) on Tuesday became the latest major company to limit its business operations in Russia in response to its incursion into Ukraine. Johnson & Johnson said that it would discontinue selling personal care products in the Russian Federation. The company said it would still provide medicines and medical devices in the region, […]
Read moreMarch 29, 2022 9:58 am
American International Group Inc (AIG) and BlackRock Inc (BLK) said on Monday they had formed significant partnerships, where BlackRock would manage certain liquid fixed income and private placement assets. Under the arrangements, BlackRock will manage up to $60 billion of the global AIG investment portfolio and up to $90 billion of its Life & Retirement […]
Read moreMarch 29, 2022 8:15 am
The shares of Barclays PLC (BARC) retreated more than 4% in early London trading session on Tuesday, after a top investor reportedly sold stock equivalent to a 3% stake in the company. According to a report by Reuters, an investor, whose identity was not disclosed, initiated a sale of 575 million shares on Monday evening, […]
Read moreMarch 28, 2022 8:25 am
USD/JPY gained more than 1.3% on Monday and touched highs not seen since August 2015 after the Bank of Japan intervened to prevent government bond yields from surging above its target. At the same time, rising US Treasury yields drove the US Dollar higher against a basket of six major peers. The Dollar Index was […]
Read moreMarch 28, 2022 7:25 am
General Motors Co (GM) said last week that it would idle for two weeks in April its assembly facility in Indiana, where it builds Chevrolet Silverado 1500 and GMC Sierra 1500 models, due to continuing semiconductor chip shortages. The company said it intended to halt production at its Fort Wayne assembly facility for two weeks, […]
Read moreMarch 25, 2022 11:34 am
Philip Morris International Inc (PM) announced on Thursday that it was working on options to leave the Russian market, as it cited a complex and rapidly changing regulatory and operating environment there, following Russia’s incursion into Ukraine. Philip Morris said it had stopped selling several cigarette products and had canceled all product launches for this […]
Read moreMarch 25, 2022 8:50 am
Motorola Solutions Inc (MSI) said earlier this week it had acquired TETRA Ireland Communications Limited, the provider of Ireland’s National Digital Radio Service. However, financial details of the acquisition remained undisclosed. TETRA Ireland ensures mission-critical voice and data land mobile radio (LMR) communications to thousands of first responders and frontline workers from national security and […]
Read moreMarch 24, 2022 11:44 am
South Korea’s LG Energy Solution Ltd (LGES) announced on Wednesday plans to invest as much as $1.5 billion to establish a joint venture with Stellantis NV in Canada. In October, LGES and Stellantis NV formed an electric vehicle battery production joint venture, while aiming to initiate the production process by the first quarter of 2024. […]
Read moreMarch 24, 2022 10:07 am
Futures on US West Texas Intermediate Crude Oil edged lower in another volatile trading session on Thursday, as investors weighed the possibility of new supply entering the market amid prospects of a new Iran deal and intensifying supply disruption concerns related to Russia-Ukraine military conflict. Yesterday White House national security adviser Jake Sullivan said the […]
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