Industrials

Baltimore Bridge Ship Crash Shuts Down Port, Disrupts Shipments: Will Consumer Goods Prices Surge?

The Baltimore Bridge collapse halted Port operations, disrupting supply chains. With thousands of jobs at risk, fears rose over consumer goods prices.


Canada Goose to Cut 17% of Corporate Workforce, Impacting 915 Employees Amid Retail Downturn

Canada Goose slashes 17% of global corporate staff, impacting 915 employees amidst declining luxury demand. CEO cites the need for optimization amid industry shifts...

Japan’s Nippon Steel Is Determined to Acquire US Steel Despite Joe Biden's Opposition

After President Joe Biden voiced opposition to the $14.1 billion plan of Japan's Nippon Steel to acquire US Steel, the Japanese firm said it is committed to pursuing the buyout deal...

Oil Prices Remain Nearly Unchanged as Market Ponders on Chinese Demand, North America Supply Rises

Oil prices remained relatively stable on Thursday, with Brent crude futures settling unchanged at $82.96 per barrel...


Latest News

Invepar wins rights to upgrade, operate Brasilia-Rio de Janeiro highway, to invest $3.2 billion
Infrastructure group Invepar SA has won the rights to operate a 937-kilometer stretch of Brazil's BR-040 highway, connecting Brasilia to Rio de Janeiro. Invepar is expected to invest $3.2 billion in B
Spanish builder FCC shares jump on news of American investor George Soros' 3% stake purchase
Shares of debt-laden construction firm FCC SA leaped by as much as 8.8% on Friday following news that American hedge fund Soros Fund Management, controlled by billionaire George Soros, had acquired a
GS Holdings and LG to pay $598M for combined stake in South Korea's STX Energy
South Korean oil refiner operator GS Holdings Corp entered into an agreement with commodity trader LG International Corp to acquire a combined stake in STX Energy for $598 million.
Rosneft not eyeing any more acquisitions, will focus on Morgan Stanley unit merger instead
Russian oil producer Rosneft said on Friday that it does not have any plans to make strategic acquisitions after agreeing to acquire Morgan Stanley's oil trading unit last week.
SAIL, ONGC of India in discussions for a joint coal-bed methane exploration project
State-owned steel maker Steel Authority of India (SAIL) and the country's largest energy explorer, the Oil and Natural Gas Corporation, are in preliminary talks about jointly exploring coal-bed methan
Probes in Indian mining deals endangers $160 billion projects - report
Commodity analysts believed that the successive probings into mining deals in India could become a factor in the potential disinterest of investors pouring in funds into the country.
Royal Dutch Shell renews option to buy Pennsylvania land for proposed $2 billion ethylene plant
Oil giant Royal Dutch Shell on Thursday announced that it has renewed an option to buy land in Monaca,Pennsylvania owned by metal-processing company Horsehead Holding Corp. Shell has a $2 billion ethy
Brazil mining giant Vale to auction Log-In Logistica stake, Fosbrasil capital
Brazil-based iron ore mining giant Vale said it will sell its stake in Brazilian logistics firm Log-in Logistica International and auction its capital in phosphoric acid firm Fosbrasil.
$5.8 B debt accord sees Batista's OGX shares jump 21%
Investors seemed to be positive with regard to news from former Brazilian billionaire Eike Batista about Oleo & Gas Participacoes SA's creditors agreeing to convert $5.8 billion worth of company debt
China's Zoomlion acquires Germany's M-Tec
China-based construction equipment manufacturer Zoomlion Heavy Industry Science & Technology Co has bought Germany-based dry mortar equipment producer M-Tec, according to a statement on the company's
Real Time Analytics