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

Continental AG eyes acquisition, possibly in Asia:
German tyre and car parts maker Continental AG (CONG.DE) is looking for an acquisition in the industrial sector, possibly in Asia, and could spend up to 2 billion euros ($2.54 billion), its finance ch
Rio Tinto rejects Glencore merger approach amid iron ore slump
Rio Tinto (RIO.AX) rejected a merger approach from smaller rival Glencore Plc (GLEN.L) to create a $160 billion mining and trading giant in August just as the price of its most profitable product, iro
Japan August machinery orders seen rising slightly, current account surplus trimmed
Japan's August core machinery orders due next week are expected to rise modestly for a third straight month, a Reuters poll found - doing little to ease fears that the government's growth-promotion po
China steel demand shrinks for first time in 14 years as slowdown stings
China's steel consumption dropped this year for the first time since at least 2000 due to slower economic growth, leading to a surplus of iron ore in the country and a more than 40 percent plunge in p
Japan fourth quarter aluminum premiums mostly set at record high $420 per tonne: sources
Japanese aluminum buyers will mostly pay record high premiums of $420 per tonne over London Metal Exchange (LME) prices for October-December shipments, up 3-5 percent from the prior quarter, five sour
Two Japanese aluminum buyers agree to pay record premium of $420 in fourth quarter: sources
Two Japanese aluminum buyers have agreed to pay a producer a record premium of $420 per tonne for metal to be shipped in the October-December quarter, two sources directly involved in the quarterly pr
Nigeria-Kenya Chamber of Commerce grants 7 oil fields to NIgerian business men sparking deeper business ties in other sectors
Dr Kiprono Kittony, the chairman of the Nigeria-Kenya Chamber of Commerce, announced in a meeting in Abuja Monday that 7 of the 46 newly discovered oil fields will be granted to Nigerian business men.
Greek petroleum firm StealthGas raises $47M in share sale
Kifisia, Greece-based petroleum and petrochemical gas products transporter StealthGas Inc raised $47 million through the sale of 4.47 million common shares at $10.50 apiece for its vessels purchases a
Seplat: To end gas flaring in Nigeria in 5 years
Oil and gas producer Seplat, the first publicly listed oil and gas firm in the Nigerian bourse, said that it would end its gas flaring activities in the country by September and expects that the pract
US firm WireCo acquires Endenburg to build new crane rope business in the Netherlands
Kansas, US-based wire rope manufacturer WireCo WorldGroup Inc acquired the assets of Gouda, Netherlands-based construction and transport materials supplier Endenburg BV for an undisclosed amount to be
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