Industrials

Norway Labor Unions Successfully Negotiated a 5.2% Wage Increase, Avoiding Major Strike

Labor unions and employers in Norway have successfully negotiated a 5.2% wage increase.


House Purchase Applications Continue To Dip As Mortgage Rates Remain High

Despite a slight dip in average interest rates for 30-year fixed-rate mortgages, weekly mortgage demand remains stagnant, with fewer applicants seeking loans for refinancing or home purchases...

UPS Lands Primary Air Cargo Deal with USPS as FedEx Ends 20-Year Partnership

UPS will manage the majority of air cargo transportation for USPS. The contract between the two entities is set for a minimum of five and a half years...

United Airlines Urges Pilots to Take Unpaid Leave Amid Boeing's Production Woes Affecting Aircraft Deliveries

United Airlines requests pilots' unpaid leave due to Boeing delivery delays, impacting aircraft deliveries and forecasted block hours for 2024...


Latest News

Samsung C&T nabs USD1.22 billion order to construct Saudi Arabia power plant
Samsung C&T Corp. on Monday announced that it has been awarded with a KRW1.29 trillion (USD1.22 billion) order to build a power plant in the western Saudi coast. Rabigh 2 power plant is expected to yi
ThyssenKrupp to divest its steel plant in the US for up to USD1.5 billion - sources
In an article on Reuters, two unidentified sources were cited saying that ThyssenKrupp is set to divest its US steel plant and expects to obtain around USD1.5 billion from its asset sale.
Iraqi Kurdistan enters into multi-billion-dollar energy package with Turkey
Sources who were familiar with the deal said the government of Turkey and the regional government of Iraqi Kurdistan inked a deal that would allow building of new infrastructure and cooperation in exi
Bumi shareholders to decide on spin-off from Bakrie family
Shareholders will be casting their votes on December 4 on the two-step deal that would see Bakrie family of Indonesia exiting from coal producer Bumi Plc.
Agarwal disappointed about his USD8 billion investment in aluminum
In an interview with Bloomberg TV India, billionaire Anil Agarwal expressed his disappointment about the outcome of his INR500 billion or USD8 billion investment in his aluminum business, and even com
Canadian mining firm Trevali completes USD46-million financing
Canada-based base metals mining firm Trevali Mining Corp announced the closing of a USD46-million financing through the offering of 55.4 million of its shares priced at USD0.83 apiece.
Canadian firm Pacific Rubiales completes Petrominerales acquisition
Canadian gas and oil producer Pacific Rubiales Energy Corp (PREC) announced that it has closed the acquisition of light oil and pipeline firm Petrominerales Ltd.
Exxon to exit 25% stake in Iraq oilfield to PetroChina
US oil major Exxon Mobil will sign over its 25% stake in Iraq's West Qurna1 oilfield project to China's largest energy company PetroChina. Exxon previously offered to sell its entire stake in the oilf
Octanex targets mining assets in Philippines and Indonesia in merger
Australia-based gas and oil explorer Octanex said the main reason for its merger with Peak Oil & Gas was the latter's access to exploration projects in the Philippines and in Indonesia.
Golub Capital gives USD 193 million loan facility to Aurora Capital Group for NTS purchase
Golub Capital announced that it provided a USD 193 million one-loan debt facility to Los Angeles-based private equity firm Aurora Capital Group to support its National Technical Systems Inc acquisitio
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