Article content FRANKFURT — German industrial gases company Messer said on Tuesday that Singaporean sovereign wealth fund GIC has invested a minority stake in the business as part of a strategic partnership. The proceeds from the investment will help Messer take full control of its Messer Industries joint venture, financing the acquisition of shares from […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Karen Braun Published May 29, 2023 • 2 minute read Join the conversation Article content NAPERVILLE — Speculators nearly abandoned bullish bets in Chicago soybeans last week as global supplies are seen sufficiently building over the next year, but a short-covering bounce mid-week […]
Article content LONDON — Barclays has appointed a Morgan Stanley veteran Scott McDavid as its new global head of equities, the British bank said on Tuesday, the latest in a series of high-profile hires at its investment bank in New York. The bank also said it had appointed Ronnie Wexler as global head of equities […]
Article content NEW DELHI — Indian gas utility GAIL (India) Ltd sees local gas demand growing by 6%-7% in the fiscal year to March, driven by lower prices and the resumption of supply under a deal with the former unit of Russia’s Gazprom, its chairman said on Thursday. Gas consumption in India fell by about […]
Article content Canada’s main stock index traded lower on Wednesday for the second straight session, weighed by mining stocks, although oil refining firm Gibson Energy reported a strong annual outlook. Gibson Energy Inc rose 4.4% after the company lifted its annual growth capital outlook and sanctioned two new tanks at Edmonton Terminal; it was set […]
Article content Shares of U.S. regional lenders gained on Monday led by a rebound in PacWest Bancorp, as investors tried to look past the crisis of confidence brought on by the collapse of three banks in a span of two months. PacWest rose 8.4%, while Western Alliance Bancorp, Fifth Third Bancorp, Comerica Inc and KeyCorp […]
Article content SAO PAULO — Shares in Brazilian food giant JBS SA fell more than 10% in early trade on Friday after the company posted a wider-than-expected first quarter loss, marking the first time the firm has faced difficulties in all countries where it operates. In a conference call with analysts, Global CEO Gilberto Tomazoni […]
Article content Canada’s main stock index fell on Thursday, weighed down by losses in commodity-linked sectors, even as fund manager CI Financial soared on a minority stake sale in its U.S. wealth management business. CI Financial Corp surged 44.2%, the biggest jump in 29 years, after the fund manager also beat quarterly revenue estimates. Article […]
Article content Activist investor Elliott Investment Management L.P. disclosed a large investment in Goodyear Rubber & Tire Co on Thursday and said it is pushing the company to strengthen its financial position by selling stores and starting an operational review. Elliott holds a 10% economic interest in the company, making it one of Goodyear’s biggest […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Karen Brettell Published May 09, 2023 • 2 minute read Join the conversation Article content NEW YORK — Treasury yields were little changed on Tuesday as investors awaited consumer price inflation Financial Post Top Stories Sign up to receive the daily top stories […]