EnQuest PLC (referred to as ‘EnQuest’ or the ‘Company’) has outlined its intention to apply for the delisting of its shares from Nasdaq Stockholm. However, the formal application for delisting will not be submitted to Nasdaq Stockholm until a minimum of three months after the market is informed of this decision through the publication of … Read more
On Thursday, Smurfit Kappa announced that it is in talks to merge with its U.S. counterpart, WestRock (WRK.N), creating a formidable partnership between two of the globe’s leading paper and packaging manufacturers. The newly amalgamated entity, which would bear the name Smurfit WestRock, is set to be headquartered in Ireland, with its global base in … Read more
Amidst impending labor contract negotiations, the United Auto Workers (UAW) union has submitted a counterproposal on economic matters to Ford Motor, while Stellantis, the parent company of Chrysler, is preparing to present its own counteroffer later this week. As the current four-year labor agreements covering 146,000 workers at the Detroit Three automakers approach their September … Read more
In recent developments, New York City is witnessing a significant crackdown on Airbnb and short-term rentals, with potentially thousands of listings facing removal from the market. The Stringency of Local Law 18 Local Law 18, enacted on a recent Tuesday, has imposed stringent regulations that go beyond merely limiting Airbnb’s operations within the city, effectively … Read more
Introduction Private fund managers are facing increased pressure to reduce fees as they seek commitments from limited partners (LPs) in a highly competitive fundraising landscape. The trend has led to larger fee discounts during the first half of 2023, impacting various segments of the private fund industry. Fee Discounts to Secure Commitments Private fund managers … Read more
Ethereum Singapore 2023 is poised to kick off on September 10, ushering in a three-day event aimed at uniting developers, builders, and communities to foster the burgeoning Ethereum ecosystem. This gathering, supported by community partners such as the Ethereum Singapore Meetup Group, will shine a spotlight on Web3’s potential for positive impact by showcasing real-world … Read more
RTX, formerly known as Raytheon Technologies, is set to initiate testing of a new medium-range sensor, bolstered by recent government contracts awarded by the U.S. Air Force. This development marks a significant step in the progress of RTX’s GhostEye MR radar project. Government Contracts Support GhostEye MR Radar Development RTX secured $7 million in funding … Read more
In July, the annual inflation rate in the United States gained momentum, and concurrently, jobless claims saw a decline. These developments are strengthening expectations that the Federal Reserve might maintain its current interest rates during the upcoming September policy meeting. Personal Consumption Expenditures (PCE) Index Shows 3.3% Yearly Increase The Commerce Department’s Personal Consumption Expenditures … Read more
Indian Rupee: The month of September ushers in significant financial alterations, with some taking effect on the first day, while others are scheduled later in the month. In this article, we will delve into five noteworthy financial changes set to impact various aspects of people’s finances, including Aadhaar updates and PAN card linking. Additionally, Axis … Read more
Prominent international insurance broker, Howden, continues its growth trajectory by making a significant acquisition in the financial services landscape. Building on its successful acquisition of SPF Private Clients (SPF) last year, Howden has now extended its presence in the mortgage market with the takeover of Finance Solutions, a Dublin-based financial services company. Finance Solutions: Diversified … Read more
