The International Energy Agency slightly lowered this year’s global oil-demand outlook, but said it still expects growth to accelerate on lower prices and an improving economic outlook in developed countries.
The Swiss and French companies are in talks about a combination that would create a giant in Europe’s inspection, certification, and testing services industry, with a combined market value of some $33 billion.
The company reported total revenue growth of 8% at constant exchange rates for the third quarter of fiscal 2025, and confirmed its guidance for the year.
The Malaysian discount-store retailer aims to start tapping investors early next week ahead of a planned initial public offering valuing the company at over $1 billion, people familiar with the situation said.
Canada has approved Bunge’s $8.2 billion deal for Glencore-backed Viterra, as the companies agreed to concessions to address previous antitrust concerns.
Oil prices rose slightly as traders awaited more clarity on the effect of sanctions on Russia, while reports of an imminent cease-fire deal between Israel and Hamas capped gains.
A sticky U.K. inflation print could have been a catalyst for further volatility in the gilt market, but instead has provided some relief, however the data show a notable downside surprise, particularly in the services sector, J.P. Morgan said, adding that inflation dynamics could prove challenging this year.
Base metals slid as prices largely moved according to their own trends rather than being influenced by macroeconomic or political events, Sucden Financial said.
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