business
Energy & Utilities Roundup: Market Talk
Find insight on Serica Energy, Semirara Mining & Power, Adani Power and more in the latest Market Talks covering Energy and Utilities. Source link
Oil Holds Near Lowest Level Since 2021 on Ukraine Peace Hopes, Looming Oversupply
Progress in talks to end the war in Ukraine has has fueled optimism among traders, as a potential deal could lead to the lifting of U.S. sanctions on Russian oil companies. Source link
The Watchmaker That Set Out to Lose Sales
Fossil is giving up less profitable sales as executives work to turn the business around. Source link
This Hollywood Property Mogul Stands to Lose No Matter Who Wins Warner
Set and studio landlords like Hackman Capital are already suffering from a slowdown in TV and film production. Source link
Holcim to Buy Peruvian Building-Materials Producer Cementos Pacasmayo
Holcim said it will buy a majority stake in the company in a deal that values the target as a whole at $1.5 billion. Source link
Kering Gets $690 Million for Stake in Fifth Avenue Property
Kering said the deal is part of a real-estate strategy that aims to secure retail locations for its brands, while enhancing financial flexibility. Source link
Trump Sues BBC for $10 Billion Over Documentary Editing
The suit was filed in federal court in Florida. Source link
Oil Falls Amid Prospects of Russia-Ukraine Peace Deal
Oil fell, as prospects of a Russia-Ukraine peace deal boosted expectations for an end to U.S. sanctions on Russian oil companies. Source link
Ford Takes $19.5 Billion Hit in Detroit’s Biggest EV Bust
The sum marks the U.S. auto industry’s biggest reckoning to date that it can’t realize its EV ambitions anytime soon. Source link
Can U.S. Automakers Compete With Chinese EVs While Focusing on Gas Guzzlers?
Detroit wants to make money on big, gasoline-powered cars today while also keeping up with Chinese EV competitors. Source link