The Washington H Soul Pattinson logo is seen displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesStocks of Australian investment firm Washington H. Soul Pattinson, also known as Soul Patts, and its affiliate Brickworks surged after both companies announced a A$14 billion ($9 billion) merger.Shares of Soul Patts traded 13.78% higher, while Brickworks, Australia’s largest brickmaker, jumped 22.32% as of 1 p.m. local time.As part of the deal, a new company listed in Sydney will acquire all outstanding shares of Soul Patts and Brickworks. The merged entity is projected to be worth around $9 billion, with holdings across…
Author: usaeverydaylife
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailGreg Foran, outgoing CEO of New Zealand’s flag carrier Air New Zealand, discusses how the airline is coping with engine issues, tariffs and rising competition. Source link
The U.S. and Chinese flags are seen on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via ReutersChina on Monday refuted Washington’s claims that it had broken the Geneva trade agreement, instead accusing the U.S. for breaching deal terms, signaling talks between the worlds top two economies have taken a turn for the worst.Trade frictions between Washington and Beijing have flared up after a hiatus following a meeting between U.S. Treasury Secretary Scott Bessent and his Chinese counterpart in Geneva, Switzerland, that had led them to suspend most…
US President Donald Trump speaks during a visit to US Steel – Irvin Works in West Mifflin, Pennsylvania, May 30, 2025. Saul Loeb | AFP | Getty Images When threatened, birds puff up their feathers to appear larger than they actually are, and squawk to signal aggression.On Friday, U.S. President Donald Trump suggested he would no longer be “Mr. NICE GUY” to China after the country “totally violated” its trade agreement with America. The same day, Trump said he would raise tariffs on steel imports to 50% from 25%.The escalations follow a détente in May, during which Trump reached a…
Karol Nawrocki casts his ballot in Warsaw, Poland on 1 June, 2025.Nurphoto | Nurphoto | Getty ImagesEurosceptic Karol Nawrocki established a lead in Sunday’s presidential election in Poland, late exit polls showed, with the ballot seen as a test of the nation’s support for a pro-European course versus Donald Trump-style nationalism.A late exit poll by Ipsos for broadcasters TVN, TVP and Polsat showed Nawrocki at 51% and his rival, liberal Warsaw Mayor Rafal Trzaskowski, at 49%. Readings published just after voting ended had Nawrocki losing at 49.7% to 50.3%. Official results were due on Monday.Nawrocki, 42, an amateur boxer who ran a national remembrance institute, campaigned on a…
An attack on marchers promoting awareness of Israeli hostages in Gaza is an act of terrorism that injured 6 people, federal authorities said Sunday evening in Boulder, Colorado.A suspect was arrested at the scene. Witnesses told authorities he had shouted “Free Palestine,” while using an incendiary device to throw flames at the demonstrators.The injured range in age from 67 to 88. Two law enforcement sources had said earlier that one was in critical condition. They were at or near a weekly demonstration to support awareness of Israeli hostages still held in Gaza by Hamas militants.Mark D. Michalek, special agent in…
The Washington H Soul Pattinson logo is seen displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesAustralian investment company Washington H Soul Pattinson will buy out its building products affiliate Brickworks in a deal valuing the latter at A$4.62 billion ($3 billion), the companies said on Monday.The deal would merge the companies, and a new Australia-listed firm would be established with an expected valuation of A$14 billion ($9 billion).Stockholders in Washington H Soul Pattinson would own 72% of the newly formed company. Holders of Brickworks would own 19% while the remainder would be offered to new shareholders.Soul Patts has a 43% shareholding in Brickworks and Brickworks owns 26% of Soul Patts.The new entity has received…
People walking through the neon lit night streets of Sinchon in the heart of Seoul, South Korea’s vibrant capital city.Fotovoyager | E+ | Getty ImagesAsia-Pacific markets were set to fall after President Donald Trump told U.S. steelworkers late Friday that he will double tariffs on steel imports to 50% with effect from Wednesday.Japan’s benchmark Nikkei 225 was set to open lower, with the futures contract in Chicago at 37,650 while its counterpart in Osaka last traded at 37,680, against the index’s last close of 37,965.1.Futures for Hong Kong’s Hang Seng index stood at 22,901, lower than its last close of…
Britain’s BP appears to be attracting a number of possible buyers for its Castrol lubricants business as the struggling oil giant seeks to fend off a prospective takeover . Energy companies including India’s Reliance Industries and Saudi Arabia’s oil behemoth Aramco , as well as private equity firms Apollo Global Management and Lone Star Funds, have all been touted as suitors for BP’s Castrol unit, according to Bloomberg , citing people familiar with the matter. It’s thought the sale of Castrol could fetch between $8 billion to $10 billion. BP, which launched a strategic review of its Castrol unit in…
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on May 30, 2025, in New York City. Angela Weiss | AFP | Getty ImagesStock futures fell on Sunday as Wall Street looks to the start of a new month of trading following a strong performance in May.S&P 500 futures traded down 0.3%, along with Nasdaq-100 futures. Futures tied to the Dow Jones Industrial Average also declined 108 points, or 0.3%.On Friday, the S&P 500 closed out the month of May with a more than 6% gain, its best monthly performance since November…
