Germany’s chemicals sector, Europe’s largest, is starting to feel the pinch from delayed shipments via the Red Sea, becoming the latest industry to warn of supply disruptions that have forced some companies to curb production.
Wilson tennis rackets maker Amer Sports is targeting a valuation of up to $8.7 billion for its U.S. initial public offering, the company said on Monday, as it moves toward a much-anticipated listing that could test investor appetite for richly valued firms.
Instagram and Facebook users in Europe will be offered more choices on how they consume Meta Platforms’ services to comply with the European Union’s Digital Markets Act (DMA), the social media company said on Monday.
Australia’s Macquarie Group said on Monday it had raised more than 8 billion euros ($8.72 billion) for a new European infrastructure fund as investor appetite for tangible assets from ports and power to data centres remains strong.
Brazil’s economy is set to cool this year, a Reuters survey found, amid an intensifying tug of war between the government and some lawmakers over which sector should pick up the tab for adjustments needed to meet ambitious budget goals.
U.S. stock index futures rose on Monday, indicating further momentum in the S&P 500 after chip and megacap stocks drove the benchmark index to a record high last week, while corporate earnings and clues on rate cuts continued to top investors’ radar.
Choice Hotels International pressed ahead with its $8 billion hostile bid for Wyndham Hotels & Resorts on Monday by nominating a slate of directors to replace Wyndham’s eight-member board.
U.S. Federal Reserve officials suspected the fight to lower inflation would be difficult and have been reluctant to declare success even as price increases have slowed.
