The U.S. shipbuilding industry is looking for help. A South Korean company is answering the call. Hanwha Philly Shipyard CEO David Kim, nodding to the gargantuan vessels under construction just off the Delaware River, on Wednesday offered the kind of vision that has brought some optimism back to the U.S.…
President Donald Trump said Wednesday that Coca-Cola in the United States will begin to be made with cane sugar, but the company did not explicitly say that was the case when it was asked later about Trump’s claim. Trump said Wednesday afternoon on Truth Social that he had been speaking…
Asian stock markets began Friday’s session with modest gains, as a rally in global equities gained fresh momentum from strong US economic data that helped to ease concerns about a potential slowdown in the American economy. While most regional indices advanced, Indian benchmarks like the Sensex opened on a weaker…
Japan’s key measure of consumer prices cooled slightly more than expected in June, but remained well above the Bank of Japan’s target. This persistent inflation continues to exert pressure on Prime Minister Shigeru Ishiba’s government, which faces a crucial national election on Sunday, and keeps the central bank on a…
Global upstream merger and acquisition (M&A) activity saw a significant decline in the first half of 2025, reaching just over $80 billion—a 34% drop compared to the same period in 2024, according to Rystad Energy. “The slowdown is due mainly to volatile oil prices, tariff uncertainties, higher OPEC+ production and fewer…
BHP Group, a global mining giant, announced a significant setback at its Jansen potash project in Canada, revealing a delay in its timeline and a projected cost overrun of up to $1.7 billion. This disclosure on Friday underscores the complexities and financial challenges inherent in large-scale mining developments. Despite this hurdle, the…
Israel’s stock market has defied the odds to become the strongest performer in the Middle East over the past 22 months of conflict, reaching record highs even as the country navigates multiple wars, political unrest, and allegations of war crimes.The Tel Aviv Stock Exchange (TASE), which initially plunged 23% in…
European stock markets started the final session of the week on a positive note, with major indices broadly higher as investors reacted to a flurry of strong corporate earnings reports and took their lead from a wave of optimistic sentiment that has been rippling through global markets.About 15 minutes after…
Swedish defense group Saab reported stronger-than-expected second-quarter earnings and raised its 2025 sales guidance, as rising global defense budgets continue to fuel demand for its combat systems and aircraft. Shares rose over 12% after the company posted operating income of 1.98 billion Swedish kronor ($204 million), comfortably ahead of analyst…
The global IPO market remained broadly flat in the first half of 2025, with 539 deals raising US$61.4 billion, matching the deal count from the same period last year but posting a notable uptick in proceeds. However, momentum slowed in the second quarter, which saw only 241 IPOs and US$31.5…