Stocks reverse losses after president temporarily eases trade war measures MILAN: Chinese electric vehicle giant BYD is expanding its presence in Europe with the launch of its premium Denza brand, despite escalating trade tensions between China and the European Union. The automaker announced Wednesday at Brera Design Week in Milan that its first European Denza…
Markets Rally as Trump Announces Tariff Relief; Dow Soars 2,476 Points
Stocks reverse losses after president temporarily eases trade war measures U.S. stocks staged a dramatic rebound Wednesday after President Trump announced a temporary easing of trade tariffs, sparking the biggest single-day rally in months. The Dow Jones Industrial Average rocketed up 2,476 points (6.6%) to 39,683 by mid-afternoon, while the S&P 500 surged 7.8% and…
Cal-Maine Foods to acquire Echo Lake Foods for $258 million
JACKSON: Cal-Maine Foods, a leading U.S. egg producer, announced it has reached a deal to acquire Echo Lake Foods, a Wisconsin-based breakfast foods manufacturer, for approximately $258 million. The acquisition will be funded using Cal-Maine’s existing cash reserves. In a statement released alongside its third-quarter earnings, Cal-Maine said it had signed a “definitive agreement” to…
Tessell secures $60 million to revolutionize database services
SAN RAMON: Tessell, a multi-cloud database-as-a-service startup, has raised $60 million in a Series B funding round led by WestBridge Capital. The new funding will support the company’s expansion efforts and the launch of its AI-powered conversational database management service. Founded four years ago, Tessell aims to address challenges faced by businesses as they manage…
US mortgage applications surge 20%, breaking a three-week decline
BOSTON: In a striking turnaround for the US housing market, mortgage applications surged 20% in the week ending April 4, according to the latest data from the Mortgage Bankers Association of America (MBA). This notable rebound follows three consecutive weeks of declines, offering a glimmer of hope for both prospective homeowners and the broader housing…
Arla Foods, DMK Group announce plans for major dairy merger
VIBY J: Arla Foods and DMK Group have unveiled plans to merge, forming Europe’s largest dairy cooperative with more than 12,000 farmers and a projected annual revenue of €19 billion. The proposed merger, announced by the companies on Tuesday, aims to strengthen the dairy industry by leveraging shared values and complementary strengths. Arla Foods said…
Assura Plc Board recommends KKR and Stonepeak offer as fair
LONDON: Kohlberg Kravis Roberts & Co (KKR) has reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Assura Plc for 49.4 pence in cash per share. The Assura Directors, who have been so advised by Lazard as to the financial terms of…
Assura Plc board rejects revised proposal from Primary Health Properties
LONDON: On 3 April 2025, Assura plc announced that its Board had received a revised indicative proposal from Primary Health Properties plc (PHP) concerning a potential share-and-cash offer for the company. Known as the PHP Proposal, the offer was structured on an adjusted net tangible assets (NTA) exchange ratio. Under the terms of the proposal,…
Technology Minerals’ Recyclus signs battery recycling deal with global firm
LONDON: Technology Minerals Plc (LSE: TM1) announced Tuesday that its battery recycling subsidiary, Recyclus Group Ltd, has secured a 12-month contract with a global industrial company to recycle lithium-ion batteries at its Wolverhampton facility. The deal will see Recyclus process end-of-life Li-ion batteries, receiving gate fees for collection and generating revenue from the sale of…
Avation PLC announces six-year lease to Clic Air
LONDON: Avation PLC (LSE: AVAP), a leading commercial passenger aircraft leasing company, is pleased to announce a six-year lease agreement with Colombian airline Clic Air for an ATR 72-600 aircraft. The aircraft, currently in the process of being returned by its previous operator, is set for delivery to Clic Air in the coming weeks after…
Austco Healthcare to acquire Guild & Spence Technologies
SYDNEY: Austco Healthcare Limited (ASX:AHC) announced Monday that it has signed a conditional binding term sheet to acquire Guild & Spence Technologies, a New Zealand-based company specializing in integrated communication and security systems for healthcare facilities. The acquisition aligns with Austco’s mission to enhance patient care, safety, and operational efficiency through advanced technology solutions. Guild…
Fitch downgrades 2025 outlook for U.S. retail and consumer sectors to deteriorating
Fitch Ratings has revised its 2025 forecast for the U.S. retail and consumer products sectors, changing its outlook from Neutral to Deteriorating. This adjustment reflects concerns over the recently announced tariffs, which are expected to impact consumer spending as sentiment weakens and retail costs rise. The report indicates that most Fitch-rated companies in these sectors…