Dow Jones soars 918 points to record high as investors cheer Powell’s dovish pivot NEW YORK: The Dow Jones Industrial Average surged to a record high Friday after Federal Reserve Chair Jerome Powell hinted the central bank may begin easing monetary policy as early as next month. The Dow jumped 918 points, or 2%, to…
Horisont Energi to wind down operations amid market headwinds
SANDNES: Norwegian clean energy developer Horisont Energi AS said on Friday it will begin an orderly wind-down of operations by the end of September, citing persistent market headwinds and a failure to secure strategic investment. The company, which spun off its Barents Blue ammonia project in June, has struggled to attract capital for its remaining…
Air Liquide to acquire DIG Airgas in €2.85 billion deal, expanding South Korea footprint
PARIS: French industrial gas giant Air Liquide said on Friday it has signed a binding agreement to acquire DIG Airgas, one of South Korea’s leading integrated gas companies, in a deal valued at €2.85 billion ($3.1 billion). The transaction, expected to close in the first half of 2026, marks a strategic push into Asia’s fast-growing…
Cuscal surpasses FY25 forecasts; Acquires Indue Limited in $75 million deal
SYDNEY: Cuscal Limited (ASX: CCL) has posted robust FY25 financial results, exceeding its pro forma net profit forecast and declaring a final dividend of 5.5 cents per share, while simultaneously announcing the acquisition of Brisbane-based payments firm Indue Limited in a cash-funded $75 million deal. The acquisition, expected to close by December 31 pending regulatory…
Credit Clear posts strong FY25 results; Eyes further growth in digital debt resolution
SYDNEY: Credit Clear Limited (ASX: CCR), a leading Australian digital debt resolution provider, reported a 12% rise in revenue to A$46.9 million for the fiscal year ended June 30, 2025, driven by strong client onboarding and increased adoption of its AI-powered collections platform. Underlying EBITDA surged 76% to A$7.4 million, reflecting operational efficiencies and margin…
R Systems to acquire Novigo Solutions, creating $240 million agentic AI powerhouse
NEW DELHI: Blackstone portfolio company, R Systems International Limited, a global leader in digital product engineering, said Thursday it has entered into a definitive agreement to acquire Novigo Solutions, a specialist in low-code/no-code (LCNC) development and intelligent automation services. The strategic acquisition will create a digital product engineering powerhouse with annual revenue of INR 20,600…
Cloudbreak Discovery finalizes sale of U.S. assets to G2 Energy Corp
LONDON: Cloudbreak Discovery Plc (LSE: CDL) has finalized the sale of its U.S. assets to G2 Energy Corp., executing definitive contracts for the Masten Unit Energy Project in Texas, the company announced Friday. Under the terms of the agreement, Cloudbreak will receive £50,000 upon signing and an additional £50,000 over the next five months. The…
Boom Logistics delivers strong FY25 result, driving EPS growth and shareholder returns
SOUTHBANK: Boom Logistics Limited (ASX: BOL) reported a robust full-year result for FY25, with operating earnings per share (EPS) surging 38% to 22 cents, underpinned by strategic fleet renewal, disciplined cost controls, and strong project activity in renewables and transmission lines. Revenue rose 2% year-on-year to $265 million, while EBITDA climbed 9% to $50 million….
Blackstone to acquire Shermco in $1.6 billion deal to expand energy transition portfolio
NEW YORK: Blackstone (NYSE: BX) announced Thursday that private equity funds affiliated with the firm have entered into a definitive agreement to acquire Shermco, a leading provider of full life-cycle electrical equipment services, from Gryphon Investors. The transaction values Shermco at approximately $1.6 billion. Founded in 1974, Shermco is one of the largest electrical testing…
Webjet Group accelerates business travel expansion with Locomote acquisition
MELBOURNE: Webjet Group Ltd. (ASX:WJL) announced Thursday it will acquire Melbourne-based business travel platform Locomote Holdings Pty Ltd for up to A$23 million, fast-tracking its corporate travel strategy and boosting long-term earnings. The deal includes A$17 million in upfront cash and a potential A$6 million earn-out tied to EBITDA targets. The acquisition enables Webjet to…
Stocks slide ahead of Powell speech; Dow Jones drops 225 points amid rate cut speculation
JACKSON HOLE: U.S. stocks fell broadly Thursday as investors braced for Federal Reserve Chair Jerome Powell’s pivotal speech at the central bank’s annual economic symposium. The S&P 500 declined for a fifth consecutive session, shedding 0.4%, while the Nasdaq Composite also lost 0.4%. The Dow Jones Industrial Average dropped 225 points, or 0.5%, weighed down…
Entegris commits $700 million to U.S. semiconductor R&D in partnership with Trump administration
NEW YORK: Entegris, Inc. (Nasdaq: ENTG), a global leader in advanced materials science, said on Thursday it will invest $700 million in domestic research and development over the next several years to accelerate semiconductor innovation, in collaboration with the Trump Administration. The investment spans Entegris’ Materials Solutions and Advanced Purity Solutions divisions and includes capital…