by Sunil Sahil
Sunil Sahil
Bain Capital Is Considering Selling a $7 billion Stake in US LBM
According to those with knowledge of the situation, Bain Capital is considering selling a small portion of US LBM, which could value the building materials company at $7 billion or more, including debt. According to the individuals, who requested anonymity because they lacked official authority to speak to the media, the corporation is collaborating with … Read more
British pound continues to suffer at the hands of the dollar, according to the GBP/USD forecast
Prior to turning around and displaying signs of strength once more, the British pound opened Monday’s trading session with a reduced gap. After that, the market began to decline in an effort to break through the 1.21 level, which is where we are now as I write this piece. The British pound is likely to … Read more
400 MW Tierra Bonita Solar Project in Texas to Receive $270 Million in Green Financing from Ashtrom Renewable Energy
A subsidiary of the Ashtrom Group, a global independent power producer and developer of renewable energy, today announced the signing of a green financing agreement worth about $270 million with a group of five banks: BHI, the American branch of the Bank Hapoalim Group, Bayerische Landesbank, ING Capital, Rabobank, and Société Générale. Additionally, Ashtrom Renewable … Read more
Rising Demand for Coconut Oil Expected to Reach US$ 11,684.5 Million by 2033 | Future Market Insights, Inc.
In 2023, the market for coconut oil was valued at US$6,049.4 million, and by 2033, it is anticipated to reach US$11,684.5 million. Through 2033, the global market is anticipated to grow at a CAGR of 7%. The demand for coconut oil is rising as consumers become more interested in organic and non-GMO products. Clean-label, natural, … Read more
Earnings for Zephyr Energy’s first half of 2023: 0.001 loss per share (vs. 0.012 profit in the first half of 2022).
Revenue: $12,3 million USD (down 48% from 1H 2022). Net loss of $2.32 million (down 113% from 1H 2022’s profit of US$17.4 million). Loss of US$0.001 per share (down from US$0.012 in the first half of 2022). Revenue is anticipated to increase by 60% p.a. on average over the next three years, compared to a … Read more
As US yields rise, Japan’s Nikkei drops to a four-month low.
As sentiment soured in response to increased U.S. yields and the Federal Reserve’s proclamation of an extended period of tight financial conditions, Japan’s Nikkei share average fell to a four-month low on Tuesday. At 02:25 GMT, the Nikkei fell 1.23% to 31,367.578 after falling as low as 31,260.99 for the lowest time since June 2. … Read more
US stocks are neutral and the FTSE is down as investors wait for Powell’s remarks.
Monday in London saw mixed performance on the FTSE 100, European markets, and US markets as investors await new data and remarks from Federal Reserve chair Jerome Powell on the central bank’s outlook for interest rates. Later today, Powell will participate in a roundtable discussion. The FTSE 100 (FTSE) was up 0.2% at the start … Read more
In Industry Victory, Ether-Futures ETFs Are Making Their US Debut.
The debuts occur nearly two years to the day after the ProShares Bitcoin Strategy ETF (ticker BITO), the first Bitcoin-futures ETF, had its US debut to great excitement and a quick accumulation of assets. However, that launch took place when Bitcoin, the biggest virtual currency, traded for more than $60,000. This time around, the competition … Read more