By Jeffrey T. Lewis SÃO PAULO — Petrobras, the state-controlled oil company, announced on Monday evening that it has formally requested access to Braskem's due diligence information. This request comes as Braskem's controlling shareholder, Novonor, engages in talks to sell its stake in the chemical company. Petrobras clarified that it has not made any decisions regarding the … [Read more...] about Petrobras Requests Access to Braskem’s Information Amidst Sale Talks
Bond Market Facing Challenges Due to Inflation Concerns
Bond prices have experienced a decline recently due to mounting fears of inflation. However, stock prices have managed to stay strong amidst these concerns. Longer Period of High Interest Rates Expected There are indications that the Federal Reserve might need to maintain high interest rates for a longer duration than initially anticipated in order to control inflation. As a … [Read more...] about Bond Market Facing Challenges Due to Inflation Concerns
Wall Street Warms Up to U.S. Manufacturing Stocks
As the U.S. manufacturing sector emerges from a lengthy downturn, Wall Street is showing renewed interest in these stocks. One example is automation technology giant Rockwell Automation (ticker: ROK), whose shares were recently upgraded by Wolfe Research analyst Nigel Coe. While the upgrade to a Hold rating may not be wildly bullish, it does reflect Coe's confidence that … [Read more...] about Wall Street Warms Up to U.S. Manufacturing Stocks
Aimia’s Subsidiary Acquires Cortland Industrial from Enerpac Tool Group
Aimia is proud to announce that their subsidiary, Tufropes, has recently acquired Cortland Industrial from Enerpac Tool Group in a CAD 26.6 million ($20 million) deal. Cortland Industrial is a leading manufacturer and supplier of technologically advanced ropes, slings, and tethers. By joining forces, the newly combined business will operate under the name Cortland, while … [Read more...] about Aimia’s Subsidiary Acquires Cortland Industrial from Enerpac Tool Group
Trouble Continues for Ticketmaster and Taylor Swift’s “Eras” Tour in France
NEW YORK - The journey of Ticketmaster and Taylor Swift's "Eras" tour has hit yet another snag, this time affecting fans in France. On Tuesday, numerous fans reported difficulties accessing Ticketmaster's website, which resulted in the sudden postponement of ticket sales for six upcoming shows in Paris and Lyon. The exact cause of the issue remains unclear, but Ticketmaster's … [Read more...] about Trouble Continues for Ticketmaster and Taylor Swift’s “Eras” Tour in France
