Leon Neal/Getty Images News BP (NYSE:BP) will invest 353M yuan (~$48.5M) to acquire a 15% stake in Chinese renewable diesel and sustainable aviation fuel producer Lianyungang Jiaao New Energy, S&P Global reported Wednesday. Parent company Jiaao Enprotech has 100K metric tons/year of SAF capacity, and the deal comes amid risingContinue Reading
Robert Way BYD (OTCPK:BYDDY) is set to acquire a 20% stake in Rever Automotive, its local distributor in Thailand, Reuters reported Saturday. The Southeast Asian country is the Shenzhen-based EV maker’s largest market outside China. Rever Automotive boasts a showroom network of more than 100, and the company launched BYDContinue Reading
Drew Angerer/Getty Images News Liberty Global (NASDAQ:LBTYA) has evaluated selling a stake in Swiss telecom operator Sunrise ahead of a planned spin-off later this year. Conversations have occurred with investors including the Swiss family office on the topic, according to a Reuters report on Friday, which cited people familiar withContinue Reading
JHVEPhoto/iStock Editorial via Getty Images Smith & Nephew (NYSE:SNN) ADRs traded higher premarket Friday after the U.K.-based medical device maker disclosed an ownership stake from Swedish activist investor Cevian Capital. In a regulatory filing on Thursday, Smith & Nephew (SNN) said Cevian held a 5% stake in the London-listed firmContinue Reading
thamerpic/iStock Editorial via Getty Images Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) is scrapping plans to sell its stake in Kazakh mining company Kazzinc after bids from potential buyers failed to match its valuation, Bloomberg reported Wednesday. Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) had been considering exiting the business following interest from Chinese buyers, but it hasContinue Reading
Chalabala/iStock via Getty Images Chewy (NYSE:CHWY) shares jumped over 22% premarket on Monday after influential trader Keith Gill, known online as Roaring Kitty, disclosed a 6.6% stake in the pet food retailer. The stake disclosure comes just days after Gill posted picture of a dog on social media site X.Continue Reading
Manuel Milan/iStock Editorial via Getty Images Repsol (OTCQX:REPYY) (OTCQX:REPYF) plans to sell a minority interest in its Eagle Ford shale assets in Texas in a deal that could value the assets at as much as $2B, Reuters reported Friday. The Spanish company reportedly is open to selling as much asContinue Reading
Amazon (NASDAQ:AMZN) stock on Wednesday hit $2T market capitalization for the first time ever, underscoring the overall dominance exerted by megacap technology stocks over Wall Street right now. The tech and retail behemoth joins Google-parent Alphabet (GOOG)(GOOGL), iPhone-maker Apple (AAPL), OpenAI-backer Microsoft (MSFT) and chip giant Nvidia (NVDA) as theContinue Reading
tifonimages/iStock via Getty Images Lundin Mining (OTCPK:LUNMF) +3.6% in Wednesday’s trading after saying it will exercise its option to increase its ownership of the Caserones copper and molybdenum mine in Chile to 70% by acquiring an additional 19% interest for C$350M. With the call option exercise, Lundin (OTCPK:LUNMF) will beContinue Reading
ALFSnaiper/iStock Editorial via Getty Images Sphere Entertainment (NYSE:SPHR) rose to a 5.8% gain Tuesday afternoon after a late Monday filing disclosed an ownership stake held by investor and New York Mets owner Steve Cohen. The SEC filing noted Cohen and his Point72 Asset Management owned just over 1.56M shares, addingContinue Reading
