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Saint-Gobain buys U.S.-based specialty chemicals company GCP Applied Technologies
... construction chemicals company at around $2.3 billion. Saint-Gobain said in a statement that the acquisition is a decisive step in establishing Saint-Gobain 's leading position in construction chemicals worldwide, with total sales of more than 4 billion euros $4.51 billion, up from 3 billion euros. The acquisition of GCP comes around seven months after the acquisition of Chryso, another player in the specialty construction chemicals business, for an enterprise value of more than $1 billion. After the ...
Updated: 12/06/2021
Dollar edges off peak as inflation forecast boosts stocks
... 6 Reuters -- The dollar edged off last week's peaks against riskier currencies on Monday as concerns about the Omicron variant seemed to ebb, but an expectation of inflation driving the U.S. interest rates higher kept the greenback firm against the euro. The growth-sensitive Antipodeans attempted a bounce in Asia after preliminary observations from South Africa showed that Omicron patients had relatively mild symptoms. The Aussie was up 0.3% to $0.7023 from a 13 month low. The kiwi went up 0....
Updated: 12/06/2021
Progress so far in improving home insulation in France
... Agency , praised government plans and funding commitments to encourage retrofits. Over the past 20 years, many of the country s efficiency gains have come from more stringent building codes but renovation rates remain slow. Since 2017, the Isolation 1 euro scheme has offered poorer households floor or loft insulation through commercial installers with costs reimbursed by the government. The initiative has resulted in French households being bombarded by phone calls from businesses that claim to provide ...
Updated: 12/06/2021
Asian stocks lagging behind on Fed taper hopes
... particularly against growth-leveraged currencies that are seen as vulnerable to the spread of the Omicron variant. The U.S. dollar hit 13 month peak on the Australian and New Zealand dollar , but its index was relatively steady on the majors at 96.214. The euro was easing a bit to $1.1295, which was well above its recent trough at $1.1184, while the dollar went up on the safe haven yen at 113.01. Profit-taking and macroeconomic concerns triggered nearly $1 billion worth of selling across cryptocurrencies,...
Updated: 12/06/2021
Asian stocks mostly rise As inflation data seal early taper
... particularly against growth-leveraged currencies, which are seen as vulnerable to the spread of the Omicron variant. The U.S. dollar hit 13 month peak on the Australian and New Zealand dollar , but its index was relatively steady on the majors at 96.214. The euro was holding at $1.1303 and above its recent trough of $1.1184, while the dollar lost ground on the safe haven yen to 112.94. On Saturday, a fifth of its value was lost due to a profit-taking and macro-economic concerns that caused nearly a billion ...
Updated: 12/06/2021
Stocks set to start the week under pressure from inflation data, risk aversion grips markets
The stock market looks set to start the week under pressure due to investors looking for U.S. inflation data amid the Federal Reserve hawkish tilt and the impact of omicron as risk aversion aversion curomicronAs risk aversion fears financial markets. The stock market looks set to start the week under pressure due to investors looking for U.S. inflation data amid the Federal Reserve hawkish tilt and the impact of omicron as risk aversion grips financial markets. None Of The Hot New Trends For Hedge...
Updated: 12/05/2021
Stocks set to start the week under pressure due to inflation, omicron
The stock market is set to start the week under pressure due to investors looking for U.S. inflation data amid the Federal Reserve hawkish tilt and the impact of omicron as risk aversion aversion fears financial markets. The stock market is set to start the week under pressure due to investors looking for U.S. inflation data amid the Federal Reserve hawkish tilt and the impact of omicron as risk aversion grips financial markets. None Of The Hot New Trends For Hedge Funds Is — Female Founders Finally...
Updated: 12/05/2021
German retailers warn of a Christmas run-up
... retailers had placed their hopes on the Christmas business. More retailers are moving closer to the precipice with each passing day, a disastrous outlook. In December, sales losses in the affected non-food retail sector could amount to 5.5 billion euros $6.22 billion, according to HDE estimates. According to the survey, 77% of firms have negative expectations for the weeks ahead.
Updated: 12/05/2021
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