Category: Deal
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Energean signs $2b Dalia power plants gas deal
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Energean plc (LSE: ENOG; TASE: ENOG), led by CEO Mateus Rigas, announced this morning that it has signed a binding memorandum of understanding to supply 12 billion cubic meters of natural gas to Dalia Energy and Eshkol Energy. Plants. The duration of the agreement being finalized is approximately 18 years,…
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Shekel strengthens as hostage deal hopes rise
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The shekel price rose sharply against the US dollar this morning, and the market assessment is that the main reason is the significant progress reported in a deal to release Israeli hostages held by Hamas and a ceasefire in the Gaza Strip. The dollar-shekel exchange rate currently stands at 3.6328…
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Israel’s bullish markets see hostage deal as just the start
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In recent days, the financial markets in Israel have behaved as if they know something that we do not know. As rumors of a ceasefire grow, the shekel grows stronger, and stock market gains point to hopes far beyond an end to the fighting in Gaza. Market sources are optimistic…
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Tower flourishes after Intel deal cancellation
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Nearly three years ago, in February 2022, US chip giant Intel announced that it would buy Israeli company Tower Semiconductor (TASE: TSEM, Nasdaq: TSEM) for $5.4 billion. The deal was eventually cancelled, in the summer of 2023, after the companies failed to obtain approvals from the Chinese regulatory body in…
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How can you get a good deal in a high-rate environment?
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Mortgage rates continue to rise. According to Zillow, the average 30-year fixed mortgage rate rose six basis points to 6.78%Today, the 15-year fixed rate rose by three basis points to… 6.07%. The economic outlook for the first quarter of 2025 doesn’t make it seem like mortgage rates will drop anytime…
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Elbit wins $60m European counter drone deal
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The modular, multi-sensor, multi-mission ReDrone system is part of Elbit’s advanced EW, Radars and SIGINT portfolio. Israeli Defense Electronics Company Elbit Systems Limited (Nasdaq: ESLT; level:ESLT) has been awarded a contract worth approximately $60 million to supply its layered counter-unmanned aerial systems (C-UAS) to a NATO country. The contract will…
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Dubai developer DAMAC signs $1 billion deal with blockchain platform MANTRA
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DUBAI (Reuters) – Mantra, a blockchain platform focused on real assets (RWAs), said on Thursday it has signed an agreement with Dubai-based real estate developer Damac Group to tokenize assets in the Middle East worth at least $1 billion, the two companies said on Thursday. Asset tokenization allows rights or…
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Judge approves Tesla directors’ deal to end excess pay case
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Written by Tom Hales WILMINGTON, Del. (Reuters) – Tesla Inc (TSLA) executives, including Chairman Robin Denholm and James Murdoch, won court approval on Wednesday for a settlement worth up to $919 million that requires them to return damages to the automaker to resolve allegations that they overpaid… excess for themselves.…
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Biden’s Decision on US Steel Deal Followed Divide in His Orbit
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Breadcrumb Trail Links PMN Business Two weeks after the US election, hundreds of allies gathered at the White House to soothe Joe Biden in defeat. Tracking the closed-door bash for clues was a group rarely interested in the routine preening of Washington: arbitrage traders. Author of the article: Bloomberg News…
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Post Office eyes extra £100m from new bank deal to boost postmasters’ pay
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The Post Office is pushing for a significant increase in the fees banks pay to allow their customers to use their national branch network, in the hope of securing between £350m and £400m a year from the next banking framework – up from the current £250m. Under the proposal, around…
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Post Office eyes extra £100m from new bank deal to boost postmasters’ pay
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The Post Office is pushing for a significant increase in the fees banks pay to allow their customers to use their national branch network, in the hope of securing between £350m and £400m a year from the next banking framework – up from the current £250m. Under the proposal, around…
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‘Great Deal’: Trudeau’s Conservative Rival Makes Energy Pitch to Trump
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Breadcrumb links BMN Business Since winning the US election, Donald Trump has mocked Canadian Prime Minister Justin Trudeau by calling him the governor of the 51st US state, threatened to impose 25% tariffs, and talked about the US being cheated by its northern neighbor over its trade deficit. Article writer:…
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Russia Gas Flow to Europe Via Ukraine Set to Halt as Deal Lapses
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Breadcrumb links BMN Business It appears that Russian natural gas flows to Europe via Ukraine are about to stop on Wednesday, after the expiration of the transit agreement, which increases the risks to the continent’s energy security in light of its heavy reliance on reserves. Article writer: Bloomberg News Anna…
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Danish media campaign seeks to torpedo Elbit deal
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Recent months have seen a widespread campaign in the Danish media against a $250 million deal signed between the Israeli defense electronics company Elbit Systems and the Danish army to supply artillery and rocket launchers. Although the deal was signed at the beginning of 2023 and the first batches have…
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Deal with Gordon Brothers keeps up to 400 open
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Big Lots, which filed for bankruptcy in September, has reached an agreement to keep hundreds of its stores open. The retailer on Friday announced a deal with Boston-based divestiture firm Gordon Brothers Retail Partners, resulting in the transfer of 200 to 400 Big Lots stores to Variety Wholesalers, Inc. Diversified…
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Ukraine-Russia Gas Transit Deal At Critical Moment of Truth
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Breadcrumb Trail Links PMN Business The future of gas transit through Ukraine is at a turning point. If a last-minute deal isn’t struck by Wednesday, billions of cubic meters in gas flows could come to a halt. Author of the article: Bloomberg News Ewa Krukowska Published Dec 28, 2024 • …
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Vanguard reaches deal with US bank regulator over control of bank stakes
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(Reuters) – The U.S. Federal Deposit Insurance Corporation has reached an agreement with Vanguard that will strengthen the rules under which the investment management giant can acquire large stakes in large U.S. financial institutions, according to an agreement published by the watchdog on Friday. The agreement gives the FDIC greater…
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European Gas Faces a Raft of Challenges With Transit Deal Ending
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Breadcrumb links BMN Business Europe is on the verge of losing a significant portion of its gas supplies, with a key transit agreement between Moscow and Kiev expiring on December 31. Unless an alternative arrangement is reached in the final days of the year, stopping Russian flows through Ukraine will…
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Aviva agrees £3.7bn deal to acquire Direct Line, forming a UK motor insurance powerhouse
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Aviva has entered into a definitive agreement to acquire Direct Line for £3.7bn, creating one of Britain’s largest motor insurers. The FTSE 100 insurer will pay 275 pence per share for the FTSE 250 company, representing a 73.3 per cent premium to Direct Line’s share price before the talks emerged…
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SEIU Local 2: YVR janitors ratify deal, strike at Vancouver airport ends
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Article content VANCOUVER, British Columbia, Dec. 24, 2024 (GLOBE NEWSWIRE) — Sanitation workers cleaning Vancouver International Airport have ratified a new collective agreement. The strike ended at the airport on one of the busiest travel days of the year. Article content Strike action was scheduled to escalate today, but SEIU…