Author: Press Room

When South Korean arms companies secured a package of deals from the Polish government last year worth almost $14bn, it heralded a new era for the country’s defence industry.Decades of preparation for war with North Korea have helped the East Asian country to emerge as one of the world’s top 10 defence exporters, with artillery producer Hanwha Aerospace, tank producer Hyundai Rotem and fighter jet producer Korea Aerospace Industries leading the charge. “We are one of the few companies in the world that can deliver conventional weapons systems quickly and efficiently,” said Hanwha Aerospace executive vice-president Kim Dae-young.Russia’s invasion of…

© Reuters. FILE PHOTO: People shop at the Shops at the Oculus and Westfield Shops during Black Friday shopping in New York City, U.S., November 24, 2023. REUTERS/Brendan McDermid/File Photo (Reuters) – Holiday shoppers in the U.S. are seeking out the best deals and strategically nabbing the deepest discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Cyber Monday, as the first Monday after the Thanksgiving holiday has become known as merchants step up online promotions, is set to be the biggest online shopping day of the year in the United States. Strong online…

© Reuters. A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed/File Photo
 By Ateeq Shariff (Reuters) – Stock markets in the Gulf ended lower on Sunday in response to Friday’s fall in oil prices, although the Saudi index bucked the trend to trade higher. Oil – a catalyst for the Gulf’s financial markets – fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium. In Qatar, the index dropped 0.7%, weighed down by…

Selman Keles/E+ via Getty Images Fathom Digital Manufacturing (NYSE:FATH) holder Core Industrial Fund offered to purchase the remainder of the shares it doesn’t already own for $4.50 a share. On Wednesday, Core Industrial Fund, which owns a 63% stake in Fathom Digital (FATH), made a non-binding offer to purchase the company, according to a 13D filing on Friday. The offer represents a 4.4% premium to Fathom Digital’s (FATH) closing share price on Tuesday. Core expects that the Fathom (FATH) special committee will consider the proposal in consultation with independent financial and legal advisors and make a recommendation to the board,…

They’re two relatively young and very high-profile governors of large states who have a knack for grabbing national attention and firing up the bases of their respective political parties.Democratic Gov. Gavin Newsom of California and Republican Gov. Ron DeSantis of Florida, who have been trading fire for nearly two years, will tangle once again this week — but this time their slugfest will be in person.DeSantis, who is running for the 2024 GOP presidential nomination, and Newsom — who Republican critics charge is running a shadow campaign for the White House even though he repeatedly stomps on such speculation as…

Fixed income markets have only recently recovered their recent rout, but more upside may be ahead, a strategist said. The Fed’s likely done with rate hikes, which should eliminate the biggest headwind for bond investors.  LPL Financial laid out four things investors should watch as 2023 winds down. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The bond market turmoil that kicked off in October marked one of the worst sell-offs in history, but as 2023 nears its end, a market veteran says there’s…

Stay informed with free updatesSimply sign up to the German economy myFT Digest — delivered directly to your inbox.The chief executive of steelmaker Salzgitter has warned that Germany’s big energy users must commit to the country as a base to stave off the creeping deindustrialisation of Europe’s largest economy.Gunnar Groebler, who joined Germany’s second-largest steelmaker two years ago, told the Financial Times that if manufacturers of materials needed by industry, such as steel or chemicals, were to leave the region due to high energy costs “you run the risk of losing the whole value chain” of production.His comments come as…

© Reuters. German Chancellor Olaf Scholz is flanked by Economy and Climate Minister Robert Habeck and Finance Minister Christian Lindner to comment on the ruling of Germany’s Constitutional court that the government’s re-location of 60 billion euros ($65 billion USD By Andreas Rinke and Sarah Marsh BERLIN (Reuters) – Germany’s budget crisis has given new momentum to reforming self-imposed borrowing limits even among the opposition conservatives, as hunger for sorely needed investment trumps an earlier political obsession with fiscal rectitude. A constitutional court ruling on Nov. 15 against a budget manoeuvre to get around Germany’s “debt brake” threw the financial plans…

© Reuters. Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.11% Investing.com – Saudi Arabia stocks were higher after the close on Sunday, as gains in the , and sectors led shares higher. At the close in Saudi Arabia, the gained 0.11%. The best performers of the session on the were Arab Sea Information Systems Co SJSC (TADAWUL:), which rose 8.93% or 0.57 points to trade at 6.95 at the close. Meanwhile, Saudi Pharmaceutical Appliances (TADAWUL:) added 4.85% or 1.65 points to end at 35.70 and Al Sorayai Trading&Industrial Group (TADAWUL:) was up 4.36% or 2.30…

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