Ireland

Mary Robinson, former president of Ireland, said on Tuesday that a group of former leaders from around the world are urging Europe not to let trade wars or defence spending divert attention away from climate change issues. The Elders, the group created by Nelson Mandela as former South African president, will meet with EU and NATO in late this month to discuss ways to soften upcoming corporate climate disclosure regulations to address concerns about competitiveness. Robinson, Ireland's former president from 1990-97, said that she was concerned about the plans, but that the bloc has an opportunity to seize the leadership...

Artificial intelligence bulls are dusting off an old economic theory that dates back 160 years to explain why stocks in the sector may still have more to offer, despite China's new cheap AI model DeepSeek. The tech stocks fell on January 27th after DeepSeek was launched. DeepSeek, which costs a fraction of the rival AI models but requires less sophisticated chips and is cheaper than the other AI models, raised concerns about the West's massive investments in data centres and chipmakers. The biggest one-day decline in market capitalisation of any company in history was caused by the U.S. advanced chips...

U.S. oil and gas business Kosmos Energy stated on Thursday it was in early talks for an all-share acquisition of West Africa-focused Tullow Oil. Earlier in the day, Tullow resolved current media speculation by revealing that there is no certainty of any deals being made or of the regards to any possible deals. Kosmos Energy has a deadline of 5 p.m. London time on Jan. 9, 2025, to decide whether to reveal a firm intention to make a deal or to declare that it will not pursue the acquisition. The Dallas, Texas-based business has a market cap of $1.75 billion,...

Dublinbased corporation DCC said on Tuesday it would put its healthcare division up for sale and take a look at options for its innovation company in order to concentrate on energy, its biggest and fastest growing unit. Chief Executive Donal Murphy said DCC had been a varied group because it was established more than thirty years back, however that its greatest opportunity was now in the energy shift. We have chosen it remains in the very best interest of shareholders to focus exclusively on the energy service, he informed Reuters. Shares in DCC leapt as much as 18% to 5,865...

Australian shares rose on Thursday driven by gains in heavyweight miners and financials, while mining giant Rio Tinto offered to purchase U.S.based Arcadium Lithium in a $6.7 billion deal a day earlier. The S&P/ ASX 200 index increased 0.5% to 8,225 by 2331 GMT. The standard ended 0.1% greater on Wednesday. After the marketplace closed on Wednesday, Rio Tinto said it will buy Arcadium Lithium in an all-cash deal to end up being the world's. third-largest lithium miner. Shares of the iron ore miner increased as much as 0.8% to. A$ 119.220. The mining sub-index snapped a two-day losing streak....

The personal equity owners of Flowco have begun preparations for an initial public offering of the oilfield companies that could value it at as much as $ 2 billion and come as early as the first half of 2025, according to individuals familiar with the matter. Jefferies, JPMorgan Chase and Piper Sandler have actually been tapped as the lead underwriters for the stock exchange flotation, the sources said, cautioning that the timing and the size of the offer went through market conditions. Flowco has filed in complete confidence with U.S. regulators for its IPO, the sources stated, requesting privacy to...

U.S. oil and gas manufacturer ConocoPhillips' secondquarter revenue beat Wall Street estimates on Thursday, gaining from higher output and product costs. The beat comes as ConocoPhillips is pursuing a $22.5 billion takeover of Marathon Oil, one of the largest offers of the quarter that is presently under review by the Federal Trade Commission. The combination would develop a company pumping 2.26 million barrels of oil and gas daily, and add 1.32 billion barrels of proven reserves to ConocoPhillips' 6.8 billion. The Houston, Texas-based business said its strategies to close the Marathon handle late fourth quarter stays on track, and restated...

U.S. oil and gas companies could deal with an uphill struggle to sell about $27 billion of properties to fund investor payouts over the next few years as the greatest wave of energy megamergers in 25 years nears the end of regulative reviews. The share buybacks and dividends are required to entice financiers back to an industry that lots of have actually avoided over volatile returns and pressure to decarbonize portfolios. Energy stocks represent simply 4.1% by weight of the S&P 500, a 3rd of their 2011 share as tech and healthcare financial investments took off. But finding brand-new owners...

The pitches used in the T20 World Cup matches played in New york city have actually not been up to requirement and ground staff are dealing with treating them for the rest of the tournament, the International Cricket Council (ICC) stated on Thursday. The short-term Nassau County International Cricket Arena has actually hosted 2 games up until now, both of which were low-scoring encounters due to the nature of the drop-in pitch which has actually made batting incredibly tough due to the movement and bounce. Fans expecting a run-fest were left dissatisfied when Sri Lanka were bowled out for 77--...

U.S. oil and gas production are finally revealing signs of flattening out as drilling rigs and well conclusion teams have been idled in action to the retreat in rates considering that the middle of 2022. Across the country crude and condensates production was performing at practically 13.2 million barrels per day (b/d) in March 2024 according to the most recent data from the U.S. Energy Details Administration (EIA). Nevertheless, there had been no net development given that October 2023, showing the surge in production after completion of the coronavirus pandemic and Russia's invasion of Ukraine had ended. Production from the...

The pitches utilized in the T20 World Cup matches played in New york city have not depended on standard and ground personnel are dealing with correcting them for the rest of the competition, the International Cricket Council (ICC) stated on Thursday. The momentary Nassau County International Cricket Stadium has actually hosted 2 games so far, both of which were low-scoring encounters due to the nature of the drop-in pitch which has actually made batting very hard due to the movement and bounce. Fans expecting a run-fest were left dissatisfied when Sri Lanka were bowled out for 77-- their least expensive...

U.S. oil and gas production are finally revealing signs of flattening out as drilling rigs and well completion crews have actually been idled in response to the retreat in prices because the middle of 2022. Across the country crude and condensates production was running at almost 13.2 million barrels per day (b/d) in March 2024 according to the most recent data from the U.S. Energy Information Administration (EIA). However, there had actually been no net development because October 2023, indicating the rise in production after completion of the coronavirus pandemic and Russia's invasion of Ukraine had ended. Production from the...

In a Thursday statement, the U.S. Trade Rep Jamieson Greer said that he and his Vietnamese counterpart had a productive meeting in which they both agreed to make rapid progress in reciprocal trade. Greer and Vietnam’s Minister of Industry and Trade Nguyen Han Dien spoke Wednesday and "instructed [their] teams to engage in technical discussion in the coming days in order to discuss efforts on expanding market access and addressing unfair trade practices," according to the statement. The statement stated that "Both sides agreed it is important to make rapid progress toward reciprocal and equal trade between the United States...

A group of investors called for the review of Australia's listings rules. They claimed it was "unreasonable", that companies could issue large amounts of shares without shareholder approval to fund acquisitions. Investors wrote to the Australian Stock Exchange on Wednesday, stating that James Hardie's proposed $8.75 billion purchase of AZEK would dilute the interests of existing AZEK shareholders and "irreversibly alter their rights" without a vote. Investors, including top pension funds AustralianSuper and UniSuper and institution investors Schroder Investment and Fidelity Australia, called on ASX to require shareholder approval for any share issuance over a certain threshold and for listing...

On Wednesday, the Trump administration announced that it would impose a 25% duty on all beer imports. The beverage and empty aluminum aluminum cans will be added to a list containing derivative products which are subject to aluminum tariffs. In a Federal Register announcement, the Commerce Department stated that duties on beer will be collected at 12:01 am EDT Friday, April 4, starting with empty aluminum cans. The notice reversing Trump's previous aluminum tariff changes only lists the tariff code for malted beer. The notice does not mention a subordinate tariff code for beer imported in glass bottles. The Commerce...

Finances reach two-week high James Hardie's worst session for nearly a full year Losses from miners and consumers By Roushni Nair March 24, 2019 - Australian shares finished flat on Monday, as gains in financials countered losses in mining. Meanwhile, building materials company James Hardie fell after it announced its agreement to purchase U.S. artificial flooring maker AZEK at $8.75 billion. The benchmark S&P/ASX 200 Index edged up by 0.07% to 7,936.9 point. Financials rose by over 1% to their highest level for two weeks. The 'Big Four" banks increased between 0.5% to 2.5%. Henry Jennings is a senior analyst...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. James Hardie Industries, a building materials company, has agreed to purchase AZEK in the United States, a manufacturer of decking, railings and pergolas. The deal is worth $8.75billion. After a successful campaign of pressure against Paul Weiss law firm, the White House is intensifying its attacks on the legal sector, leaving some firms scrambling for a way to avoid the White House's crosshairs. Mark Carney, Canada's prime minister, called an election for Sunday. Voters will be sent...

Donald Trump, the U.S. president, said that he will impose a 200% tariff on all wine and other alcoholic beverages coming from the European Union as long as the bloc does not remove the tariff it has placed on whiskey. The European Commission announced on Wednesday it would impose counter-tariffs on U.S. products worth 26 billion euros (28 billion dollars) from next month. This will intensify a global trading war as a response to U.S. tariffs that cover steel and aluminum. The EU executive, however, said that it was open to negotiation and considered that higher tariffs were not in...

CRH projected core profit growth between 6% and 12% by 2025, after the largest building material producer in Europe and the United States posted 12% growth in 2024 due to strong non-residential and infrastructure activity. The Irish-based U.S. listed firm stated that it does not expect any slowdown in these two segments in North America where it earns about 75% its profit. Similar trends are evident in Europe, as well as some signs of residential improvement. CRH has benefited from an increase in capital expenditure in the U.S. that is still affecting projects. Jim Mintern, the new CEO of CRH,...

James Hardie Industries (the world's largest fibre cement manufacturer) reported on Wednesday a 15% drop in its third quarter profit due to a decline in raw materials at its North American operations. The North American division of the company has been negatively affected by the rising mortgage rates, volatile expectations for interest rates and high home prices. North America's net sales fell from $727 million to $719.3 millions, due to a weaker homebuilders' market. The company stated that it planned to expand its growth and margins across all regions in fiscal year 2026. The Dublin-based company posted a net profit...

The Biden administration on Friday issued lastminute proposed rules to curb dutyfree imports under the $800 de minimis threshold, rejecting the lowvalue deliveries exemption for items that undergo other punitive U.S. tariffs. The relocation marks a problem for e-commerce companies, including China-based Shein and PDD Holdings' Temu, which have exploited the de minimis threshold to ship millions of small packages a day to U.S. clients. The Biden administration first announced in September that it was taking actions to curb the trade loophole that it blames for shipments of fentanyl precursor chemicals to avert custom-mades inspection and tariffs. U.S. Customs and...

AngloAustralian mining huge Rio Tinto prepares to produce a. standalone lithium department after it closes its $6.7 billion. acquisition of Arcadium Lithium, according to an. internal memo seen . The strategy reflects how carefully connected Rio CEO Jakob Stausholm. and his management group believe lithium is to the business's. future and the high worth they put on Arcadium's engineers as. part of the offer. Arcadium's investors authorized the sale last month and. closing is anticipated by July. The new company, Rio Tinto Lithium, will assume control of. Rio's $2.5 billion Rincon job in Argentina however not its. controversial Jadar lithium...

Arcadium Lithium said on Monday its investors have actually voted in favor of a $6.7 billion sale to Australian mining giant Rio Tinto. Shares of Arcadium Lithium rose about 7% in extended trading after the business stated that about 98% of its investors had enacted favor of the sale. The deal, expected to close in mid-2025, will catapult Rio Tinto to the world's third-largest lithium miner position, simply behind Albemarle and SQM. Arcadium is facing legal obstacles, as some investors have submitted claims versus it declaring misrepresentation, concealment and neglect relating to the takeover offer, the business revealed in a...

De Beers' CEO said he anticipated settlements on a brand-new diamond sales pact with Botswana's federal government to be concluded within weeks, after meeting the nation's brand-new president. De Beers, a system of Anglo American, last year agreed a brand-new sales pact with Botswana, the world's top diamond manufacturer by worth, but it has yet to be signed. Botswana's new President Duma Boko has criticised his predecessor's handling of the settlements with De Beers, saying the relationship might have been damaged and the company had considered leaving. Both sides are extremely positive that we will reach positioning on those contracts...