Honeywell International Inc. entered an amended agreement to acquire Johnson Matthey Plc ’s Catalyst Technologies, cutting the purchase price and extending the deadline to secure necessary approvals. The industrials conglomerate reached an agreement to pay £1.325 billion ($1.79 billion) for the business, it said in a statement Monday, confirming an earlier Bloomberg News report . Honeywell had bee...
Honeywell International Inc. entered an amended agreement to acquire Johnson Matthey Plc ’s Catalyst Technologies, cutting the purchase price and extending the deadline to secure necessary approvals. The industrials conglomerate reached an agreement to pay £1.325 billion ($1.79 billion) for the business, it said in a statement Monday, confirming an earlier Bloomberg News report . Honeywell had been considering walking away from the transaction. The new price is down from £1.8 billion in cash that Honeywell agreed in May to pay for the unit, which produces enzymes for industrial processes. The companies agreed on extending the deal’s long stop date to July 21 to accommodate any outstanding transaction requirements. It could then also be extended to Aug. 21 if certain conditions are met, Honeywell said. Johnson Matthey said it expects to return about £1 billion of the net sale proceeds to its shareholders after completion of the divestment — £800 million through a special dividend with share consolidation, as well as £200 million through an on-market buyback program. The British company added that it is making “good progress” on the implementation of its new cash-focused business and is on track to deliver 2025-2026 performance in line with guidance. Johnson Matthey’s shares soared after the deal was initially announced in May. They’re up by almost 60% over the last 12 months.
Donny DBM/iStock via Getty Images Highlights During the fourth quarter of 2025, the largest portfolio sector weightings were Health Care and Industrials. The largest sector overweight was Health Care and the largest sector underweight was Financials. The Utilities and Financials sectors contributed to relative performance while Consumer Discretionary and Information Technology were among sectors t...
Donny DBM/iStock via Getty Images Highlights During the fourth quarter of 2025, the largest portfolio sector weightings were Health Care and Industrials. The largest sector overweight was Health Care and the largest sector underweight was Financials. The Utilities and Financials sectors contributed to relative performance while Consumer Discretionary and Information Technology were among sectors that detracted from relative performance. Market Environment U.S. equities ended the fourth quarter on a firm footing, with the S&P 500 Index returning 2.7%, extending the steady grind upward that characterized 2025, after the tariff announcements. Investor confidence was supported by a familiar trio: corporate earnings that came in better than expected, a Federal Reserve (Fed) that pushed further into an easing stance, and a macroeconomic backdrop that — despite mounting cross-currents — remained resilient in the aggregate. Market sentiment also benefited from improving clarity on trade policy, including an extension of the U.S. — China truce and selective tariff relief aimed at easing consumer affordability pressures. At the same time, the quarter was defined by widening dispersion beneath the index-level surface. The market's biggest tailwind — continued investment tied to artificial intelligence ('AI') — was increasingly accompanied by scrutiny around AI infrastructure bottlenecks, sources of financing, and whether the AI theme could deliver returns commensurate with the capital deployed. Macroeconomic risks also remained in play: labor market softening became harder to ignore, consumers appeared more cautious and bifurcated across income cohorts, and housing stayed under pressure. Complicating the read-through, a prolonged government shutdown reduced economic data visibility, amplifying debate over inflation and employment signals just as global central-bank dynamics leaned less uniformly supportive. Nevertheless, U.S. equities reinforced a constructive baseline for the...
格隆汇2月23日｜美国一家太阳能行业协会预计，由于对电池的需求超过了政策阻力，今年储能市场将增长21%。根据太阳能产业协会和市场研究公司Benchmark Mineral Intelligence Ltd.的一份报告，到2026年，电池部署量将增加到70吉瓦时，而2025年的为58吉瓦时。报告称，预计到2030年，市场规模将超过110吉瓦时。
格隆汇2月23日｜美国一家太阳能行业协会预计，由于对电池的需求超过了政策阻力，今年储能市场将增长21%。根据太阳能产业协会和市场研究公司Benchmark Mineral Intelligence Ltd.的一份报告，到2026年，电池部署量将增加到70吉瓦时，而2025年的为58吉瓦时。报告称，预计到2030年，市场规模将超过110吉瓦时。
Rolling coverage of the latest economic and financial news Donald Trump’s new 15% flat-rate tariff is a boost for China, India and Brazil, according to analysis from Global Trade Alert, a trade monitoring body. Global Trade Alert have calculated that the shift away from the tariff regime before the supreme court ruling produces “clear winners and losers” among the top 20 exporters to the US. Count...
Rolling coverage of the latest economic and financial news Donald Trump’s new 15% flat-rate tariff is a boost for China, India and Brazil, according to analysis from Global Trade Alert, a trade monitoring body. Global Trade Alert have calculated that the shift away from the tariff regime before the supreme court ruling produces “clear winners and losers” among the top 20 exporters to the US. Countries that faced steep IEEPA surcharges see large tariff reductions: Brazil (-13.6 pp), China (-7.1 pp), and India (-5.6 pp) benefit most, since the flat S122 surcharge replaces country-specific IEEPA rates that were far higher. Continue reading...
Brookfield, one of the largest direct investors in the Middle East, says the region is a significant long term destination for investors. That's as the GCC undergoes a structural transformation from oil-based economies to more diversified economies creating scale across infrastructure, real estate and private equity. Jad Ellawn, Managing Partner & Regional Head of Middle East at Brookfield spoke t...
Brookfield, one of the largest direct investors in the Middle East, says the region is a significant long term destination for investors. That's as the GCC undergoes a structural transformation from oil-based economies to more diversified economies creating scale across infrastructure, real estate and private equity. Jad Ellawn, Managing Partner & Regional Head of Middle East at Brookfield spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the growth of the GCC. (Source: Bloomberg)
Sasol Ltd. ’s profit plunged on lower crude prices even as the fuel and chemical producer boosted output and hedged against oil volatility. The company’s net income dropped 95% to 241 million rand ($15 million) in the six months through December from 4.6 billion rand a year earlier, Sasol said in its earnings statement on Monday. The top manufacturer of fuel and chemicals from coal expects sustain...
Sasol Ltd. ’s profit plunged on lower crude prices even as the fuel and chemical producer boosted output and hedged against oil volatility. The company’s net income dropped 95% to 241 million rand ($15 million) in the six months through December from 4.6 billion rand a year earlier, Sasol said in its earnings statement on Monday. The top manufacturer of fuel and chemicals from coal expects sustained risk of a fall in oil prices, which largely determines the value of its products. Strategic measures to increase output, add renewable energy and utilize carbon offsets are “strengthening our foundation business, helping us to mitigate ongoing global market volatility and macroeconomic headwinds, building resilience for the future,” Chief Executive Officer Simon Baloyi said in the statement. The company has completed its 2026 hedging program with an oil price floor of $59 a barrel and is more than 45% done with the 2027 financial year, according to an earnings presentation. The program includes hedges on the rand. Sasol benefits when the local currency is weaker against the dollar. “Given the prevailing market conditions, a broader range of hedging instruments has been utilized to maintain downside protection,” Baloyi said. Sasol under Baloyi has focused on ramping up production at its Secunda operations hub, which means higher emissions from a company that is already South Africa’s second biggest emitter of greenhouse gases. Measures to increase the quality of coal have helped to grow output. Sasol also moved away from a plan to use more gas in operations as a way to cut emissions and instead increase the use of renewable energy and carbon credits. It’s secured more than 1,200 megwatts of renewable energy against a target of reaching 2,000 megawatts by 2030. Sasol’s environmental footprint still remains a concern . Shares jumped earlier this month after a local media report that South African Electricity and Energy Minister Kgosientsho Ramokgopa is working on a proposal...
Good morning . The UK risks losing its tariff advantage as President Donald Trump plans a 15% global rate. European officials warn of trade disruption. And take a look at how a luxury Moorea villa offers a self-improvement escape. Listen to the day’s top stories . The UK risks losing its tariff advantage as Donald Trump plans a 15% rate for all nations after the Supreme Court struck down his earli...
Good morning . The UK risks losing its tariff advantage as President Donald Trump plans a 15% global rate. European officials warn of trade disruption. And take a look at how a luxury Moorea villa offers a self-improvement escape. Listen to the day’s top stories . The UK risks losing its tariff advantage as Donald Trump plans a 15% rate for all nations after the Supreme Court struck down his earlier levies, potentially raising export costs by £3 billion and erasing Britain’s preferential 10% deal. China, India and Brazil benefit after the court’s ruling, with New Delhi postponing a trip to the US aimed at finalizing their interim deal . The dollar and futures on the S&P 500 declined. The European Parliament’s trade chief, Bernd Lange , will propose freezing the ratification process of the European Union’s trade deal with the US until details are received from the Trump administration on its trade policy. European Central Bank President Christine Lagarde warned Trump’s latest tariff moves risk disrupting the EU-US trade “equilibrium.” US Trade Representative Jamieson Greer told CBS that the president’s Supreme Court tariff setback won’t undo trade deals with partners. Trump imposed the new global tariffs under emergency powers, citing a balance-of-payments crisis , though economists doubt it. Trump said he's considering limited military strikes to pressure Iran into signing a new nuclear deal, but bombing the country may have the opposite effect. Iranian Foreign Minister Abbas Araghchi is expected to resume talks with US special envoy Steve Witkoff in Geneva on Thursday. Meanwhile, students in Tehran staged anti-government rallies at several universities for a second day. French President Emmanuel Macron appointed David Amiel as budget minister in a reshuffle that has drawn criticism from opposition parties . Macron wrote to Trump to ask for the lifting on sanctions imposed on officials including former EU Commissioner Thierry Breton. And France will summon US Ambass...
US President Donald Trump says he is considering limited military strikes to pressure Iran into signing a new nuclear deal but bombing the country may not have the desired effect. The US has ramped up its military presence in the region even as US Iran talks are set to resume in Geneva. Alan Eyre, Distinguished Diplomatic Fellow at the Middle East Institute and Former Senior US Diplomat spoke to B...
US President Donald Trump says he is considering limited military strikes to pressure Iran into signing a new nuclear deal but bombing the country may not have the desired effect. The US has ramped up its military presence in the region even as US Iran talks are set to resume in Geneva. Alan Eyre, Distinguished Diplomatic Fellow at the Middle East Institute and Former Senior US Diplomat spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche about the likely outcome from US action in the region. (Source: Bloomberg)