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CAP

South Sudan Says Oil Flowing to Facility Rebels Seized

South Sudan said it was still pumping oil to facilities in neighboring Sudan crucial to its crude exports, even after rebels captured the production hub on Monday.

South Sudan said it was still pumping oil to facilities in neighboring Sudan crucial to its crude exports, even after rebels captured the production hub on Monday.
Bloomberg MarketsDec 9, 2:33 PM
REG

Germany to Tweak Local Rosneft Trusteeship to Avert US Sanctions

Germany plans to tweak the system that controls the local assets of Rosneft PJSC to ensure it is complying with the tougher US sanctions imposed on the Russian oil company last month.

Germany plans to tweak the system that controls the local assets of Rosneft PJSC to ensure it is complying with the tougher US sanctions imposed on the Russian oil company last month.
Bloomberg PoliticsDec 9, 2:30 PM
CAP

Year-End Funding Strains Prompt Market Calls for Fed Purchases

Wall Street banks are bracing for money market pressures to rise as the year end is approaching, which analysts say may prompt the Federal Reserve to weigh steps to rebuild liquidity buffers in the $12.

Wall Street banks are bracing for money market pressures to rise as the year end is approaching, which analysts say may prompt the Federal Reserve to weigh steps to rebuild liquidity buffers in the $12.6 trillion market.
Bloomberg MarketsDec 9, 2:06 PM
CAP

Milei Cuts Export Taxes on Argentine Soy, Corn and Wheat

President Javier Milei’s government reduced tariffs on exports of soybeans, corn and wheat as he seeks to make good on a repeated promise to do away with the levies, which have held back Argentina’s farmers for years.

President Javier Milei’s government reduced tariffs on exports of soybeans, corn and wheat as he seeks to make good on a repeated promise to do away with the levies, which have held back Argentina’s farmers for years.
Bloomberg MarketsDec 9, 1:56 PM
MA

Terex Corporation and REV Group Announce Strategic Merger Agreement Valued at $1.8 Billion

Terex Corporation has entered into a strategic merger agreement with REV Group, Inc., resulting in a transaction valued at approximately $1.8 billion. Under the terms, REV shareholders will receive Terex shares and cash, positioning Terex to strengthen its market presence in the manufacturing sector.

In a significant corporate transaction, Terex Corporation (NYSE: TEX) has announced a merger agreement with REV Group, Inc. (NYSE: REVG), aiming to enhance their combined operational efficiencies and market reach. This merger, approved by the boards of both companies, is structured as a two-step process involving the merger of REV with two specially designated subsidiaries of Terex, Tag Merger Sub 1 Inc. and Tag Merger Sub 2 LLC. The financial implications of this transaction are...
USFMDec 9, 1:36 PM
LBO

Ares Management Set to Join S&P 500 Following Kellanova's $36 Billion Acquisition by Mars

Ares Management will officially enter the S&P 500 index on December 11, 2023, replacing Kellanova, which is set to be acquired by Mars in a significant $36 billion deal. This move underscores Ares' growing stature in the alternative asset management sector, alongside industry giants such as Blackstone, KKR, and Apollo Global Management.

USFMDec 9, 1:36 PM
REG

German Machinery Slump Drags On in Blow to Merz’s Turnaround Bid

Germany’s machinery industry is headed for its longest production downturn in over three decades, exposing the broader vulnerabilities weighing on Europe’s biggest economy.

Germany’s machinery industry is headed for its longest production downturn in over three decades, exposing the broader vulnerabilities weighing on Europe’s biggest economy.
Bloomberg PoliticsDec 9, 1:35 PM