Core Viewpoint - Chandra Asri Pacific will acquire Exxon Mobil's network of Esso-branded retail petrol stations in Singapore as part of Exxon Mobil's strategy to streamline its downstream operations [1] Company Summary - Chandra Asri Pacific is expanding its operations by acquiring a significant retail network in Singapore [1] - Exxon Mobil is focusing on optimizing its downstream operations, which includes divesting from certain retail assets [1]

Core Insights - French aerospace group Safran raised its full-year forecasts following higher-than-expected third-quarter revenues, primarily driven by its core jet engine division [1] Financial Performance - Safran's third-quarter revenues exceeded expectations, indicating strong performance in its jet engine segment [1]

Porsche's outgoing CEO Oliver Blume has one more quarterly report to deliver on Friday before his decade-long tenure comes to an end. It won't make for pretty reading. ...

Core Insights - Blackstone, a major U.S. private equity firm, has acquired a 9.99% stake in India's Federal Bank through preferential equity shares and warrants for a total of 61.97 billion rupees, equivalent to $705.05 million [1] Company Summary - The investment by Blackstone represents a significant financial commitment to Federal Bank, indicating confidence in the Indian banking sector [1] - The transaction involves preferential equity shares and warrants, which may provide Blackstone with additional rights and potential future benefits [1] Industry Context - This acquisition highlights the growing interest of foreign private equity firms in the Indian banking industry, reflecting a trend of increasing foreign investment in the sector [1] - The deal underscores the competitive landscape in Indian banking, where strategic investments can enhance capital and operational capabilities [1]

Trista Sun, one of HSBC's top wealth executives, will leave the bank, following a large scale-down of a China project she oversaw. ...

Core Insights - U.S. crude futures have eased in early trading on Friday, following a surge from the previous day, but are still on track for a weekly gain due to ongoing supply concerns [1] Group 1: Market Reaction - The easing of U.S. crude futures indicates a correction after a significant price increase [1] - Despite the recent decline, the market is positioned for a weekly gain, reflecting underlying strength [1] Group 2: Supply Concerns - Fresh U.S. sanctions on Russia's two largest oil companies have heightened supply concerns in the market [1] - The sanctions are a direct response to the ongoing war in Ukraine, impacting global oil supply dynamics [1]

Group 1 - The Writers Guild of America opposes the merger deal between Paramount Skydance and Warner Bros Discovery [1]

Core Insights - Australia's Sunrise Energy Metals has granted Lockheed Martin an option to purchase up to 15 tonnes of scandium oxide over a five-year period [1] Company Summary - Sunrise Energy Metals is focusing on the production of scandium oxide, which is a critical material for various applications, including defense [1] - Lockheed Martin, a U.S. defense contractor, is interested in securing a supply of scandium oxide, indicating potential demand in the defense sector [1]

Group 1 - General Motors and Stellantis will face new tariffs on U.S.-assembled vehicles in Canada, ending their previous exemption [1] - The change in tariff policy is a response to ongoing trade tensions between Canada and the U.S. [1] - This decision may impact the pricing and sales strategies of both companies in the Canadian market [1]

Alaska Airlines has requested the grounding of its flights at all airports on Thursday evening due to an unspecified tech-related issue, according to a U.S. Federal Aviation Administration advisory. ...