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Saica Group, a supplier of eco-friendly solutions for the production of paper and packaging, is set to establish a new corrugated facility in the US, with an investment exceeding $110m. To be constructed in the City of Anderson, Indiana, the facility will be the company’s second corrugated production plant in the US. Saica expects construction to commence in May this year, with the facility anticipated to be operational by the fourth quarter (Q4) of 2026. Once completed, Saica intends to generate over 50 full-time positions within the first two years of operation, with more than 100 roles expected to be…

(Bloomberg) — Oil fell as signs that US President Donald Trump’s escalating trade war may hamper economic growth contributed to a bearish outlook for global demand. Most Read from Bloomberg West Texas Intermediate slid 1.7% to settle below $67 a barrel, following a 2.2% jump on Wednesday that was its biggest gain in almost two weeks. Global oil supply is likely to exceed demand by about 600,000 barrels a day this year as tariffs weaken macroeconomic conditions, the International Energy Agency said. US equities also dropped on uncertainty about the effects of the trade war. Crude has tumbled from its…

(Bloomberg) — Indonesian ride-hailing and food delivery provider GoTo Group forecast earnings for this year above analysts’ estimates, a sign of confidence as it battles intensifying competition from Grab Holdings Ltd. Most Read from Bloomberg It predicted 1.4 trillion rupiah ($85 million) to 1.6 trillion rupiah in adjusted earnings before interest, tax, depreciation and amortization, topping the 1.3 trillion analysts expect on average. It reached its goal of positive earnings on that basis for full-year 2024 and reported fourth-quarter revenue that exceeded estimates. The forecast highlights GoTo’s efforts to reverse years of losses through drastic measures, including thousands of job…

(Bloomberg) — Canadian convenience store and gas station operator Alimentation Couche-Tard Inc. said it could increase its offer to acquire long-time rival Seven & i Holdings Co., but only if the latter engages in takeover talks. Most Read from Bloomberg “We may be able to enhance our proposal through due diligence access to financials,” Couche-Tard’s founder and Chairman Alain Bouchard said at a press conference in Tokyo on Thursday. He was joined by Chief Executive Officer Alex Miller and Chief Financial Officer Filipe Da Silva in Japan’s capital to promote their multi-billion dollar bid to purchase the parent company of…

(Bloomberg) — A three-week drawdown in US stocks resumed in force, again sending the S&P 500 to the precipice of a 10% correction. Fresh salvos in President Donald Trump’s trade war doused optimism spurred by another benign inflation report and stoked demand for havens in Treasuries. Most Read from Bloomberg Despite some attempts to snap up discounted shares, the S&P 500 hasn’t notched two straight days of gains since its February peak. Since then, the gauge has shed about $5 trillion in value. As investors questioned lofty valuations in the market’s most-influential group, big tech came under renewed pressure, dragging…

Arab National Bank (anb) has partnered with IBM and ejada to enhance its fraud protection measures, adopting IBM Safer Payments to provide cross-channel security for its customers. This move aligns with the Saudi Central Bank’s (SAMA) requirements for improved enterprise-wide fraud monitoring. ejada Systems, an IT service provider in the Middle East and Africa, facilitated the integration of IBM Safer Payments across anb’s digital platforms. This has enabled the bank to consolidate customer behaviour insights and bolster the effectiveness of its fraud protection strategies. IBM Safer Payments ensures that the bank’s clients are protected from fraudulent activities without hindering legitimate…

(Bloomberg) — The US Federal Trade Commission is moving ahead with a sprawling antitrust probe of Microsoft Corp. that was opened in the waning days of the Biden Administration, signaling that Donald Trump’s new FTC Chair Andrew Ferguson is going to prioritize scrutiny of tech giants. Most Read from Bloomberg FTC staff in recent weeks have continued to work on the investigation, meeting with companies and other groups to gather information, according to people familiar with the matter, who asked not to be named discussing a confidential investigation. The FTC sent Microsoft a so-called civil investigative demand, which is similar…

We recently published an article titled Jim Cramer’s Latest Lightning Round: 8 Stocks in Focus. In this article, we are going to take a look at where Fiserv, Inc. (NYSE:FI) stands against the other stocks. On Friday, Jim Cramer, host of Mad Money, addressed the current state of the stock market, giving a cautious recommendation to investors. He gave his blessing to buy stocks, but only to those who can tolerate the potential pain that comes with it. His advice was clear: proceed slowly. He warned against rushing in, acknowledging the market’s current volatility. “How can markets be so out of…

We recently compiled a list of the 12 Stocks Under $10 With High Upside Potential. In this article, we are going to take a look at where VinFast Auto Ltd. (NYSE:VFS) stands against the other stocks under $10 with high upside potential. Small-cap stocks in the U.S. have suffered as the broader market is under pressure due to the ongoing tariff policy transition. The Russell 2000 small cap index fell over 15% from its November 2024 highs as of March 7. It has dropped by almost 9% year-to-date. In comparison, the S&P 500 index, which tracks large-cap stocks, has plunged over…

Financial & Operating Highlights Three months ended December 31, Twelve months ended December 31,   Financial ($000’s except per share amounts) 2024 2023 %change 2024 2023 %change   Sales revenue 47,480 55,914 (15 ) 197,149 225,149 (12 ) Net income 3,626 3,440 5 5,144 15,819 (67 ) Basic ($/share) 0.06 0.06 – 0.08 0.26 (69 ) Diluted ($/share) 0.06 0.05 20 0.08 0.24 (67 ) Adjusted Funds Flow(1) 10,951 18,376 (40 ) 51,730 66,140 (22 ) Basic ($/share) 0.17 0.30 (43 ) 0.83 1.10 (25 ) Diluted ($/share) 0.17 0.27 (37 ) 0.82 1.00 (18 ) Cash flow provided by…