Owens Corning Receives U.S. Antitrust Approval For Masonite Acquisition
(RTTNews) - Owens Corning (OC) announced Monday the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) in connection with the company's previously announced acquisition of Masonite International Corp. (DOOR). The expiration of the waiting period occurred at 11:59 p.m. on April 26, 2024.
The expiration of the HSR Act waiting period satisfies a closing condition for the transaction. Masonite previously announced that its shareholders voted to approve the company's acquisition by Owens Corning at its Special Meeting of Shareholders.
The transaction is anticipated to close in May 2024, subject to satisfaction of the remaining customary closing conditions.
read more
German Construction Sector Continues To Contract
Germany's construction sector remained deep in the contraction zone in May on sharp falls in total industry activity and new orders, the latest HCOB survey compiled by S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 38.5 in May, up from 37.5 in April. A reading below the threshold 50.0 indicates contraction.
RTTNews
|
4ч 6мин назад
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Thursday.
RTTNews
|
4ч 9мин назад
ECB Set To Cut Key Rates By 25 Bps
The European Central Bank is set to lower its key interest rates by 25 basis points on Thursday, ending the rate hiking cycle that began in July 2022. As the rate hike is widely priced in, markets focus more on tweaks to the policy statement and the future path of easing in the second half of the year.
RTTNews
|
5ч 1мин назад
European Markets Seen Opening On A Positive Note
European markets are expected to open on an optimistic note on Thursday ahead of the European Central Bank's interest rate decision.
RTTNews
|
6ч 51мин назад
European Economic News Preview: ECB Set To Cut Rates By 25 Bps
The European Central Bank is widely expected to cut its key interest rates on Thursday, ending the rate hiking cycle that began in mid-2022. At the governing council meeting in Frankfurt, policymakers are set to lower the main refinancing rate, the deposit facility rate and the lending rate by 25 basis points each.
RTTNews
|
7ч 11мин назад
Asian Markets Track Global Markets Higher
Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from global markets overnight, amid optimism about the outlook for U.S. interest rates after a report showed US private sector job growth slowed by more than expected in the month of May. Treasury yields also extended the recent downward trend. Asian Markets closed mixed on Wednesday.
RTTNews
|
8ч 11мин назад
Japanese Market Sharply Higher
Recouping some of the losses in the previous two sessions, the Japanese stock market is sharply higher on Thursday, following the broadly positive cues from global markets overnight. The Nikkei 225 is moving to near the 38,900 level, with gains across most sectors led by index heavyweights and technology stocks.
RTTNews
|
10ч 11мин назад
Thai Bourse May Extend Wednesday's Gains
The Thai stock market on Wednesday snapped the two-day slide in which it had slumped almost 15 points or 1 percent. The Stock Exchange of Thailand now sits just beneath the 1,340-point plateau and it may see additional support on Thursday.
RTTNews
|
10ч 20мин назад
