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FILTERED RESULTS
U.S. credit-reporting stocks fall as FHFA weighs two-bureau mortgage rule
Hong Kong August retail sales rise 5.6%
Brazil next, US midterms coming, in impactful global election year
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Bitcoin Surges Following Dovish Comments from Federal Reserve Officials
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Russia’s Latest Propaganda? A.I.-Generated War Songs.
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Euro-Zone Inflation Tops Estimates to Hit Three-Year High
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Capgemini stock hits 8-month high after Accenture results
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UK new car sales hit highest September level since 2017, prelim data shows
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Gunvor to Rename Itself Centalion and Redomicile to Singapore
BofA’s Hartnett Sees Risk-Off Mood Lasting Until Dollar Peaks
Eurozone inflation jumps to highest level in three years
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Euro zone inflation risks rise as energy costs climb, Rehn warns
UK firms see smaller price rises, wage growth steady, BoE survey shows
Monzo turns to PE after Nubank ends takeover talks
Thai Airways Board Fires CEO After Bangkok Flood Disruption
Apollo extends daily pricing across $850bn credit platform
Pritzker Private Capital explores $1bn-plus sale of propane distributor EDP
‘Temu Range Rover’ Is UK Top-Seller Again as China Cars Boom
Poland Moves to Quickly Tame Fuel Prices After Nawrocki’s U-Turn
World food prices near four-year high in September, UN says
Ares raises $4.2bn for first structured solutions secondaries fund
European gas pulls back on partial Middle East supply recovery
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Indonesia stocks higher at close of trade; IDX Composite Index up 0.50%
Italy to raise 2026 growth forecast, cut defense plans - report
Rolls-Royce signs first Saudi licence for high-speed engines
Saudi Engines Manufacturing Company (Makeen), an industrial venture backed by Saudi Aramco, is to partner with the UK’s Rolls-Royce to manufacture high-speed engines in Saudi Arabia.
The individual licence agreement signed by the companies represents the first such deal in the kingdom.
They will target sectors including marine and naval applications such as high-speed ferries, coast guard vessels and patrol boats, Rolls-Royce said in a statement.
Saudi Arabia is investing heavily in industrial development, infrastructure and energy projects, said Andreas Görtz, president of the mobile and sustainable business unit at Rolls-Royce Power Systems.
He said the agreement allows Rolls-Royce to combine its “mtu technology” – used to develop high-speed engines and advanced propulsion systems – with local manufacturing capabilities to build a strong domestic industrial base with advanced technology.
Makeen, the joint venture between Saudi Aramco, South Korea’s Hyundai and Riyadh-based Dussur, was established in 2021 to manufacture, build, sell and service marine and land-based engines and high-speed engines.
Launched in 2019, the National Industrial Development and Logistics Programme is driving localisation in the energy, mining, logistics and industrial sectors through the “Made in Saudi” initiative.
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Source: AGBI