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Toronto market snaps losing streak as bargain hunters step in

CANADA STOCKS-Toronto market snaps losing streak as bargain hunters step in TSX ends up 1.1% at 23,027.15 Rises for first time in five sessions Financials add 1.5%, industrials end 1.4% higher Methanex agrees to buy OCI's methanol business Updates at market close By Fergal Smith Sept 9 (Reuters) - Canada's main stock index ended higher for the first time in five sessions on Monday, with heavily weighted financials and industrials among the sectors to benefit as investors stepped in to take advan
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Schenker, Vianode, Kinaxis Updates: Tapestry Sept 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1943 GMT on Monday: ** CVC CVC.AS is improving its offer for Deutsche Bahn's logistics business Schenker, with the private equity firm asking for a fair assessment of its bid by the German railway's board and supervisory board in a letter seen by Reuters on Monday.
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Methanex slips after agreeing to buy OCI's methanol unit for $2.05 bln

BUZZ-Methanex slips after agreeing to buy OCI's methanol unit for $2.05 bln Updates ** C anadian methanol producer Methanex' s MX.TO shares down 5.5 % at C$5 4.43 ** Co said on Sunday it would acquire Dutch green fuel-maker OCI Global's OCI.AS methanol business in a $2.05 bln deal ** Deal includes $1.15 billion in cash, the issuance of 9.9 million
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Toronto stocks jump on optimism around US rate cut

CANADA STOCKS-Toronto stocks jump on optimism around US rate cut TSX up 1.2% Healthcare and technology lead the sectoral gains Methanex to acquire OCI's methanol business, shares fall Updated at 10:11 a.m. ET/ 1411 GMT By Nikhil Sharma Sept 9 (Reuters) - Canada's main stock index rose over 1% on Monday in a broader rally led by technology and healthcare stocks, as investors looked forward to the U.S.
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Methanex slips after agreeing to buy OCI's methanol unit for $2.05 bln

BUZZ-Methanex slips after agreeing to buy OCI's methanol unit for $2.05 bln ** Methanol producer Methanex's MEOH.O U.S.-listed shares down 2.2% at $41.50 premarket ** Co said on Sunday it would acquire Dutch green fuel-maker OCI Global's OCI.AS methanol business in a $2.05 bln deal ** Deal includes $1.15 billion in cash, the issuance of 9.9 million
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Sept 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday: ** Japan's Seven & i said that Couche-Tard's low takeover bid was the reason it would not agree to advisor talks between the companies or to sign a non-disclosure agreement. nP8N3KG00Q ** Canada's Alimentation Couche-Tard ATD.TO said it was willing to engage in confidential discussions with Japanese retail giant Seven & i Holdings 3382.T on its
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OCI rises on over $2 bln deal to sell methanol business

BUZZ-OCI rises on over $2 bln deal to sell methanol business ** Shares in Dutch green fuel-maker OCI Global OCI.AS rise 2.8% after Canadian methanol producer Methanex MX.TO on Sunday said it would buy OCI's methanol business in a $2.05 bln deal ** The deal includes $1.15 bln in cash, the issuance of 9.9 mln shares of Methanex valued at $450 mln and about $450 mln in debt and leases ** OCI will become the second-largest shareholder of Methanex with an about 13% stake ** "Our NTM EBITDA forecast f
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Financial Times - Sept 9

PRESS DIGEST- Financial Times - Sept 9 Sept 9 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Small businesses dodge 4.4 billion pounds of UK tax each year - Bank of London's heavyweight board caught unawares by unpaid tax bill - Keir Starmer says his government must be "prepared to be unpopular" - OCI hits $11.6 billion in sale proceeds with disposal of methanol unit Overview - Britai
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Methanex to acquire OCI's methanol business in $2.05 bln deal

UPDATE 2-Methanex to acquire OCI's methanol business in $2.05 bln deal Adds details from OCI's statement in paragraphs 3-4, background in paragraphs 5-6 Sept 8 (Reuters) - Canadian methanol producer Methanex MX.TO said on Sunday it will acquire Dutch green fuel-maker OCI Global's OCI.AS methanol business in a $2.05 billion deal. The deal includes $1.15 billion in cash, the issuance of 9.9 million shares of Methanex valued at $450 million, the methanol producer said, adding that it is taking on a
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Methanex to acquire OCI's methanol business for $2.05 bln

Methanex to acquire OCI's methanol business for $2.05 bln Sept 8 (Reuters) - Methanex MX.TO said on Sunday it will acquire OCI Global's OCI.AS methanol business in a cash-and-stock deal for $2.05 billion. Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Rashmi Aich
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Woodside profit, dividend beat estimates, firm flags interest in Driftwood stake

UPDATE 5-Woodside profit, dividend beat estimates, firm flags interest in Driftwood stake Underlying net profit slumps 14% but ahead of consensus Interim dividend at top end of payout range Shares close up 3.9% Adds temporary closure of LNG train, updates share price; paragraphs 5,7 By Himanshi Akhand and Lewis Jackson Aug 27 (Reuters) - Australia's Woodside Energy WDS.AX reported on Tuesday a decline of 14% in half-year profit, hit by lower oil prices, but the result and its dividend beat marke
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Woodside’s deal poses a new green conundrum

RPT-BREAKINGVIEWS-Woodside’s deal poses a new green conundrum The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Antony Currie MELBOURNE, Aug 13 (Reuters Breakingviews) - Woodside Energy's WDS.AX latest attempt to win over its climate-conscious shareholders smells a bit off. The Australian oil and gas driller is paying $2.4 billion to buy an ammonia plant that OCI Global is building in Texas.
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Woodside’s deal poses a new green conundrum

BREAKINGVIEWS-Woodside’s deal poses a new green conundrum The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Antony Currie MELBOURNE, Aug 13 (Reuters Breakingviews) - Woodside Energy's WDS.AX latest attempt to win over its climate-conscious shareholders smells a bit off. The Australian oil and gas driller is paying $2.4 billion to buy an ammonia plant that OCI Global is building in Texas.
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Australia's Woodside gains; Morningstar sees Beaumont project as robust part of energy transition

BUZZ-Australia's Woodside gains; Morningstar sees Beaumont project as robust part of energy transition ** Shares of Australia's Woodside WDS.AX rise as much as 0.8% to A$25.32 ** Woodside earlier in the week said it will take over OCI Global's Beaumont low-carbon ammonia project in Texas for $2.35 billion ** Analysts at Morningstar remain positive
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Australian shares pare gains as c.bank warns of restrictive policy after holding rates

Australian shares pare gains as c.bank warns of restrictive policy after holding rates Updates to add RBA decision, latest moves Aug 6 (Reuters) - Australian shares pared some gains on Tuesday after the central bank held interest rates steady as expected, but reiterated that it was not ruling out further increases to control inflation. The S&P/ASX 200 index .AXJO was up 0.2% at 7,666.8 points at 0443 GMT, after gaining as much as 0.8% earlier in the session.
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Woodside Energy hits over 2-year low on $2.35 bln ammonia project buy

BUZZ-Woodside Energy hits over 2-year low on $2.35 bln ammonia project buy ** Shares of Woodside Energy WDS.AX fall as much as 5.5% to A$25.020, their lowest since Feb. 1, 2022 ** Stock posts its biggest intraday percentage decline since March 16, 2023 ** Energy giant said on Monday it would buy Dutch fertiliser co OCI Global's OCI.AS clean ammonia
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Thoughtworks, Tenet Healthcare, Mallinckrodt, Quantum Capital Group, Credit Agricole Updates: L'Oreal Aug 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Thoughtworks TWKS.O agreed to be taken private by Apax Partners in a deal worth about $1.75 billion, the technology consultancy firm said, nearly three years after its stock market debut.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Aug 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday: ** Dubai's Sidara said it was walking away from its plan to buy UK's John Wood Group WG.L , citing rising geopolitical risks and uncertainty in the financial market, prompting the British engineering group's shares to plunge 40%.
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STOXX 600 hits six-month low in global rout on US recession fears

UPDATE 2-STOXX 600 hits six-month low in global rout on US recession fears For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Volatility index hits highest since March 2022 Major European exchanges touch multi-month lows Euro zone business growth at a standstill, survey shows Galderma up after L'Oreal says it will buy 10% stake STOXX 600 closes down 2.2% Updated at 1600 GMT By Ankika Biswas and Pranav Kashyap Aug 5 (Reuters) - The main Euro
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European shares battered in global sell-off

LIVE MARKETS-European shares battered in global sell-off STOXX 600 -2.3% Asia-Pac markets tumble, Nikkei down 12.4% Miners, energy lead sell-off Banks weak Wall Street futures plunge Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN SHARES BATTERED IN GLOBAL SELL-OFF European stock markets are tumbling on Monday alongside a brutal sell-off in global shares, on worries abou
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