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...The US was just a quarter of Holcim’s business a few years ago. Its current US ebitda margin of 27 per cent exceeds the rest of the company....
...The Swiss cement giant Holcim plans to spin off its North American business and list it in the US, as it seeks to unlock value and speed up growth for the unit.The Zug-based group also announced that the...
...Holcim has secured work on more than 100 infrastructure projects in the US until 2026, turbocharging the company’s growth there....
...Holcim: Shares in the building materials company added 5 per cent after it said on Sunday it would spin off its North American business and list in the US to capitalise on the infrastructure boom spurred...
...Holcim announced over the weekend that it plans to completely spin off its North American business with an eye to listing it publicly in the US by the first half of next year....
...A Cleveland-Cliffs/US Steel combination would have created a US national champion....
...US airlines generated $6.8bn from them in 2022, the latest data available, according to the Bureau of Transportation Statistics. That is more than double from a decade earlier....
...Credit card delinquencies are rising in the US. There is a proposed cap on how much card issuers can charge for late payments....
The flipside to higher rates is people want more for their savings, too
...Citigroup reported better than expected quarterly profits as the bank said it was on track to shed 7,000 jobs this year, a sign that the revamp of the US’s fourth-largest lender may be starting to pay off...
...Credit card processing fees tend to be higher in the US than in the EU, where they are capped....
People in the US are being squeezed to such an extent that they are spending less altogether
...Further growth is expected: US adjusted earnings are forecast to more than triple to about $710mn in 2024 on revenues of $5.8bn to $6.2bn, up from $4.4bn in the US last year....
...In the US, merchants paid a record $172bn in processing fees to accept $11.2tn in card payments last year, according to the Nilson Report....
...Shareholders in the current US business will hold the remainder....
...NetEase and US games rival Microsoft, which bought Activision Blizzard last year, said on Wednesday they would bring Blizzard’s popular titles such as the online role-playing game World of Warcraft back...
...BlackRock’s US Equity Factor Rotation ETF (DYNF) is another to be swept up by the model portfolio tide....
Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability
...“We have . . . made the difficult decision to reduce our headcount by more than 10 per cent globally . . . this will enable us to be lean, innovative and hungry for the next growth phase cycle,” wrote Tesla...
...The last threat strikes us as the least important, based on the history of legal challenges against US tech giants....
...The new TikTok bill gives ByteDance 270 days to divest the app, bringing the deadline past the US election in November....
...Since the US Securities and Exchange Commission approved the ETFs, average daily returns for bitcoin outside US trading hours are 0.31 per cent....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. CPI: stuck If three data points make a trend, then US inflation looks stuck at 3 per cent....
...Increasingly the US asset manager he heads is the star around which the digital assets solar system orbits....
...As the dominant US options exchange the Cboe has better data on the phenomenon than other players....
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