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Paramount Wins DOJ Approval for $111B Warner Bros. Merger, June 14
Justice Department approves Paramount’s acquisition of Warner Bros. Discovery, combining HBO, CNN, CBS, and Paramount+ into one entertainment giant.
Airbus A350 Marks 13 Years as Airlines Expand Fleet Deployment
Airbus A350 marks 13 years in service with Japan Airlines expanding long-haul fleet deployment amid growing international travel demand.
ComfortDelGro Stock Flat as Robotaxi Push Gains Traction, June 14
ComfortDelGro stock at S$1.29 targets China and Singapore robotaxi markets. Meyka rates it B with S$1.52 price target.
Westpac Falls 2.6% as Mortgage Applications Drop 10%, June 14
Westpac stock fell 2.6% after mortgage applications dropped 10%. Meyka rates WBC.AX B+ with A$46.03 target, indicating limited downside from A$35.00.
UK Negative Power Prices Surge as Renewable Energy Floods Grid, June 14
UK negative power prices occur when renewable energy generation exceeds grid demand, forcing operators to manage surplus capacity.
Oil Prices Hit 3-Month Lows as Crude Falls Below $90, June 13
Oil prices hit 3-month lows with Brent at $87.33 and WTI at $84.88. Gas prices fall for third week as crude stays below $100.
Hong Kong Hospitality Sector Expands as Legal Framework Supports Business Growth, June 14
Hong Kong hospitality sector gains momentum as legal professionals unite with mainland peers to support global business expansion.
India Raises Onion Procurement Price to Rs 16.50/kg, June 14
India raises onion procurement price to Rs 16.50/kg under buffer stock programme. Farmers demand higher rates citing input costs.
Shell Pauses Buybacks, Pivots to Gas and Fossil Fuels, June 14
Shell pauses buybacks and sells $1B in wind assets as it pivots to Venezuelan gas. Stock rated A- by Meyka with 12-month target of $89.94.