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Rotork (LSE: ROR) Agrees to £4.1 Billion Takeover by ABB (SWX: ABBN) in Major UK M&A Deal
On 16 July 2026, ABB (SWX: ABBN) agreed to acquire Rotork (LSE: ROR) in a £4.1 billion all-cash deal, making it one of the largest UK industrial acquisitions announced this year. The offer gives Rotork shareholders a substantial premium while expanding ABB’s industrial automation and smart flow control business. It also comes as overseas buyers…
Gold Price Today: MCX Gold Falls 0.45% to ₹1,41,205 as Brent Crude Slips to $84.77
Gold price on MCX slipped 0.45% Thursday, trading near ₹1,41,205 per 10 grams. That decline came even as Brent crude eased slightly to $84.77 a barrel. Gold has now fallen for a second straight session amid mixed inflation signals. Fresh US airstrikes against Iran kept oil prices elevated through Thursday’s trading. Spot gold globally slipped…
FTSE 100 Today: UK Stocks Slip 0.37% as Iran Tensions Overshadow Stronger-Than-Expected GDP Growth
The FTSE 100 fell 0.37% Thursday morning, extending Wednesday’s modest decline. That drop came despite UK GDP data beating expectations by a wide margin. The economy grew 0.7% in the three months to May, well above forecasts of 0.5%. Annual growth accelerated to 1.3%, its fastest pace in 13 months. Fresh Iran threats overshadowed that…
Hegseth Orders Annual Testosterone Screening for Troops Over 30
Defense Secretary Pete Hegseth announced mandatory annual testosterone screening for military service members over 30, effective immediately, with voluntary hormone replacement therapy offered to those with deficiencies.
South Korea Eyes New ETF Regulations as Leveraged Funds Face Increased Scrutiny
South Korea’s ETFs tracking single stocks are facing a fresh regulatory crackdown. Financial Services Commission Chairman Lee Eog-weon confirmed Thursday, July 16, 2026, that new measures on leveraged ETFs are coming soon. The announcement follows weeks of market turmoil tied to products built around Samsung Electronics and SK Hynix, Korea’s two largest chipmakers. President Lee…
Hormuz Crisis Escalates as US Airstrikes Strike Northern Iran, Ship Disabled During Blockade
The Hormuz crisis intensified on July 16, 2026, after the United States launched airstrikes in northern Iran and disabled a vessel while enforcing the Strait of Hormuz blockade. The latest military action has increased concerns about a wider regional conflict and possible disruptions to global energy supplies. With nearly one-fifth of the world’s oil moving…
Stocks in Focus: Wipro, Tech Mahindra Shares Mixed Ahead of Q1 FY2027 Earnings; Wipro +1.61%, Tech Mahindra +1.83%
Wipro stock and Tech Mahindra shares moved higher ahead of their Q1 results on July 16, 2026. Wipro stock gained 1.61%, while Tech Mahindra rose 1.83% in early trade. Both IT majors report earnings for the April-June 2026 quarter today. Wipro’s board meets after market hours, with Tech Mahindra following at 5:30 PM IST. Investors…
Canada Gas Prices Jump 5-10 Cents as Middle East Crisis Pushes Brent Above $87
Canadian gas prices rose 5-10 cents per litre on July 15 amid Middle East conflict and supply fears. Brent crude hit $87, with analysts warning of worse to come in late July and early August.
Toronto Ranks World’s Most Polluted City as Wildfire Smoke Chokes Ontario on July 15
Toronto hit worst air quality globally as wildfire smoke from northwestern Ontario creates orange haze. Environment Canada warns of health risks through Friday morning.