Author: IA PressRoom

Avanos will use both funds from its existing credit facility and available cash to finance the deal.The company said, the new business will be immediately accretive to revenue growth, gross margins, operating margins and EPS.The deal is expected to close in the third quarter of 2023, subject to customary closing conditions.

Former President Donald Trump claimed Monday that a conversation he had with Russian President Vladimir Putin delayed the country’s invasion of Ukraine for several years.Trump made the claim during an exclusive interview on Fox News’ “Special Report,” describing the conversation to anchor Bret Baier, in which he told Putin an invasion would be a “catastrophe,” and that there would be “hell to pay.””With Putin, I have a very good relationship. I mean, I haven’t spoken to him in a long while, but I had a very strong relationship,” Trump said when asked how he would end the war within 24…

The typical Japanese millennial is financially conservative, having grown up watching their country’s “Lost Decade” suffer from a devastating economic crisis. Travelers and commuters in Toyko. Richard A. Brooks/AFP/Getty Images Growing up in the early 1990s in the southern Japanese city of Kagoshima, Isechi and his younger brother watched their parents struggle with mortgage and car payments amid Japan’s worst modern economic crisis.”My mother would often tell us, ‘Never take a loan for anything at all,'” Isechi said.Isechi might not have heeded his mother’s advice, but he said the financial pains of his childhood continue to govern his mindset today.”The…

© Reuters. FILE PHOTO: The logo of Airbus is picuted at the Airbus facility in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahe/File Photo By Tim Hepher, Joanna Plucinska and Aditi Shah PARIS/DELHI (Reuters) -Europe’s Airbus secured a historic deal on Monday involving the most jets ever bought by a single airline, with an order for 500 narrowbody jets from Indian budget carrier IndiGo on the opening day of the Paris Airshow. The multibillion-dollar deal eclipses Air India’s combined purchase of 470 jets earlier this year as India’s two largest carriers plan for a sharp expansion in regional travel…

© Reuters. A ground worker walking near a Qantas plane is seen from the international terminal at Sydney Airport, as countries react to the new coronavirus Omicron variant amid the coronavirus disease (COVID-19) pandemic, in Sydney, Australia, November 29, 2021. RE (Reuters) – Qantas and Airbus have finalised an incremental order for nine Airbus A220-300s aircraft, the companies said at the Le Bourget air show in Paris on Tuesday. Qantas had said it planned to order additional A220s in February this year.

Alibaba Group Holding Ltd. is shaking up its leadership, with Daniel Zhang planning to step down from his roles as both chairman and chief executive. Joseph Tsai, Alibaba’s 9988, -1.62% BABA, -0.11% current executive vice chairman, will take on the chairman position effective Sept. 10, the Chinese e-commerce giant announced Tuesday. Eddie Yongming Wu, who serves as the chairman of Alibaba’s Taobao and Tmall Group e-commerce businesses, will become CEO of the company and take over Zhang’s spot on Alibaba’s board of directors, also effective Sept. 10. Zhang plans to stay at Alibaba and will continue to lead the company’s…

On a remote site at the edge of the Gulf of Oman, thousands of migrant laborers from Bangladesh, India and Pakistan are at work in 103-degree heat, toiling in shifts from dawn until nightfall to build a new city, a multibillion-dollar project backed by Oman’s oil-rich government that has an unusual partner: former President Donald J. Trump.Mr. Trump’s name is plastered on signs at the entrance of the project and in the lobby of the InterContinental Hotel in Muscat, the nearby capital of Oman, where a team of sales agents is invoking Mr. Trump’s name to help sell luxury villas…

Alibaba’s longtime leader Daniel Zhang is being replaced as chief executive and chair of the Chinese ecommerce giant, as the group races to reinvent itself by splitting into six separate entities.Eddie Yongming Wu, the chair of Alibaba’s flagship ecommerce sites Taobao and Tmall, will replace Zhang as chief executive in September, the company announced on Tuesday. Alibaba co-founder and vice-chair Joseph Tsai will fill Zhang’s position as chair of the board. The leadership change comes at a critical time for Alibaba after it announced plans to break up its tech empire in March and refocus on its ecommerce roots. Alibaba will…

© Reuters. A man is reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato/FILE PHOTO By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Asian bonds attracted their highest monthly foreign inflows in about two years in May, boosted by hopes of less aggressive monetary tightening measures from the U.S. Federal Reserve. Foreigners purchased a net $10.1 billion worth of bonds in India, Indonesia, Malaysia, South Korea and Thailand, marking their biggest monthly purchases since June 2021, data from regulatory authorities and bond market association showed. “Asia ex-China (bonds) could benefit as…

© Reuters. A man is reflected on an electric monitor displaying a stock quotation board outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato/FILE PHOTO By Selena Li HONG KONG (Reuters) – Stocks in Asia fell on Tuesday as investors worried China’s latest rate cut would not be enough to boost confidence in the weakening economy and hoped for a bigger stimulus package from Beijing. China, in a highly anticipated move, cut its benchmark loan prime rates (LPR) for the first time in 10 months on Tuesday, although the 10-basis point reduction in the five-year LPR was smaller…