International News 14 May 2025
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Samsung Electronics to acquire FlaktGroup, total value reached US$1.68 billion
Samsung Electronics has announced its acquisition of FlaktGroup, a German air conditioning and heating systems manufacturer, from Triton for 1.5 billion euros. This represents Samsung Electronics' largest acquisition since 2016. FlaktGroup specialises in the provision of HVAC systems for a variety of buildings, including data centres. Samsung emphasised the surge in demand for data centres, attributing this to the proliferation of AI, robotics and other technological advancements. This strategic move is in line with Samsung's objective of fostering growth in the wake of a subdued performance in the AI sector, positioning the company to capitalize on the emergence of cutting-edge technologies. It is anticipated that the deal will be finalised this year, reflecting Samsung's strategic focus on expanding its offerings in response to market trends. Samsung's shares rose by 1.2% following the announcement, underscoring the positive market reception to the acquisition.
Oil Prices Rally: WTI and Brent Close Up Over 2.5%
Crude oil futures prices surged over US$1.60 per barrel, driven by temporary US-China tariff reductions and favourable US inflation figures. The price of Brent crude oil for delivery in July 2025 increased by US$1.67, reaching US$66.63 per barrel. Similarly, the price of West Texas Intermediate (WTI) for delivery in June 2025 rose by US$1.72, standing at US$63.67 per barrel. This follows an earlier uptrend of 4% or more, which occurred after the US and China agreed on a substantial tariff reduction for 90 days. This positive development had a beneficial effect on Wall Street stocks and strengthened the dollar. Analysts are anticipating a recovery in the market following yesterday's surge in China's economy, with John Kilduff from Again Capital LLC emphasising the role of potential Federal Reserve actions. Recent inflation data has shown a 2.3% rise in the Consumer Price Index, which has helped to ease concerns about a US recession and offered some relief to the financial markets.
Due to Trump tariffs, Honda expects profit to fall 59% this year
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