Highlights: August 1, 2022 - August 6, 2022
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INEOS and SINOPEC sign three deals worth $7bn
UK-based chemical and energy group INEOS has signed a series of agreements with Chinese oil and gas company SINOPEC to establish a large footprint in China...BP to invest up to 50 million pounds in new electric vehicle battery testing centre in UK
BP has unveiled plans to invest up to 50 million pounds in a new electric vehicle (EV) battery testing centre and analytical laboratory in the UK...Valvoline to sell global products business to Aramco for $2.65 billion
Valvoline said it has reached an agreement with Aramco to sell its global products business for $2.65 billion in cash...Nearly half of U.S. companies plan to add staff in H1
The job market will remain strong for the latter part of 2022, research from Robert Half shows...John Deere to move some production from Iowa to Mexico
John Deere has announced it will be moving mower conditioner production from the John Deere Ottumwa Works in Iowa to its hay and forage mower factory in Monterrey, Mexico...Air Canada Q2 operating revenues increased almost five times
Air Canada reported its second quarter 2022 financial results...TD to buy Cowen for $1.3 billion
Toronto-Dominion Bank agreed to buy US brokerage Cowen for $1.3 billion in cash, $39 a share...Ferrari Q2 net revenues up 24.9%
Ferrari announced its consolidated preliminary results for the second quarter and six months ended June 30, 2022...Hugo Boss Q2 sales increased 34%
Hugo Boss Q2 currency-adjusted Group sales increased 34% compared to the prior-year period...Ping Identity to be acquired by Thoma Bravo for $2.8 Billion
Ping Identity announced that it has entered into a definitive agreement to be acquired by Thoma Bravo for $28.50 per share in an all-cash transaction valued at an Enterprise Value of approximately $2.8 billion...Semtech to buy Sierra Wireless in $1.2 billion deal
Semtech is acquiring Sierra Wireless in all-cash transaction valuing the Canadian company at $1.2 billion including debt...Illinois: Tyson Foods breaks ground on Caseyville expansion, will create 250 new jobs
Tyson's Caseyville facility will expand the production of Hillshire Farm and Jimmy Dean products...Novo Nordisk's sales increased by 25%
Novo Nordisk's sales increased by 25% in Danish kroner and by 16% at constant exchange rates to DKK 83.3 billion in the first six months of 2022...National Bank of Bahrain reports 29% increase in net profit
National Bank of Bahrain B.S.C. (NBB) has reported a 34% increase in its net profit attributable to equity shareholders to BHD 20.0 million (USD 53.1 million) for the second quarter ended 30 June 2022, compared to BHD 14.9 million (USD 39.5 million) in the same period of 2021...Regeneron Q2 revenues decreased by 44%
Regeneron Pharmaceuticals announced financial results for the second quarter of 2022...Bank Rakyat Indonesia net profit almost doubles
Bank Rakyat Indonesia announced a net profit of USD 1.66 billion or grew almost double 98.38% year-on-year (YoY) with total assets also increased 6.37% to USD 110.19 billion in the first half of 2022, at the Press Conference on Financial Performance for Q2 2022 on July 27, 2022...Amgen to buy ChemoCentryx for $3.7b in cash
Amgen and ChemoCentryx announced that the companies have entered into a definitive agreement under which Amgen will acquire ChemoCentryx for $52 per share in cash, representing an enterprise value of approximately $3.7 billion...Ontex to sell its Mexican business to Softys
Ontex Group, a supplier of personal care products, has entered into a binding agreement to sell its Mexican business activities for approximately €285 million to Softys, a personal hygiene company with operations across Latin America...Digimarc Q2 revenue increased 23%
Digimarc reported financial results for the second quarter ended June 30, 2022...Hilton to upgrade headquarters, create 350 new jobs over next five years in Virginia
Hilton will retain its headquarters in Fairfax County, Virginia, including significant upgrades to its facility at 7930 Jones Branch Drive in McLean...APA acquires oil producing assets in West Texas for $505m
APA has acquired Texas Delaware basin properties from an undisclosed firm in a deal worth $505m...Ritchie Bros. Q2 revenue increased 22%
Ritchie Bros. reported results for the second quarter ended June 30, 2022...Goodyear Q2 net income more than doubles
The Goodyear Tire & Rubber Company reported results for the second quarter of 2022... â–