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US’ Olin – Winchester acquires small caliber ammunition assets of AMMO

Olin Corporation has completed its acquisition of AMMO, Inc’s small caliber ammunition assets, integrating them into Winchester Ammunition.
The deal, funded from existing liquidity, adds a new 185,000 sq ft facility in Wisconsin and is expected to boost first-year EBITDA by $10–$15 million, with long-term gains of $40 million annually through synergies.Read More

25.04.2025Comments Off
ICE cotton touches three-month high on weaker US dollar

ICE cotton futures touched a three-month high as a weaker US dollar made cotton more affordable for overseas buyers.
The July 2025 contract settled at 69.17 cents per pound, up 0.14 cent, with a 235-point gain over three sessions.
Despite a 49 per cent weekly drop in US export sales, analysts said dollar weakness and prior technical strength continued to support the market.Read More

25.04.2025Comments Off
Many US Fed districts’ outlook markedly worsens: Beige Book

Just five out of 12 Federal Reserve (Fed) districts saw slight growth, three noted relatively unchanged activity and the rest slight to modest declines, the Beige Book said.
Manufacturing was mixed, but two-thirds of districts said activity was little changed or had declined.
The outlook in several districts worsened considerably as economic uncertainty, particularly surrounding tariffs, rose.Read More

25.04.2025Comments Off
US’ California state hits $4.1 trn GDP in 2024, surpasses Japan

California has overtaken Japan to become the world’s fourth-largest economy in 2024, with its GDP reaching $4.1 trillion, according to IMF and BEA data.
While outperforming the US, China, and Germany in 2024 GDP growth, Governor Gavin Newsom warned of risks from federal tariff policies and has filed a lawsuit challenging the president’s broad use of emergency trade powers.Read More

25.04.2025Comments Off
Euro area trade surplus with rest of world estimated at €24 bn in Feb

In February 2025, the euro area posted a €24 billion (~$25.68 billion) trade surplus, up from €21.7 billion in 2024, with exports rising 6.2 per cent.
The chemicals sector saw notable growth.
From January-February 2025, euro area exports rose 4.5 per cent, imports 6.6 per cent.
The EU recorded a €17.4 billion (~$18.62 billion) surplus in Jan-Feb 2025, down from €28.5 billion same period last year.Read More

25.04.2025Comments Off
EuroCham in Bangladesh concerned over planned trade concessions to US

EuroCham Bangladesh has urged the interim government to avoid discriminating against EU firms by mulling over offering substantial trade concessions to the US.
High tariffs and non-tariff barriers hinder EU firms’ efforts to do business with and export to Bangladesh, it noted, encouraging Dhaka to reaffirm its commitment to a rules-based trading system and pursue needed policy and customs reforms.Read More

25.04.2025Comments Off