Mondi's London-listed shares jumped 11% on the news, as the company said it will distribute a cash balance of 16 billion rubles ($250 million) to shareholders.
Share Capital
Rengo Co., Ltd. announces that it has invested in FCL Co., Ltd. through third-party allocation and acquired a 20% share of the company. FCL is a machinery manufacturer that designs and manufactures industrial machines. Rengo has developed in-house designed machinery equipment with FCL jointly, which are used in Rengo’s...
Big swings in US lumber futures prices are preventing traders from laying bets. In 25 of this year’s 35 trading sessions, prices of the leading lumber futures contract have moved so sharply that they have ended the day stuck at limits designed to ensure an orderly market.