Latest news with #BG
Yahoo
08-07-2025
- Business
- Yahoo
Company News for Jul 8, 2025
Bunge Global SA's BG stock fell 4.6% on fear that the grain trader becomes exposed in its cross-border agricultural shipments as a result of the Trump Tariff announcements. Shares of ON Semiconductor Corporation ON slid 3.5% on tech stocks having a bad session. Shares of lululemon athletica inc. LULU plunged 4.1% on consumer discretionary becoming the worst-affected sector of the day. Public Service Enterprise Group Incorporated's PEG shares rose 1.4% on utilities becoming the only S&P 500 sub-sector to close a winning session. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Public Service Enterprise Group Incorporated (PEG) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Bunge Global SA (BG) : Free Stock Analysis Report ON Semiconductor Corporation (ON) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hindu
02-07-2025
- Business
- The Hindu
Shivamogga–Shikaripura–Ranebennur rail project trails as land acquisition hurdles persist
The much-anticipated Shivamogga–Shikaripura–Ranebennur New Broad Gauge (BG) line project, covering a distance of 96 km, continues to face delays primarily due to land acquisition challenges. Sanctioned in the 2019-20 financial year, the project was originally estimated at ₹956 crore. The current anticipated cost has risen to ₹994.47 crore, with funding shared equally between the Indian Railways and the Government of Karnataka. Despite more than four years since approval, only 11.5% physical progress has been achieved, and no section of the line has been commissioned yet. Land acquisition remains the principal bottleneck, with just 560.49 acres (40.5%) of the required 1,382.7 acres handed over so far to railways from the State government. A staggering 822.21 acres (59.5%) is yet to be acquired, with the largest backlog concentrated in the Shikaripura–Ranebennur section, where 815.30 acres out of the required 878.14 acres are still pending. 'Land acquisition is the most pressing issue holding back the project,' said an official from South Western Railway. 'There are complications involving pending payments, documentation gaps, forest land clearance, and local disputes. These need urgent resolution if the project is to stay on track,' the official added. The project has been divided into two phases: Phase I covers the Shivamogga to Shikaripura stretch (46 km), while Phase II will extend from Shikaripura to Ranebennur. In a step forward, an EPC (Engineering, Procurement and Construction) contract for the Koteganguru–Shikaripura stretch (39.38 km) was awarded on February 17, 2023, for ₹530.59 crore. According to officials, to resolve the delays, regular high-level meetings have been held with key stakeholders, including the Chief Secretary of the Infrastructure Development Department (IDD), Deputy Commissioners, and the Minister of Infrastructure. Officials say the project has significant potential to boost connectivity in the region. 'The project is progressing, but land acquisition remains the critical challenge significantly impacting the pace of execution and commissioning,' the official added.
Straits Times
23-06-2025
- General
- Straits Times
Forum: Public parks near Nee Soon range safe for public use
W e thank Mr Felix Wong for his letter, 'What safeguards are in place for public parks near Nee Soon range?' (June 18). The Singapore Armed Forces (SAF) and the National Parks Board (NParks) would like to assure the public that areas outside of the restricted areas around the Nee Soon 500m Range, such as public parks, designated recreational trails and park connectors, are safe for public use. The Nee Soon 500m Range was designed and built in accordance with international range safety standards, and undergoes regular maintenance and recertification to ensure it remains safe for operations. Beyond the stop butt of the range, the restricted area provides a needed safety buffer catering to scenarios such as ammunition ricochet. This safety buffer was determined through trials and trajectory simulations matching the live-firing conducted at the range. The SAF imposes strict controls that ensure all live-firing activities conform to the stipulated guidelines for the range. Collectively, these measures ensure that areas beyond the restricted areas are safe for public use. The SAF and NParks will continue to work closely to ensure safety measures are in place, including regularly reviewing the locations and conditions of warnings signs regarding restricted areas. All trails officially designated by NParks are located outside of restricted areas, and are safe for use. For the safety of members of the public and our soldiers, we urge the public to keep strictly to these designated trails, and stay out of restricted areas. BG Tan Cheng Kwee Chief of Staff – General Staff Singapore Army Lim Liang Jim Group Director of Conservation National Parks Board More on this Topic Forum: What readers are saying Join ST's Telegram channel and get the latest breaking news delivered to you.
Yahoo
23-06-2025
- Business
- Yahoo
Is Bunge Global Stock Underperforming the S&P 500?
Summary: Bunge Global has underperformed the broader S&P 500 Index over the past year, and analysts remain moderately bullish on the stock's prospects. Chesterfield, Missouri-based Bunge Global SA (BG) operates as an agribusiness and food company worldwide. With a market cap of $11.5 billion, the company operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. Robotaxis, Powell and Other Key Things to Watch this Week Make Over a 2.4% One-Month Yield Shorting Nvidia Out-of-the-Money Puts Is Quantum Computing (QUBT) Stock a Buy on This Bold Technological Breakthrough? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Companies worth $10 billion or more are typically referred to as "large-cap stocks." BG fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the farm products industry. Its competitive strengths lie in its expansive and integrated global supply chain, diversified operations across agribusiness, food ingredients, and edible oils, and its strategic focus on growth through acquisitions and partnerships. The company's emphasis on operational efficiency, digitalization, and cost control enhances its margin performance, while its leadership in sustainable sourcing and traceability reinforces its position with major global food and energy players. Despite its strengths, the stock has dipped 25.7% from its 52-week high of $114.92 touched on Jul. 26, 2024. Moreover, over the past three months, BG stock has surged 15.5%, outperforming the S&P 500 Index's ($SPX) 5.4% uptick during the same time frame. BG stock has grown 9.8% on a YTD basis, outperforming SPX's 1.5% uptick in 2025. However, BG has declined 17.4% over the past 52 weeks, underperforming SPX's 9% gains. To confirm its recent uptrend, BG stock has been trading above its 200-day and 50-day moving averages since mid-June. BG stock dropped 2.9% following the release of its Q1 results on May 7. The company's net sales declined 13.2% year-over-year to $11.6 billion, missing the Street's expectations by a large margin. Moreover, its adjusted net income decreased 44.7% year-over-year to $244 million. However, BG's adjusted EPS for the quarter came in at $1.81, which surpassed the consensus estimates by 42.5%. Within the farm products arena, rival Tyson Foods, Inc. (TSN) has declined 5.3% in 2025 and 3.1% over the past year, outperforming the stock. Among the seven analysts covering the BG stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $85.88 suggests a marginal upside potential from current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Time of India
22-06-2025
- Business
- Time of India
Modi govt opened up one million sq km basin in big push for India's oil-gas hunt, says Hardeep Puri
The Narendra Modi government has opened up for oil and gas exploration, a staggering one million sq km of India's 3.5 million sq km sedimentary basin, which was off-limits for hydrocarbon exploration earlier, Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Sunday. "Thanks to Prime Minister Narendra Modi's visionary leadership, this entire 'No-Go' area has now been opened - to boost domestic output and cut import dependence," the minister said. He further stated that, along with the new law to govern exploration and production, several measures have been taken towards ease of doing business in the oil and gas exploration and production (E&P) sector. The Modi government has replaced the earlier New Exploration and Licensing Policy (NELP) with the Open Acreage Licensing Policy (OALP) to accelerate the oil and gas hunt in the country. Under OALP IX, around 38 per cent of bids came for these newly opened zones, while in the next round of OALP X, this figure could rise to 75 per cent, the minister said. He pointed out that OALP X is India's largest ever round with as many as 25 Blocks on offer for oil and gas exploration in 13 sedimentary basins of the country, stretching across a vast 1,91,986.21 sq. km area. While six of these hydrocarbon exploration blocks are on land, six are in offshore shallow water, one is in deep water, and 12 are in ultra-deep-water areas, Puri explained. "The spotlight is now turning towards high-potential zones. The Andaman Sea, once unexplored, may soon emerge as India's Guyana-scale success story. And then, that's going to be truly India's Big Oil Moment!" the minister remarked. The minister had earlier said that the Indian hydrocarbon sector is entering a new era of accelerated exploration and development through investor-friendly reforms, swift approvals, scientific exploration, and a strong emphasis on sustainability. Minister Puri stated that in the next two decades, 25 per cent of the world's incremental energy demand growth will come from India Reflecting on the past, Puri said 2006 and 2016 were a "dull decade" marred by policy paralysis and procedural delays, leading to the exit of global energy giants like BG, ENI, and Santos. However, the tide has turned. "We were determined to unlock India's untapped energy potential, estimated at approximately 42 billion tonnes of oil and oil equivalent of gas," he added.
