outlook

Business

Crane (CR) Divests Business Unit, Revises Its 2022 Outlook

Crane Holdings Co. CR yesterday announced that it has completed the divestment of its Crane Supply business to Deschenes Group Inc. for CAD 380 million. As noted, this divestment deal was announced in April 2022. The company’s previously announced deal for the divestment of its Engineered Materials segment has been terminated. As a result, it […]

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Travel

Australia’s jet fuel demand battered by omicron, but medium-term outlook brighter

Highlights Qantas Group cuts flight capacity as staff, holiday-makers isolate due to omicron Australia’s 2022 jet fuel demand seen around 46% below 2019 levels: Platts Analytics But Asian jet fuel prices elevated by tight supply The prospects of near-term recovery in Australia’s jet fuel demand remain bleak as a surge in omicron infections upend staffing […]

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