Welcome to our dedicated page for S&P Global news (Ticker: SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
S&P Global Inc. (NYSE: SPGI) is a finance and insurance sector company that describes its mission as providing essential intelligence through credit ratings, benchmarks, analytics and workflow solutions. The SPGI news stream highlights how the company’s data and insights intersect with capital markets, commodities, energy transition, artificial intelligence and the automotive sector.
News about S&P Global often covers corporate actions and capital allocation, such as Board-approved dividend increases and the company’s long history of annual dividend payments. Updates can also include announcements about planned or completed transactions, such as the sale of specific businesses or the expected separation of the S&P Global Mobility division into an independent public company.
Another key theme in SPGI news is research and market studies. For example, S&P Global has released a detailed study on copper in the age of AI, examining how electrification, digitalization, data centers and defense spending could affect copper supply and demand through 2040. These reports draw on proprietary data and cross-divisional expertise from areas such as S&P Global Energy and Market Intelligence.
News items also highlight regulatory and governance developments, including settlements involving S&P Global Ratings and the appointment of new directors to the company’s Board. In addition, readers will find coverage of philanthropic and workforce initiatives like the StepForward program, which focuses on AI-enabled workforce readiness for youth, and updates from CARFAX, part of S&P Global Mobility, on topics such as odometer fraud trends.
Investors, analysts and other stakeholders can use the SPGI news page to follow how S&P Global’s ratings, indices, research, financing activities and governance decisions evolve over time and how the company positions itself around themes such as AI, energy transition and global capital markets.
S&P Global Platts announced that Petronet LNG Limited will use the Platts West India Marker (WIM) to price a tender for an LNG spot cargo to be delivered in November. This marks the first instance of an Indian LNG company utilizing the Platts WIM for pricing. Petronet, a key player in India's energy sector, operates terminals in Dahej and Kochi, reflecting India's increasing shift towards market-based LNG pricing. The WIM is gaining traction, with its use in domestic gas supply deals by companies like ONGC, signaling a significant development in the LNG market.
On September 25, 2020, S&P Global Platts announced the finalists for the 22nd Annual Global Energy Awards, recognizing energy companies from 33 countries. Two-thirds of the finalists are from outside the U.S., with a record 300 nominations received this year. The awards celebrate leadership in 21 categories, with winners to be revealed during a virtual gala on December 10. The event will also support food banks with a $250,000 donation. Emmy-winning actor Jason Alexander will emcee the ceremony, highlighting innovation and resilience in the energy sector.
S&P Global Platts has launched the first Sustainable Aviation Fuel (SAF) price assessment for the Americas, providing crucial transparency in this emerging market. This initiative follows their earlier launch of Europe's SAF price references. The launch comes amid a significant push for carbon neutrality by major airlines, including commitments from the oneworld alliance to achieve this by 2050. Despite a projected 35% drop in US jet fuel consumption due to the pandemic, the SAF market is incentivized by federal and state policies, including various environmental credit programs.
S&P Global Market Intelligence has integrated Trucost's environmental data into its platform, enabling users to analyze climate-related risks and opportunities alongside traditional financial metrics. The database includes information from over 15,000 companies, covering greenhouse gas emissions, water usage, and waste management. With this integration, corporates, asset managers, and pension funds can enhance their portfolio analytics and ESG decision-making processes. Trucost's data encompasses 99% of the global market capitalization, supporting a comprehensive analysis crucial in a post-COVID financial landscape.
S&P Global Market Intelligence has expanded its Market Intelligence Platform by adding over 10 million European private company profiles. This includes standardized financial data from key markets like Germany, France, and the United Kingdom. The new content aims to enhance accessibility to private company insights, aiding customers in making informed decisions. This release marks a significant step in their SME Initiative, which aims to provide comprehensive data on private companies. Future expansions to U.S., Canada, Asia, and Africa are planned.
S&P Dow Jones Indices and Experian reported data for the S&P/Experian Consumer Credit Default Indices through August 2020. The composite default rate increased one basis point to 0.67%. The bank card default rate fell 41 basis points to 3.45%, while the auto loan default rate rose by six basis points to 0.53%. In major metropolitan areas, Miami saw a significant increase of 16 basis points to 1.99%. Overall, four out of five MSAs reported higher default rates.
The S&P Dow Jones Indices and Experian have released data for the S&P/Experian Consumer Credit Default Indices through August 2020. The composite default rate increased by one basis point to 0.67%.
Notable decreases include the bank card default rate, which dropped 41 basis points to 3.45%, while the auto loan default rate rose six basis points to 0.53%, and the first mortgage default rate increased four basis points to 0.48%.
Miami recorded the highest increase among major metropolitan areas, rising 16 basis points to 1.99%.
S&P Global Platts announced that Cairn India Ltd., a unit of Vedanta Ltd., has adopted the Platts Dated Brent crude oil benchmark for pricing its Rajasthan crude sales. This marks the first instance of indigenous crude in India being priced against a global benchmark, effective from April 2020. Platts Dated Brent is utilized for over 60% of the world's oil pricing. Cairn India is India's largest private crude oil producer, and this transition reflects the trust in Platts' price reporting methods, according to Vera Blei, Head of Oil Markets at S&P Global Platts.
Douglas L. Peterson, CEO of S&P Global (NYSE: SPGI), will speak at the virtual Barclays Global Financial Services Conference on September 14 from 8:15 a.m. to 8:55 a.m. EDT. The session, which will feature forward-looking information, will be webcast live and available for replay on the company's Investor Relations website for three months, until December 10, 2020. S&P Global is a leading provider of credit ratings, benchmarks, and analytics, supporting global capital and commodity markets with over 160 years of experience.
S&P Global Market Intelligence has partnered with Snowflake to enhance data accessibility for clients. This collaboration eliminates data ingestion processes, allowing for quicker access to S&P Global's financial, textual, ESG, and alternative data. The integration aims to boost productivity in today's fast-paced markets. Over 20 datasets are available including Compustat, S&P Capital IQ Fundamentals, and ESG Scores. This initiative reflects S&P Global's commitment to providing high-quality data through innovative delivery platforms.