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. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
S&P Global Platts announced the launch of a new daily recycled high density polyethylene (HDPE) film pellets spot price assessment in Southeast Asia to address the increasing demand for recycled plastic pricing information. This assessment complements existing virgin HDPE prices and follows the introduction of recycled polyethylene terephthalate (R-PET) assessments in July 2020. The new pricing information aims to enhance transparency and assist market participants in making informed decisions amid a growing focus on recycled materials driven by green initiatives.
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S&P Global Platts has introduced a new API solution to enhance the price reporting process for its US natural gas indices. This development follows the launch of the Platts Trade Vision tool in November 2019, aimed at assisting natural gas price submitters. The API, developed with input from market stakeholders, including Tenaska Marketing Ventures, aims to automate submissions, reduce costs, and improve digital infrastructure. This innovation continues S&P Global Platts' strategy to modernize commodity price assessment processes, following earlier API launches in 2020.
S&P Global Trucost has launched its Paris Alignment dataset on the Market Intelligence Platform, aiding clients in assessing company alignment with the Paris Agreement goals. This dataset covers 1,800 companies and offers tools for tracking energy transitions towards a low-carbon economy. CEO Richard Mattison emphasized its utility in monitoring carbon emissions and identifying necessary reductions to meet climate targets by 2025. The launch is part of S&P Global's continued expansion of Climate and Environmental data.
The latest report from S&P Global Ratings reveals that cash and investments held by U.S. nonfinancial and nonutility firms surged by 30% to a record $2.5 trillion in H1 2020. Concurrently, debt climbed by 9% to $7.8 trillion as companies issued unprecedented amounts to navigate the financial turbulence caused by the COVID-19 pandemic. Analysts predict that the U.S. Federal Reserve's low-interest rates will support future liquidity needs, allowing firms to reevaluate their cash strategies. This situation sets the stage for a potential shift in corporate financial policies depending on post-pandemic recovery.
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S&P Dow Jones Indices is updating its market capitalization eligibility criteria for new additions to the S&P Composite 1500 Indices, effective December 8, 2020. The new criteria specify:
- For the S&P 500: minimum market cap of $9.8 billion.
- For the S&P MidCap 400: market cap between $3.2 billion and $9.8 billion.
- For the S&P SmallCap 600: market cap between $700 million and $3.2 billion.
This update reflects overall market conditions and is subject to quarterly review.
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S&P Global's CFO, Ewout Steenbergen, will present at the Goldman Sachs U.S. Financial Services Conference on December 8, from 10:40 a.m. to 11:15 a.m. ET. The event will feature a 'fireside chat' format and will be available via a live and replay webcast on the company's Investor Relations website. The replay will be accessible for three months, concluding on March 7, 2021. S&P Global is recognized as a leading provider of credit ratings, benchmarks, and analytics in global markets for over 160 years.