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 Commodity Insights has launched a suite of Platts ammonia price assessments based on renewable power pathways as of December 1, 2022. This initiative complements prior 'blue ammonia' assessments, enhancing transparency in hydrogen markets. The company anticipates that low-carbon ammonia could replace 57% of the global conventional ammonia market by 2050, with various applications including shipping fuel. The assessments will be published in the Platts Hydrogen Daily report, reflecting prices in key import regions.
CARFAX Canada has released its annual Year in Rear View, analyzing vehicle history data from the past year. In 2022, the volume of Vehicle History Reports rose by nearly 15%, reflecting Canadians' desire to investigate used vehicles' pasts. Key findings include 1.3 million accident claims totaling $4.8 billion in damages, with $2.6 billion occurring in Ontario. Additionally, there were 800,000 lien instances and over 33,500 weather damage claims reported.
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S&P Global (NYSE: SPGI) announced plans to divest its Engineering Solutions business, a move aimed at streamlining operations post-merger with IHS Markit. CEO Douglas L. Peterson emphasized that this profitable sector has significant growth potential. The divestiture will enable S&P Global to focus on its growth strategy. Currently, the company is confidentially exploring potential buyers for the business. With over 6,000 global customers benefiting from its data and insights, the decision marks a significant evolution for the company.
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The new S&P Global Commodity Insights analysis reveals significant variations in greenhouse gas (GHG) intensity across North Sea oil and gas assets. In 2021, the average GHG intensity was 12 kgCO2e/boe, but nearly 2/3 of the total production was below average. Notably, UK production was nearly three times more intense than Norway's. Factors affecting intensity include field maturity, electrification, and flaring practices. This model provides essential insights for investors and governments to assess GHG competitiveness in oil and gas sectors.
S&P Global Market Intelligence reports that the COVID-19 pandemic and the Russia-Ukraine war will continue to lead to uncertainty in 2023. Key themes include unresolved conflicts, energy security, supply chain disruptions, transitioning labor markets, and a challenging economic outlook. Recessions are expected in Europe and North America, while APAC may avoid them. The interplay of economic and security concerns will likely influence global relationships and markets as countries adjust to new geopolitical realities.
In November, U.S. auto sales are projected at 1.122 million units, indicating a seasonally adjusted annual rate (SAAR) of 14.1 million, a decline from October's 14.9 million. The daily selling rate averages around 44-45K units, consistent since September. Battery-electric vehicles (BEVs) are expected to capture 5.9% of the market. The top EV markets remain coastal states, accounting for 50.5% of registrations. Analysts indicate continued monitoring of inventory for signs of consumer pressure due to economic headwinds.
CARFAX reports that with holiday travel approaching, many vehicles are not ready for the road. Nearly 50% of cars are overdue for tire rotations, and 30% need oil changes. Additionally, 20% of vehicles have unresolved safety recalls. Regular maintenance is crucial, as it can increase a vehicle's resale value by $2,000 on average. CARFAX offers a free tool for tracking service needs and reminders. A well-maintained car is more reliable, lasts longer, and ultimately costs less during ownership.