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.
ZincFive has been recognized as a finalist for the S&P Global Platts Global Energy Awards for its BC Series Battery Cabinets for the second consecutive year. Competing for the title of Commercial Technology of the Year, the BC Series utilizes nickel-zinc batteries to deliver sustainable uninterruptible power solutions in critical applications. The award selection stems from over 300 nominees highlighting innovation and performance. Winners will be announced on December 9, 2021, in New York City.
S&P Global Platts announced the launch of two new daily methanol bunker fuel price assessments for Singapore and Houston, effective October 25, 2021. These assessments aim to reflect the value of methanol as a marine fuel, expanding upon existing offerings that include a previous assessment for Rotterdam. The initiative responds to a growing demand for cleaner marine fuels in the shipping sector and provides transparency for market participants. Daily assessments will include costs related to spot methanol and delivery, as well as comparisons with other marine fuels.
S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) announced a conditional Phase 1 approval for their $44 billion merger from the European Commission. This merger aims to enhance innovation and provide broader insights for customers. To address regulatory concerns, S&P Global will divest CUSIP Global Services and certain related businesses, while IHS Markit plans to divest its Oil Price Information Services and explore other divestitures. The merger is expected to close in Q1 2022, pending global regulatory approvals.
S&P Global and IHS Markit have received conditional Phase 1 approval for their $44 billion merger from the European Commission, a crucial step towards the merger's completion. To address regulatory concerns, S&P Global plans to divest certain businesses, including CUSIP Global Services and Oil Price Information Services. Both companies expect to finalize the merger in Q1 2022, pending further regulatory approvals. The merger is anticipated to enhance innovation and expand service offerings, creating new opportunities for growth.
The S&P Dow Jones Indices and Experian released data for the S&P/Experian Consumer Credit Default Indices as of September 2021, showing the composite rate remained steady at 0.39%. The bank card default rate decreased by 24 basis points to 2.11%, while the auto loan default rate increased by one basis point to 0.35%. Regional analysis revealed Miami's default rate dropped to 0.80%, New York to 0.40%, and Los Angeles to 0.31%. The release highlights trends in consumer credit defaults across various loan categories and metropolitan areas.
S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) announced that the UK Competition and Markets Authority (CMA) found no major competition concerns regarding their merger, except for specific commodity prices. To address the CMA's concerns, they plan to divest certain businesses to News Corp, including Oil Price Information Services and others. The companies will submit these proposals by November 2, 2021, and believe these remedies will suffice for approval in Phase 1.
S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) announced that the UK Competition and Markets Authority found no major competition concerns regarding their merger, except for specific commodity and petrochemical price assessments in the UK. To address these concerns, they plan to divest IHS Markit's Oil Price Information Services, Coal, Metals and Mining, and PetroChem Wire businesses to News Corp, among other proposals. The companies aim to achieve clearance for their transaction by submitting these remedies, with a provisional CMA decision expected by November 2, 2021.
S&P Dow Jones Indices and MSCI announced a consultation regarding potential changes to the Global Industry Classification Standard (GICS) structure in 2022. The consultation period, from October 18 to December 20, 2021, aims to ensure that GICS remains aligned with current market conditions. Key areas for potential changes include the classification of renewable energy companies, data processing services, banks, REITs, and cannabis definitions. Any modifications will be revealed by February 2022.
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