Tag: Broker

BusinessManufacturingTechnology

Barloworld Nears Delisting as Newco Secures 90.7% Controlling Stake

Industrial equipment firm Barloworld is approaching full private ownership as Newco consolidates control over 90.7% of ordinary shares. The extended tender period allows remaining shareholders to complete transactions ahead of anticipated delisting.

Private Ownership Transition Accelerates

Industrial equipment company Barloworld is reportedly nearing the final stages of its transition to private ownership, with consortium-backed Newco now controlling 90.7% of the company’s ordinary shares, according to recent reports. Sources indicate this significant milestone positions the company for potential delisting from public exchanges once formal requirements are met.

by Ortega Rafael
BusinessTechnology

Customs Chaos: How Parcel Carriers Navigate Post-De Minimis Shipping Disruptions

Major parcel carriers report significant customs disruptions following the elimination of the de minimis exemption. UPS, FedEx and DHL are implementing different strategies to handle packages stuck in customs clearance, with some shipments facing disposal after compliance deadlines.

Customs clearance challenges emerge after de minimis elimination

Package carriers are reporting significant disruptions in cross-border shipping following the Trump administration’s August 29 elimination of the de minimis exemption, according to industry reports. The trade tool previously allowed sub-$800 imports to enter the U.S. duty and tax-free, but now these shipments face tariffs and stricter entry requirements before reaching domestic delivery networks.

by Ortega Rafael