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World

As Copper M&A Wars Escalate, Solaris Resources' Warintza Project Stands Out

The mining industry has been busy with mergers and acquisitions (M&A) activity in recent years, and 2024 has been one of the busiest. Major mining companies are all vying for a piece of the action in the promising copper sector. As the global push towards electrification and clean energy intensifies, the demand for copper—a critical component in electric vehicles, renewable energy systems, and infrastructure—is expected to soar. This has sparked even more interest from mining giants looking to secure their position for production.

Jul 18, 2024 03:33 AM EDT

World

Stablecoins Emerge as a Lifeline in Argentina's Economic Crisis

The US House of Representatives is set to vote on overriding President Biden's veto of a measure to remove SEC rule SAB 121, impacting cryptocurrency firms.

World

Super Funds Urged to Future-Proof Amid Contingency Planning Shortfalls

APRA urges superannuation funds to improve financial contingency planning amid significant shortcomings.

News

US Industries Demand Hearing on New China Tariffs Imposed by Biden

Numerous pro-trade American industry associations have requested an extension of one month for the Biden administration to provide feedback on their intentions to apply higher tariffs to Chinese imports of solar equipment, electric cars, batteries, and other items. This basically means that the start date of many of the penalties has been postponed until August 1.

Renault denies reports it cheated on emissions tests for decades

Renault shares plummet more than five percent on Thursday even after the company refused to acknowledge reports that it cheated on emissions tests for decades.

Mar 20, 2017 08:52 AM EDT

Japanese minister agrees to contribute information on developments with Toshiba

The Westinghouse sale represents the latest in a series of steps Toshiba plans on undertaking to deal with the losses coming from the nuclear unit's ill-fated purchase of a US nuclear power plant construction company in 2015.

Mar 20, 2017 08:55 AM EDT

Cathay Pacific posts $74 million annual loss due to overcapacity, intense competition

Shares of Hong Kong's flag carrier dipped almost seven percent following the profit loss of HK$575 million for 2016, which was down from an HK$6 billion profit from the previous year.

Mar 16, 2017 08:11 AM EDT

Toshiba looking to sell controlling stake in Westinghouse Unit

Toshiba president Satoshi Tsunakawa sidesteps questions for a Chapter 11 filing for Westinghouse and says there are various options.

Mar 15, 2017 07:11 AM EDT

Apple found guilty of price-fixing practices in Russia, regulator says

Tech giant Apple is found guilty of fixing the price of iPhones in Russia for several years.

Mar 15, 2017 06:05 AM EDT

HSBC breaks tradition, names AIA boss Mark Tucker as chairman

The chief executive of the Asian life insurer AIA Group will take over as HSBC chair on October 1, the first outsider to take on the role that breaks an HSBC tradition.

Mar 15, 2017 06:12 AM EDT

Atlanta Fed appoints first African-American regional president as major step in diversity

The move marks as a progress for Atlanta Fed in regards to diversity as Bostic becomes the first African-American regional president in its history.

Mar 14, 2017 06:05 AM EDT

Intel buys Israeli tech, self-driving car company Mobileye in a $15.3 billion deal

Intel is moving into self-driving cars as part of its strategy to build up its position in emerging areas of computer technology.

Mar 14, 2017 06:08 AM EDT

Trump banks on big tech investment from Middle East

US President Donald Trump met SoftBank Vision Fund Masayoshi Son just weeks after taking his seat on the presidency to discuss a huge new technology fund and investment.

Mar 13, 2017 12:30 PM EDT

US jobs increase in Trump's first full month projecting economic optimism

Employers added 235,000 US jobs in February as per a Labor Department report released on Friday.

Mar 13, 2017 09:26 AM EDT

Sears posts another quarterly operating loss

Embattled US department store operator posts another quarterly operating loss that is even worse than the previous corresponding period which the company attributes to having fewer Kmart and Sears Full-line stores in operation.

Mar 12, 2017 10:57 PM EDT