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
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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.
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Super Funds Urged to Future-Proof Amid Contingency Planning Shortfalls
APRA urges superannuation funds to improve financial contingency planning amid significant shortcomings.
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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.
Latest News
Volkswagen's Audi slows down spending plan 2016
German auto major Volkswagen has trimmed its investment plan for 2016. It has also decided to postpone the new wind tunnel project by one year. Audi division has decided to invest in plant and equipment.
Dec 29, 2015 08:36 AM EST
Women's apparel, furniture sales lead 7.9% rise in US holiday retail sales: MasterCard
The 2015 US holiday season witnessed an encouraging growth of 7.9 percent, says MasterCard. Women's apparel and furniture sales helped the overall sales volume to swell. The growth rate in 2014 holiday season was 5.5 percent.
Dec 29, 2015 09:11 AM EST
Oil price slid below $37; fell over 11% this month
Oil price again fell below $37 per barrel and is trading 11 percent lower in December. The slump in Chinese demand and oversupply situation in the global oil market are keeping pressure on oil prices. The shale production in the US is easing off in the wake of continuous drop in oil price.
Dec 29, 2015 07:34 AM EST
Russia Says Saudi Arabia Destabilized Oil Market
Continuous plunge of oil price has created an unrest in oil production countries. Russia says the act of Saudi Arabia in increasing its production to flood the market is the main cause of oil price turmoil.
Dec 28, 2015 10:15 PM EST
China Telecom boss Chang Xiaobing under scrutiny
China Telecom's Chief Executive Chang Xiaobing is the latest catch in Chinese government's anti-graft drive. Xiaobing is facing probe over his role in a violation of discipline. It's learnt that more than 70 top officials from state-run firms are facing investigation over anti-corruption charges. After cracking down on aviation and automobile companies, Chinese anti-corruption regulator is probing into telecom sector.
Dec 29, 2015 09:16 AM EST
Trading suspension in Shkreli's drug company
Martin Shkreli episode is witnessing a series of developments after his arrest. California University has canceled its coordination plan on the drug trial. The stock trading was also suspended. The stock price rose from below $1 a share to about $40 during the short span of Shkreli's tenure.
Dec 29, 2015 09:24 AM EST
Japan stocks rise on steady US futures
The Japanese stocks gained marginally on stable US equity-index futures in the first session of the last trading week of 2015. Ending its longest run of weekly losses in the past two years, the Topix index also moved up. Samsung Group stocks weighed on South Korea's Kospi index pulling it lower.
Dec 29, 2015 08:23 AM EST
Colombia Claim Spanish Treasure Ship Sunk in 1708
San Jose, the jewel of Spanish crown sunk in 1708 in Colombia coast. After years of claim with American group, Colombia recently announced that it has found the shipwreck last month.
Dec 28, 2015 10:24 PM EST
Iran exports news halts 3-week run of price rise for oil
The trouble-hit Iran has reiterated that it'll take the exports to the pre-sanctions level after the sanctions are lifted. This has curbed the three-week streak of oil price rise. The oil price rose encouraging for the first time since April.
Dec 28, 2015 09:21 PM EST
Wrong Direction: Malaysian Airlines flight took a detour
Malaysian Airlines flight from Auckland to Kuala Lumpur flew in a slight detour during their christmas day flight. No accident occur during the event as the pilot managed to inform the ground control and stay under the radar all the time.
Dec 28, 2015 09:26 PM EST