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
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.
Super Funds Urged to Future-Proof Amid Contingency Planning Shortfalls
APRA urges superannuation funds to improve financial contingency planning amid significant shortcomings.
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.
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Starbucks upbeat on record gift card sales on Christmas Eve
American coffee chain Starbucks is bullish on gift card sales this Christmas Eve. It sold 2.5 million gift cards last year. Starbucks has associated with Swarovski for selling $200 gift cards including $50 worth coffee that have been encrusted with crystals.
Dec 26, 2015 08:08 PM EST
Colombian Narco Submarine With 3 Tons of Coccaine Was Caught
A narco submarine was caught off the islands of Galapagos. The submarine was bound to U.S., carrying 3 tons of coccaine.
Dec 24, 2015 04:16 AM EST
ConocoPhillips exits Russia
After 23 years of doing business in Russia, ConocoPhillips has withdrawn from the country. It has confirmed the sale of 50 percent stake in Polar Lights, a joint venture with Russian government-owned Rosneft. Western sanctions on Russia are also impacting the oil and gas industry amid lower oil prices.
Dec 23, 2015 09:54 AM EST
US holiday travelers save big on cheaper gasoline - oil price watchdog
The average US gasoline price per gallon is hovering below $2. The US holiday travelers are expected to save $1.6 billion on gasoline this year. The US gasoline price eased to lowest since 2008.
Dec 23, 2015 10:11 AM EST
Consumer spending pumps up US economy to 2% in Q3
Led by consumer spending, the US economy grew two percent in third quarter as against 3.9 percent in the second quarter. Government outlay and business investment supported the US economy during the quarter while household buying kept up the demand during the third quarter.
Dec 23, 2015 09:33 AM EST
Lower oil price forces Shell to abort Arctic oil project
Anglo-Dutch oil major Shell has finally abandoned its drilling operations in Alaska Arctic region citing reason of oil price drop. Shell has been facing several regulatory and climatic challenges in addition to protests from environmentalists. The oil price has been hovering at $40 a barrel throughout 2015.
Dec 23, 2015 09:29 AM EST
The new Airbus A350 XWB jet is designed to beat jetlag
Airbus has created a new aircraft that is designed to eliminate jetlag. The plane, A350 XWB, arrived in the U.S. last week.
Dec 26, 2015 07:47 PM EST
Kazakhstan ups gold buying spree with Russia
Kazakhstan, Russia and Turkey have been expanding their gold reserves. Kazakhstan continued to buy gold for 38 months in a row. Bullion analysts said that as part of their long-term strategic need, emerging economies are buying gold.
Dec 22, 2015 09:49 PM EST
Kinder Morgan, Andersons set sights on ethanol projects
Anderson Inc and Kinder Morgan Inc have drawn up separate plans for ethanol projects. The demand for ethanol is rising as gasoline consumption is increasing on cheaper prices. It's expected that ethanol blend may surpass the 10 percent blend wall limit in 2016.
Dec 22, 2015 09:43 PM EST