Orvana Minerals has officially withdrawn its fiscal 2026 production targets for its Bolivian subsidiary, Emipa, following a sluggish ramp-up at the Don Mario operation. While the company successfully produced its first copper cathodes from stockpiled oxides, mechanical instability has forced management to reset expectations for the coming year.
Petrobras has locked in a renewed and expanded software licensing deal with Canada’s Computer Modelling Group, cementing a long-standing technical partnership. The agreement secures the Brazilian energy giant’s access to critical reservoir and production simulation tools essential for managing its most complex deep-water and pre-salt offshore assets.
China currently dominates the global supply chain for vital heavy rare earths like dysprosium and terbium, forcing Western firms to rely on outdated, energy-intensive separation methods. A new partnership between USA Rare Earth, Pasqal, and Riven Systems aims to break this dependency by deploying quantum computing and artificial intelligence.
A $5 billion investment over the next decade marks the latest push by California-based Applied Materials to cement its presence in India. Announced at the Semicon conference in New Delhi, the initiative aims to scale the company’s local research capabilities and integrate the nation into the global semiconductor supply chain.
The Houston Metropolitan Transit Authority is replacing its aging fleet with 100 compressed natural gas buses, awarding a $93 million contract to New Flyer of America. The deal marks a significant modernization effort for the agency as it simultaneously expands its infrastructure to support cleaner-burning fuel capabilities across its transit network.
The Bank of England opted to keep interest rates at 3.75% today, defying market speculation of a hike while signaling a significant shift in its balance-sheet strategy. The decision, backed by a 6-3 vote, sparked an immediate retreat in sterling and a sharp decline in U.K. government bond yields.
Apollo Global Management has deployed $1.25 billion in equity to restructure the debt obligations of BMG, effectively clearing the path for its integration with Concord. This capital infusion targets asset-backed securities linked to a massive catalog of over one million songs, strengthening the combined entity’s underlying financial foundation.
A multi-year, take-or-pay agreement will see Almonty Industries supply 1,720 metric tons of tungsten trioxide to Sandvik’s Austrian subsidiary. Extracted from historic mine waste at the idled Los Santos site in Spain, the concentrate provides a crucial non-Chinese source for Western industrial and defense supply chains.
With a 36% gain in its share price since the beginning of 2026, Silvercorp Metals is doubling down on its market position. The Canadian mining firm announced Thursday it will repurchase up to 4% of its public float, a move representing a capital commitment of roughly C$138.1 million.
Shares of Raiffeisen Bank International tumbled 7% in European midday trading Thursday after short-seller Grizzly Research released a scathing report alleging the lender serves as a primary conduit for sanctions evasion in Russia, Iran, and North Korea, directly challenging the bank’s public claims regarding its scaled-back Russian operations.
Targeting mid-to-high single digit annual sales growth through 2030, Yeti Holdings is betting on international scaling and an expanded product portfolio to sustain momentum. The drinkware and cooler manufacturer aims to hit these long-term benchmarks while maintaining a steady trajectory for its adjusted earnings per share.
A million-dollar base salary and a 130% target bonus await Kenneth Gardner-Smith, who steps into the president and CEO roles at Accendra Health early in the fourth quarter. The appointment follows the planned retirement of Edward Pesicka, who steered the Glen Allen, Virginia-based medical products firm since 2019.
Tarja Stenvall, a veteran executive with deep roots in global pharmaceutical giants, will take the helm at Bavarian Nordic on October 15. Her arrival marks a transition for the Danish vaccine manufacturer, as she steps into the role vacated by Paul Chaplin, who announced his departure earlier this spring.
Valued at $7 billion by local auditors, Malaysian manufacturer Vertex Material is preparing for a 2027 U.S. stock market entry. The company aims to leverage its proprietary copper-composite technology to address a global metal supply crunch currently intensified by the rapid expansion of artificial intelligence infrastructure.
Nokia shares climbed 6.3% to 9.39 euros in midday European trading on Thursday, marking a significant 70% year-to-date gain. The rally follows the Finnish telecommunications giant's announcement of a strategic expansion into AI-driven data services through a new collaboration with Microsoft.
Warehouse shoppers across the United States now have a new delivery option as Costco Wholesale moves to integrate its entire domestic footprint into the DoorDash Marketplace. This expansion follows a similar nationwide push with Uber Eats, signaling a rapid shift in the retailer’s strategy to dominate the last-mile delivery market.
A 20 percent drop in premarket trading on Thursday signaled investor alarm as Fluence Energy slashed its full-year revenue outlook to $2.4 billion. The battery storage provider, already down 54 percent year-to-date, cited persistent production delays at its Houston contract manufacturing facility as the primary catalyst for the downward revision.
For the tenth consecutive quarter, Taiwan's central bank held its benchmark interest rate at 2.000%, defying global trends of monetary tightening. While policymakers opted for stability, they simultaneously signaled confidence in the domestic economy by upgrading growth and inflation expectations for the coming years.
European regulators are pushing to ban children under 13 from social media platforms entirely, while requiring those between 13 and 15 to obtain parental consent for limited account access. The proposed Kids Act forces tech companies to implement robust age verification to curb minors' exposure to digital risks.
A net loss of 36 million yen for the first quarter ending August 31 marks a significant downturn for Pharmarise Holdings Corp., effectively doubling the 18 million yen loss recorded during the same period last year. The results, prepared under Japanese accounting standards, reflect deepening financial pressure on the pharmacy operator.
Cota Co. Ltd. posted a net profit of ¥37 million for the first quarter ending June 30, reversing a ¥33 million loss during the same period last year. The Japanese firm’s improved financial performance was anchored by a rise in revenue to ¥1.66 billion, up from ¥1.60 billion in 2025.
The Federal Reserve’s unanimous decision to raise interest rates by a quarter percentage point to a range of 3.75% to 4% has rippled across Asian markets, ending a three-year period of stability. This sharp policy reversal signals a aggressive stance against persistent inflation, leaving regional investors to recalibrate portfolios.
After three months of heavy losses, South Korean shipbuilding giants saw a sharp market reversal on Thursday as investors pounced on depressed valuations. HD Hyundai Heavy Industries led the charge, surging over 8% in afternoon trading, signaling a sudden end to the sector's prolonged downward trajectory on the Kospi.
After weathering successive shocks from the pandemic to regional conflict, Asian economies are losing the policy flexibility needed to absorb further turmoil. Krishna Srinivasan, head of the IMF’s Asia-Pacific department, warns that the buffers that shielded the region from recent energy price spikes are nearing their exhaustion point.
A unanimous quarter-percentage point rate hike by the Federal Reserve has rippled across Asian markets, pushing government bond yields lower while equity trading remains fragmented. The central bank's decision signals a definitive end to three years of policy easing, directly challenging the narrative that current inflationary pressures are merely transitory.
Shares of Longeveron plummeted 60% to $2.65 in after-hours trading Wednesday after the biotech firm reported that its stem-cell therapy failed a pivotal Phase 2b trial. The drug, laromestrocel, did not meet the primary endpoint for improving right ventricular function in infants suffering from hypoplastic left heart syndrome.
A $2.4 billion agreement to supply data-center generators to Amazon sent Generac shares climbing 35% to $237 in Wednesday’s after-hours trading. This massive surge highlights a volatile session for investors, as other market players experienced sharp swings following new licensing deals, failed clinical trials, and public stock offerings.
Investors pushed Viant Technology shares down 11% to $10.98 in after-hours trading Wednesday following news that a major stockholder plans to offload 8.5 million shares. The sell-off interrupted a modest year-to-date rally, as the market reacted to the significant increase in circulating supply from the secondary offering.
After its stem cell therapy for infants with hypoplastic left heart syndrome failed to reach primary success benchmarks, Longeveron is pivoting toward survival. The biotechnology firm has launched a formal review of strategic alternatives to preserve capital and maximize value for shareholders following the disappointing Phase 2b trial results.
The Federal Reserve's latest interest rate hike triggered a broad sell-off across industrial and transportation sectors on Wednesday. Investors reacted sharply to the shifting monetary landscape, with major manufacturers facing renewed downward pressure as borrowing costs climb and production hurdles mount for industry stalwarts like Boeing.
