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5 days ago · Nvidia Corp. shares entered correction territory on Monday, as an ongoing selloff erased a historic amount of value for the AI-focused chipmaker. The stock fell 6.7 per cent, its third straight negative session and biggest one-day percentage drop since April. The three-day drop erased about US$430 billion from Nvidia’s market capitalization ...
5 days ago · Hallie Gu, Bloomberg News. , China Customs. (Bloomberg) -- China is further restricting fertilizer exports, as it seeks to contain domestic prices, cut farming costs and bolster grain security. The curbs imposed earlier this month apply to urea, a nitrogen-based fertilizer, and phosphates, according to people familiar with the matter, who didn ...
5 days ago · Founder Securities Co., Ltd. will dispose of its entire 49% stake in the venture for $124 million. That gives the Beijing firm an 85.01% majority stake, according to a statement. UBS will retain 15% after the sale, confirming an earlier report by Bloomberg News. The announcement brings the months-long rivalry for Credit Suisse’s investment ...
5 days ago · The Thames Water headquarters in Reading, UK. (Bloomberg) -- The UK’s main opposition Labour Party — which looks poised to take power after the general election on July 4 — said it wouldn’t want to take Thames Water Ltd. into state ownership, despite the financial crisis facing Britain’s largest water and sewage supplier.
5 days ago · EU Sanctions 27 Ships It Says Are Helping Russian War Machine. Alex Longley, Bloomberg News. The Turba, now renamed the Robon, left, and Simba tankers in the Laconian Gulf, Greece, on Sept. 19. , Source: Bloomberg. (Bloomberg) -- The European Union placed sanctions on more than two dozen vessels, including 17 that hauled oil for Moscow.
5 days ago · The tumble wiped about €2.3 billion ($2.5 billion) from Eurofins’s market value after Muddy Waters disclosed a short position and cast doubt on its financial statements, calling it “a company of oddities and contradictions.”. The firm’s reports “could contain material overstatements of profits, cash balances, and other asset values ...
5 days ago · The all-stock deal will give Australia’s Paladin operational control of one of the most advanced mining projects in western Canada’s Athabasca Basin, a remote area in Saskatchewan that’s loaded with high-grade uranium. Fission’s asset is expected to open in 2029 and produce an annual average of 9.1 million pounds of the metal over a decade.
