News
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CIBC Appoints Christian Exshaw as Senior Executive VP & Group Head, Capital Markets
Aug 12 (Reuters) - Canadian Imperial Bank of Commerce CM.TO:CIBC: CHRISTIAN EXSHAW APPOINTED SENIOR EXECUTIVE VP & GROUP HEAD, CAPITAL MARKETSCIBC: KEVIN LI APPOINTED SENIOR EXECUTIVE VP & GROUP HEAD, US REGION; PRESIDENT & CEO, CIBC BANK USACIBC: HRATCH PANOSSIAN, SENIOR EXECUTIVE VP &a...Reuters
Tue, Aug 12
Musk says xAI to take legal action against Apple over App Store rankings
By Surbhi Misra Aug 11 (Reuters) - Billionaire Elon Musk said on Monday his artificial intelligence startup xAI would take legal action against Apple AAPL.O, accusing the iPhone maker of breaching antitrust regulations in managing App Store rankings. "Apple is behaving in a manner that makes ...Reuters
Tue, Aug 12
Blank Check Co Dynamix Corporation III Files For IPO Of Up To $150 Mln
Aug 12 (Reuters) - BLANK CHECK CO DYNAMIX CORPORATION III FILES FOR IPO OF UP TO $150 MILLION - SEC FILINGDYNAMIX CORP III: COHEN & COMPANY CAPITAL MARKETS IS UNDERWRITER TO IPO - SEC FILINGDYNAMIX CORP III: INTEND TO APPLY TO HAVE UNITS LISTED ON NASDAQ UNDER SYMBOL “DNMXU”Source text: [ID:n000...Reuters
Tue, Aug 12
Iran says direct nuclear talks with US possible under suitable conditions
DUBAI, Aug 12 (Reuters) - Iran could hold direct nuclear talks with the United States if conditions are suitable, first Vice President Mohammadreza Aref said on Tuesday, according to state media.But he said U.S. demands for Tehran to drop uranium enrichment entirely were "a joke". A sixth ro...Reuters
Tue, Aug 12
Trump cites 'major lawsuit' against Fed's Powell, again urges rate cut
WASHINGTON, Aug 12 (Reuters) - U.S. President Donald Trump on Tuesday reiterated his call for the U.S. Federal Reserve to lower benchmark rates, and cited "a major lawsuit" against Fed Chair Jerome Powell over renovations of the central bank's buildings."Jerome 'Too Late' Pow...Reuters
Tue, Aug 12
Cash held by US companies halved since 2021 amid high interest rates, data shows
By Ateev BhandariAug 12 (Reuters) - Cash allocations by U.S. corporations have halved since 2021 as elevated interest rates prompt a shift to higher-yielding treasury bills, data from Clearwater Analytics CWAN.N showed on Tuesday.Median allocations to cash - which includes hard currency, money marke...Reuters
Tue, Aug 12
Ex-Fed's Bullard says he's talked with Bessent about Fed chair job
Aug 12 (Reuters) - Former St. Louis Federal Reserve Bank President James Bullard on Tuesday said he spoke with U.S. Treasury Secretary Scott Bessent last week in connection with the White House search for a new Fed chair, and told Bessent that he'd be "happy to proceed however they want to p...Reuters
Tue, Aug 12
etoro CFO Says Co Saw Elevated Trading Activity Following Tariff Announcement In April - Conference Call
Aug 12 (Reuters) - eToro Group Ltd ETOR.O:ETORO CEO SAYS CO IS LAUNCHING TOKENIZED STOCKS - CONFERENCE CALLETORO CEO SAYS CO WILL CONTINUE TO EXPAND CRYPTO ASSETS AND FEATURES FOR U.S. CONSUMERS AND WILL SOON LAUNCH STAKINGETORO CEO SAYS CO IS ROLLING OUT A SUITE OF ARTIFICIAL INTELLIGENCE DRIVEN TO...Reuters
Tue, Aug 12
Deals of the day-Mergers and acquisitions
August 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday: ** Ecolab said it would buy Ovivo's electronics unit for about $1.8 billion in cash to expand its ultra-pure water technology for semiconductor manufacturing, as ...Reuters
Tue, Aug 12
South Korea's Lee, Trump to hold August 25 summit on security alliance, economy
Lee prioritises navigating global trade changes due to Trump's tariffsSummit to discuss strategic alliance, manufacturing and technology partnershipTrump may seek more concessions on defence costs and corporate investmentsBy Jack Kim and Joyce Lee SEOUL, Aug 12 (Reuters) - South Korean Presid...Reuters
Tue, Aug 12
Kenyan activist tries to block new Ritz-Carlton safari lodge opening
Legal action aimed at stopping luxury lodge opening on FridayMaasai conservation group says venture blocks migration corridorMarriott says local developer had all necessary permitsDeveloper says assessment found site was not wildlife crossing pointTourism development is flashpoint in East Africa'...Reuters
Tue, Aug 12
Innovative Solutions and Support Inc expected to post earnings of 15 cents a share - Earnings Preview
Innovative Solutions and Support Inc ISSC.OQ ISSC.O is expected to report resultson August 14 for the period ending June 30 2025The Exton Pennsylvania-based company is expected to report revenue of $18.163 million, according to the mean estimate from 2 analysts, based on LSEG data.LSEG's mean...Reuters
Tue, Aug 12
TSMC to phase out 6-inch wafer production over two years
By Wen-Yee LeeTAIPEI, Aug 12 (Reuters) - Taiwan Semiconductor Manufacturing Co. (TSMC) 2330.TW will phase out its 6-inch wafer manufacturing business over the next two years and continue consolidating its 8-inch wafer production capacity to improve efficiency, the company said on Tuesday.The decisio...Reuters
Tue, Aug 12
Chicago Atlantic BDC Inc expected to post earnings of 36 cents a share - Earnings Preview
Chicago Atlantic BDC Inc LIEN.OQ LIEN.O is expected to show a rise in quarterly revenue when it reports results on August 14 for the period ending June 30 2025The New York City-based company is expected to report a 4,395.7% increase in revenue to $13.083 million from $291 thousand a year ago, acc...Reuters
Tue, Aug 12
Bragg Gaming Group Inc expected to post a loss of 5 cents a share - Earnings Preview
Bragg Gaming Group Inc BRAG.TO is expected to show a rise in quarterly revenue when it reports results on August 14 for the period ending June 30 2025The Toronto Ontario-based company is expected to report a 11.2% increase in revenue to €27.651 million from €24.86 million a year ago, according t...Reuters
Tue, Aug 12
New Fortress Energy seeks SEC extension to file quarterly report
Aug 12 (Reuters) - New Fortress Energy NFE.O said on Tuesday it has applied to the U.S. Securities and Exchange Commission for more time to file its report for the quarter ended June 30, citing ongoing talks over additional credit support required under one of its debt agreements.Reuters
Tue, Aug 12
Mink Therapeutics Inc expected to post a loss of 55 cents a share - Earnings Preview
Mink Therapeutics Inc INKT.OQ INKT.O is expected to show no change in quarterly revenue when it reports results on August 14 for the period ending June 30 2025LSEG's mean analyst estimate for Mink Therapeutics Inc is for a loss of 55 cents per share. The current average analyst rating on the ...Reuters
Tue, Aug 12
