News
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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 gradually exit 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 dec...Reuters
Tue, Aug 12
Fennec Pharmaceuticals Inc expected to post a loss of 4 cents a share - Earnings Preview
Fennec Pharmaceuticals Inc FENC.OQ FENC.O is expected to show a rise in quarterly revenue when it reports results on August 14 for the period ending June 30 2025The Research Triangle Park North Carolina-based company is expected to report a 31.0% increase in revenue to $9.516 million from $7.26 m...Reuters
Tue, Aug 12
DIARY-Political and General News Events from August 12
Aug 12 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY ---------...Reuters
Tue, Aug 12
Kefir-maker Lifeway Foods Q2 sales rises, expects 2025 to mark strongest annual sales in its history
OverviewLifeway Foods Q2 net sales rises, beating analyst expectations, per LSEG dataNet income for Q2 beats analyst estimatesOutlookCo says unaudited estimated net sales for Q3 to date through August 11, 2025, reached $26.4 millionLifeway reiterates long-term target of $45–$50 mln Adjusted EBITDA f...Reuters
Tue, Aug 12
Former Fed bank president Bullard says he's talked with Bessent
Aug 12 (Reuters) - Former St. Louis Federal Reserve Bank President James Bullard, asked Tuesday if he was under consideration for the position of Fed chair, said he spoke with Treasury Secretary Scott Bessent last week and told him that he'd be "happy to proceed however they want to proceed....Reuters
Tue, Aug 12
Safe Bulkers, Inc. Announces Sale Of A 2006-Built Kamsarmax Class Dry-Bulk Vessel
Aug 12 (Reuters) - Safe Bulkers Inc SB.F:SAFE BULKERS, INC. ANNOUNCES SALE OF A 2006-BUILT KAMSARMAX CLASS DRY-BULK VESSELSAFE BULKERS INC - SELLS MV PEDHOULAS MERCHANT FOR $11.5 MILLIONSAFE BULKERS INC - AGGREGATE ORDERBOOK CONSISTS OF SIX VESSELS UNTIL 2027Reuters
Tue, Aug 12
Brazil's Natura Sees Less Favorable Business Environment Ahead
Aug 12 (Reuters) - Natura &Co Holding SA NATU3.SA:SEES HIGH PROBABILITY OF COMPLETING SALE PROCESS OF AVON INTERNATIONAL WITHIN 12 MONTHS: CEOSEES LESS FAVORABLE BUSINESS ENVIRONMENT AHEAD, WITH CONSUMPTION SLOWING IN BRAZIL AND UNDER PRESSURE IN MEXICO: CEOMEXICO GROSS MARGINS EXPECTED TO STABI...Reuters
Tue, Aug 12
China Demands Companies To Halt Nvidia Chip Orders Over Security Concerns- The Information
Aug 12 (Reuters) - CHINA DEMANDS COMPANIES TO HALT NVIDIA CHIP ORDERS OVER SECURITY CONCERNS- THE INFORMATIONCHINA’S INTERNET REGULATOR ORDERED BYTEDANCE, ALIBABA GROUP, TENCENT HOLDINGS TO SUSPEND THEIR PURCHASES OF NVIDIA CHIPS- THE INFORMATIONCHINA REGULATOR TOLD COMPANIES NEW CHIP PURCHASES TO ...Reuters
Tue, Aug 12
Anthropic offers AI chatbot Claude to US government for $1
Aug 12 (Reuters) - Amazon.com-backed AMZN.O Anthropic said on Tuesday it will offer its Claude AI model to the U.S. government for $1, joining a growing list of artificial intelligence startups proposing lucrative deals to win federal contracts. This comes days after OpenAI's ChatGPT, Goog...Reuters
Tue, Aug 12
Privacy-focused smartphone maker Unplugged to start US assembly in Nevada
'UP Phone' to have software suite for privacy featuresCompany partners with refurbishing firm for Nevada assemblyUnplugged aims to keep 'UP Phone' under $1,000By Akash SriramAug 12 (Reuters) - Smartphone startup Unplugged said on Tuesday it will start assembling its privacy-focused &...Reuters
Tue, Aug 12
Robot dog in Mexico teaches animal kindness on the streets
By Alberto Fajardo and Mariana HernandezMONTERREY, Mexico, Aug 12 (Reuters) - He walks, he talks, he runs and he plays. He's “Waldog,” an AI-powered robot that is making the rounds in the northern city of Monterrey, Mexico to raise awareness about animal abuse and welfare. With a metallic, frien...Reuters
Tue, Aug 12
Ukraine successfully tests Starlink's direct-to-cell technology
Aug 12 (Reuters) - Ukraine's largest mobile operator Kyivstar has successfully conducted the first field test of Elon Musk's Starlink direct-to-cell satellite technology in Eastern Europe, the company said on Tuesday.The pilot test took place in the Zhytomyr region using Starlink's direc...Reuters
Tue, Aug 12
First Majestic Silver Corp expected to post earnings of 2 cents a share - Earnings Preview
First Majestic Silver Corp AG.TO is expected to show a rise in quarterly revenue when it reports results on August 14 for the period ending June 30 2025The Vancouver British Columbia-based company is expected to report a 107.8% increase in revenue to $283 million from $136.17 million a year ago,...Reuters
Tue, Aug 12
Ecolab to acquire Ovivo unit for $1.8 billion to enhance water tech amid AI-driven cooling demand
Aug 12 (Reuters) - Ecolab ECL.N said on Tuesday 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 demand for advanced microchips and AI grows.Water consumption in data centers has increased significa...Reuters
Tue, Aug 12
Palvella Therapeutics Inc expected to post a loss of 74 cents a share - Earnings Preview
Palvella Therapeutics Inc PVLA.OQ PVLA.O is expected to report resultson August 14 for the period ending June 30 2025LSEG's mean analyst estimate for Palvella Therapeutics Inc is for a loss of 74 cents per share. The current average analyst rating on the shares is "buy" and the breakdo...Reuters
Tue, Aug 12
Aya Gold & Silver Inc expected to post earnings of 5 cents a share - Earnings Preview
Aya Gold & Silver Inc AYA.TO is expected to show a rise in quarterly revenue when it reports results on August 14 for the period ending June 30 2025The Ville Mont Royal Quebec-based company is expected to report a 163.2% increase in revenue to $36 million from $13.68 million a year ago, acco...Reuters
Tue, Aug 12
Soccer-Palace mull legal steps after losing appeal over Europa League demotion
LONDON, Aug 12 (Reuters) - Crystal Palace said on Tuesday they are seeking legal advice on possible next steps after the Court of Arbitration for Sport dismissed the club's appeal against UEFA's decision to demote them from the Europa League to the Conference League.European soccer's gov...Reuters
Tue, Aug 12
Advanced Flower Capital Inc expected to post earnings of 23 cents a share - Earnings Preview
Advanced Flower Capital Inc AFCG.OQ AFCG.O is expected to show a fall in quarterly revenue when it reports results on August 14 for the period ending June 30 2025The West Palm Beach Florida-based company is expected to report a 53.5% decrease in revenue to $8.545 million from $18.38 million a yea...Reuters
Tue, Aug 12
Data Storage Corp expected to post earnings of 10 cents a share - Earnings Preview
Data Storage Corp DTST.OQ DTST.O is expected to show a rise in quarterly revenue when it reports results on August 14 for the period ending March 31 2025The Melville New York-based company is expected to report a 0.8% increase in revenue to $8.3 million from $8.24 million a year ago, according to...Reuters
Tue, Aug 12
