Newsletter
Glencore´s copper smelter in Australia to be operating beyond 2022
Glencore will spend A $ 500 million ($ 356 million) to extend the life of its copper smelter and refinery in the Australian state of Queensland beyond 2022 after reaching a funding agreement with the state government, both parties said Wednesday. The global …
Spotify and Snapchat profit from analyst update announcement
Citing the low valuations of Internet stocks, Guggenheim upgrades Snap (NYSE: SNAP) from Neutral to Buy and increases its target price from $ 22 to $ 28. Spotify (NYSE: SPOT) has been upgraded from Sell to Neutral, increasing its target price from $ 230 to $ …
Polyus takes over 100% of large pre-stage gold project
Russia's largest gold producer, PJSC Polyus (LSE: PLZL), announced Wednesday that it will be buying up the license holder for the Sukhoi Log deposit, SL Gold Limited, for approximately $ 128.2 million. Polyus' stake in Sukhoi Log will increase from 78% to …
CTT Pharma is suing Aurora for business damage
Canadian cannabis giant Aurora Cannabis, Inc. (TSX: ACB) is being sued for allegedly breaking a contract with life science company CTT Pharmaceutical Holdings, Inc. (OTC: CTTH) SUED. On Thursday, CTT Pharma, Inc., a wholly-owned Canadian subsidiary, filed a …
In Canada, illegal cannabis is still ahead of legal
Legal cannabis spending in Canada has not dwarfed the country's still thriving illegal market, which probably accounts for about two-thirds of the country's total spending. That's what Nick Pateras, an industry veteran, says, who questions the latest official …
Devon Energy will take over large shale oil company in Delaware
US oil and gas producer Devon Energy Corp (N: DVN) said Monday that it would buy Permian Basin-based peer WPX Energy Inc (N: WPX) for $ 2.56 billion because of its presence in the Delaware portion of the productive shale field. The deal comes about as U.S. …
AT&T announces new ad-sponsored phone plan
AT&T GmbH (NYSE: T) plans to offer its customers new ways to cut their bills by up to $ 10 a month by offering cellular plans that are partially paid for through ads. In a recent interview, AT&T CEO John Stankey shared some insight into how advertising can …
Aurora sets big hopes in the new CEO
While forest fires rage in the Pacific Northwest, former Promise licensed producer Aurora Cannabis, Inc. (TSX and NYSE: ACB) is desperately fighting its own financial fire. In a series of statements, the company reported $ 1.8 billion in impairment losses on …
Siemens Spinoff Siemens Energy with strong trading debut
Siemens Energy (OTCPK: SIEGY) shares opened lower than expected on their first day of trading on the Frankfurt Stock Exchange, one of the largest European stock exchanges in recent years. Shares in Siemens Energy - which makes gas turbines and power …
Deutsche Bank Traders entangled in gold price manipulation scandal
In an effort to clean up trading activity in the precious metals markets, the US authorities won an important victory on Friday after two former employees of Deutsche Bank traders were found guilty of manipulating gold and silver prices. On Friday, a federal …