Ams-OSRAM aims to raise over €2 billion to address heavy debt burden and improve its financial standing, using various methods including capital increase and bond sales. Investors react unfavorably, while European stock markets exhibit mixed performance.
Stocks in the Asia-Pacific region show mixed performance, with some indices growing while others decline. Get updates on specific companies and sectors.
Bradda Head Lithium shares surge 18% following updated estimates for lithium resources in Arizona, triggering a $2.5 million payment. Chairman optimistic about project's future potential.
Anheuser-Busch InBev (BUD) stock declined by 1.62% in a mixed trading session, marking its seventh consecutive day of losses.
Canada's population has reached a historic high, experiencing remarkable growth driven by immigration. This surge poses challenges and has implications for various sectors of society.
French energy company TotalEnergies plans to enhance shareholder distributions, expand oil-and-gas production, and increase low-carbon portfolio to achieve growth. They aim to return cash flow to shareholders, invest in renewables, and focus on liquefied natural gas.
London-listed gold mining company, Panthera Resources, sees shares drop 24% after Indian high court ruling. Company plans to pursue claim for treaty violation compensation.
Inner Mongolia plans to issue special refinancing bonds to repay government debt owed to companies issued before 2018. Beijing considers issuing special treasury bonds to assist local governments with infrastructure projects and debt repayment. Provincial governments have submitted their own plans to Beijing for risk mitigation.
Big-box retail chain Target will close nine stores due to safety concerns over organized retail theft. Affected locations include New York, Seattle, San Francisco, Oakland, and Portland. Target prioritizes the safety of its team and customers, implementing security measures and providing transfer opportunities for eligible employees.
The airline sector is experiencing a widespread selloff as concerns grow over the impact of a government shutdown and falling ticket prices. Domestic-focused airlines hit hardest, while other carriers also face declines.