Canada’s annual inflation rate climbed to 3.1% in September, nudged upward by rising oil prices that pushed energy costs higher. Statistics Canada reported the 0.1 percentage point increase on Monday, a rise that remained slightly cooler than the 3.2% acceleration many economists had forecast for the month.
Todd Abbott has been appointed managing director of Tamboran Resources, adding a board seat to his existing duties as chief executive officer. The natural gas firm confirmed the transition on Monday, signaling a shift in governance as the company pivots from exploration to the development of its Beetaloo Basin assets.
Daniel Brown is set to take the helm at Expand Energy on October 26, moving from his recent post at Chord Energy to lead the Spring, Texas-based natural gas producer. His appointment marks a definitive end to the company’s interim leadership period following the departure of Domenic Dell’Osso earlier this year.
A 960-megawatt nuclear energy project is under evaluation for a former coal site in Sullivan County, Indiana, as American Electric Power and X-Energy join forces. Amazon has stepped in to bankroll the early development, signaling a long-term commitment to purchase the facility's output to power its operations.
TTM Technologies is set to acquire the Ophir Optics business from MKS for $650 million in cash, a move designed to deepen its footprint in the defense and industrial sectors. The transaction, slated to close in the second quarter of 2027, marks a significant expansion for the firm’s imaging and sensor capabilities.
A potential $1.1 billion windfall awaits Hong Kong-based Metis TechBio after the biotech firm struck a strategic partnership with Eli Lilly. The agreement centers on leveraging artificial intelligence to engineer advanced lipid nanoparticles, aiming to refine how specific therapies reach their intended biological targets within the human body.
Michael Lou has assumed the roles of president and chief executive officer at Chord Energy, stepping into the position immediately following the departure of Danny Brown. The leadership transition coincides with a significant upward revision of the company’s third-quarter production outlook, driven by stronger-than-anticipated well performance.
Chorus Aviation is set to acquire SkyCare Air Ambulance, the leading private fixed-wing operator in Northern Ontario, in a deal valued at C$40 million. The move signals a strategic pivot for the Canadian holding company as it targets growth across its specialized aerospace and defense platforms.
Veon will acquire Rubicon Wireless for approximately $207 million, a deal designed to cement the telecommunications giant’s presence in Central Asia. By absorbing the mobile network operator, Veon aims to bolster its infrastructure in Uzbekistan, a territory the firm identifies as a primary engine for its long-term regional growth.
Eight in ten children with moderately to severely active ulcerative colitis responded to treatment with Eli Lilly’s Omvoh during a late-stage clinical trial. The study, involving patients aged 6 to 17, reached its primary endpoint by demonstrating significant clinical and endoscopic improvement over a 52-week observation period.
Two undisclosed operators have committed $550 million to Transocean for deepwater drilling projects in the Gulf of Mexico and Equatorial Guinea. The awards, announced Monday, extend the company's backlog significantly, with operations scheduled to commence between the first and third quarters of 2027 using the Deepwater Proteus and Deepwater Conqueror rigs.
A 49% surge in net interest income propelled Fifth Third Bancorp to an $866 million profit in the third quarter, signaling the financial impact of its recent Comerica acquisition. The parent company reported earnings of 90 cents a share, exceeding adjusted expectations of $1.10 per share when excluding one-time items.
Tungsten sits at the intersection of advanced manufacturing, semiconductor technologies and geopolitics, and our clients are increasingly seeking to hedge their exposure and improve price transparency, said Jin Hennig, managing director and global head of metals at CME Group, announcing the exchange's move to launch dedicated tungsten futures.
The euro hit a 16-month low against sterling and a three-month trough against the Swiss franc on Monday, as escalating civil unrest in France and looming fiscal instability spooked currency traders. The single currency dropped 0.3% against the dollar to $1.1210, reflecting deepening anxiety over the eurozone's economic trajectory.
A 23% surge in output at the Cosala operations during the third quarter has pushed Americas Gold & Silver closer to its full-year production targets. The company reported 800,458 ounces of silver for the period, bolstered by steady development across its Mexican assets and the Galena complex in Idaho.
With shares down 51% over the past year, EssilorLuxottica prepares to report third-quarter revenue of 7.37 billion euros on Tuesday. The Franco-Italian eyewear giant is banking on its latest Meta-partnered smartglasses to drive performance, even as the company navigates mounting regulatory pressure regarding consumer privacy and data transparency.
Shares of Quantinuum jumped 3.8% to $37.93 in premarket trading Monday after reports surfaced that the firm successfully addressed a persistent technical hurdle in quantum architecture. The breakthrough puts the company on a projected trajectory to deliver fully reliable quantum computing systems by the end of the decade.
Violent street protests across France have sent government bond yields climbing, as investors weigh the Macron administration’s struggle to balance a fragile budget against rising civil unrest. While French debt underperformed European peers on Monday, U.S. Treasury yields retreated as the market recalibrated expectations for Federal Reserve policy.
The Jakarta Composite Index shed 5.4% in early trading Monday, collapsing to its lowest level since 2020 after MSCI Inc. signaled a potential reclassification of Indonesia from an emerging market to standalone status. This move threatens to strip the nation of its inclusion in critical global equity benchmarks.
A cooling appetite for artificial intelligence infrastructure hit Asian markets on Monday, as investors shifted focus from robust demand to the mounting costs of the AI build-out. The regional downturn followed a sharp sell-off on Wall Street, where the Philadelphia Semiconductor Index recently dropped 3.8%.
Oil prices slumped in Asian trade Monday, dragging U.S. Treasury yields down from recent multidecade peaks. While September inflation data exceeded forecasts, investor focus is pivoting toward the broader economic drag of elevated borrowing costs and the long-term viability of debt-fueled artificial intelligence spending.
A global clinical trial for risvutatug rezetecan, a lung-cancer therapy licensed by GSK from China's Hansoh Pharmaceutical Group, has yielded a 61% objective response rate. Patients receiving the treatment experienced measurable tumor shrinkage or complete disappearance, reinforcing the drugmaker's strategy to fast-track its development for advanced malignancies.
Malaysia’s consumer prices rose by 1.8% in September, falling short of the 2.0% growth projected by economists. This deceleration from August’s 1.9% increase reflects a cooling trend in the domestic market, even as analysts warn that persistent geopolitical tensions could soon reverse the current trajectory of price stability.
OpenWorld has finalized a definitive merger agreement to acquire Blocksight, an agentic AI startup specializing in the automation of real-world asset tokenization. The deal, which follows an initial disclosure on October 1, aims to integrate Blocksight’s autonomous agents into the OpenWorld Enterprise platform to streamline high-volume asset management.
A marginal improvement in housing costs across 70 major Chinese cities suggests that state-led interventions are beginning to gain traction. Prices dipped 0.14% in September, a slight recovery from the 0.17% slide recorded in August, as Beijing intensifies efforts to stabilize a sector long plagued by stagnation and buyer hesitation.
Shares of Australian investment manager Challenger jumped to their highest level since 2018 after confirming an unsolicited takeover approach from Daiichi Life Group. The Japanese insurer, already the firm's largest shareholder with a 21% stake, proposed an acquisition valuing the remaining equity at 7.97 billion Australian dollars, or US$5.54 billion.
A Lytton Refiner Margin of US$23.92 per barrel—more than double the previous year's levels—propelled Ampol’s third-quarter earnings higher. Despite significant maintenance work at its Queensland refinery and ongoing geopolitical instability in the Middle East, the company leveraged tight fuel supplies and an integrated supply chain to bolster its quarterly performance.
A $80 million settlement fund will resolve a class action lawsuit filed against Conduent following a 2025 data breach. The company disclosed the agreement in a Friday filing with the Securities and Exchange Commission, earmarking the capital to cover legal fees and credit-monitoring services for affected individuals.
A $369 million acquisition plan between financial services firm Enova International and digital lender Grasshopper Bancorp has collapsed. The companies confirmed the mutual termination of their merger agreement, which was originally announced in December and intended to fold the 2019-founded bank into Enova’s broader corporate structure as a subsidiary.
A 10-for-1 forward stock split at BUUU Group has signaled a shift in capital structure, while WidePoint faces a leadership transition following the announcement that CFO Robert George will step down upon the completion of the company’s upcoming quarterly financial reporting.
