A private investment group, the Kazakhstan-based iHolding, has signed a binding term sheet to purchase $100 million in newly issued Scilex Holding shares. The deal, priced at $15.00 per share, involves the acquisition of approximately 6.7 million shares to bolster the company's expansion into non-opioid pain management and medical technology.
Seeking to shrink its footprint in a legacy business, Unum Group has finalized a deal to transfer $3.8 billion in long-term care insurance policies to Fortitude Reinsurance. The move marks a significant shift for the insurer as it attempts to insulate its balance sheet from long-term liability volatility.
Faced with evolving retail operator restrictions in Ontario and British Columbia, cannabis firm High Tide has triggered a temporary shareholder rights plan. The move aims to insulate the company against unsolicited takeover bids while ensuring that any potential suitor meets provincial regulatory requirements for cannabis retail licensure.
Lindsay Corporation is increasing its quarterly cash dividend by a penny, pushing the payout to 38 cents per share. This adjustment, announced by the Omaha-based irrigation and infrastructure equipment manufacturer, reflects a commitment to shareholder returns following the close of Friday's market session.
Swiss private banking group J. Safra Sarasin has moved to acquire the remaining 28.7% stake in Saxo Bank from co-founder Kim Fournais, effectively bringing the Danish investment platform under total ownership. This consolidation follows the bank's initial purchase of a majority interest from Zhejiang Geely Holding Group and Mandatum last year.
With a $30 million deal, Waterloo-based DesCartes Systems Group is securing a foothold in Latin America by acquiring the Chilean logistics firm Drivin. The move aims to integrate specialized AI-driven routing and dispatch technology into the Canadian company’s existing fleet management portfolio while tapping into a rapidly expanding regional market.
A C$140 million capital injection from Peru-based Alpayana is set to reshape the ownership structure of Magna Mining, granting the private group a 19.9% stake in the Canadian firm. The deal, executed through a nonbrokered private placement, marks a significant bet on Sudbury’s copper and nickel assets.
Shares of Alarum Technologies plunged 56% to $2.80 in Monday’s premarket trading after the web data collection firm announced a sudden suspension of its NetNut network services. The move comes as the company scrambles to contain the fallout from a recent incident that has forced a significant reduction in operational capacity.
Ceva stock climbed 4.2% to $42.12 in Monday’s premarket session after the firm announced a licensing agreement with a major U.S. software and AI-platform developer. The deal marks a strategic shift for the company, which debuted on the public market last November at an initial price of $19.50 per share.
Swedish automotive safety giant Autoliv is scaling up its partnership with China's Great Wall Motor to accelerate the automaker’s international footprint. The companies, which first formalized their collaboration in 2023, now plan to align their operations across global supply chains and integrated safety technology development.
A 6.7% slide in Besi Semiconductor shares on Monday reflects growing market anxiety over the adoption timeline for its hybrid bonding technology. Investors are reacting to reports that major memory chip producers, including Samsung Electronics and SK Hynix, are reconsidering the necessity of this high-end manufacturing process for their latest chip stacks.
A shifting landscape for British television took a definitive turn as Comcast-owned Sky announced its intent to purchase ITV’s media and entertainment division. The deal, valued at up to 1.6 billion pounds, marks a strategic consolidation of two major U.K. broadcasters facing the relentless migration of audiences toward global streaming platforms.
A 76 million yen net loss marks the fiscal year for Take & Give. Needs Co. Ltd., a sharp reversal from the 3.55 billion yen profit reported in the previous period. The Tokyo-listed wedding service provider saw its annual revenue contract to 35.71 billion yen, down significantly from 47.67 billion yen.
Altech Co. Ltd. reported a dramatic turnaround for the six months ending May 31, posting a net profit of 301 million yen compared to 52 million yen in the same period last year. This sharp increase in bottom-line performance marks a significant shift for the Japanese firm amid fluctuating revenue figures.
A modest upward drift characterized early trading sessions, with S&P 500 futures climbing 0.4% and the Stoxx Europe 600 adding 0.1%. While equity markets sought direction, investors pivoted away from sovereign debt, driving yields on 10-year U.S. Treasurys and German Bunds slightly lower as commodity prices faced renewed selling pressure.
Karula Co. Ltd. saw its net profit plummet to 16.00 million yen for the first quarter ending May 31, a sharp contraction from the 80.00 million yen reported during the same period last year, despite a modest uptick in overall top-line revenue for the Japanese firm.
Norwegian Air Shuttle carried 2.4 million passengers in June, marking a 1.2% increase compared to the same period last year. The uptick follows a steady climb from May’s 2.25 million, signaling robust momentum as the carrier prepares for the peak travel season across its Nordic and European networks.
Driven by a robust surge in annual revenue, Mitachi Co. Ltd. posted a net profit of 2.13 billion yen for the fiscal year ending May 31, 2026. This performance marks a significant climb from the 1.70 billion yen recorded in the previous fiscal period, reflecting stronger overall financial momentum for the firm.
Yakuodo Holdings saw its first-quarter net profit slip to 998 million yen, down from 1.11 billion yen during the same period last year. Despite the decline in bottom-line earnings, the Japanese retailer reported a notable expansion in top-line revenue, which climbed to 44.04 billion yen against 39.41 billion yen a year prior.
Nextage Co. Ltd. saw its net profit more than double for the half-year ending May 31, reaching Y8.88 billion compared with Y4.27 billion during the same period last year. The Japanese retailer reported a significant surge in overall financial performance, fueled by a sharp rise in top-line revenue.
Escrow Agent Japan Inc. posted a net profit of 68 million yen for the first quarter ending May 31, a sharp turnaround from the 11 million yen loss recorded during the same period last year. The company’s financial performance reflects rising demand as revenue climbed to 1.25 billion yen.
Kyokuto Co. Ltd. reported a dip in net profit to 273 million yen for the first quarter ending May 31, down from 306 million yen during the same period last year. The Japanese firm’s latest financial results reflect a broader contraction in revenue and operating margins compared to 2025.
A dramatic 18-fold surge in quarterly operating profit is projected for Samsung Electronics, as the South Korean giant prepares to release its preliminary second-quarter results this Tuesday. Analysts anticipate the company will report 85.054 trillion won, fueled by an insatiable global appetite for its advanced memory chips.
French banking giant Credit Agricole has aggressively ramped up its ownership in Italy’s Banco BPM, reaching a 29.3% stake through a combination of open-market share acquisitions and derivative instruments, signaling a deepening commitment to its expansion strategy within the competitive Italian retail and commercial banking landscape.
Tokyo-based real estate developer Tosei Corp reported a significant rise in half-year net profit to 13.81 billion yen for the period ending May 31, up from 12.23 billion yen during the same timeframe last year, as the company leveraged stronger revenue streams under IFRS accounting standards.
A decision by seven OPEC+ nations to increase crude output by 188,000 barrels per day in August sent oil futures into retreat during Monday’s Asian trading session. The move marks the fifth consecutive monthly production boost for the group, fueling market anxieties regarding a potential global supply surplus.
Global oil prices dipped Monday morning after the OPEC+ coalition committed to an additional 188,000 barrels per day starting in August. This fifth consecutive monthly production increase, spearheaded by Saudi Arabia and Russia, arrives alongside a notable recovery in tanker traffic through the critical Strait of Hormuz.
Moving 2.67 million metric tons of grain through Western Canada, Canadian National Railway has eclipsed its previous June record set four years ago. This surge in volume highlights a resilient supply chain performance, even as severe regional rainfall threatened to disrupt logistics across the rail network throughout the month.
A 500 million Canadian dollar federal commitment to the Red Chris copper-gold project sent Imperial Metals shares climbing 6% on Friday. The funding, part of a new cooperative agreement between Ottawa and British Columbia, accelerates the development of a block cave expansion designed to extend the mine's lifespan by 14 years.
Following a 13% climb in stock value throughout 2026, Paramount Resources is preparing to re-enter the market. The Canadian energy producer secured approval from the Toronto Stock Exchange to repurchase up to 10% of its public float, signaling a major move to consolidate equity starting this July.
