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Seplat Energy awards shares to executive directors under 2024 LTIP
Seplat Energy granted 235,572 shares to its CEO under a three-year performance plan, with COO and CFO receiving 164,784 and 156,741 shares respectively. Awards align with deferred bonus policies and performance criteria.
Europe’s EV sales surge to 20.7% market share on high fuel costs, incentives
Battery-electric car registrations in Europe rose 40.4% in H1 and reached 20.7% of all new sales, driven by record fuel prices, state subsidies and cheaper models. France and Germany posted shares above 30% and 29% respectively.
US stocks mixed as Nvidia, Iran tensions weigh; SMI edges lower
Dow ekes out gains while S&P 500 and Nasdaq 100 retreat; Nvidia faces scrutiny ahead of earnings. SMI slips 0.26% as ABB, Roche weigh.
Guardant Health hit with $245.2 mln patent infringement judgment
Federal court orders Guardant Health to pay over $245 million in damages and royalties for infringing TwinStrand Biosciences' sequencing patents, with ongoing 6% royalty rate until 2033.
Moody’s affirms Philippines’ Baa2 rating with stable outlook
Rating agency cites fiscal consolidation efforts and resilient funding access as key strengths, while warning of debt affordability pressures and climate risks.
Martin Marietta closes $2B limestone reserves deal with Lhoist North America
Acquisition adds over 2 billion tons of reserves to Martin Marietta’s portfolio, expanding its lime and limestone business. Financial terms remain undisclosed.
Solstice Gold expands Strathy project with Leckie Zone acquisition
The deal adds 24 hectares of patented claims and 9.4 km² of non-patented claims to the Strathy Gold Project, bringing total holdings to 57 km². Consideration includes $600,000 cash and 2 million shares.
Applied Optoelectronics shares slump 12% on $600M stock sale plan
Optical-networking firm’s latest at-the-market offering sparks pre-market selloff, extending August losses to 17% amid ongoing dilution concerns despite strong revenue growth.
Startups continue buying startups at high pace in 2026
More than 440 venture-backed startups have acquired others in the first half of 2026, with AI and fintech firms leading the trend. Deal flow remains robust despite a slight dip in overall counts.
Vision Marine signs non-binding reverse takeover deal with unmanned systems firm
Aiming to shift into autonomous systems, Vision Marine Technologies will merge with an undisclosed private company in a deal requiring $25 million in financing and $100 million in purchase orders by 2027.
nVent to buy Maverick Power for $1.75 billion in data center push
Deal expands nVent’s power infrastructure portfolio with low- and medium-voltage switchgear for data centers. Financing includes bridge loan from Bank of America.
Germany adds six banks to EU crypto licensing register under MiCA
German cooperative banks lead EU-wide crypto licensing with 79 authorized providers after latest ESMA register update. France and Netherlands follow with 35 and 29 CASPs respectively.
Xiaomi unveils three XRING AI chips to bolster ecosystem
New chips target smartphones, EVs and robotics with edge AI and 3nm ADAS capabilities. Goldman Sachs highlights premiumization and cost benefits.
German logistics tycoon Klaus-Michael Kuehne dies at 89
Founder of Kuehne + Nagel, one of Germany's wealthiest investors, transformed the company into a global logistics leader before stepping back in 2011.
Hedge funds cut equity exposure at fastest pace in two months
Goldman Sachs Prime Services desk reduced global stock bets at a 2.3 standard-deviation pace, led by technology liquidations, while energy was the sole net buyer.
Eli Lilly's weight-loss pill Foundayo launches in UK, priced at £100-120
The oral GLP-1 treatment, orforglipron, is the second weight-loss pill in the UK after Novo Nordisk's Wegovy. It is available via private prescription while awaiting NHS and EU assessments.
Exxon to automate half of Permian drilling fleet by 2028 in output push
Oil major targets 2.5 million boepd in Permian by 2030 as robotic rigs cut costs and injuries. Automated fleet expansion follows early success with two robotic rigs.
Michael Burry exits Alibaba for JD.com amid valuation shifts
Burry's full exit from Alibaba follows a $10.2 billion share placement at an 8.4% discount, while JD.com trades at a lower multiple and higher free-cash-flow yield. Analysts project divergent margin trajectories through 2030.
Siegfried shares fall 5.3% after UBS downgrade to Neutral
Swiss drugmaker’s stock drops to CHF 76 after UBS cuts rating and price target, citing slower-than-expected US business ramp-up and back-loaded 2026 growth concerns.
Volkswagen faces pivotal restructuring amid cost cuts and capacity reviews
CEO Oliver Blume seeks to slash costs, reduce models and lift margins to 8-10% by 2030 as worker and political resistance mounts. Key German plants and jobs at risk.
DAX holds above 26,000 as investors await Nvidia and Fed cues
German blue-chip index steadies near 26,134 points after Friday’s rebound, but faces resistance toward record highs amid key macro and earnings events this week. Semiconductor and auto shares lag while materials gain.
Nucor shares rise 2.6% on US-Canada steel tariff deal
Nucor surged in pre-market trading after a tentative deal between the U.S. and Canada proposed lowering tariffs on Canadian steel and aluminum exports to 25%.
Inwit shares rise 1.7% after Barclays upgrade to above average
Barclays upgraded Inwit to above average, citing excessive pessimism in contract renewal assumptions. Cellnex also upgraded as European tower stocks rebound.
EUR/USD hits 1.1700, highest since May, as dollar weakens
Euro gains ground on improving eurozone data and US Treasury bond buyback expansion, while technical levels suggest limited upside ahead of key US economic releases this week.