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Pacific Assets Trust shareholders approve liquidation scheme
Shareholders of Pacific Assets Trust plc have approved a liquidation scheme, with 99.62% of votes cast in favor. The scheme involves the reclassification of shares and the appointment of joint liquidators.
KBR Announces LaRouche as CEO for $5B Spinoff Trinzic
Trinzic, a planned $5B spinoff from KBR’s Mission Technology Solutions, will launch as a publicly traded entity in January 2027 with Michael LaRouche as CEO.
Vistry Group Reports £30M H1 Loss, Restructuring Charges Hit Shares
Vistry Group’s H1 2026 loss of £30 million and strategic charges pushed shares down 5.45% after CEO Adam Daniels announced cost-cutting measures and a shift toward simplified operations.
Swiss Finance Minister Calls UBS Exit Unlikely Despite Capital Rule Row
Karin Keller-Sutter says the bank's business model depends on Switzerland and that stricter capital rules are manageable, even as tensions with UBS remain high.
Singapore inflation rises to 2.3% YoY amid energy, transport and AI-driven demand pressures
Consumer prices climbed in August as energy costs, transport surges and AI-driven demand contributed to a 0.6% month-on-month increase, with core inflation at 2.2%.
Baozun Inc. authorizes $10 million share repurchase program
Chinese e-commerce company Baozun Inc. has authorized a share repurchase program of up to $10 million over the next 12 months, demonstrating confidence in its business outlook.
SNB Chief Backs Stricter Capital Rules for UBS
Swiss National Bank President Martin Schlegel supports the government's proposal for 100 percent equity coverage of UBS foreign subsidiaries, dismissing the bank CEO's criticism of authorities' handling of the Credit Suisse crisis.
Biodesix Expands MRD Testing Collaborations with Bio-Rad, Thermo Fisher
Biodesix Inc. advances molecular residual disease (MRD) testing programs with Bio-Rad Laboratories and Thermo Fisher Scientific, aiming to improve cancer detection via circulating tumor DNA analysis.
MediciNova Reports ALS Trial Completion, Eyes 2026 Topline Results
MediciNova Inc. concluded its double-blind phase of the COMBAT-ALS Phase 2b/3 trial, with 234 participants across U.S. and Canadian sites, aiming for FDA/EMA regulatory pathways for MN-166 (ibudilast).
Oil prices near $100/bbl as US-Iran diplomacy and Saudi supply risks weigh
Oil prices hovered around the $100 per barrel threshold, influenced by U.S.-Iran diplomatic developments and concerns over Saudi supply. Various energy deals and corporate actions also shaped the market.
China, U.S. agree to $30B tariff cut, launch AI dialogue
China and the U.S. have reached a $30 billion reciprocal tariff-reduction arrangement as part of an eight-point consensus during President Xi Jinping's visit to the U.S. They also agreed to establish a dialogue on AI risks and benefits.
Kuehne+Nagel projects double‑digit AI data‑center logistics growth to 2029
The Swiss logistics group expects sustained double‑digit expansion in its technology and data‑center services through 2029, driven by AI infrastructure spending and a new seven‑year deal with Amazon.
Ukraine Strikes Russian Oil Refinery as Drone Campaign Intensifies
Ukraine says it hit the Ilsky refinery in Krasnodar, killing three, as Moscow claims it shot down hundreds of drones overnight amid escalating attacks on Russian energy infrastructure.
United Airlines takes delivery of first Airbus A321XLR with Pratt & Whitney GTF Advantage engines
United Airlines has received its first Airbus A321XLR aircraft powered by Pratt & Whitney's GTF Advantage engines, marking the first GTF Advantage-powered aircraft in commercial service. The new engines offer enhanced durability and takeoff thrust capabilities.
Monzo in early talks to sell to Brazil's Nubank
The UK digital bank is discussing a potential acquisition by Latin American fintech Nubank, with advisors Morgan Stanley and Qatalyst involved. A deal could value Monzo at over £8 billion and combine cash and stock.
Boxabl Names Ex-EY Audit Partner as Audit Committee Chair
BOXABL Inc. announces the appointment of Timothy Goldsmith to its board, chairing the Audit Committee and joining the Nominating and Corporate Governance Committee.
Sequans Completes Bitcoin Sale, Reports 80% Product Revenue Growth
Semiconductor company Sequans Communications S.A. (NYSE: SQNS) sold its remaining 314 Bitcoin holdings, ending its cryptocurrency holdings. The company also reported an 80% year-over-year increase in second-quarter product revenue.
Bitcoin Drops Below $83K as Traders Price Four Fed Rate Hikes by June 2027
Rising Treasury yields and a stronger dollar weigh on crypto and gold amid expectations of prolonged monetary tightening.
Fervo Energy's Cape Station Achieves First Geothermal Power
Fervo Energy's Cape Station in Utah becomes first utility-scale enhanced geothermal system to synchronize with the grid and export power, marking a significant milestone for the company's renewable energy projects.
Germany funds quantum computing with €640 million program
The German government earmarks €640 million for quantum‑computer research as startups test superconducting, ion‑trap, neutral‑atom and topological qubits.
Federal Reserve Approves Merger of Peoples Bancorp and Citizens National
The Board granted approval for Peoples Bancorp Inc. to merge with Citizens National Corporation, allowing Peoples Bank to absorb Citizens Bank of Kentucky and operate its branches. The decision was announced on September 25, 2026.
European equities decline amid rising yields and geopolitical risks
Indices fell as bond yields rose, US economic data fueled fears of further Fed tightening, and sectoral weakness persisted.
LEM shares rise on 25% upside potential
Swiss electronics components manufacturer LEM's shares are surging, with analysts expecting further gains as the company's turnaround continues.
Hungary's central bank backs forint appreciation to aid disinflation
The National Bank of Hungary says a stronger forint can help meet its revised inflation target, noting limited impact on growth and no clear link to export performance.