) forecast profit for its next fiscal year above market estimates and said it was exploring options for its Cylance business, sending shares of the Waterloo, Ont.-based company 4.7 per cent higher on Wednesday.
The Canadian firm said it plans to increase capital allocation to its secure communications and internet of things businesses, as both of them are profitable and key growth drivers. The company is in the process of separating the IoT and cybersecurity businesses into fully independent divisions. In July, Blackberry appointed insider Tim Foote as its finance chief.
The Vancouver-based firm said GM will acquire a 38-per-cent asset-level ownership stake in Thacker Pass for US$625-million, which includes US$430-million of direct cash funding to support the construction of Phase 1 and a US$195-million letter of credit facility.Earlier this year, the U.S. Department of Energy had planned to lend Lithium Americas up to US$2.26-billion to build the Thacker Pass lithium project, which holds enough of the battery metal to build 1 million electric vehicles annually.
Manara, a joint venture between Saudi Arabian mining company Ma’aden and its US$925-billion Public Investment Fund, is in advanced talks to acquire between 15-per-cent and 20-per-cent equity in the Zambian assets, the sources said. The stake could be worth between US$1.5-billion and US$2-billion, sources told Reuters.
Manara has emerged as a front runner for the purchase as the Saudi firm’s strategy to acquire a minority interest fits with First Quantum’s aim to retain a majority stake in the mines, said the sources, who did not wish to be quoted as they are not authorized to speak with media. Morgan Stanley benefited from a “constructive environment,” CEO Ted Pick said in a statement. “Institutional securities saw momentum in the markets and underwriting businesses on solid client engagement.”
“We are seeing a rise in equity capital markets activity led by financial sponsors, not only for IPOs in the U.S. but also in Europe,” Morgan Stanley CFO Sharon Yeshaya said in a phone interview. U.S. Bancorp’s net interest income, the difference between what banks pay customers on deposits and earn as interest on loans, was US$4.14-billion for the quarter ending Sept. 30, above analysts’ expectation of US$4.04-billion, according to estimates compiled by LSEG.The banking industry increased provisions for losses from bad loans as high interest rates heighten the risk of default on mortgages and credit-card debt by borrowers.
United said it expects an adjusted profit of US$2.50 to US$3 per share in the quarter through December. Analysts expect the company to report a quarterly profit of US$2.68 a share, according to LSEG data. U.S. airlines have moderated capacity since then. Annual domestic seat growth has slowed to 1.5 per cent in October and November from 5.5 per cent in July, according to analysts at BofA.
It reported a profit of US$1.49 per share. Analysts were expecting the company to report a profit of US$1.41 per share.) closed down 1.7 per cent after saying it produced lower-than-expected gold in the third quarter because of a fall in output at its Carlin and Cortez mines in Nevada. Interfor chief executive Ian Fillinger says the decision to exit its Quebec operations was influenced by recent developments that have restricted the availability of economic fibre, including record forest fires in 2023.
The sale does not include any countervailing or anti-dumping duty deposits related to the ongoing U.S.-Canada softwood lumber trade dispute.) products sold in China should be subject to a security review, the Cybersecurity Association of China said on Wednesday, alleging the U.S. chipmaker has “constantly harmed” the country’s national security and interests.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »