Teck Resources Ltd. will spin off its steelmaking coal business and simplify its share structure in a sweeping overhaul that is likely to make the Canadian miner an attractive target for larger rivals.
Blumhouse Productions plans to make a few original games a year.
Polygon Labs, the operator of an eponymous protocol used by developers to make Ethereum transactions quicker and cheaper, has cut 20% of its workforce, or around 100 employees, as part of a consolidation of business units.
Sigma Lithium Corp. soared in Canadian trading on Tuesday on news that Tesla Inc. has been weighing a takeover of the battery-metals miner amid rampant demand for the materials needed to power electric vehicles.
Home Depot Inc. shares fell after the home-improvement retailer forecast a fiscal-year profit decline alongside plans for a $1 billion wage investment for hourly workers.
With international sanctions on Russia’s diesel shipments now in place for more than two weeks, the early signs are that they are having at least some of the desired effect.
Saudi Arabia will deposit $1 billion in Yemen’s Aden-based central bank to help stabilize the local currency, a senior official at the bank told Bloomberg.
China’s internet firms are revving up efforts to outdo each other since Beijing began to wind back its bruising crackdown on the tech sector, spurring an abrupt surge in competition that’s threatening margins and spooking investors.
Iran has introduced fresh restrictions on foreign currency sales after a rush on euros and dollars weakened the rial to an all-time low of 500,000 against the greenback.
The surge in technology stocks that’s caused renewed losses for short sellers this year looks to be running out of steam, encouraging bears to maintain their bets against long-time targets such as Tesla Inc., Apple Inc. and Meta Platforms Inc.
