Business

Brazil to provide $3.7 billion in credit for firms hit by US tariffs

Wednesday, July 22 by SRN News

BRASILIA, July 22 (Reuters) - The Brazilian government on Wednesday announced 18.5 billion reais ($3.66 billion) in financing for companies hit by U.S. tariffs, adding the resources will also target firms impacted by international conflicts. In a statement, the administration of President Luiz Inacio Lula... Read More.

CME profit tops estimates, CEO says ‘perps’ chatter overshadows results

Wednesday, July 22 by SRN News

By Pritam Biswas July 22 (Reuters) - CME Group beat Wall Street's second-quarter profit estimates on Wednesday, fueled by strong hedging demand, sending the derivatives exchange's shares up 6.1%. Meanwhile, the company's outgoing CEO, Terry Duffy, reiterated his criticism of perpetual futures, which are listed derivatives... Read More.

Aston Martin secures $735 million financing led by BlackRock-owned HPS Investment Partners

Wednesday, July 22 by SRN News

July 22 (Reuters) - Aston Martin has secured £550 million ($735.57 million) in new debt financing led by funds managed by BlackRock-owned HPS Investment Partners, it said on Wednesday, bolstering liquidity at the loss making luxury carmaker. The British company, known for its long association... Read More.

Paramount secures EU nod for $110 billion Warner Bros deal, US hurdles ahead

Wednesday, July 22 by SRN News

By Foo Yun Chee BRUSSELS, July 22 (Reuters) - Paramount Skydance Corp on Wednesday gained European Union antitrust approval for its $110 billion acquisition of Warner Bros Discovery after agreeing to ditch a film distribution joint venture with Universal Pictures. The European Commission, which acts as... Read More.

OpenAI blamed a hacking event on its AI models going rogue. Here are some things to know

Wednesday, July 22 by SRN News

ChatGPT maker OpenAI says it is still investigating the "unprecedented cyber incident" that led its artificial intelligence systems to break out of a testing environment and hack into another AI company. OpenAI said Tuesday two of its most capable AI models were responsible for the... Read More.

Texas Instruments forecasts quarterly revenue above estimates

Wednesday, July 22 by SRN News

July 22 (Reuters) - Texas Instruments forecast quarterly revenue above analysts' estimate on Wednesday, signaling a recovery in industrial chip demand and growing momentum for its AI data center chips. The analog chipmaker expects third-quarter revenue to be between $5.65 billion to $6.15 billion,... Read More.

Comic-Con 2026: Marvel returns to Hall H and ‘Spaceballs’ sequel hype begins

Wednesday, July 22 by SRN News

SAN DIEGO (AP) - The Avengers appear set to return to Hall H as Marvel Studios uses Comic-Con International to build hype for the December release of "Avengers: Doomsday" - and chart a path forward as audience interest in superhero films has waned. That panel... Read More.

Demand for critical minerals fuels conflict but could help resource-rich nations, WTO says

Wednesday, July 22 by SRN News

UNITED NATIONS (AP) - Surging global demand for critical minerals should be "a once-in-a-lifetime chance" for resource-rich countries in Africa and elsewhere to harness wealth and improve life for millions - but it has too easily triggered violence and poverty, the head of the... Read More.

Exclusive-Panama weighs creation of state-owned miner to pave way for Cobre Panama re-opening

Wednesday, July 22 by SRN News

By Divya Rajagopal TORONTO, July 22 (Reuters) - Panama is considering creating a state-owned mining firm to partner with Canada's First Quantum on the re-opening of the shuttered flagship Cobre Panama copper mine, two people familiar with the development told Reuters. The mine, one of the... Read More.

Ford and Geely strike deal for EV production at Spanish plant, ABC reports

Wednesday, July 22 by SRN News

LISBON/MADRID, July 22 (Reuters) - Ford Motor and China's Geely have struck a landmark deal under which the U.S. automaker will sell part of its Almussafes plant near Valencia, paving the way for Geely to manufacture electric vehicles in Spain, ABC newspaper reported on... Read More.

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Current Weather

Brazil to provide $3.7 billion in credit for firms hit by US tariffs

CME profit tops estimates, CEO says ‘perps’ chatter overshadows results

Aston Martin secures $735 million financing led by BlackRock-owned HPS Investment Partners

Paramount secures EU nod for $110 billion Warner Bros deal, US hurdles ahead

OpenAI blamed a hacking event on its AI models going rogue. Here are some things to know

Texas Instruments forecasts quarterly revenue above estimates

Comic-Con 2026: Marvel returns to Hall H and ‘Spaceballs’ sequel hype begins

Demand for critical minerals fuels conflict but could help resource-rich nations, WTO says

Exclusive-Panama weighs creation of state-owned miner to pave way for Cobre Panama re-opening

Ford and Geely strike deal for EV production at Spanish plant, ABC reports

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