Scotiabank Cedes Operations in Deal with Davivienda, To Take $1.7B In Losses
The Bank of Nova Scotia (TSX: BNS), commonly known as Scotiabank, announced an agreement to transfer its banking operations in Colombia, Costa Rica, and Panama to Davivienda, a prominent Latin American financial institution. In exchange, Scotiabank will acquire approximately a 20% ownership stake in Davivienda’s newly expanded operations. The agreement, which includes the sale of […]
Verses AI Raises $20 Million From AI-Focused Institutions
Verses AI (CBOE: VERS) has officially secured funding from artificial-intelligence focused investors. The firm this morning revealed it has entered into an arrangement to raise $20 million from AI-focused institutions along with certain existing investors under a unit offering.
Osisko Gold Royalties Reports Prelim Q4 Production Of 20,005 GEOs
Osisko Gold Royalties (TSX: OR) this morning released preliminary results for its fourth quarter. The company reported that it saw production of 20,005 attributable gold ounces during the quarter. Preliminary revenues for the quarter came in at $79.3 million, while cost of sales, excluding depletion, is estimated as having come in at $3.1 million, leading […]
CanAlaska Announces $12.5 Million Exploration Program At West McArthur
CanAlaska Uranium (TSXV: CVV) is planning for a strong start to 2025, announcing this morning two major exploration programs across its properties. The exploration campaigns are headlined by a planned program at the West McArthur joint venture with Cameco, where CanAlaska has indicated it will conduct a $12.5 million exploration program this year. The program, […]
GFL Sells Majority Interest In Environmental Services Segment For $6.2 Billion
GFL Environmental (TSX: GFL) has entered into an arrangement to sell off a majority interest in one of its two operating segments. The sale, which is to occur at a valuation that “significantly exceeds management’s initial expectations,” will see the company dispose of its Environmental Services business segment at a $8.0 billion valuation. The transaction […]
Disney to Take 70% Stake in Fubo Live TV Merger
Walt Disney Co (NYSE: DIS) and FuboTV Inc (NYSE: FUBO) announced plans to combine their online live TV operations on Monday, forming North America’s second-largest digital pay-TV provider with 6.2 million subscribers. Disney will maintain 70% ownership of the new venture, which will continue to operate under both the Fubo and Hulu + Live TV […]
Bitcoin’s Decline Is Exposing Cracks in MicroStrategy’s Strategy
MicroStrategy (NASDAQ: MSTR), a company once known for its business intelligence software, has become a lightning rod for controversy as its transformation into a Bitcoin investment vehicle shows signs of unraveling. Spearheaded by co-founder and executive chairman Michael Saylor, the firm’s aggressive bet on Bitcoin has redefined its identity, tying its fortunes to the cryptocurrency’s […]
Tensions Mount at Barrick Gold Subsidiary in Tanzania
The North Mara gold mine in Tanzania, operated by a subsidiary of Barrick Gold Corporation (NYSE: GOLD), has become a flashpoint for violence and controversy. Recent court disclosures and affidavits reveal the extent of ongoing tensions between local villagers and the mining operation, shedding light on allegations of abuse, economic losses, and the challenges of […]
Elon Musk Sets His Sights On Influencing UK, German Politics
Is he already bored with Trump?
China’s Iron-Ore Imports to Break Records in 2025 Amid Steel Sector Struggles
China’s iron-ore imports are on track to reach unprecedented levels in 2025, even as the nation grapples with a prolonged property crisis that continues to suppress steel demand. Analysts and traders suggest that strategic stockpiling of inexpensive iron ore is driving the trend, underscoring China’s position as the world’s largest iron-ore consumer. The imports are […]