Author: Lucas

Middle Eastern miners guaranteed Indian supplies. Refiners have begun talks with the Middle East’s biggest producing countries to replace Russian crude hit by U.S. sanctions, which now accounts for about a third of the Indian market.As Bloomberg reports, top executives from state-owned Indian refineries met representatives of Saudi Aramco and Abu Dhabi National Oil, the state-owned oil companies of Saudi Arabia and the UAE, which together produce more than 13 million bpd. The talks took place on the sidelines of an energy conference in Abu Dhabi last week, agency sources said. According to them, the Middle Eastern producers guaranteed the…

Uber Technologies UBER released its third-quarter earnings report on Nov. 4. Here’s Morningstar’s take on Uber’s earnings and stock.Key Morningstar Metrics for Uber TechnologiesWhat We Thought of Uber Technologies’ Q3 EarningsUber’s third-quarter earnings exceeded management’s forecast for 20% growth in bookings. The firm estimates similar growth for the next quarter and only a 100-basis-point increase in adjusted operating margin, which we suspect is the primary reason for the shares selling off.Why it matters: Despite what we see as an uneven economic recovery, where lower-end consumers have poor sentiment, Uber is capturing demand with low-cost formats, strengthening its network effect. Autonomous…

BANGKOK (AP) — Thailand said it has indefinitely paused implementation of a U.S.-brokered ceasefire until Cambodia apologizes for a land mine explosion Monday that injured four Thai soldiers at their border.Thai Prime Minister Anutin Charnvirakul visited the injured troops at the border Tuesday as the Thai army accused Cambodia of laying new mines in violation of the truce agreement Thailand and Cambodia signed last month. Territorial disputes between the Southeast Asian neighbors led to five days of combat in late July that killed dozens of soldiers and civilians. Others have been injured by land mine explosions before and after July’s…

By Fabiana Negrin Ochoa Elliott has confirmed a “significant investment” in Toyota Industries, making the disclosure in a statement that also said a privatization proposal received by the Japanese company underestimates its value. The activist investor said Tuesday said it has been sharing its views about the tender offer–made by Toyota Fudosan–with the management of Toyota Industries, as well as its board and other constituents. Toyota Fudosan, a real-estate arm of the Toyota group, said in June that it would set up an entity aimed at acquiring shares of forklift-maker Toyota Industries for 16,300 yen, equivalent to about $114.22 apiece…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A massive rally in the price of gold and silver this year has sparked talk of a debasement trade — the idea that precious metals are a hedge against governments eroding the value of their fiat currencies. For some of gold’s largest end consumers, however, the rally may be an incentive to pursue a more literal type of debasement: a reduction in the gold content of products. Jewellers have been attempting to counter spiralling costs by changing designs to use less of…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Indonesia is considering issuing its first “panda bonds” next year, as China works to expand the renminbi’s role in international finance and steps up de-dollarisation efforts. The Indonesian finance ministry is still discussing the terms of the renminbi-denominated debt sale, according to two people familiar with the matter. Indonesia’s interest in panda bonds — renminbi borrowing by overseas issuers in mainland Chinese markets — comes as Beijing promotes the use of its currency in international trade and financing to gain global influence and…

Swan Defence and Heavy Industries Limited (SDHI), India’s largest shipbuilding and heavy fabrication company, has signed a Letter of Intent (LoI) with European ship owner and operator Rederiet Stenersen AS for construction of 6 (six) nos IMO Type II chemical tankers, each of 18,000 DWT capacity. The LoI marks a defining moment for India’s shipbuilding export, covering six vessels valued at approximately $220 million, with an option for additional six ships to follow under the same class, the company said in a press release. The vessels will be built at SDHI’s facility in Pipavav, Gujarat. The vessels will be designed…

Hot on the heels of a 300 per cent share price surge and a fresh $7 million raise, American West Metals has debuted on the US OTCQB Venture Exchange under the ticker AWMLF.The OTCQB Venture Exchange, operated by OTC Markets Group, provides a regulated share trading platform for more than 12,000 US and international securities. The exchange is designed to offer emerging companies a cost-effective and transparent way to access American financial markets, giving investors better visibility and liquidity.The company views the move as a pivotal step in anchoring itself at the centre of America’s critical minerals revival. It comes…

“This move also demonstrates our ongoing commitment to making improvements which enhance the customer journey wherever possible, acting on feedback from our valued brokers”- Angela Norman – YBS Commercial YBS Commercial Mortgages has expanded its buy-to-let offerings with a new Fast Track range, now available to borrowers. The Fast Track products feature lower rates, a more streamlined process, and reduced documentation requirements, designed for straightforward, lower-risk buy-to-let cases backed by experienced portfolio landlords. The service is intended for properties of standard construction, with an Energy Performance Certificate (EPC) rating between A and C, and a minimum unit size…

BOSTON, Nov. 10, 2025 (GLOBE NEWSWIRE) — Vor Biopharma Inc. (Nasdaq: VOR), a clinical-stage biotechnology company dedicated to transforming the treatment of autoimmune diseases, today announced the pricing of an underwritten public offering of 10,000,000 shares of its common stock at a public offering price of $10.00 per share. The gross proceeds from the offering are expected to be $100 million, before deducting the underwriting discounts and commissions and offering expenses. The offering is expected to close on or about November 12, 2025, subject to customary closing conditions. In addition, Vor Bio has granted the underwriters a 30-day option to…