Category: Latest News
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Turkey set to formalise joint exploration agreement with Chevron
Turkey is preparing to sign a joint oil and gas exploration agreement with Chevron (NYSE:CVX) next month, according to the country’s energy minister. Speaking in an interview with broadcaster APara, Alparslan Bayraktar said that “these agreements with international companies will continue,” underlining Turkey’s strategy of deepening cooperation with global energy groups. Bayraktar added that, once…
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Microsoft strikes high-profile sponsorship deal with Mercedes F1
The Mercedes Formula One team has unveiled a major new commercial partnership with Microsoft (NASDAQ:MSFT), announced on Thursday at the launch of the team’s W17 car for the forthcoming Formula One season. Under the agreement, Microsoft’s branding will feature prominently on key areas of the car, including the airbox and the front wing, standing out…
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Commerce Bancshares edges past Q4 forecasts as revenue hits record
Commerce Bancshares, Inc. (NASDAQ:CBSH) posted fourth-quarter results on Thursday that came in just ahead of market expectations, helped by record revenue supported by both interest income and fees. The regional lender reported earnings of $1.01 per share for the quarter, slightly above the $1.00 consensus forecast. Shares were little changed in after-hours trading following the…
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Alibaba shares jump on report of potential IPO for AI chip arm
Alibaba Group Holding (NYSE:BABA) shares climbed after a report said the group is preparing the ground for a possible public listing of its semiconductor unit, aiming to tap strong investor demand for challengers to Nvidia in the rapidly expanding AI accelerator market. According to Bloomberg News, Alibaba’s first step would be to reorganize the chip…
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TMC shares climb after landmark deep-seabed mining permit filing
TMC the metals company (NASDAQ:TMC) shares jumped about 7% on Thursday after the company submitted what it says is the first consolidated application for deep-seabed mining under a new process overseen by National Oceanic and Atmospheric Administration (NOAA), a move that materially expands the area covered by its expected commercial recovery permit. The application, filed…
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Abbott shares slide after Q4 revenue comes in short, outlook disappoints
Abbott Laboratories (NYSE:ABT) shares fell about 4.8% after the company reported fourth-quarter results that met earnings expectations but fell short on revenue, alongside weaker-than-expected guidance for the first quarter. Abbott delivered adjusted earnings per share of $1.50 for the quarter, in line with analyst forecasts. Revenue totaled $11.46 billion, however, missing the $11.8 billion consensus…
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OFG Bancorp posts Q4 earnings and revenue beat on solid core performance
OFG Bancorp (NYSE:OFG) reported stronger-than-expected fourth-quarter results on Thursday, with both earnings and revenue coming in ahead of market forecasts. The financial holding company for Oriental Bank delivered earnings per share of $1.27 for the quarter, beating the analyst consensus of $1.15. Revenue reached $185.4 million, topping expectations of $184.17 million. Fourth-quarter EPS rose 16.4%…
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Venture Global jumps after arbitration ruling goes its way in Repsol dispute
Venture Global (NYSE:VG) shares rallied about 9% on Thursday morning after the company disclosed a favourable arbitration outcome in its long-running dispute with Repsol LNG Holding, S.A.. The International Chamber of Commerce International Court of Arbitration issued a final award on January 21, 2026, concluding that a Venture Global subsidiary acted as a “Reasonable and…
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Huntington Bancshares tops Q4 forecasts, but shares dip on deal-related costs
Huntington Bancshares Incorporated (NASDAQ:HBAN) reported fourth-quarter adjusted earnings on Thursday that came in ahead of analysts’ expectations, though its shares slipped in pre-market trading as investors weighed the impact of acquisition-related charges. The bank’s stock fell 2.40% before the open, despite adjusted earnings per share of $0.37 beating the consensus estimate of $0.33. On a…
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Northern Trust tops Q4 forecasts on stronger trust fees and margin expansion
Northern Trust Corporation (NASDAQ:NTRS) reported fourth-quarter results on Thursday that came in ahead of market expectations, helped by solid growth in trust fees and higher net interest income. The group posted net income of $466 million for the quarter, equivalent to $2.42 per diluted share, beating the consensus estimate of $2.36. Shares were up 0.27%…