Uranium mining in Canada accounts for 13 percent of global output, making the Great White North the second largest producer of uranium in the world, behind only Kazakhstan. Canada hosts 9 percent of the world’s uranium resources and is home to the biggest deposits of high-grade uranium. Their grades of…
Commodities giant Glencore (LSE:GLEN,OTC Pink:GLCNF) has submitted applications to place two of its flagship copper projects in Argentina under a new investment regime. The Switzerland-based firm is seeking to include the El Pachón deposit in San Juan and the Agua Rica deposit in Catamarca under Argentina’s recently introduced Incentive Regime…
Apple clinched a major win Monday after the U.S. government announced that the U.K. had agreed to drop its demand for the company to provide a “back door” granting officials access to users’ encrypted data. The iPhone maker won’t be alone to rejoice in the outcome. The development came after…
Shares of Lululemon Athletica fell around 3% to $197.80 in afternoon trading on Tuesday after Wells Fargo reduced its price target on the stock to $205 from $225. The brokerage said the repeal of the US de minimis customs exemption could dent the athletic wear maker’s profitability and margins.The exemption…
Viking Therapeutics Inc (NASDAQ: VKTX) reported new clinical data for its oral obesity drug – sending shares sharply lower as investors balked at tolerability concerns and dropout rates. The Phase 2 trial showed promising weight loss results, but a 28% discontinuation rate in the first three months triggered fears about…
A brutal rotation out of big tech sent a shockwave from Wall Street across the Pacific, setting Asian markets up for a sluggish and anxious start to the day. The Nasdaq 100 suffered its sharpest drop since the tariff shocks of April, a clear sign that investor nerves are fraying…
In a significant development for weight management, the Food and Drug Administration (FDA) announced Wednesday its approval of the first-ever glucose monitoring system designed specifically for weight loss, developed by the startup Signos. This approval introduces a new tool for Americans seeking to manage their weight.Current weight loss treatments, such as…
A nasty summer surprise has dealt a significant blow to the UK economy, as official data revealed on Wednesday. UK inflation unexpectedly accelerated in July, stoking fresh fears about the cost of living and all but extinguishing hopes for another interest rate cut this year from the Bank of England.The…
Shares of popular Labubu doll maker Pop Mart touched record highs on Wednesday following strong earnings results which saw the company reporting a 400% jump in net profit in the first half.The stock also got a boost from an upbeat guidance with the management saying it expected annual revenue to…
The fragile optimism that had buoyed European markets has been shattered, as a nasty inflation surprise from the UK and a wave of caution from Wall Street converged to send stocks into a broad retreat on Wednesday. The positive sentiment from this week’s Ukraine summit has evaporated, replaced by the…