Shares of Rainbow Rare Earths have surged after the company announced it has entered an option agreement with TechMet. This agreement grants TechMet the right to invest $50 million in Rainbow's Phalaborwa rare earths project in South Africa. At 0825 GMT, shares were up 14% at 15.5 pence, an increase of 1.9 pence. According to Rainbow Rare Earths, this option agreement allows … [Read more...] about Rainbow Rare Earths Secures $50 Million Investment for Phalaborwa Project
Investment
South Korean Semiconductor Stocks Surge
South Korean semiconductor stocks experienced significant gains on Tuesday as foreign investors showed strong demand, driven by increasing optimism for a recovery in memory-chip prices. Chipmakers Samsung Electronics and SK Hynix Lead the Way Shares of chipmakers Samsung Electronics and SK Hynix outperformed the benchmark Kospi index, rising 3.1% and 4.8% respectively, while … [Read more...] about South Korean Semiconductor Stocks Surge
Exor Acquires 15% Stake in Philips
Exor Acquires 15% Stake in Philips, Investing Over $2.8 Billion Italian investment company Exor and Royal Philips have announced a new relationship agreement that will see Exor acquire a 15% stake in the Dutch health-technology company for an undisclosed sum. The investment is estimated to be worth around €2.58 billion ($2.82 billion). Exor, which holds investments in various … [Read more...] about Exor Acquires 15% Stake in Philips
Arena Group Holdings Sees Surge in Stock Price as Founder of 5-Hour Energy Takes Majority Stake
Arena Group Holdings is experiencing a significant boost in its stock price following the acquisition of a majority stake by the founder of the popular caffeine beverage brand, 5-Hour Energy. In premarket trading, the stock has surged by 18% to reach $4. However, it's worth noting that shares had experienced a 68% decline year-to-date prior to this development. In an … [Read more...] about Arena Group Holdings Sees Surge in Stock Price as Founder of 5-Hour Energy Takes Majority Stake
SoftBank Group Corp. in Talks to Purchase 25% Stake in Arm Ltd.
SoftBank Group Corp. is reportedly in discussions to acquire the 25% stake in chip designer Arm Ltd. currently held by its Vision Fund 1. This comes ahead of Arm's highly anticipated initial public offering (IPO). According to Reuters, SoftBank, which already owns 75% of Arm, is negotiating a deal with VF1, the $100 billion investment fund it established in 2017. The potential … [Read more...] about SoftBank Group Corp. in Talks to Purchase 25% Stake in Arm Ltd.
