TAIPEI: Taiwan Semiconductor Manufacturing Company (TSMC) reported a 39.1% jump in third-quarter profit on Thursday, setting a new record as robust demand for artificial intelligence chips continued to drive growth. The world’s largest contract chipmaker posted net income of NT$452.3 billion ($14 billion), beating LSEG SmartEstimates of NT$417.69 billion. Revenue rose 30.3% year-over-year to NT$989.92…
TrivarX to acquire brain imaging tech from Nucleics
SYDNEY: TrivarX Ltd (ASX: TRI) said on Thursday it will acquire the intellectual property for Stabl-Im™, a novel brain cancer imaging technology, from Australian biotech firm Nucleics Pty Ltd, in a deal aimed at expanding its diagnostics portfolio into neuro-oncology. The Perth and Minneapolis-based company has entered a binding option agreement to acquire 100% of…
Renegade Exploration expands Nevada footprint with Fireball Ridge gold-silver project option
PERTH: Renegade Exploration Ltd (ASX:RNX) said on Thursday it has secured an option over the Fireball Ridge gold-silver project in Nevada, marking its fifth acquisition in the state’s prolific Walker Lane Trend. The Fireball Ridge project, located about 80 km northeast of Reno, is an advanced-stage asset with a history of mining activity dating back…
Liberty Metals secures Brazilian critical minerals portfolio with rutile and rare earths focus
SYDNEY: Liberty Metals Ltd (ASX: LIB) has entered into a binding option agreement to acquire three district-scale critical mineral projects in Brazil, marking a strategic expansion into one of the world’s Tier 1 mining jurisdictions. The portfolio includes the Paraiba Hard Rock Rutile Project, the Rio Grande Heavy Mineral Sands (HMS) Project, and the Alcobaca…
Apple unveils MacBook Pro, iPad Pro, and Vision Pro devices, all powered by a new in-house M5
Apple Inc on Wednesday unveiled refreshed versions of its MacBook Pro, iPad Pro, and Vision Pro devices, all powered by a new in-house M5 chip that the company says significantly boosts performance, particularly for artificial intelligence tasks. The new lineup, available for pre-order immediately and set to go on sale October 22, is Apple’s latest…
Young Germans are investing in stocks and ETFs instead of real estate
BERLIN: A profound generational shift is underway in Germany, a nation long known for its conservative financial habits and a deep-seated love for Betongold (concrete gold), or real estate. The newest generation of investors, Gen Z and Millennials, are boldly turning away from traditional assets and embracing the stock market as their primary vehicle for long-term wealth…
Pakistan grants power agency new role in market overhaul, caps legacy contracts
ISLAMABAD: Pakistan’s power regulator has approved the registration of the Central Power Purchasing Agency (CPPA-G) as a Special Purpose Agent (SPA), a key step in the country’s long-delayed electricity market reforms, but curtailed its future role by strictly limiting it to managing pre-existing contracts. The decision, detailed in a determination by the National Electric Power…
ASML posts €7.5 billion in Q3 net sales, projects 15% full-year growth
VELDHOVEN: ASML Holding NV (ASML) reported third-quarter net sales of €7.5 billion and net income of €2.1 billion, in line with its guidance, as the Dutch semiconductor equipment maker continues to benefit from strong demand in advanced lithography and AI-driven chip production. Gross margin for the quarter came in at 51.6%, with net bookings totaling…
Pennpetro signs heads of terms to acquire Ukrainian oil and gas licence
LONDON: Pennpetro Energy Plc (LSE: PPP), a UK-based energy company focused on strategic energy projects, announced Wednesday it has signed Heads of Terms to acquire 100% of the Limnytskyi oil and gas exploration licence in western Ukraine. The acquisition will be made through a newly incorporated Polish holding company. The Limnytskyi licence spans 172 square…
Oakley Capital invests in premium padel equipment brand NOX
LONDON: Oakley Capital, a leading pan-European mid-market private equity investor, announced that Oakley Origin Fund II is investing in NOX, a premium padel equipment brand. Oakley is partnering with founder Jesús Ballvé and GPF Partners, who together will retain a significant minority stake in the business. Founded in 2008 in Barcelona, Spain, NOX has become…
Hercules plc has acquired Lyons Power Services
LONDON: Hercules plc (AIM: HERC), a leading technology-enabled labour supply company for the UK infrastructure and construction sectors, has acquired a 70% shareholding in Warrington-based Lyons Power Services Ltd , a specialist UK and overseas provider of power and energy infrastructure services. The transaction is for a total consideration of £702,800 to be satisfied half…
Dalaroo Metals expands West African gold portfolio with Cote D’Ivoire acquisition
PERTH: Dalaroo Metals Ltd (ASX: DAL) announced Wednesday it will acquire four advanced gold exploration permits in Côte d’Ivoire, West Africa, marking a strategic expansion into one of the continent’s most prospective gold provinces. The acquisition includes two granted tenements and two applications totaling 1,368 square kilometers across the Birimian Greenstone Belts. The permits—Djekanou, Yamoussoukro,…