Markets Desk

Business & Markets · October 24, 2026

Strike begins at Highland Valley Copper; Teck says output is reduced

Teck confirmed the walkout and said the mine is still operating at reduced capacity. The company has not quantified the output change, and the duration of the labor action remains uncertain.

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Archival aerial photograph of Highland Valley Copper and its tailings dam on Aug. 5, 2012; it does not depict the 2026 strike or current operations.
Archival aerial photograph of Highland Valley Copper and its tailings dam on Aug. 5, 2012; it does not depict the 2026 strike or current operations.File photo: Alvestrand / Wikimedia Commons (CC BY-SA 3.0; resized) · file details · CC BY-SA 3.0; aerial photograph of Highland Valley Copper and its tailings dam, Aug. 5, 2012; archival context only and unrelated to the 2026 strike; resized without other alteration.

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Business & Markets · October 23, 2026

LSEG agrees to buy Octus for $3.535 billion in credit-data push

The deal would expand LSEG’s reach in illiquid and private credit as it invests in proprietary data and workflow tools. Completion is expected in the first half of 2027, subject to regulatory approval.

Reporting draws on 2 named sources.

Business & Markets · October 13, 2026

South Korea’s KOSPI drops 5.46% as chip rout revives AI trade concerns

Reports of faster progress by China’s CXMT and broader doubts about AI investment returns were cited as pressures on chip shares. The session shows how concentrated the Korean benchmark is in technology; it does not prove AI demand or chip earnings have turned down.

Reporting draws on 5 named sources.

Business & Markets · October 12, 2026

IMF nudges up growth forecast but warns energy and debt buffers are thinning

The October World Economic Outlook expects 3.1% growth in 2026 and 3.4% in 2027. The small upgrade depends on AI investment and assumptions about energy flows; the Fund says growth is increasingly concentrated and risks could still pull output lower.

Reporting draws on 4 named sources.

Business & Markets · October 8, 2026

TSMC quarterly sales jump 50%, top July guidance

The quarter total comes from monthly sales reports. TSMC has not yet released quarterly profit, margins or a new outlook.

Reporting draws on 7 named sources.

Business & Markets · October 7, 2026

Fed minutes show most officials expected another rate hike this year

The newly released record shows unanimous support for September’s quarter-point increase and broad concern that inflation had stalled above target. It describes the September discussion, not a decision on the next move.

Reporting draws on 2 named sources.

Business & Markets · October 7, 2026

Weston family agrees to buy Boots in $8.9 billion deal

The agreement would give the Weston family’s Canadian holding company operational control, with Fairfax expected to own half the equity after closing. Regulatory and other conditions remain.

Reporting draws on 4 named sources.

Business & Markets · October 7, 2026

Micron's Taoyuan union wins strike mandate after 88% vote

The union is pressing for a permanent share of operating profits. It says it will discuss next steps after Micron's Oct. 8–9 board meeting; a planned Oct. 19 rally is not a strike.

Reporting draws on 5 named sources.

Business & Markets · October 7, 2026

Anduril plans $3.7 billion Maryland yard for submarine parts

The proposed facility would add a new supplier to a strained submarine industrial base. Its $3.7 billion private investment, a separate Navy contract ceiling and conditional public incentives are distinct commitments.

Reporting draws on 9 named sources.

Business & Markets · October 6, 2026

U.S. trade gap widens to $105.6 billion as imports jump

Imports rose $17.2 billion, led by industrial supplies and capital goods. The year-to-date deficit was still down 19.9% from the same period in 2025.

Reporting draws on 3 named sources.

Business & Markets · October 6, 2026

Uber agrees to buy ezCater for $2.3 billion

The purchase would add group and workplace meal orders to Uber Eats. Uber says ezCater generated $2.5 billion in gross bookings over the past year, a company-reported figure rather than revenue.

Reporting draws on 4 named sources.

Business & Markets · October 6, 2026

BD ties $19 billion U.S. investment package to future tariff relief

The medical-device maker says it will add about five billion domestic medical consumables a year and make all needles for U.S. use with American steel. Those production targets are company commitments, while the tariff deal's financial value is still unknown.

Reporting draws on 3 named sources.

Business & Markets · October 5, 2026

Cenovus agrees to buy Athabasca in C$5.7 billion deal

The boards approved a cash-and-stock offer expected to close in December, subject to shareholder, court and regulatory approvals. Cenovus forecasts C$5 billion to C$5.5 billion in year-end net debt after the purchase, while Reuters reported the stock fell as much as 5.3% during Monday trading.

Reporting draws on 3 named sources.

Business & Markets · October 4, 2026

Schneider Electric signs $22.6 billion deal to buy PTC

A signed merger agreement replaces earlier reports of uncertain talks. The all-cash transaction would extend Schneider’s industrial software portfolio, but it still depends on shareholder and regulatory approvals.

Reporting draws on 9 named sources.

Business & Markets · October 4, 2026

OPEC+ holds November oil quotas steady as Gulf supply remains strained

The producers made no new quota increase for November. Reuters says the seven countries were already pumping well below their ceilings as the Iran war disrupted exports and delayed a review that will shape 2027 quotas.

Reporting draws on 2 named sources.

Business & Markets · October 2, 2026

G7 agrees to a 100 million-barrel oil release, with diesel front-loaded

The agreement also calls for higher refinery utilization where feasible and no energy export restrictions among G7 members. How much diesel reaches markets—and whether the 100 million barrels are additional to the March pledge—remains unsettled in the public record.

Reporting draws on 7 named sources.

Business & Markets · September 30, 2026

Micron posts a record $54 billion quarter as AI memory demand accelerates

Core data-center revenue topped $18 billion, more than 11 times its year-earlier level. Micron's next-quarter outlook points higher still, while the company cautions that supply remains tight and margins may ease from exceptional levels.

Reporting draws on 5 named sources.

Business & Markets · September 30, 2026

SEC votes to propose wider retail access to private-market strategies

The package would widen performance-fee eligibility, reshape interval-fund repurchases and permit multiple share classes at regulated closed-end funds. Separately, the SEC is seeking comment on professional credentials as a route to accredited status. The measures are proposals, not rules in effect.

Reporting draws on 4 named sources.

Business & Markets · September 30, 2026

Bank of England says financial risks are more interconnected

The committee says markets and UK banks remain resilient, but warns that sovereign debt, risky asset valuations and credit stress could reinforce one another. It kept the countercyclical capital buffer at 2%.

Reporting draws on 2 named sources.

Business & Markets · September 30, 2026

AT&T signs fiber supply deal with Corning worth more than $3 billion

The companies did not disclose delivery volumes by year. AT&T says the agreement supports its goal to extend fiber access by the end of 2030; the goal is not a commitment that every location will be connected.

Reporting draws on 5 named sources.

Business & Markets · September 30, 2026

New York Fed’s Williams sees room for another rate hike, but no rush

The New York Fed president’s remarks describe his own conditional forecast, not an FOMC decision. He cited persistent inflation risks tied to energy and AI-related demand after September’s quarter-point increase.

Reporting draws on 3 named sources.

Business & Markets · September 29, 2026

U.S. consumer confidence falls to lowest level since 2014

Both the present-situation and expectations measures weakened. The survey captures views through Sept. 23, but sentiment is not a direct measure of household spending.

Reporting draws on 4 named sources.

Business & Markets · September 24, 2026

Fed proposes reserve and capital rules for stablecoin issuers

The proposals would require eligible issuers to fully back payment tokens with permitted assets and set a separate approval path for banks. No final rule was adopted Thursday.

Reporting draws on 2 named sources.

Business & Markets · September 24, 2026

SoftBank sets $11.1 billion bond terms to fund OpenAI stake

The planned high-yield issue carries rates as high as 9.75% on dollar notes; the company expects to issue the debt September 29 and close the OpenAI payment October 1.

Reporting draws on 2 named sources.

Business & Markets · September 23, 2026

U.S. business survey hits five-year high as costs accelerate

New orders and hiring strengthened, but supply delays and rising input prices complicate the inflation outlook. The early survey reading is a signal, not a GDP result.

Reporting draws on 2 named sources.

Business & Markets · September 23, 2026

U.S. IPO proceeds top $137 billion in first half, SEC says

Offerings rose 16% from a year earlier, while proceeds climbed nearly fivefold; the SEC's detailed data show that a few large transactions account for much of the increase.

Reporting draws on 3 named sources.

Technology & Science · September 13, 2026

OpenAI rules out 2026 IPO as AI safety debate intensifies

Altman cited the work required on safety and alignment, while the companies' public debate over pacing comes amid continued reporting on Anthropic's potential public offering.

Reporting draws on 5 named sources.

Business & Markets · September 10, 2026

TSMC August revenue hits record NT$514.8 billion

The monthly sales release puts the chipmaker's January-through-August revenue at NT$3.38 trillion, 39.3% above the same period last year.

Reporting draws on 4 named sources.

Business & Markets · September 6, 2026

China plans $54 billion capital push for state banks and insurers

The announced bank placements and insurer injections are intended to replenish core capital, strengthen solvency and support lending, but most remain planned transactions rather than completed funding.

Reporting draws on 2 named sources.

Business & Markets · August 17, 2026

Goldman Sachs agrees to acquire NEOS in active-ETF expansion

The transaction would keep the NEOS team and fund tickers in place while extending Goldman's push into active exchange-traded funds; closing still depends on shareholder and other approvals.

Reporting draws on 3 named sources.

Business & Markets · August 15, 2026

CME outlines futures tied to Nvidia GPU rental costs

The planned contracts would give AI developers, cloud providers and investors a public way to hedge compute prices. The original launch timetable is an announcement, not confirmation that trading began.

Reporting draws on 5 named sources.

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