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19.08.25 - 15:03
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SoftBank Buys $2 Billion In Intel Stock Days After Trump Admin Considers 10% Stake (ZeroHedge)
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SoftBank Buys $2 Billion In Intel Stock Days After Trump Admin Considers 10% Stake
SoftBank Group is making a surprise $2 billion investment in struggling chipmaker Intel, buying shares at $23 apiece. The move comes just days after the White House began exploring a 10% stake in Intel, mirroring the U.S.-Nippon Steel deal and MP Materials, where the federal government secured "golden shares."
Bloomberg first reported the SoftBank deal to purchase $2 billion worth of Intel shares at $23 apiece. The news sent Intel up 6% in New York premarket trading, pushing shares into the $25 handle. Year-to-date, the stock is up 18% after bottoming near $20 - this is a level not seen since 2013. Shares last peaked above $64 in 2021.
"For more than 50 years, Intel has been a trusted leader in innovation," SoftBank CEO Masayoshi Son wrote in a statement. He added, "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expan...
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19.08.25 - 10:24
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Japan Steel Industry Urges Govt to Close Anti-Dumping Loopholes (Nippon)
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Tokyo, Aug. 19 (Jiji Press)--The Japan Iron and Steel Federation and other industry groups have urged the government to establish a system soon to prevent the exploitation of "loopholes" that allow Chinese steel to avoid anti-dumping duties. The groups emphasized the growing need for countermeasures amid increasing pressure from Chinese steel exports to Japan. They claimed that efforts t......
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14.08.25 - 13:03
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Oroco Congratulates Hudbay Minerals Inc. (GlobeNewswire EN)
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VANCOUVER, Canada, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Vancouver, CANADA. – August 14th, 2025 – Oroco Resource Corp. (TSX-V: OCO; OTCQB: ORRCF) (“Oroco” or “the Company”) extends its congratulations to Hudbay Minerals Inc. (“Hudbay”) for its agreement with Mitsubishi Corporation (“Mitsubishi”) announced on August 13th 2025, whereby Mitsubishi will acquire a 30% interest in Hudbay's Copper World project in Arizona for consideration of US$600 million, structured as US$420 million at closing for a 30% equity interest, and $180 million as a matching contribution within 18 months of closing....
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13.08.25 - 12:03
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Hudbay Announces $600 Million Strategic Investment from Mitsubishi Corporation for 30% Joint Venture Interest in Copper World (GlobeNewswire EN)
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TORONTO, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM) is pleased to announce that Mitsubishi Corporation (“Mitsubishi”) has agreed to acquire a 30% interest in Copper World LLC, a wholly-owned subsidiary of Hudbay which owns the fully-permitted Copper World project in Arizona (“Copper World”) for an initial cash contribution of $600 million, comprising $420 million as consideration for a 30% equity interest in Copper World at closing and $180 million as a matching contribution within 18 months of closing (the “JV Transaction”). The JV Transaction is subject to the satisfaction of customary closing conditions. All dollar amounts are in U.S. dollars, unless otherwise noted....
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12.08.25 - 10:01
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2 Dead, at Least 10 Injured in Explosion at U.S. Steel Facility (Nippon)
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New York, Aug. 11 (Jiji Press)--An explosion occurred at a facility of United States Steel Corp., a unit of Japan's Nippon Steel Corp., on Monday, leaving two people dead and at least 10 others injured, according to U.S. media. The cause of the explosion is unknown. The blast happened at U.S. Steel's coke works in Clairton, near Pittsburgh, Pennsylvania, around 11 a.m. local time . Accordin......
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