Currenc Group Inc. announced a net loss of $18.5 million for fiscal year 2025, driven by strategic shifts including exiting lower-margin airtime services and focusing on AI and Web3 solutions. The company reported $5.6 billion in total processing value via Tranglo, with remittance revenue up 22%, but overall revenue declined 10.3% due to airtime revenue drops. Key moves include a planned $400 million sale of Tranglo and a proposed merger with Animoca Brands to create a diversified digital assets conglomerate. Currenc aims to scale AI revenue and complete these strategic transactions in 2026 to build a higher-margin business model.
After the US and Iran reached a deal expected to reopen the Strait of Hormuz, the world's largest tanker owner, Mitsui OSK Lines, cautions that shipping companies will wait for proof the agreement works before resuming normal traffic. The strait is c...
YieldMax ETFs have announced their weekly distributions for Group 1 ETFs, with distribution rates ranging from about 25% to over 65%. These ETFs focus on option income strategies across sectors like semiconductors, AI, crypto, and metals. Investors s...
QTREX Quantum Ltd announced that its Additively Manufactured Electronics (AME) technology achieved a 97% yield validation at a major U.S. interconnect manufacturer. This milestone confirms the technology's readiness for high-demand production environ...
Clean Energy Fuels Corp. secured contracts to design and install liquefied natural gas (LNG) fueling systems in Puerto Rico, supporting a pharmaceutical manufacturer and P.R. Energy Partners' luxury residential and hotel operations. These projects wi...
Epson introduced the WorkForce Enterprise AM-C10000, a high-speed color multifunction printer capable of printing 100 ISO pages per minute, designed for busy offices and print services requiring precise color control. It supports heavy workloads with...
