SCOR SE announced the results of its cash tender offer to repurchase subordinated bonds totaling €378.1 million, including €126.5 million of 2047 bonds and €251.6 million of 2048 bonds. The offer, capped by the issuance amount of new bonds maturing in 2056, expired on June 3, 2026, with settlement scheduled for June 8, 2026. Bonds repurchased will be cancelled as part of SCOR's proactive financing management strategy. This move helps SCOR optimize its capital structure by replacing older bonds with new ones offering potentially better terms and maturity profiles.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
