Scorpio Tankers Inc. priced a $325 million offering of 1.75% convertible senior notes due in 2031, increasing from an initial $300 million. The notes will be sold to qualified institutional buyers and bear semi-annual interest. Concurrently, the company will repurchase about 1.34 million shares of its common stock for approximately $100 million to support the stock price. Proceeds after expenses will fund the repurchase and general corporate purposes, with the offering expected to close on April 10, 2026. This move strengthens Scorpio Tankers' capital structure while providing flexibility through convertible debt and share buybacks.
Barclays increased its price target for Hudbay Minerals to $32 from $30, citing strong growth prospects in copper mining. Despite a recent nearly 30% stock pullback due to market sentiment, Hudbay maintains a solid financial position with near-zero n...
Morgan Stanley reported strong Q2 2026 results, with earnings per share of $3.46 surpassing estimates of $2.89 and revenue of $21.35 billion beating forecasts of $19.67 billion. This marks significant year-over-year growth from $16.79 billion, driven...
The global autoimmune disease therapeutics market is projected to grow from $80.54 billion in 2025 to $137.85 billion by 2035, at a CAGR of 5.52%. Growth is fueled by rising autoimmune disease prevalence, advances in biologics, JAK inhibitors, monocl...
The Vancouver Chinatown Foundation and RBC are hosting Light Up Chinatown! 2026, a free two-day festival on August 8-9 along Columbia Street in Vancouver’s Chinatown. The event features exclusive food collaborations, live music performances, family a...
New research from iSeatz reveals that U.S. travelers are increasingly strategic about travel rewards programs, with 40% treating them as financial optimization tools and 60% belonging to multiple programs. Despite high enrollment, many travelers find...
