Question-and-Answer SessionGreat to have you. Just to kick things off, broadly, can you talk a little bit about the macro backdrop from the Canadian perspective, how is volatility trade tensions with the U.S. things like that have been impacting the business?David ArnoldChief Financial Officer Look, I mean, global uncertainty, quite frankly, and kind of the interest rate outlook, as you'd expect, Ben, continues to really drive elevated volumes across our marketplaces. We've seen open interest growth, it's - ...

Monte dei Paschi di Siena has secured 62% of Mediobanca , bourse data showed on Monday, paving the way for a shake-up at the bid target where long-standing CEO Alberto Nagel is preparing to step down. ...

Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, Alpha-X & Alpha DRK and Montréal ExchangeToronto, Ontario--(Newsfile Corp. - September 5, 2025) - TMX Group Limited today announced August 2025 trading statistics for its marketplaces - Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), including Alpha-X & Alpha DRK, and Montréal Exchange (MX).All TMX Equities Marketplaces *August 2025July 2025August 2024Volume 12,200,372,06012,973,669,94710,257,747,043Value $300,143,1 ...

日本制铁将在美国建设采用电炉方式的钢铁厂。旗下的美国钢铁公司计划投资40亿美元，力争在2029年 以后投入运营。日本制铁向特朗普政府承诺的110亿美元设备投资将进入实施阶段…… 日本制铁将在美国建设采用电炉方式的钢铁厂。旗下的美国钢铁公司（US Steel）计划投资40亿美元， 力争在2029年以后投入运营。通过一系列投资和日铁的技术支援，让业绩低迷的美国钢铁公司恢复竞争 力。新建和增建钢铁厂也有助于回应美国总统特朗普一直要求的增强制造业基础和创造就业岗位。 身兼美国钢铁公司董事长一职的日铁副会长兼副社长森高弘接受了《日本经济新闻》（中文版：日经中 文网）的采访。日铁此前公布了在美国新建制铁厂的方针，但公布详细内容尚属首次。 美国钢铁公司在2024财年（截至2024年12月）全年的最终利润减少57%，降至3亿8400万美元，仍继续 陷入苦战。美国钢铁公司以日铁为后盾，将持续进行大规模投资，力争重新成为美国最大的钢铁公司。 位于印第安纳州的美国钢铁公司的最大高炉也将投资31亿美元进行翻新，以提高质量。日铁还将增加派 遣到美国钢铁公司的人员。目前技术人员等约为40人，"还将进一步增加10人左右"（森高弘）。 森高 ...

TMX Group CFO David Arnold to Present at the Barclays Global Financial Services Conference August 22, 2025 9:00 AM EDT | Source: TMX Group Limited Toronto, Ontario--(Newsfile Corp. - August 22, 2025) - TMX Group CFO David Arnold will present at the Barclays Global Financial Services Conference on Monday, September 8, 2025, from 11:15 to 11:55 a.m. ET. A link to the webcast will be available and archived in TMX's shareholder events section. About TMX Group (TSX: X) TMX Group operates global markets, and buil ...

Core Viewpoint - The acquisition of United States Steel Corporation by Nippon Steel Corporation for approximately $25 billion raises concerns reminiscent of Toshiba's past acquisition of Westinghouse Electric Company, suggesting potential risks and challenges in international mergers and acquisitions [1][2][25]. Group 1: Acquisition Details - Nippon Steel initially planned to acquire U.S. Steel for 400 billion yen (approximately $2.75 billion), but the final cost escalated to 3.6 trillion yen (about $25 billion), which is nine times the original estimate [1][9][12]. - The acquisition price per share was raised to $55, a 57% premium over a competing offer, leading to a 6% drop in Nippon Steel's stock price upon announcement [10][11]. - The total cost of the acquisition, including necessary investments for equipment upgrades, amounts to $25.2 billion, significantly higher than the initial budget [13][25]. Group 2: Historical Context and Comparisons - The acquisition price of Nippon Steel is notably higher than Toshiba's $5.4 billion acquisition of Westinghouse, which was already considered excessive at the time [5][9]. - Historical failures of Japanese companies in U.S. acquisitions, such as Toshiba's experience, create skepticism about the potential success of Nippon Steel's venture [3][25]. Group 3: Strategic Implications - Nippon Steel's acquisition is viewed as not just an economic move but also a strategic one influenced by international relations, particularly in the context of U.S.-Japan alliances [2][14]. - The new board structure post-acquisition will include significant oversight from the U.S. government, limiting Nippon Steel's operational flexibility [15][21]. - The investment aims to address domestic steel shortages in the U.S. and enhance production capacity from 23 million tons to 34 million tons annually [18][19]. Group 4: Future Outlook - Nippon Steel aims to leverage this acquisition to strengthen its position in the global steel market, particularly against competitors like China's Baowu Steel Group [22][24]. - The long-term goal is to achieve an annual production capacity of over 100 million tons, positioning Nippon Steel among the top global steel producers [24][26].

Group 1 - The U.S. government is negotiating to exchange equity stakes in several tech companies, including Intel, Micron Technology, TSMC, and Samsung, for funding support under the CHIPS Act [2][3] - The CHIPS Act provides funding for research and grants to build semiconductor factories in the U.S., with significant subsidies already allocated to Samsung ($4.75 billion), Micron Technology ($6.2 billion), and TSMC ($6.6 billion) [3] - The current administration is perceived to be exerting influence over the tech industry, with officials indicating that any investment will be unprecedented and could mark a new era of government involvement in large corporations [3][4] Group 2 - Concerns have been raised regarding the government's intervention in the private sector, with terms like "uncertainty" and "unknown territory" frequently mentioned by investors and policymakers [4][5] - The approach of selecting "winners and losers" in the market could disrupt the free flow of capital, leading to potential risks for taxpayers and unpredictable market distortions [5] - The lack of transparency in these transactions has been highlighted as a significant concern, with some viewing it as a government-led reshuffling of industries rather than a unified effort to promote national security or technological independence [5]

Safety Incident - U S Steel 报告称，本周早些时候，其一家工厂发生的致命爆炸事故可能发生在为计划维护准备而冲洗气体阀门时 [1]

Safety Incident - US Steel's Clairton Coke Works facility in Pennsylvania experienced a fatal blast, resulting in two worker deaths [1] - The incident occurred during the flushing of a gas valve in preparation for planned maintenance [1]

Core Viewpoint - The Allegheny County Health Department announced enhanced air monitoring around a U.S. Steel coke plant in Pittsburgh following an explosion that resulted in 2 fatalities and at least 10 injuries [1] Group 1: Incident Details - An explosion occurred at the coke plant on August 11, leading to immediate health concerns for nearby residents [1] - The health department recommended that residents within a 1.6 km radius stay indoors and close all windows [1] Group 2: Air Quality Monitoring - Mobile air monitoring devices will be deployed on August 14 and 15 to measure volatile organic compounds and sulfur dioxide [1] - Community health personnel expressed that mobile monitoring is beneficial as it can better assess pollution levels closer to residential areas [1] Group 3: Historical Context and Company Actions - The coke plant is noted as the largest in North America and has a history of pollution issues, including a fire in 2018 that damaged pollution control equipment [1] - U.S. Steel previously settled lawsuits related to air pollution, agreeing to invest $19.5 million in equipment upgrades and pay $5 million for local air quality improvements [1] - In 2019, the company paid $8.5 million in a separate air pollution lawsuit [1]