Lake Victoria Gold Announces Closing of Non-Brokered Concurrent Private Placement of $2 Million
Newsfile· 2025-10-20 07:00
Core Viewpoint - Lake Victoria Gold Ltd. has successfully closed a non-brokered concurrent private placement, raising $2 million through the issuance of 11,428,571 common shares at a price of $0.175 per share [1][2]. Group 1: Private Placement Details - The concurrent private placement was conducted alongside the LIFE Private Placement announced earlier, with gross proceeds amounting to $2 million [1]. - Insiders of the company purchased a total of 3,823,800 shares for $669,165, which is considered a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [2]. - The proceeds from the concurrent private placement will be used for general working capital purposes [3]. Group 2: Company Overview - Lake Victoria Gold is focused on gold exploration and development, primarily in the Lake Victoria Goldfield in Tanzania [5]. - The company holds a 100% interest in the Tembo project and the Imwelo project, both of which are fully permitted for mine construction and production [6]. - The management team has significant experience in developing and operating mining projects in Africa, with over 60% of shares owned by management, directors, and partners [7]. Group 3: Strategic Partnerships - The company has formed a strategic partnership with Taifa Group, which will provide an equity stake and conduct contract mining and civil works for the Imwelo project [8]. - Taifa Mining, a subsidiary of Taifa Group, is the largest mining contractor in Tanzania and has extensive experience in the mining sector [8].
AP Pension selects Cognizant for BPO and RPA-services as part of multi-year transformation
Prnewswire· 2025-10-20 07:00
Core Insights - Cognizant has announced a new partnership with AP Pension to provide Business Process Outsourcing (BPO) and Robotic Process Automation (RPA) services aimed at enhancing AP Pension's operational capacity and customer experience [2][4]. Group 1: Partnership Details - The collaboration will focus on optimizing selected administrative processes to support AP Pension's comprehensive transformation in the coming years [2][3]. - Cognizant will deliver services from its Nordic-speaking Center of Excellence located in Vilnius, Lithuania, which serves as its European hub for insurance and automation services [3]. Group 2: Strategic Goals - The partnership aims to help AP Pension manage increased workloads, allowing the company to free up internal resources for strategic initiatives while improving daily operational efficiency [3][4]. - AP Pension's Chief Commercial Officer emphasized that this agreement provides the necessary capacity to maintain quality for customers during their transformation journey [4]. Group 3: Company Background - AP Pension is a customer-owned pension company that offers pension and insurance solutions to private individuals and businesses, focusing on competitive products and high customer service [4]. - Cognizant is recognized for its capabilities in BPO in Denmark and aims to optimize processes and enhance customer experiences through this collaboration [4].
Natural Gas and Oil Forecast: Fed Dovish Shift and China Weakness Pressure Prices
FX Empire· 2025-10-20 06:59
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...
Stock markets surge in early trade; Sensex jumps over 700 points
BusinessLine· 2025-10-20 06:55
Equity benchmark indices Sensex and Nifty jumped in early trade on Monday, driven by buying in blue-chips Reliance Industries, HDFC Bank and foreign fund inflows.A sharp rally in global markets also added to the markets' optimism during the initial trade.The 30-share BSE Sensex jumped 704.37 points to 84,656.56 in early trade. The 50-share NSE Nifty surged 216.35 points to 25,926.20.From the Sensex firms, Reliance Industries climbed over 2 per cent after the firm on Friday reported a 9.6 per cent year-on-ye ...
The biggest luxury deals in recent years
The Economic Times· 2025-10-20 06:50
ESSILORLUXOTTICA MERGER In January 2017, Italian eyewear giant LVMH's TIFFANY ACQUISITION In November 2019, France's LVMH reached a definitive agreement to acquire U.S. jewellery giant Tiffany & Co. in an all-cash deal valued at $16.2 billion.Live EventsLVMH OWNER BERNARD ARNAULT TAKES OVER CHRISTIAN DIOR In April 2017, French billionaire and LVMH owner Bernard Arnault consolidated his control over Christian Dior holding company via a 12-billion-euro transaction.Under a series of complex deals, LVMH bought ...
Dollar Edges Higher as Traders Eye Delayed U.S. Inflation Data
WSJ· 2025-10-20 06:49
Core Viewpoint - The dollar has strengthened against a basket of currencies as investors anticipate the release of delayed U.S. inflation data on Friday [1] Group 1 - The dollar's rise indicates investor sentiment and market expectations regarding upcoming economic data [1]
PRESS RELEASE: CMB.TECH NV announces fixed income investor meetings
Globenewswire· 2025-10-20 06:49
Core Viewpoint - CMB.TECH NV is initiating fixed income investor meetings to potentially issue a USD denominated five-year senior unsecured bond, with proceeds aimed at general corporate purposes and refinancing existing debt [1]. Company Overview - CMB.TECH is one of the largest listed, diversified maritime groups globally, operating a fleet of approximately 250 vessels, including dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore wind vessels, and port vessels [2]. - The company also provides hydrogen and ammonia fuel to customers, sourced from its own production or third-party producers [2]. - CMB.TECH is headquartered in Antwerp, Belgium, with offices across Europe, Asia, the United States, and Africa [3]. Stock Information - CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol "CMBT," and on Euronext Oslo Børs under the ticker symbol "CMBTO" [3].
Tesla Q3 Expectations In Perspective (NASDAQ:TSLA)
Seeking Alpha· 2025-10-20 06:48
Group 1 - Tesla's stock has increased by over 60% since the last coverage, despite a previous recommendation to sell [1] - The author has over 20 years of experience in freight forwarding and emphasizes the importance of understanding market psychology and investment behavior [1] Group 2 - The article reflects a contrarian investment approach, focusing on thorough due diligence to provide timely information [1]
PRESS RELEASE: CMB.TECH trading update
Globenewswire· 2025-10-20 06:48
Core Viewpoint - CMB.TECH continues its fleet rejuvenation strategy by selling older vessels and taking delivery of newbuild vessels, indicating a proactive approach to maintaining a modern and efficient fleet [1][2][3]. Fleet Update - CMB.TECH delivered five newbuilding vessels in Q3 and Q4 to date [2]. - The company sold the VLCC Dalma (2007, 306,543 dwt) for a capital gain of 26.7 million USD, with delivery scheduled for Q4 2025 [2]. - The time charter of the VLCC Donoussa (2016, 299,999 dwt) has been extended for another 11 months until October 2026 [2]. - The vessels Hakata (2010, 302,550 dwt) and Hakone (2010, 302,624 dwt) were sold, generating a total capital gain of approximately 39.3 million USD in Q3 2025 [3]. - The capesize vessel Battersea (2009, 169,390 dwt) was sold for a capital gain of 2.4 million USD, with delivery also set for Q4 2025 [4]. Estimated Time Charter Equivalent Earnings (TCE) - The estimated average daily TCE rates for various vessel types are as follows: - Newcastlemax Average rate: Q3 2025 at 27,872 USD/day, Q4 2025 to date at 30,954 USD/day (61.6% increase) [5]. - Capesize Average rate: Q3 2025 at 20,577 USD/day, Q4 2025 to date at 27,084 USD/day (50.0% increase) [5]. - Panamax/Kamsarmax Average rate: Q3 2025 at 13,437 USD/day, Q4 2025 to date at 15,814 USD/day (56.0% increase) [5]. - VLCC Average spot rate: Q3 2025 at 28,715 USD/day, Q4 2025 to date at 54,206 USD/day (30.0% increase) [5]. - Suezmax Average spot rate: Q3 2025 at 47,104 USD/day, Q4 2025 to date at 49,249 USD/day (34.0% increase) [5]. - CSOV Average time charter rate: Q3 2025 at 27,272 USD/day, Q4 2025 to date at 120,331 USD/day (83.7% increase) [7]. Company Overview - CMB.TECH is one of the largest listed, diversified maritime groups globally, operating a fleet of approximately 250 vessels, including dry bulk vessels, crude oil tankers, chemical tankers, container vessels, and offshore wind vessels [8]. - The company is headquartered in Antwerp, Belgium, with offices across Europe, Asia, the United States, and Africa [8].
Aussie gains on easing trade tensions, resilient Chinese economy
Yahoo Finance· 2025-10-20 06:42
By Kevin Buckland TOKYO (Reuters) -The Australian dollar rose on Monday, cheered by reasons to be a bit more upbeat on top trade partner China, with data showing its economy reasonably resilient to U.S. tariffs and President Donald Trump toning down some of his trade rhetoric. The yen initially weakened as Sanae Takaichi, an advocate of fiscal and monetary stimulus, appeared all but certain to become Japan's next prime minister after securing crucial political backing for the top job. However, those dec ...