Saputo Inc has withdrawn its long-term adjusted EBITDA aspirations as the company continues to grapple with ‘depressed dairy commodity markets, inflationary pressure, and a challenging consumer spending environment’. The company previously aimed for a long-term target leverage of around 2.25 times net debt to adjusted EBITDA. Adjusted EBITDA is defined as net earnings (loss) before
Unseasonal rains have dampened the country’s early summer demand for air conditioners this year and companies are now taking measures to adjust their production to avoid inventory pile-up. The year started on a high note with summer demand kicking early, spiking AC sales in February, March and April. However, this started changing by the end
New Energy Leadership, Digital Transformation, and Global Partnerships Towards Carbon Neutrality Goals XUZHOU, China, May 14, 2025 PRNewswire/– XCMG Machinery (“XCMG”, SHE: 000425) has officially released its 2024 Environmental, Social, and Governance (ESG) report, particularly highlighting the group’s achievements in sustainable practices aligned to global climate goals as well as breakthroughs in clean technologies, digital
Sun Life Financial Inc. beat analyst expectations in the first quarter, fueled by its asset management segment. The Toronto-based insurance firm reported underlying earnings of $1.82 per share, better than the $1.71 predicted by analysts in a Bloomberg survey. Sun Life also raised its quarterly dividend to 88 Canadian cents from 84 cents. “In an
Image: Pocketpair Late last year, Palworld developer Pocketpair announced that it was scrapping the Poké Ball-like summoning mechanic from its game as a result of its ongoing Nintendo lawsuit. Well, it looks like the changes aren’t stopping there, as the dev has today announced that more “disappointing” changes are yet to come. In a new
Gold edged lower ahead of key economic data this week that could offer some insights into the impacts of President Donald Trump’s trade war. Bullion traded near $3,335 an ounce, after gaining 0.7 per cent in the previous session. Yields on Treasuries turned lower on Monday, boosting non-interest-bearing gold. Meanwhile, JPMorgan Chase & Co. said
Lawson Winder, metals and mining analyst at Bank of America, discusses the reported deal made between Barrick Gold and the Mali government over a gold mine disp Barrick Gold Corp. is looking to sell its last mine in Canada in a push to capitalize on record gold prices and a renewed interest in North American
Martin Pradier, equity research analyst at Veritas Investment Research, gives his outlook on gold amid uncertainty, as it surges to a record above $3,400. After years of diving into risky assets at every sign of trouble, investors are starting to move some of their money in the other direction — toward safety. Flows into exchange-traded
Jamie L. LaReau and Jackie Charniga | Detroit Free Press Trump’s auto tariffs to hit $460 billion of US vehicle, parts imports As Donald Trump’s 25% tariff on U.S. auto imports kicks in, the levies look set to upend the industry. A Reuters calculation shows the duties will hit some $460 billion worth of cars
Nathan Gomes | Reuters How many cars are fully American-made? Not many. Here’s what we know. President Trump hopes to encourage companies to build cars in the U.S. But are any cars fully American-made? Here is what we know now. CarMax KMX.N is expanding its inventory of newer pre-owned vehicles, as U.S. President Donald Trump‘s latest tariffs