STOCKHOLM (Reuters) - Truckmaker Scania still intends to buy Northvolt's battery pack business despite the Swedish battery maker having declared bankruptcy on Wednesday, a Scania spokesperson told Reuters on Wednesday. Northvolt, an electric vehicle battery cell maker, filed for bankruptcy on Wednesday, bringing to an end Europe's best hope of developing a rival to major Asian EV battery players. Northvolt...

08:56 AM EDT, 03/12/2025 (MT Newswires) -- Baidu ( BIDU ) said Wednesday it has completed its offering of 10 billion Chinese renminbi ($1.38 billion) total principal amount of Chinese yuan-denominated senior unsecured notes. The offering consists of 7.5 billion renminbi of 2.70% notes due 2030 and 2.5 billion renminbi of 3.00% notes due 2035, the company said, adding that...

08:46 AM EDT, 03/12/2025 (MT Newswires) -- Seabridge Gold ( SA ) said Wednesday it aims to finalize a partnership agreement for its KSM project and raise new funds to continue construction activities and collection of feasibility data in 2025. The company said it is looking to sign a deal with a major mining operator that has the resources and...

08:53 AM EDT, 03/12/2025 (MT Newswires) -- GE Aerospace (GE) shares were higher premarket Wednesday after the company said it is planning to almost double its 2024 investment to nearly $1 billion in its US factories and supply chain. Around $500 million will be earmarked to strengthen quality and delivery, particularly expanding sites that support the production and assembly of...