MUMBAI (Reuters) - U.S. investor Carson Block is weighing plans for an India fund which could be based on a 'long-only' or 'long-short' strategy but would not look at activist short-selling in the country, he told Reuters. The question we are asking is whether we would want to do long-short or long-only (in India), Block said in an interview in...

06:02 AM EST, 02/25/2025 (MT Newswires) -- Westgold Resources ( WGXRF ) late on Monday said it sold its non-core Lakewood milling operation to ASX-listed Black Cat Syndicate for $85 million. The price includes $70 million in cash in staged payments and $15 million in Black Cat scrip, to be escrowed for 12 months. Black Cat will also assume about...

06:01 AM EST, 02/25/2025 (MT Newswires) -- STMicroelectronics ( STM ) Chief Executive Jean-Marc Chery has been targeted for removal from his position by the Italian government over poor performance in overseeing the chipmaker, Bloomberg reported Tuesday, citing unnamed people familiar with the industry. The Italian and French governments each hold a 27.5% stake in the company but Rome regards...

05:59 AM EST, 02/25/2025 (MT Newswires) -- The Bank of Nova Scotia ( BNS ) reported mixed first-quarter earnings, as the Canadian Banking and International Banking divisions generated lower adjusted earnings while the Global Banking and Markets did better. For the three months ended Jan. 31, the bank reported adjusted diluted earnings per share of $1.76, compared to $1.69 in...