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International Seaways targets $370m Bruton acquisition as tanker earnings surge
International Seaways is pursuing a mostly share-funded acquisition of Bruton Limited while forecasting third-quarter net income of up to $350 million, but volatile tanker rates and transaction dilution could influence the financial returns from its expanding fleet.
Intuit to acquire AI revenue management startup Sequence as QuickBooks moves deeper into enterprise software
Intuit's proposed acquisition of Sequence strengthens its push into complex business billing and financial automation, but the company's volatile share price reflects a larger debate about whether artificial intelligence will protect or disrupt established accounting software platforms.
Zelenskyy confirms US intelligence sharing with Ukraine has resumed after interruption
Ukraine says U.S. intelligence support for detecting Russian missile attacks has been restored, confirming that cooperation had been interrupted despite earlier assurances that it continued.
Iran offers to reopen Strait of Hormuz within a week if US accepts conditions
Iran says it can restore traffic through the Strait of Hormuz within days of an agreement, but disputes over sanctions, military operations and uranium enrichment remain unresolved.
Trump endorses Netanyahu before Israel election as Iran war shapes campaign
Donald Trump has publicly endorsed Benjamin Netanyahu ahead of Israel's October 27 election, linking his support to their cooperation over Iran as relations face strategic tensions.
Travelers Q3 profit reaches $1.92bn as insurance margins strengthen despite catastrophe losses
The Travelers Companies delivered $9.18 in quarterly core earnings per share and record investment income, but higher catastrophe losses, nearly flat premiums and rising unrealised bond losses create a more complicated picture of its financial performance.
ExxonMobil signals $4.5bn refining earnings boost as oil-price pressure hits upstream
ExxonMobil's preliminary third-quarter earnings factors reveal a major improvement in refining margins, contrasting with weaker crude oil realisations and substantial accounting timing effects ahead of its October 30 results.
GlobalFoundries wins $2bn TSMC AI packaging agreement with production set for 2028
GlobalFoundries will manufacture silicon interposers for Taiwan Semiconductor Manufacturing Company's advanced packaging ecosystem under a five-year agreement valued at $2 billion. The contract strengthens the US semiconductor supply chain, but the production timetable and investment requirements mean financial benefits will develop over several years.
China proposes export controls on 23 AI technologies as rivalry with US deepens
China has proposed controls on 23 AI technologies, including advanced models and computing clusters, while excluding ordinary overseas access through APIs and online services.
Interactive Brokers Q3 revenue reaches $1.91bn as margin loans surge 67%
Interactive Brokers reported stronger earnings, higher customer balances and rapid margin-lending growth in the third quarter, but the changing composition of trading volumes raises questions about the sustainability of its revenue mix.