2h ago
Trump Media to overhaul crypto treasury strategy after $238.1 million Q2 loss
Trump Media & Technology Group reported a second-quarter loss of $238.1 million, driven largely by $190.4 million in unrealized losses on crypto and securities. The company plans to overhaul its digital-asset treasury approach while keeping Bitcoin central to its capital strategy. As of July 31, it held about 14,139 Bitcoin, up from 9,477.16 BTC on June 30, after a slight decline from 9,542.16 BTC three months earlier.
BTC
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2h ago
2h ago
Petronet LNG tops Q1FY27 expectations on trading gains; Nomura keeps Buy with Rs 345 target
Petronet LNG reported Q1FY27 EBITDA of Rs 16.3 billion, up 20% quarter-on-quarter and 26% year-on-year, helped by trading gains. Adjusted EBITDA stood at Rs 12.6 billion, beating Nomura’s estimate by 8%, while trading and inventory gains were Rs 3 billion and Rs 1.9 billion, respectively. Profit after tax came in at Rs 11.3 billion, up 33% year-on-year. Nomura maintained its “Buy” rating with a target price of Rs 345.
2h ago
2h ago
DNO posts record Q2 revenue of USD 761 million, lifts 2026 North Sea output guidance to 85,000 boepd
DNO ASA reported record second-quarter revenue of USD 761 million, up 21% quarter-on-quarter, as strong North Sea volumes and high oil prices outweighed the impact of a shutdown in Iraq’s Kurdistan region. Operating profit rose 55% to USD 439 million and net profit increased 65% to USD 83 million. The company also raised its 2026 North Sea production guidance to 85,000 boepd, up by 3,000 boepd from its projection at the start of the year.
2h ago
3h ago
Nalco, Hindalco slide up to 2.5% on August 13 as aluminum extends retreat from seven-week high
Shares of India’s National Aluminium Co. and Hindalco Industries fell as much as 2.5% on August 13, tracking a second straight day of declines in aluminum prices. Supply worries eased after a major Middle East smelter said it plans to restore output earlier than expected, and Australia’s largest aluminum smelter secured a A$2.5 billion government bailout to keep operating. Aluminum in London slipped 0.9% to $3,282.50 a ton, while copper fell 0.4% and zinc dropped 0.8%, weighing on the broader metals sector.
3h ago