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SMC News8 articles
BRICS Summit Declaration: Trade Rhetoric vs. Market Reality
At the New Delhi summit, BRICS leaders criticized tariffs and sought WTO reform, but stopped short of announcing a trade pact or common currency, leaving investors with policy signals rather than concrete market changes.
Canada's C$500B Summit: Bank Financing Dominates Pledges
Canada's summit pledges C$500B, but C$325B is bank financing. TD, Scotiabank, BMO lead; Bell AI hub, Maple Fund included.
Canada's C$1T Investment Summit: Carney Unveils 167-Project Pitchbook
Canada's investment summit kicks off with a 167-project pitchbook and a C$1 trillion goal, but investors should view the figure as a target, not committed capital.
TD Faces AML Cost Test as CEO Prepares Summit Remarks
TD shares fall 1.2% before CEO Raymond Chun's summit appearance, as investors weigh a US$550M AML bill against strong Q3 earnings and capital levels.
France Secures €93 Billion in AI and Industrial Investment at Choose France Summit
SoftBank leads €93 billion in corporate pledges at the Choose France summit, with plans for major AI data centres in northern France, as the country positions itself as a European AI hub.
Tesla Shares Decline on Stalled China FSD Approval After US-China Summit
Tesla shares dropped 3.7% after President Trump left Beijing without securing Chinese approval for its Full Self-Driving software, dampening investor sentiment.
Summit Therapeutics Shares Dive 23% After HARMONi-3 Update Disappoints
Summit Therapeutics shares plummeted 23% after an interim HARMONi-3 update for ivonescimab failed to show early benefit. The trial remains blinded, with final PFS data due in late 2026.
Nvidia Shares Dip Ahead of Key Earnings Report, CEO Cancels India AI Summit
Nvidia shares declined on Friday, with the AI chip leader set to report quarterly earnings on February 25. CEO Jensen Huang has canceled his scheduled appearance at next week's India AI Impact Summit.