By Ben Glickman Elutia is selling its orthobiologics business to Berkeley Biologics, a subsidiary of GNI Group. The company, which makes technologies meant to improve surgical outcomes, will receive $15 million in cash upfront, with potential earnout payments of up to $20 million over five years. Shares rise 50% to…

By James Glynn SYDNEY–Australian consumer confidence showed tentative signs of recovery last week, while at the same time inflation expectations fell 3 percentage points, to 4.9% on-year, the lowest reading since February 2022, before Russia invaded Ukraine. Consumer confidence rose by 2.2 points, and the four-week moving average lifted 1.0……

By P.R. Venkat Electric vehicle maker NIO plans to raise $1.0 billion by issuing convertible senior notes to pare debt and boost its balance sheet. The company will raise $500 million each by issuing convertible senior notes that will mature in 2029 and 2030, NIO said Tuesday. Upon… Read the…

By James Glynn SYDNEY–The Reserve Bank of Australia continues to warn that further interest-rate increases might be needed if inflation remains stickier than expected, adding that it considered tightening policy settings further at a meeting earlier this month. Still, in minutes of its Sept. 5 board meeting published Tuesday, the…

Key News Asian equities were lower on light volumes as investors sat on the sidelines in advance of central bank press conferences. Mainland China and Hong Kong were lower on very light volumes. Mainland investors continue to buy the Hong Kong dip via Southbound Stock Connect with +$408 million of…

KUALA LUMPUR, Malaysia–Malaysia’s trade surplus widened in August from the previous month, but exports and imports were lower than a year earlier, driven by a decline in shipments of electrical and petroleum products. The Southeast Asian nation reported a trade surplus of 17.31 billion ringgit ($3.70 billion), compared with MYR17.09…

Don’t miss these top money and investing features: INVESTING NEWS & TRENDSHas it become easier to beat the market? 57% of actively managed mutual funds and ETFs beat their benchmarks in the first half of 2023. Read More‘Sell Rosh Hashanah, buy Yom Kippur’ stock-market pattern is just a calendar event…

Springfield Properties plummeted in lunchtime trading on Wednesday as it announced plans to stop paying dividends to deal with its rising debts. The FTSE 250 housebuilder also said it expects annual pre-tax profits to fall in the current financial year as tough market conditions persist. At 51.5p per share, Springfield…

The Marshfield Concentrated Opportunity Fund MRFOX offers a different twist on mutual-fund management: a husband-and-wife team.  Managers Elise Hoffmann and Chris Niemczewski say they talk stocks after hours, at dinner. Investing is about “creating a narrative and road testing it,” Hoffmann says. “Having the leisure to do that over time…

Shares in Dunelm Group fell following the release of full-year trading numbers on Wednesday. At £10.67 per share, the FTSE 250 company’s share price was last dealing 1.8% lower in the midweek session. Revenues at the home furnishings retailer came in at £1.64 billion in the 12 months to June,…