Finance news on August 16, 2026

1. 0120:30 UTC

   RBC Foundation awards $60,000 grant for NBRHC

   3 outlets · first: thesudburystar.com Banking

   Machine summary The RBC Foundation awarded a $60,000 Community Spaces grant for the NBRHC, according to reports.

   Reported by thesudburystar.com, timminspress.com and saultstar.com.

   • RBC Foundation
   • North Bay Regional Health Centre (NBRHC)

2. 0213:30 UTC

   SEG H1 2026: Revenue Up 12.7% to RMB35.6B; Payout 50%

   2 outlets · first: finanznachrichten.de Earnings Mostly press releases

   Machine summary Sinopec Engineering (Group) reported unaudited H1 2026 revenue of RMB35.62 billion, up 12.7% year-on-year, and gross profit growth of 5.2%. New contracts were RMB51.9 billion, and the board maintained a 50% payout with an RMB0.127 interim dividend.

   1. According to the company's unaudited interim announcement, operating revenue for H1 2026 was RMB35.62 billion, up 12.7% year-on-year.
   2. Net profit was RMB1.14 billion; the release does not disclose a year-on-year change for net profit.
   3. The board declared an interim dividend of RMB0.127 per share, a 50% payout ratio, which SEG described as consistent with its base dividend policy.
   4. SEG attributed the results to six campaigns including marketing, international expansion, and integration of R&D innovation with industry and finance under Sinopec's 'Entrepreneurship 2.0'.

   Reported by finanznachrichten.de and finanzen.ch.

   • SINOPEC Engineering (Group) Co., Ltd (SEG)
   • Sinopec Group

3. 0312:30 UTC

   Study: anti-terrorism measures prompt Canadian Muslim charities to withdraw aid

   2 outlets · first: toronto.citynews.ca Regulation

   Machine summary Key facts from the reports:

   1. The study says the consequences include "financial derisking" and "humanitarian derisking."

   Reported by toronto.citynews.ca and lethbridgeherald.com.

4. 0407:15 UTC

   EPL raises near-term revenue guidance, says beauty, cosmetics key growth driver

   2 outlets · first: economictimes.indiatimes.com Earnings

   Machine summary EPL Ltd expects its beauty and cosmetics business to become its key growth engine while oral care continues steady growth, Global CEO Hemant Bakshi said. The company raised its near-term revenue guidance to 16-18 per cent and retained its margin guidance at 20 per cent, according to the reports.

   1. EPL Global CEO Hemant Bakshi said the company expects beauty and cosmetics to emerge as its key growth engine, with oral care continuing steady growth
   2. EPL raised its near-term revenue guidance to 16-18 per cent and retained its margin guidance at 20 per cent, according to the reports
   3. Bakshi said the proposed merger of EPL with Indovida aligns closely with EPL's long-term strategy

   Reported by economictimes.indiatimes.com and The Hindu - Business Line.

   • Indovida
   • EPL Ltd

5. 0509:00 UTC

   Shera Energy targets 25-30% revenue growth in FY27

   2 outlets · first: Business Standard Earnings

   Machine summary Shera Energy is targeting 25-30% revenue growth in FY27, from ₹1,640 crore in FY26. Shera Energy targets 25-30% revenue growth in FY27 on capacity expansion, according to its report titles.

   1. Shera Energy reported annual turnover of ₹1,640 crore in FY26.
   2. Chairman and Managing Director Naseem Sheikh said the company intends to grow another 25-30 per cent on revenues and bottom line in FY27.
   3. The company began operations in 2003 with aluminium winding wires and early annual revenues of around ₹20 crore.
   4. Capex for solar ribbon manufacturing near Jaipur has been undertaken, trials have commenced, samples sent, and product approvals received.
   5. Shera Energy targets 25-30% revenue growth in FY27 on capacity expansion.

   Reported by Business Standard and The Hindu - Business Line.

   • Solar ribbon
   • Shera Energy
   • Continuously Transposed Conductors (CTC)

6. 0617:45 UTC

   Dave Ramsey advises newlywed caller on $41K debt

   2 outlets · first: 247wallst.com Banking

   Machine summary During a recent installment of The Ramsey Show, Nick, who was calling in, stated that his household brings in about $95,000 combined and that his total debt is $41,000.

   1. According to the report, Nick, who works in sanitation and married two months ago, stated that his total debt is $41,000, with his household earning about $95,000 combined.
   2. According to the report, Nick stated that his income is $75,000, and his wife, who trains dogs on commission four days weekly, brings in $20,000-$25,000.
   3. According to the report, the debt is divided as follows: $15,500 for a car loan, $21,000 for personal loans, and $5,000 for credit cards.
   4. The report said Ramsey's central argument was that each dollar must serve a purpose, because Nick has to correct his spending instead of getting new loans to shift the debt around.

   Reported by 247wallst.com and finance.yahoo.com.

   • The Ramsey Show

7. 0717:29 UTC

   Tk 400cr fund-of-funds targets Bangladesh's 7% local VC gap

   2 outlets · first: The Daily Star Economy

   Machine summary Key facts from the reports:

   1. Bangladeshi startups attracted about $1.2 billion in investment over the past decade, according to a Startup Bangladesh statement.
   2. Rather than investing directly in startups, the fund will put money into chosen venture capital funds, both local and international; governance, professional management of funds, and credible strategies for investment will determine which ones are selected.
   3. Prime Minister's ICT adviser Rehan Asad said startups need mentorship, skills, market linkages, and technological support alongside financing.

   Reported by The Daily Star.

   • Startup Bangladesh Limited

8. 0821:49 UTC

   Micron's $1.1T Market Cap Sits 23% Below High After 346% Surge

   2 outlets · first: nasdaq.com Markets

   Machine summary Micron's market cap is $1.1 trillion, 23% below its 52-week high, with revenue up 346% year over year to $41.5 billion. Gross margin hit 84.6% and fiscal Q4 guidance calls for $50 billion in revenue.

   1. Fiscal Q3 revenue was $41.5 billion, up 346% year-over-year from $9.3 billion and up from $23.9 billion in the prior quarter.
   2. GAAP net income reached $28.2 billion, versus $1.9 billion a year earlier, while operating cash flow rose to $25.4 billion from $4.6 billion.
   3. Gross margin expanded to 84.6% from 37.7% in the same quarter a year earlier.
   4. Cloud memory and core data center units combined for $25.3 billion in revenue, 61% of the quarter's total, up from $4.9 billion a year earlier.
   5. The company ended fiscal Q3 with $30.2 billion in cash, marketable investments, and restricted cash after $7.1 billion in capital spending.

   Reported by nasdaq.com and fool.com.

   • Cloud Memory
   • Core Data Center

9. 0912:37 UTC

   Tabung Haji Act to be amended, says PM Anwar

   2 outlets · first: Bernama Regulation

   Reported by Bernama and The Star.

   • Tabung Haji

10. 1015:00 UTC

    S&P 500 CEO pay rises 21%

    1 outlet · first: sandiegosun.com (Big News Network) Markets

    Machine summary According to pakistantelegraph.com, CEO pay at S&P 500 companies rose 21%, and Musk-style awards are gaining ground.

    Reported by pakistantelegraph.com (Big News Network) and sandiegosun.com (Big News Network).

Each summary and its key facts are a machine summary of the reports linked under it; the outlets, times and counts come from those reports' own records. How a rundown is built.