Chinese tech giant and owner of the chat and messaging app WeChat, Tencent, beat analyst expectations for the three months through to the end of June, reporting its fastest growth in revenues for any quarter in about two years. Despite… Read More ›
Day: August 12, 2020
Disney Changes Name Of The Historic 20th Century Fox Brand
One of the best known brand names in the global entertainment industry – 20th Century Fox, has now been ended by Walt Disney. This came with the rebranding of one of the TV studios as 20th Television by the legendary… Read More ›
Taiwan’s central bank probing 5 foreign banks over grains firms’ arbitrage: Sources
According to fours sources with knowledge of the situation at hand, Taiwan’s central bank has commenced investigations on 5 foreign banks for their alleged involvements in a $8 billion in net trading positions on the deliverable forwards market. On Tuesday,… Read More ›
Vietnam’s trade surplus expands to $2.8 billion in July 2020: Customs Department
Data released by the Vietnamese government on Wednesday shows, in July 2020, the country’s trade surplus widened to $2.8 billion from a $1.85 billion in June. Exports rose by 10.2% from June to $24.87 billion, while imports also grew at… Read More ›
Sales volume to bounce back after COVID-19 pandemic: Eastman Kodak Co
In a statement, Eastman Kodak Co stated, it expects sales volume to jump back to normal levels once the COVID-19 pandemic eases; it also sees an improvement in its working capital after the intensity of the Wuhan coronavirus fades. The… Read More ›
Azul SA, Brazil’s No. 3 airline, clinches deal to slash leasing costs, staves off potential Chapter 11 bankruptcy filing
In a statement, Brazilian airline Azul SA said, it had clinched an agreement with its aircraft lessors that would help it save nearly $594.61 million (3.2 billion reais) in working capital through 2021; the deal will see repayments from 2023…. Read More ›
Chevron Corp proposes at least 50% stake worth $5 billion in Noble Energy
According to a proxy filing, Chevron Corp’s has proposed a $5 billion offer to acquire a stake of at least 50% in U.S. oil major Noble Energy. If Chevron manages to snag the deal, the all-stock merger will boost its… Read More ›
