Author Archives
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General Dynamics Corp wins $732 million U.S. defense contract
According to a statement from the Pentagon, General Dynamics Corp has been awarded a $732 million U.S. defense contract for sustainment of the Mobile User Objective System ground system, which is a narrowband military satellite communications system.
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Carl Icahn sells a third of his shares in Occidental Petroleum
In an open letter letter to shareholders, activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp’s $38 billion acquisition of Anadarko Petroleum, disclosed, he has cut his holdings in the company by nearly a… Read More ›
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Toyota unveils $1.8 billion share buyback through March 2020
Toyota’s second quarter profit profits have been 9 analysts’s estimate as per Refinitive data. On Thursday, Toyota Motor Corp unveiled a $1.8 billion share buyback after reporting a more-than-expected quarterly profits, on the back of improved global sales. Toyota Motor… Read More ›
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Cuba attracts $1.7 billion in foreign direct investments
Faced with a cooling economy, Cuba aims to boost its economy with its annual trade fair in Havana. Cuba’s Trade Minister Rodrigo Malmierca told a news conference at Cuba’s annual trade fair in Havana that Cuba has attracted foreign investments… Read More ›
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California Department of Insurance takes control of former Berkshire insurance unit
California Department of Insurance has won a court order appointing it conservator of California Insurance Co, a subsidiary of Applied Underwriters Inc. Regulators in California have taken control of an insurer, which they say was recently sold by Warren Buffett’s… Read More ›
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Chevron and ExxonMobil’s estimates for Tengiz oilfield expansion too high: Kazakh energy minister
Cost escalations by 25% would push up the total cost of the expansion to $45.2 billion, an unacceptable figure for Kazakhstan. On Wednesday, Kazakhstan’s Energy Minister Kanat Bozumbayev stated, the cost escalation in the expansion of the Tengiz oilfield project… Read More ›
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Hong Kong business activity falls to its 21-year low: IHS Markit survey
The Purchasing Manager’s Index survey reveals a deepening of an economic crisis in Hong Kong – one of Asia’s leading financial hub. An IHS Markit survey that was published on Tuesday shows, business activity in Hong Kong’s private sector has… Read More ›
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China faces opportunity to consolidate its market opening
French President Emmanuel Macron called on China to capitalize on this opportunity and quickly consolidate the opening of its market to its trading partners. On Tuesday, French President Emmanuel Macron called on China to “consolidate” the opening up of the… Read More ›
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Malaysia aiming to trace $4.34 billion in 1MDB-linked assets: Latheefa Koya
The investigation into Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) spans several countries. On Tuesday, in a statement Malaysia’s anti-corruption chief disclosed, Malaysia is looking to locate at least $4.34 billion (18 billion ringgit) worth of assets linked to… Read More ›
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Boris Johnson rejects call for no-deal Brexit in election rally
Johnson’s election gamble and his no-deal Brexit stance is likely to split the pro-Brexit vote in some seats. In a development that potentially splits the euroskeptic vote in Britain, following British Prime Minister Boris Johnson’s rejection of calls to drop… Read More ›
