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 ›
Creativity
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 ›
New COVID19 outbreaks weighs on business confidence in Australia
In July, business condition in Australia rose with the service sector rebounding from a national lockdown; however confidence level took a direct hit following renewed Wuhan coronavirus outbreaks in the state of Victoria, Australia’s second most populous state. The country;s… Read More ›
Companies not following U.S. Accounting Standards will be delisted as of 2022: U.S. Treasury Secretary Steven Mnuchin
In a significant development, U.S. Treasury Secretary Steven Mnuchin stated, companies listed on the U.S. stock exchange, including Chinese ones, which do not comply with accounting standards will be delisted as of December 2021. U.S. officials and Mnuchin had recommended… Read More ›
Occidental Petroleum Corp posts $8 billion loss in Q2
In a statement Occidental Petroleum Corp, said, its second quarter loss has ballooned to $8.35 on lower energy prices and write-downs; it has been trying to reduce its debt load midst a the Wuhan coronavirus pandemic which has slashed the… Read More ›
Global insurance rates up by 19% due to COVID19 and other large losses in Q2
On Monday, in a statement insurance broker Marsh stated, global commercial insurance rates saw a rise of 19% during the second quarter, driven by higher by claims related to COVID-19 and other large losses. The company is witnessing its highest… Read More ›
Green shoots seen in Italian economy, bank lending rises in June 2020
On Monday, data released from Italy’s central bank showed, in June 2020, Italian banks had increased their lending to companies with business resuming after the Italian government gradually lifted a national lockdown to mitigate health risks from the Wuhan coronavirus…. Read More ›
Norwegian oil and gas giant appoints Anders Opedal as CEO
On Monday, Norwegian oil and gas giant Equinor said it has appointed Anders Opedal as its new CEO with effect from November 2, 2020. Opedal will be replacing Eldar Saetre who is set to retire after serving the company for… Read More ›
manageria.biz 