Its downstream operations have however offset its upstream losses by $747 million. It has maintained its dividend of 10 cents per ordinary share. With British Petroleum reporting a humongous 80% drop in its oil revenues for the first quarter of… Read More ›
The surge in its profits is even more significant since it had reported a loss of $63 million in the previous year. With consumers flocking to U.S. telecom giant thanks to its deep discounts, T-Mobile US Inc., the No.3 wireless… Read More ›
Low-income families would now be offered discounted internet access by AT&T starting for as low at $5 a month. The new program, called Access from AT&T says that any home where at least one person receives food stamps will be… Read More ›
Login credentials were used as an intermediary step to compromise the very foundation of the global banking system banks and financial institutions depend on to transfer funds to one another. Security researchers from BAE have pointed to a far deeper,… Read More ›
Saudi Arabia expects that a stake of its state oil giant Saudi Aramco would be valued at more than $2 trillion. The officials of the country said this while they confirmed the plan to sell on Monday. Deputy Crown Prince Mohammed… Read More ›
The commodities market is the new obsession or Chinese speculators. Exchanges in Shanghai, Dalian and Zhengzhou have been prompted to boost fees or issue warnings to investors following trading in futures on everything from steel reinforcement bars and hot-rolled coils… Read More ›
Taking a significant step forward in its effort to emerge from the emissions-cheating scandal, Volkswagen AG agreed to fix or buy back about 500,000 tainted cars in the U.S. The German carmaker was commended at a hearing in San Francisco… Read More ›
Although the admission has wiped off $1.2 billion from its market capitalization, with the admission the company can now begin the process of rectifying the faults. Even in VW’s case, investors have wanted the company to turn a new leaf,… Read More ›
Oil traders are weighing another implied warning from the Saudi deputy crown prince: the threat of an intensifying clash with Iran over market share, after his comments thwarted supply negotiations in Doha. Talks between 16 producing countries on April 17… Read More ›
Despite the lifting of certain economic sanctions, the U.S. still has rules which forbid U.S. banks to work with Iran, which essentially acts as a barrier for Iran to benefit from the U.S. financial system. In the wake of Iran… Read More ›
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