On Thursday, German conglomerate Thyssenkrupp said, some of its businesses were stabilising in the current quarter after taking heavy hits from the coronavirus pandemic. Thyssenkrupp has reported a fiscal third-quarter adjusted operating loss from continuing operations, minus the elevator business… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
With the Apple CEO Tim Cook nearing the milestone of leading the company for a decade now, he has also attainted another milestone of his on – he has now become a billionaire. With the jump in share price of… Read More ›
The biggest pizza delivery chain of the United Kingdom, Domino’s Pizza, reported a slump in its order during the novel coronavirus pandemic as customers were prevented from collecting orders because of the strict travel and movement restrictions imposed to prevent… Read More ›
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