Recent Posts - page 308

• Best Quarterly Results Since 2017 Posted By Exxon; Will Resume Share Buybacks

  By admin2 on October 29, 2021 • ( 0 )

  

  Exxon Mobil announced on Friday that it will resume a share repurchase program next year, citing stronger earnings prospects following quarterly results that exceeded analysts’ expectations. The world’s largest oil producer reported an adjusted profit of $1.58 per share, topping… Read More ›

• Apple Dislodged By Microsoft As The World’s Most Valuable Company

  By admin2 on October 29, 2021 • ( 0 )

  

  Microsoft Corp has dislodged Apple Inc as the most valuable publicly listed company in the world on Friday, because of the continued drop in the share price of the iPhone maker.   The lingering global supply chain problems resulted in… Read More ›

• CD&R’s $10 Bln Acquisition Of Morrisons To Be Probed By UK Watchdog

  By admin2 on October 29, 2021 • ( 0 )

  

  The British supermarket chain Morrisons has to be managed as a separate company while its 7 billion pounds ($9.7 billion) merger deal with Clayton, Dubilier & Rice’s (CD&R) is being reviewed by Britain’s competition regulator, according to the watchdog. CD&R… Read More ›

• 70% Of Global Population Should Be Vaccinated By Mid-2022, Says G20

  By admin2 on October 29, 2021 • ( 0 )

  

  Finance and health ministers from the world’s 20 largest economies (G20) said on Friday that they will make efforts to guarantee that 70% of the world’s population is vaccinated against Covid-19 by the middle of 2022 and that a task… Read More ›

• Taliban fighting losing battle to keep Afghanistan’s economy running

  By admin1 on October 29, 2021 • ( 0 )

  

  With Afghanistan facing a severe cash crunch, migration crisis and mass starvation, the Taliban government is pressing for the release of billions of dollars from its central bank reserves. Afghanistan has parked billions of dollars in assets overseas with central… Read More ›

• SK Hynix to acquire Key Foundry for $492.41M

  By admin1 on October 29, 2021 • ( 0 )

  

  In a statement on Friday, SK Hynix Inc, the world’s second-largest memory chip said, it will acquire South Korea-based Key Foundry for $492.41 million (576 billion won). Key Foundry’s 8-inch wafer foundry manufactures chips for power management, display driver and… Read More ›

• Ford to suspend production at Mexico plant due to material shortages

  By admin1 on October 29, 2021 • ( 0 )

  

  In a statement, Ford Motor Co said, it will suspend production at its Hermosillo plant in northern Mexico from November 1 to November 5 because of material shortages.

• Commonwealth Bank of Australia pleads guilty to 30 criminal charges

  By admin1 on October 29, 2021 • ( 0 )

  

  On Friday, in a statement the Australian Securities and Investments Commission (ASIC) said, the Commonwealth Bank of Australia, the country’s largest lender has pleaded guilty to 30 criminal charges for mis-selling consumer credit insurance between 2011 and 2015. The scrutiny… Read More ›

• Japanese Firms Hit Heavily By Global Supply Constraints

  By admin2 on October 28, 2021 • ( 0 )

  

  A worldwide parts and chip scarcity is weighing heavily on Japanese industries, with seven out of eight automakers reporting a decline in global output in September. This has cast doubts on the central bank’s assumption that the impact of supply… Read More ›

• German Consumers Slated To Face Higher Prices Across The Board

  By admin2 on October 28, 2021 • ( 0 )

  

  German customers are facing higher pricing for items across the board as more firms in Europe’s largest economy opt to pass on their higher manufacturing costs to customers as a result of widespread supply constraints and a rise in energy… Read More ›

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