On Monday, in a news bulletin Bloomberg News stated citing anonymous sources, Nissan Motor is looking to divest some or all of its 34% stake in Mitsubishi Motors. The move is likely to reshape Nissan Motor’s three-way alliance which includes… Read More ›
According to an official from the International Energy Agency (IEA), if Europe sees renewed lockdown measures to contain rising cases of the coronavirus-induced COVID-19 pandemic it could push back the outlook for the global demand for oil towards a downward… Read More ›
On Wednesday, Subaru Corp raised its operating profit outlook by more than $1.05 billion following a more than expected rebounce in U.S. vehicle sale. Like its peers, Subaru, had to shutter its U.S. plants earlier this year because of the… Read More ›
In a significant development, U.S. oil giant Chevron Corp is staking its natural gas future on the Middle East, a typically volatile region where energy majors have long tread warily. Chevron’s CEO Michael Wirth’s Middle Eastern pivot underpins a bet that… Read More ›
In a statement Goldman Sachs said, in the coming weeks, it sees oil prices continuing their downward fall and that the “historic yet insufficient” deal by major oil producers to trim output is unlikely to offset the coronavirus-led demand rout…. Read More ›
In a statement, Warren Buffett’s Berkshire Hathaway Inc stated, it has sold around 18% of its stake in Delta Air Lines Inc as well as a 4% stake in Southwest Airlines Co earlier this week. The Wuhan Coronavirus pandemic is… Read More ›
On Thursday, Bank of America cut its world growth forecast to the lowest level since the peak of the global financial crisis in 2009. “We have cut our 2020 global growth forecast to 2.8% (from 3.2%). This would be the… Read More ›
Keith Block, the CEO of Salesforce.com Inc has stepped down from his office on Tuesday making Marc Benioff the sole CEO of the business software company. With the news reaching the market, shares of Salesforce fell by around 3% in… Read More ›
Weakening demand in China along with lost production due to China’s coronavirus has prompted Apple Inc to revise its sales target which it set just three weeks ago. So far the coronavirus pandemic has killed 1,770 people in China with… Read More ›
According to an opinion poll that was published on Saturday, British Prime Minister Boris Johnson’s Conservative Party is enjoying its highest levels of support since 2017. Johnson called for snap snap polls in Britain to end three years of disagreement… Read More ›
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