On Thursday, Australia’s ioneer Ltd stated, it has won two contracts for the distribution and sales of boric acid from its flagship Nevada-based U.S. project. The contracts with Kintamani Resources and Bangladesh-based Boron Bazar, will each be valid for three… Read More ›
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Nasdaq to heighten IPO listing transparency, place minimum value on size of IPO
According to sources familiar with the matter at hand, Nasdaq Inc is set to unveil stricter regulations on initial public offerings (IPOs). The move is aimed at bringing increased transparency, especially for some Chinese companies, who want to debut on… Read More ›
CFOs of Britain’s 100 biggest companies have reduced risk appetite due to coronavirus pandemic
According to the results of a survey published on Monday by Deloitte, large companies in Britain expect the coronavirus to reduce their sales by more than a fifth this year. They expect the impact of the coronavirus to be worse… Read More ›
Novartis Q1 sales, core operating profit and net profit meets 2020 targets
Profits and first quarter sales of Swiss drugmaker Novartis have met their 2020 targets following sales at its generics unit continuing through the coronavirus lockdown without disruptions its business. Novartis’ core net income rose to $3.55 billion, up from $2.8… Read More ›
Nissan seeking $4.6 billion line of credit following coronavirus sales hit
On Thursday, Japan’s Nikkei business daily reported, Nissan Motor has requested a $4.6 billion (500 billion yen) line of credit from major lenders following a downward trend in sales due to the coronavirus outbreak. Nissan made the request to three… Read More ›
Nissan’s China sales drop by 44.9, sees signs of recovery in market
On Wednesday, in a statement Japanese automaker Nissan said, sales in China in March have dropped by 44.9% from a year earlier to 73,297 units. The coronavirus epidemic continues to ravage the global automotive industry. On a positive note, Nissan,… Read More ›
China’s Great Wall Motor to purchase General Motors’ Thailand car plant
On Monday, China’s Great Wall Motor stated it had signed a binding agreement to purchase General Motors’ car plant in Thailand. General Motors is retreating from markets outside of the United States and China and is winding down designs, sales… Read More ›
Cyber Monday sales in U.S. grosses a record $9.2 billion
Cyber Monday sales, riding on the back of a bumper Black Friday sales, are on course to bring in a record $9.2 billion, according to evening estimates. Shoppers have had nearly a month of offers and deals with retailers banking… Read More ›
Russian military exports unaffected by U.S. sanctions: Rostec CEO
On Monday, the head of Russia’s state conglomerate Rostec said, Russian military export sales have not been affected by U.S. sanctions. Following Russia’s annexation of Crimea from Ukraine along with other factors, the United States had imposed sanctions on Russia…. Read More ›
Toyota unveils $1.8 billion share buyback through March 2020
Toyota’s second quarter profit profits have been 9 analysts’s estimate as per Refinitive data. On Thursday, Toyota Motor Corp unveiled a $1.8 billion share buyback after reporting a more-than-expected quarterly profits, on the back of improved global sales. Toyota Motor… Read More ›