Saudi Arabia’s energy minister said on Wednesday the Khafji oil field which is jointly operated with Kuwait would produce 320,000 oil barrels per day (bpd) at the end of 2020, Saudi-owned al-Arabiya TV reported.
Russia’s Sberbank plans to continue its partnership with Yandex even though it has transferred its ‘golden share’ in the country’s leading internet company to another entity, Sberbank’s Chief Executive German Gref told Reuters. To assuage Kremlin fears about potential foreign influence, Yandex this month approved changes to its corporate structure to establish a “public interest foundation” which would receive Sberbank’s golden share and a number of other rights. …read more […]
Russia’s Sberbank plans to continue its partnership with Yandex even though it has transferred its ‘golden share’ in the country’s leading internet company to another entity, Sberbank’s Chief Executive German Gref told Reuters.
Chevron has announced that it will take impairment charges of $10 billion in its fourth-quarter results, which may well be a worrying sign for the industry …read more […]
The Russian government plans to use the country’s National Wealth Fund (NWF) to buy the central bank’s stake in Sberbank, a state banker and a source familiar with the plan told Reuters on Wednesday. On Tuesday, Finance Minister Anton Siluanov said that Russia was discussing whether the central bank should continue to hold a controlling stake in the country’s largest lender Sberbank, confirming an earlier Reuters report. The second source said that under the plan the central bank would transfer any profits it earned from the sale of Sberbank to the state budget. …read more […]
Saudi Arabia’s energy minister said on Wednesday the Khafji oil field which is jointly operated with Kuwait would produce 320,000 oil barrels per day (bpd) at the end of 2020, Saudi-owned al-Arabiya TV reported. Prince Abdulaziz bin Salman made the announcement at Khafji oil field complex in Saudi Arabia, a day after signing a deal with Kuwait that ended a dispute over the partitioned Neutral Zone that is shared by the two countries. The two OPEC members halted production more than five years ago at Khafji and Wafra field, another jointly run field. …read more […]
Saudi Aramco said on Wednesday a new agreement between Saudi Arabia and Kuwait paves the way for the resumption of oil production in a zone shared between the two countries.
One area of the market that has been gaining steam: biotech stocks. A flurry of deals, FDA approvals, and recent innovations in the biotech space have seen the Nasdaq Biotechnology Index exhibit a quarterly uptick of 24%, easily beating the S&P 500’s 8.3% quarterly gain. The recent surge has helped the sector close the gap on the S&P 500’s stellar 2019, and a 27% year-to-date increase brings it into the realm of the major index’s 29% yearly gain.While earlier in the year, the sector as a whole may have lagged behind the general market trend, the biotech industry’s infamous volatility …read more […]
How do you beat the market? You take some risks along the way. Naturally, with added risk, as well as greater returns, you open yourself up to potential losses.As we move into 2020, and following a bountiful 2019, it can be hard to tell what the right investment is. Should you pick a stock that has great fundamentals, but for one reason or another has lagged behind the market? Or a beaten-down stock no one has picked up on? That’s one strategy that includes an amount of risk, for sure.Or maybe a stock that has outperformed the market but still …read more […]
The global investing landscape is poised to shift over the next decade thanks to the largest U.S. generation: millennials. …read more […]
No one will argue that Donald Trump once again was the most influential person in 2019. He was not alone, however, in what was another exciting year… …read more […]
China says it is in close touch with the United States on a trade deal signing ceremony, after U.S. President Donald Trump said on Tuesday that he and Chinese President Xi Jinping will have a ceremony to sign the recently struck Phase 1 trade deal.
(Bloomberg) — The operator of China’s high-speed rail line between Beijing and Shanghai kicked off its initial public offering, which will for the first time allow investors to buy shares in what is the world’s largest such network.Beijing-Shanghai High-Speed Railway Co., a unit of state-owned China Railway Corp., plans to sell as many as 6.3 billion new shares, or 12.8% of enlarged capital, through the listing in Shanghai, according to its prospectus released Wednesday. Book building for the IPO will begin Jan. 6, it said. The company didn’t say how much it aimed to raise through the sale.The listing adds …read more […]
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will… …read more […]
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is… …read more […]
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