Year: 2020

LAVAL, Quebec, Sept. 16, 2020 /CNW/ — Bausch Health Companies Inc. …read more […]

(Bloomberg) — The United Arab Emirates sent a fresh signal it will make up for pumping too much oil in the past two months, as crude prices come under renewed pressure from sagging energy demand and rising coronavirus infections.Abu Dhabi National Oil Co., which produces almost all the UAE’s crude, has indicated to refiners and traders that reductions in oil shipments for October will continue through November.Adnoc will cut 25% of supplies based on volumes customers ask to receive in November, according to a statement seen by Bloomberg. All four of Adnoc’s grades of crude — Murban, Umm Lulu, Das …read more […]

Investors who take an interest in Cigna Corporation (NYSE:CI) should definitely note that the Executive VP & CFO, Eric… …read more […]

We’re sick.
Nearly a decade ago, we made waves when we published a piece that claimed the government was the average investor’s biggest risk factor.
At the time, we were debating public healthcare, counting stimulus dollars, pumping up the oil market and fighting a couple of lingering wars.
It left us with a cold sweat and a twist in our stomach.
Things have only gotten worse.
The nation’s economy is still dependent on stimulus dollars. Tax rates and Fed decisions steer the market. And the Dow’s daily gyrations hinge on the latest headline from Washington.
But this week, things hit an extreme.
China has come to America.
We …read more […]

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The pandemic initially cut global fuel demand 30% and refiners temporarily idled plants. * Australia has proposed offering incentives worth A$2.3 billion ($1.68 billion) over 10 years to keep the country’s four remaining oil refineries open and said it would invest in building fuel storage as part of a long-term fuel security plan. …read more […]

Top news and what to watch in the markets on Wednesday, September 16, 2020. …read more […]

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Online sales grew 74 percent over the first half. …read more […]

Alibaba Group Holding Ltd and China Mobile Communications Group Co Ltd are considering investing 3 billion yuan ($443 million) in Zhejiang Dahua Technology Co Ltd, three people with knowledge of the matter said. Dahua, China’s second-largest surveillance equipment maker, is among Chinese tech firms that Washington last year placed on a blacklist of companies it said helped Beijing monitor and detain Uighurs and other Muslim minorities. E-commerce leader Alibaba and top telecommunications group China Mobile plan to jointly invest in Shenzhen-listed Dahua – which has a market capitalisation of $10.3 billion – via a private share placement in …read more […]

Adobe delivered stronger-than-expected 3Q results, thanks to the robust demand for cloud-based creative software amid the coronavirus pandemic. The software maker’s 3Q adjusted earnings jumped 25% to $2.57 per share year-on-year, and topped analysts’ estimates of $2.41. Its revenues rose 14% to $3.23 billion and also came above the Street consensus of $3.16 billion. Shares rose 1.9% after-hours on Tuesday.Adobe (ADBE) said sales of the company’s flagship creative segment increased 19% to $1.96 billion, while revenues at its document cloud division grew 22% to $375 million, benefiting from the increase in remote work trends during the pandemic. Adobe’s digital media …read more […]

(Bloomberg) — Alibaba Group Holding Ltd. helped modernize brick-and-mortar retail with consumer data and online services. Now it hopes to do the same for China’s multitrillion-dollar manufacturing arena.China’s largest corporation unveiled Wednesday a factory it’s been operating under wraps for the past three years on the outskirts of its hometown of Hangzhou, churning out apparel for clothing merchants on its Taobao and Tmall marketplaces. Dubbed Xunxi, the so-called smart or connected factory is designed to showcase Alibaba’s newest line of business, offering data analytics and back-end technology to manufacturers so they can customize and fine-tune factories in response to consumer …read more […]

Alibaba Group Holding Ltd and China Mobile Communications Group Co Ltd [CHNMC.UL] are considering investing 3 billion yuan ($443 million) in Zhejiang Dahua Technology Co Ltd, three people with knowledge of the matter said. Dahua, China’s second-largest surveillance equipment maker, is among Chinese tech firms that Washington last year placed on a blacklist of companies it said helped Beijing monitor and detain Uighurs and other Muslim minorities. E-commerce leader Alibaba and top telecommunications group China Mobile plan to jointly invest in Shenzhen-listed Dahua – which has a market capitalisation of $10.3 billion – via a private share placement …read more […]

(Bloomberg) — At a funeral last week in the mountains of northern India, one of Prime Minister Narendra Modi’s top aides paid respect to a Tibetan soldier killed on the front lines of deadly clashes with China.Surrounded by troops waving the flags of both India and Tibet, Ram Madhav laid a wreath before the coffin during a ceremony that gave the deceased man full military honors. In a now-deleted tweet, the national general secretary of Modi’s ruling Bharatiya Janata Party said he hoped the soldier’s death would lead to peace along the “Indo-Tibetan border.”The rare recognition of a secretive Indian …read more […]

(Bloomberg) — BP Plc offered a glimpse of the profitability of its huge and secretive trading arm, suggesting it makes annual returns of as much as $2.5 billion.The revelation, which came during presentations this week about the company’s clean-energy plans, follows the emergence of trading in the first half of the year as one of the few bright spots for BP and its peers. The operations brought a torrent of cash that partly offset the impact of the coronavirus crisis on oil prices and energy demand.BP’s in-house trading business has a “long track record” of boosting the company’s return on …read more […]