Articles by admin

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]

North American oil and gas producers have cut capital spending by about 30% on average, according to data compiled by Reuters. BPBP said it planned to reduce capital and operational spending, which was about $15 billion last year. Chevron Corp said it aimed to trim spending and lower oil output in the near term. …read more […]

Top news and what to watch in the markets on Wednesday, March 17, 2020. …read more […]

(Bloomberg) — Tencent Holdings Ltd.’s quarterly earnings missed estimates after China’s economic slowdown eroded its core gaming business and the cost of fending off ByteDance Inc. and other rivals rose.Net income came in at 21.6 billion yuan ($3.1 billion) in the three months ended December, compared with the average analysts’ estimate of 22.8 billion yuan. Revenue rose a slightly stronger-than-expected 25% to 105.8 billion yuan. While online gaming sales grew 25% — the first double-digit growth of that metric that China’s leading gaming company has managed since the first quarter of 2018 — overall costs swelled almost 20%.Tencent’s worse-than-anticipated profit …read more […]

Nokia said in December it planned to appoint its former networks chief, Baldauf, 64, as chairman, to lead Nokia’s fight against rivals in 5G Huawei and Ericsson. Baldauf’s appointment requires the approval of shareholders, but this week Finland started to close its borders and banned larger public gatherings as it tries to slow the spread of coronavirus. Nokia said it would convene the annual general meeting as soon as it is practical to do so and called for measures to allow fully virtual general meetings. …read more […]

(Bloomberg) — Follow Bloomberg on LINE messenger for all the business news and analysis you need.Malaysia will be closing most of its palm oil operations as the country shutters non-essential business in an effort to fight the spread of the coronavirus, according to the Malayan Agricultural Producers Association.The world’s second-largest producer will be halting operations at plantations, mills and factories for two weeks starting Wednesday, the trade group said. The government order will exclude palm oil refineries, which process crude palm oil into edible oils used in cooking oil, ice cream and margarine, as well as non-edible oils used in …read more […]

(Bloomberg) — King Dollar is creating a new headache for virus-battered economies globally, with emerging markets especially vulnerable as they try to cope with collapsing currencies and plunging demand.Investors are fleeing emerging markets in record numbers and piling into the safe-haven greenback, with two emergency interest-rate cuts this month by the Federal Reserve doing nothing to diminish the dollar’s appeal.With the dollar more integrated into the world economy than ever before, its gains are an added stress for businesses and governments as they brace for soaring costs on their dollar debt. The dilemma for emerging market central banks is that …read more […]