Articles by admin

Qantas Airways Ltd may not place an order for planes capable of non-stop London-Sydney flights until early next year, the airline’s chief executive said on Friday after a 19 hour, 19 minute test flight landed in Australia’s biggest city. Alan Joyce said he saw a “double sunrise” as a passenger aboard the second of three research flights being conducted to help the Australian airline decide on whether to order planes for what would be the world’s longest commercial route. …read more […]

Bharti Airtel Ltd on Thursday posted a consolidated net loss of 230.45 billion rupees ($3.23 billion) in the second quarter of its financial year as it made provisions for dues owed to the government. Bharti said it made a provision of 284.50 billion rupees, more than 92% of the overall charge for exceptional items, after the Supreme Court last month upheld a demand by the telecoms department that wireless carriers pay 920 billion rupees ($12.97 billion) in overdue levies and interest. “We continue to engage with the government and are evaluating various options available to us,” Gopal …read more […]

(Bloomberg) — Saipem SpA is considering a combination with rival Subsea 7 SA to create a larger European oil services provider, people with knowledge of the matter said.The Italian company is pursuing a potential deal with Norway’s Subsea 7 as it seeks to bulk up and weather an industry downturn, according to the people, who asked not to be identified because the information is private. Shares of Subsea 7 have risen 15% in Oslo trading this year, giving the company a market value of about $3.2 billion.Saipem, whose biggest shareholder is Italian energy giant Eni SpA, is valued at about …read more […]

Infineon Technologies AG (ETR:IFX) came out with its annual results last week, and we wanted to see how the business… …read more […]

(Bloomberg) — Emergency, all hands on deck!That was the thrust of a remarkable letter Italian Prime Minister Giuseppe Conte sent to his ministers earlier this week, calling on them to put aside squabbles and come up with “proposals, projects, solutions or specific measures” to rescue a bankrupt steel mill in the southern city of Taranto.Conte’s unusual — some might say desperate — step highlights the pressure on his fragile coalition. The premier is scrambling for a solution to an industrial crisis that’s dominated front pages for weeks while providing fodder for the opposition.Worse still, it was Conte’s own allies who …read more […]

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios… …read more […]

Qantas Airways Ltd completed a 19 hour 19 minute non-stop test flight from London to Sydney on Friday as it nears a decision on whether to order planes for what would be the world’s longest-ever commercial route. “We saw a double sunrise,” Qantas Chief Executive Alan Joyce said after stepping off the flight, which followed a similar one from New York to Sydney last month. The event included speeches from Australian Prime Minister Scott Morrison and Qantas Chairman Richard Goyder. …read more […]

Boeing’s multibillion dollar contract to build U.S. astronaut capsules received an “unnecessary” extension from NASA, a watchdog report said on Thursday, the latest management blunders in the agency’s program to restart domestic human spaceflight. NASA agreed to pay Boeing Co a $287 million premium for “additional flexibilities” to accelerate production of the company’s Starliner crew vehicle and avoid an 18-month gap in flights to the International Space Station. NASA’s inspector general called it an “unreasonable” boost to Boeing’s fixed-priced $4.2 billion dollar contract. …read more […]

Oil prices posted early gains as OPEC’s outlook for oil demand next year fuelled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month. Optimism that the United States and China could soon sign an agreement to end their trade war also seeped into the market after White House economic adviser Larry Kudlow said a deal was “getting close”, citing what he called very constructive discussions with Beijing. West Texas Intermediate crude was up 29 cents, or 0.5%, at $57.06 a barrel, after falling …read more […]