Chevron and Exxon Record Losses in Q2 as Oil Demand Dips
Chevron and Exxon Mobil released their Q2 results on Friday that reveal the extent of the coronavirus pandemic on oil demand. The bloodbath witnessed in the oil sector has hurt [...]
Microsoft in Talks to Acquire TikTok US Operations
Microsoft is in talks to acquire TikTok's US operations in a move to revamp its advertising business. TikTok has come under immense pressure in the US due to security concerns [...]Boeing Posts $2.4 Billion Loss in Q2 2020
American planemaker, Boeing, posted a $2.4 billion loss in Q2 2020 (April to June), compared to a net loss of $2.942 billion during the same period last year. Revenue fell25 [...]
Cost Cutting Initiatives Boost Samsung's Q2 Net Profit to $4.64 Billion
Samsung Electronics recorded a 7.3% profit increase YoY to $4.64 billion compared to $4.3 billion in Q2 2019. The company made a net profit of $4.08 billion in Q1 2020. [...]Global Markets Headlines
Global Markets; Kodak Stock Surge, Earnings Report
US Markets opened higher on Wednesday's trading session even as quarterly earnings report continue to stream with the federal reserve expected to announce its decision on interest rates. According to [...]International Airlines to Resume Flights to Kenya
International airlines are gearing to resume flights in and out of Kenya, following President Uhuru Kenyatta's directive for international flights to resume from 1st August 2020. Emirates has scheduled a [...]Global Markets This Week
The price of gold surged to a fresh record high in Monday's morning trading session, topping $1,944.80 per ounce for the first time. Demand for the safe-haven asset was driven [...]Opinion: Returning to the Skies Rolls Royce
Author: Jacqui Sutton, Chief Customer Officer at Rolls Royce Civil Aerospace Many of our fleet of Rolls Royce engines have spent the past few months in hangars, runways or workshops, [...]Goldman Sachs to pay US$ 3.9 Billion compensation to Malaysia
Goldman Sachs has agreed to pay US$ 3.9 Billion to the Government of Malaysia. The payment is compensation for the loss of proceeds from the sale of bonds that Golden [...]
Renault's First Half Vehicle Sales Decline 34.9%
French carmaker, Renault, has announced a34.9%decline in their worldwide vehicle sales for the first half of 2020, attributed to the negative impacts of the global COVID-19 pandemic, with a majority [...]Global Markets Weekly Report
Wallstreet Major stocks on Wallstreet fell at close on Friday driven by escalating geopolitical tensions amid worries that postponed reopenings and renewed shutdowns induced by the pandemic will drag recovery [...]
