Houston’s Occidental to sell Colorado, Utah assets for $1.33bn to downsize debts 22-08-2020 US-based energy industry behemoth Occidental said in a statement later this week that the company was going to sell off some of its assets in Colorado and Utah for a upsum of $1.33 billion
San Francisco appeals court gives reprieve to Uber, Lyft in California 22-08-2020 Less than just a few hours before Uber and Lyft were due to classify their drivers as employees in California as asked by a lower court ruling, a superior appeals court paused the previous order
Uber, Lyft threaten California shutdown over driver status 21-08-2020 Uber and Lyft said in separate statements on Thursday that they would terminate their operations in the US state of California unless an appeal court granted a stay order for a verdict over its driver status
Cupertino’s Apple reaches $2 trillion in market cap as tech fortunes feather 21-08-2020 On Wednesday, Apple Inc. became the first US-borne company to have a market valuation of over $2 trillion
Fed officials worried about withdrawal of Government stimulus: FOMC minutes 20-08-2020 Readouts of July 28-29 Fed meeting published on Wednesday had revealed Fed policymakers' concern over a stand-off regarding another round of pandemic stimulus bill
California’s digital giant Google warns Australians could lose free search service 19-08-2020 On Monday, Google had warned Australian citizens that they might lose free search service if the Govt. press ahead with its slated plan to force tech giants to pay for the big-league commercial news services
South Africa’s Game re-enters clothing market after 15 years 18-08-2020 S. African general merchandiser Game said later last week it was going to re-enter into the discount clothing market after long 15 years
German anti-trust watchdog initiates new Amazon probe 18-08-2020 Chief of German anti-trust authority, Andreas Mundt said to a German daily newspaper on Sunday that the bloc's No. 1 economy's anti-trust watchdog was initiating a new probe on Amazon.com Inc.
Sibanye-Stillwater forecasts first-half profit on higher metal prices 18-08-2020 Later last week, S. African mining industry mogul Sibanye-Stillwater said in a statement that the mining company was expecting a profit over the first half of the year
Buffet’s Berkshire slashes JPMorgan, Wells Fargo stakes; adds Barrick Gold 17-08-2020 Revealing a regulatory filing with US SEC dated back to June 30, Berkshire said on Friday that it had slashed stakes in large US lenders
Trump orders ByteDance to divest US TikTok operation within 90 days 17-08-2020 Late on Friday the US President Donald Trump had ordered China's ByteDance to divest its Tiktok's US operation within 90 days
Tennessee Volkswagen factory to make e-vehicle cells, battery packs 15-08-2020 German carmaker Volkswagen said in a statement on Thursday that it was going to expand its US production line to manufacturer e-vehicle cells and battery packs
Carlsberg sees growth in Asia as global sales wobble 15-08-2020 Danish brewing company Carlsberg SA said on Thursday that its net profit tumbled 7.3 per cent over the second quarter of the year
Alabama Toyota-Mazda joint venture plant to cost $2.3 billion 15-08-2020 On Thursday, two Japanese carmakers, Toyota Motor Corp. and Mazda Motor Corp. said a joint statement that their planned expansion of a plant in the US state of Alabama would likely to cost 50% more than initially estimated
US weekly Jobless claims drop below 1 million for the first time in five months 15-08-2020 On Thursday, data revealed from the US Labour Department had revealed that the Americans filing for unemployment benefits for the first time in their lives had fallen bellow 1 million for the fist time in five months
Kansas theatre chain AMC to reopen in US on Aug. 20 with 20-cent ticket on first day 14-08-2020 AMC Entertainment Holdings Inc. said in a statement on Thursday that the movie theatre chain was going to re-open its US business on August 20
Californian home rental Airbnb Inc. to confidentially file for IPO in late-August 13-08-2020 A Wall Street Journal report had revealed earlier on Tuesday that the vacation home rental online marketplace Airbnb Inc. had been contemplating a US IPO as early as later this month
Tencent Music revenue jumps 18%, beats estimate as paid subscription doubles 13-08-2020 Shenzhen-headquartered Tencent Music Entertainment Group had reported a jump of 18 per cent in second-quarter revenues
Japanese tech giant Softbank Q2 profit rises 12% on stock rebounds 13-08-2020 The Japanese tech investment tycoon SoftBank Group Corp. had reported a 12 per cent rise in operational profit over Q2, 2020
Palo Alto e-vehicle titan Tesla Inc. to launch five-for-one stock split 13-08-2020 Late on Tuesday, the e-vehicle industry giant Tesla Inc. had announced a five-for-one stock split that would be distributed on August 28
Houston oil giant Occidental posts $8 billion in Q2 losses, outlines production cuts 12-08-2020 Occidental Petroleum had reported an $8.35 billion in quarterly losses earlier this week amid a multi-year low crude oil prices alongside write-downs of billions of dollars worth of assets
Buffet’s Berkshire takes $10bn writedown in pandemic-scarred Q2 but profits up 87% 12-08-2020 Later last week, Warren Buffet's Berkshire Hathaway had reported a rise in second quarterly profits of as much as 87 per cent
Botswana diamond exports plummets 68% as De Beers sales slumped $1 billion 11-08-2020 Botswana's Central Bank said in a statement later last week that the country's diamond exports were plunged 68% over Q2, 2020
Huawei smartphone chips run out amid crippling US sanctions, says Chinese media 11-08-2020 A Chinese newspaper Caixin reported over the weekend that Huawei was forced to halt production of its flagship Kirin chipsets amid stiffer US bans on its suppliers
Saudi Aramco reports 73.4% plunge in quarterly profit, sticks to $75bn dividends 11-08-2020 On Sunday, the Saudi's state-backed oil giant Aramco had reported a 73.4 per cent plunge in quarterly profit
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