Business – Page 53 – PressClub World

14. 2. 2019 No Responses

Emirates ordered 40 A330-900, 30 A350-900, Airbus to finish A380 production

Emirates has today agreed to order 40 twin-engined Airbus A330-900 and 30 twin-engined new-generation Airbus A350-900 aircrafts. The total value of the order according to catalog prices is $21.4 billion. Airlines, however, usually receive large discounts from manufacturers, with large...

13. 2. 2019 No Responses

France Mulls EdF De-Listing

The French government is considering buying out minority shareholders of EdF (Electricite de France SA), amid nuclear challenge. It’s the first step in a corporate restructuring to address the challenge of replacing the country’s nuclear-powerplants. T...

12. 2. 2019 No Responses

Nissan earnings up, outlook dim

Japanese carmaker Nissan Motor raised quarterly operating profit by a quarter to 103.3 billion yen (about $ 890 million). Profit, however, did not meet the expectations of analysts and the carmaker reduced the year-round view. Nissan also announced that it...

12. 2. 2019 No Responses

TSMC at full steam ahead to 7nm volume production in March

Taiwan Semiconductor Manufacturing Company (TSMC) expects to start production at an industrial level of 7nm at the end of March, ASML, which supplies EUV (extreme UV) lithography equipment, wants to supply 30 EUV systems in 2019. Of the sets to...

12. 2. 2019 No Responses

TUI has widened quarterly losses

TUI Group – largest travel company in the world, associating 1,600 travel agencies, reported a sharp deterioration in economic results. Its loss increased to 83.6 million euros ($ 94.34 million) in the last quarter of the year (the first fiscal...

11. 2. 2019 No Responses

Driverless delivery startup Nuro raises almost $1 billion from SoftBank

Nuro is already testing fully driverless grocery deliveries in the Phoenix area on public roads. The autonomous delivery startup Nuro has raised $940 million from The Softbank Vision Fund, making it one of the most generously funded startups in the driverless...

10. 2. 2019 No Responses

Free-Falling Freight Rates Spell Trouble For Shipping

In the alternative media false articles were made about “Dry Baltic Index” as “container ship rent rate” etc. These are the creations of half-educated new generation journalists. The Baltic Dry Index is not about container ships, it is ...

9. 2. 2019 No Responses

Tata Steel Q3 profit surges 53% YoY and Tata Motors shares plunge most in 26 years after record loss

Tata Steel Q3 profit surges 53% YoY to Rs 1,751 crore, India business revenue up 10%. The revenue has risen 23% to Rs 41,219 crore vs. Rs 33,446.6 crore last year. EBITDA (earnings before interest, taxes, depreciation and amortization) rose 18% to...

8. 2. 2019 No Responses

The South African President has promised to save the Eskom and divide it into 3 entities

South African power plants Eskom, which produce 95% of electricity in South Africa, are facing $ 30 billion in debt. South African President Cyril Ramaphos announced that Eskom will be divided into three entities. Utility holding Eskom consists of 3...

7. 2. 2019 No Responses

ArcelorMittal profit up, launches negligible buyback

ArcelorMittal (symbol: MT) said Thursday that its net profit rose in the Q4 and launched a $113.4 million share buyback. The Luxemburg-based steelmaker reported a quarterly net profit of $1.19 billion, up from $1.04 billion a year earlier, due in part...

6. 2. 2019 No Responses

Toyota warn on profits as car challenges mount

Toyota, whose net profit last month fell 81%, cut its annual profit expectations for the 12 months to March by 19% to ¥1.87 Trillion. Toyota’s operating profit flatlined in the latest quarter as cost increases and lackluster sales offset a...

5. 2. 2019 No Responses

Outrage as Once-Free Drug Now Costs $375,000

Sen. Bernie Sanders (I-Vt.) is demanding to know why a pharmaceutical company has slapped a $375,000 list price on a drug that patients used to get for free. Sanders accused Patrick McEnany, president and CEO of Catalyst Pharmaceuticals Inc., of...

4. 2. 2019 No Responses

Ford sales rise about 7% in January, GM down 7%

Ford and GM are no longer announcing monthly sales but Bloomberg sources say Ford was up about 7% and GM down about 7%. Earlier Volkswagen was reported down 6.7% so the consumer is looking a tad soft to start the...

4. 2. 2019 No Responses

Ryanair slips into the red

The low-cost carrier issues a dark outlook and warns that the risk of a no-deal Brexit remains “worryingly high”. Ryanair slipped to a quarterly loss of €19.6m (£17.2m) after competition pushed down air fares across Europe. The company has reite...

3. 2. 2019 No Responses

10-year Treasury yield logs largest weekly drop in a month

Bonds contend with a turbulent week. Treasury yields rose sharply Friday as a round of solid economic data from U.S. factories and households helped to pare back the bond-market’s midweek rally, after the Federal Reserve signaled a more dovish policy...

« Previous 1 … 51 52 53 54 55 Next »