Category: Business

US Oil Output Hits 12 Million Barrels Per Day
22. 2. 2019 No Responses

US Oil Output Hits 12 Million Barrels Per Day

U.S. crude oil production reach 12 million BPD in mid-February, according to the EIA actual report. EIA’s weekly petroleum report showed crude output jump more than 1.7 million BPD compared to February 2018: From 10.3 million BPD to 12 million BPD....
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US core capital goods orders unexpectedly drop in December
21. 2. 2019 No Responses

US core capital goods orders unexpectedly drop in December

The data pointed to a further slowdown in business spending on machinery and non-defense equipment. The December report was delayed by a 35-day shutdown of the federal government that ended on Jan. 25. The Commerce Department said the “processing and da...
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Onalaska – Small Town in Big Bizjet Business
20. 2. 2019 No Responses

Onalaska – Small Town in Big Bizjet Business

Onalaska, Texas small town with 2,755 inhabitants, has 1,000 registered bizjets, but no airport. WFAA TV station, has revealed this mystery and investigation found planes were registered to two post office boxes in Onalaska. WFAA said Onalaska had more regi...
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Top Managers of 10 Hedge Funds Gained $7.7 Billion
18. 2. 2019 No Responses

Top Managers of 10 Hedge Funds Gained $7.7 Billion

The year 2018 was one of the worst for most of the mutual and hedge funds. Unable to recognize the “Bubble of everything”, most of the funds lost 12 to 25% of their NAV. Despite the unfavorable developments in the...
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Emirates ordered 40 A330-900, 30 A350-900, Airbus to finish A380 production
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 ...
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France Mulls EdF De-Listing
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...
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Nissan earnings up, outlook dim
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...
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TSMC at full steam ahead to 7nm volume production in March
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...
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TUI has widened quarterly losses
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...
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Driverless delivery startup Nuro raises almost $1 billion from SoftBank
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...
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Free-Falling Freight Rates Spell Trouble For Shipping
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 ...
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Tata Steel Q3 profit surges 53% YoY and Tata Motors shares plunge most in 26 years after record loss
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...
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The South African President has promised to save the Eskom and divide it into 3 entities
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...
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ArcelorMittal profit up, launches negligible buyback
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...
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Toyota warn on profits as car challenges mount
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...
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