China’s ruling Communist Party announced Thursday that the country will start allowing all married couples to have two children, abolishing an unpopular policy that limited many urban families to only …
The oil sector is gradually slipping into the red after years of fat profits as the slump in oil prices and a grim outlook bite deeper. The world’s top oil companies have struggled in recent months to cope with the halving of oil prices since June 2014, cutting spending repeatedly, making thousands of job cuts and scrapping projects. The lower-for-longer outlook for oil prices took its heaviest toll yet in
NEW YORK (AP) — Caitlyn Jenner, Reese Witherspoon, Misty Copeland and five women touched by the South Carolina church massacre and lauded in the aftermath as “The Peacemakers of Charleston” are among this year’s honorees as Glamour magazine’s Women of the Year.
The oil sector is gradually slipping into the red after years of fat profits as the slump in oil prices and a grim outlook bite deeper. The world’s top oil companies have struggled in recent months to cope with the halving of oil prices since June 2014, cutting spending repeatedly, making thousands of job cuts and scrapping projects. The lower-for-longer outlook for oil prices took its heaviest toll yet in
By Jussi Rosendahl and Leila Abboud HELSINKI/PARIS (Reuters) – Finnish network equipment maker Nokia reported stronger-than-expected quarterly profits as growth in China offset weaker demand in other key markets, and said it would return money to shareholders after acquiring Alcatel-Lucent . The tie-up will vault the new company into a stronger position to compete with Sweden’s Ericsson and low-cost Chinese player Huawei [HWT.UL], in a market for telecom network gear
LAS VEGAS (AP) — MGM Resorts International plans to spin off part of its casino-resort real estate into a separate company that will lease the properties back to MGM to boost value for shareholders and give both companies more flexibility to grow.
Today one of the greats in the business sent King World News a fantastic piece that covers everything from the 1929 stock market crash to yesterday’s FOMC and market reaction across the globe.
By Nailia Bagirova BAKU (Reuters) – Azeri President Ilham Aliyev, helped by an oil-fueled economic boom, will maintain his tight hold on power with victory this weekend for his political party in polls opponents are boycotting and international rights groups say will not be fair. Azerbaijan is host to oil majors including BP, ExxonMobil and Chevron. Ilham Aliyev has consolidated power since succeeding his father and long-serving leader Heydar in
