Niks Evalds/iStock Editorial via Getty Images Apple Inc’s (NASDAQ:AAPL) annual sales in India hit a record of almost $8 billion, with iPhones accounting for more than half of the sales, Bloomberg News reported on Monday, citing a person familiar with the matter. The India revenue jumped about 33% in theContinue Reading
jetcityimage/iStock Editorial via Getty Images The Federal Trade Commission plans to delay its decision on whether to block Chevron’s (NYSE:CVX) takeover of Hess (HES) until after the arbitration case with Exxon Mobil (XOM) is settled, Bloomberg reported Thursday. The arbitration case with Exxon (XOM), which claims to have a rightContinue Reading
scanrail/iStock via Getty Images GrafTech International (NYSE:EAF) is exploring options for raising new money, reaching out to opportunistic funds about providing fresh financing, Bloomberg reported Friday. Options for consideration by the manufacturer of graphite electrodes used in steel production include the transfer of assets to a different subsidiary and borrowingContinue Reading
CHUNYIP WONG European energy majors Shell (NYSE:SHEL), BP (BP) and TotalEnergies (TTE), as well as Japan’s Mitsui (OTCPK:MITSF) (OTCPK:MITSY), have agreed to buy a 10% stake each in Abu Dhabi National Oil Co.’s Ruwais liquefied natural gas plant, Bloomberg reported Friday. The United Arab Emirates currently has just 5.8M tonsContinue Reading
straga/iStock via Getty Images Saudi Aramco (ARMCO) and Abu Dhabi National Oil Co. have been separately studying potential bids for Australia’s Santos (OTCPK:STOSF) (OTCPK:SSLZY), as both seek to ramp up their natural gas investments overseas, Bloomberg reported late Wednesday. Santos (OTCPK:STOSF) (OTCPK:SSLZY) owns liquefied natural gas projects in Australia, PapuaContinue Reading
RHJ/iStock via Getty Images Vale (NYSE:VALE) has selected veteran mining executive Shaun Usmar to take the helm of its base metals division, Bloomberg reported Wednesday. Usmar would bring more than 30 years of industry experience to the position, with his latest role as founder and CEO of streaming company TripleContinue Reading
thamerpic/iStock Editorial via Getty Images Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) is scrapping plans to sell its stake in Kazakh mining company Kazzinc after bids from potential buyers failed to match its valuation, Bloomberg reported Wednesday. Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) had been considering exiting the business following interest from Chinese buyers, but it hasContinue Reading
Mark Renders/Getty Images News BASF (OTCQX:BASFY) has abandoned plans to invest in lithium mining assets in Chile, as a slowdown in electric vehicle adoption worldwide drags down battery metal prices, Bloomberg reported Tuesday. BASF (OTCQX:BASFY) pulled out of initial talks with Wealth Minerals Ltd. (OTCQB:WMLLF), which owns exploration projects inContinue Reading
Indigo Division Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY) is considering options to move forward with a sale of its coal business despite last weekend’s explosion at its flagship Grosvenor mine in Australia, including the possibility of selling individual assets or excluding the damaged operation from a potential deal, Bloomberg reported Tuesday. WhileContinue Reading
Chicago Federal Reserve President Austan Goolsbee said policymakers should cut interest rates if U.S. inflation continues to fall back to the 2% target, reported Bloomberg News on Tuesday. According to the report, Goolsbee, while speaking on Bloomberg TV in Sintra, Portugal, said he feels “we are on a path toContinue Reading
