Daily Management Review
Business & Finance

Glencore's net profit drops in 2018

The net profit of the commodity trader Glencore (Switzerland) in 2018 decreased 1.7 times to $ 3.4 billion, the company said. Simultaneously, the trader announced repurchase of shares. The profit declined mainly due to non-cash impairments in Mutande and Mopani totaling $ 1.4 billion, compared with...

Will Europe let Huawei in?

Despite Washington’s warnings about the threat from the Chinese company Huawei, Berlin is going to allow it to create a 5G network in the territory of Germany. Next week, Barcelona will host MWC Barcelona, an international conference of representatives of the mobile industry. According to experts,...

Britain’s MI6 Chief Alex Younger Suggest Against Total Ban On China’s Huawei

It is unlikely that the strongest action of an outright ban on the Chinese telecommunication equipment giant Huawei in the United Kingdom would be imposed which was hinted at by the head of the Britain’s foreign-intelligence agency. While talking to the media, he reportedly said that class for an...

Accounts Of Venezuela's State Oil Company PDVSA In Russia's Gazprombank Frozen

The accounts of the Venezuelan state owned oil firm PDVSA has been frozen by the Russian bank Gazprombank and all of the transactions with the Venezuelan company has been halted by the bank so as to avoid being implicated by the US for violating American sanctions on the South American country,...

Ant Financial acquires British payment operator

After an unsuccessful attempt to enter the US market in 2017, the financial division of Alibaba Group focused its efforts on finding a partner in the European market. And eventually it succeeded: the company announced an agreement on the purchase of the British payment service WorldFirst. In a...

Amazon refuses to build headquarter in New York

Amazon unexpectedly decided not to build a new headquarters in New York, reports BusinessInsider. Amazon received a refusal from some New York politicians who were dissatisfied with the fact that the companies promised tax breaks worth almost $ 3 billion. The world's largest online retailer,...

New Renault Chief To Meet Nissan Chief As Alliance Remains Under Strain

Jean-Dominique Senard, the newly appointed chairman of French car maker Renault would be meeting Nissan Motor CEO Hiroto Saikawa for the second time since the French company had appointed him to replace the arrested former chairman of the company Carlos Ghosn in Japan.   This was first...

Renault reports decrease in profit

The French giant Renault is entering the new era without Carlos Ghosn. For the first time in five years, the company reported drop in profits against the background of declining sales in China and the weaker contribution of the Japanese partner Nissan Motor, in which Renault holds 43.4% of the...

Apple to create “Netflix for News”

The new service will be based on subscription: Apple plans to take 50% of the revenue, and share the remaining 50% between all media. Apple is developing a new paid service that will work on the principle of a news aggregator. However, the media don’t like the proposed financial terms of the...

No Huge Gap In Global Crude Market Due To US Sanctions On Venezuelan Oil

Any loss of crude oil in the international market because of the export sanctions imposed on Venezuela by the United States would not have too much impact on the global crude supply as there is enough spare capacity in other oil producers and strategic reserves which is potentially the reason that...
1 ... « 192 193 194 195 196 197 198 » ... 385