Daily Management Review
Business & Finance

According To A Trade Group, Mexican Craft Beer Will Gain Ground Despite Rising Costs

The Mexican craft beer industry is expected to grow by more than 10% this year, according to the country's brewing association ACERMEX, despite skyrocketing costs and competition from European-owned heavyweights.   "The effects of the pandemic, added to the war between Russia and Ukraine ......

Net Profit Of India's ICICI Bank Rises 37% With Fall Of Provision For Bad Loan

On Saturday, ICICI Bank, India's second-largest private-sector lender, reported a 37% increase in quarterly net profit as loan growth increased and provisions for bad loans decreased.   According to Refinitiv IBES data, net profit for the three months ending September 30 increased to 75.58...

AT&T Increases Its Annual Profit Projections Due To Strong Wireless Additions

AT&T Inc raised its annual profit forecast and reported a better-than-expected adjusted profit in its third quarter on Thursday, citing strong demand for its phone and internet services, as well as an increase in the number of Americans upgrading to 5G plans.   AT&T has returned to...

YouTube Broadens Audio And Podcast Ad Campaigns For Brands

Alphabet Inc's YouTube said on Monday that it will expand ways for advertisers to reach music and podcast listeners as well as viewers on connected televisions.   The announcements come as the advertising industry has struggled in the face of record-high inflation and supply-chain...

BP Will Pay $4.1 Billion For Acquiring US Biogas Producer Archaea

BP will pay approximately $4.1 billion for Archaea Energy Inc, a U.S.-based producer of renewable natural gas (RNG), the companies announced on Monday, as the British energy major seeks to expand its alternative fuels business.   The transaction will be the largest RNG acquisition to date,...

Hyundai to spend $5.5B on e-cars plant in U.S.

The South Korean carmaker Hyundai stated that it will start constructing a factory to develop electric vehicles and batteries in the United States in October. According to a corporate statement cited by Reuters, the project's expected cost is $5.5 billion. for $5.5 billion The plant is expected to...

Netflix to introduce cheap subscription plan with ads

According to the website for the streaming service, Netflix will release a new, less expensive subscription plan with commercials in November. The statement reads, "We are excited to debut "Basic with Ads, Netflix's more affordable plan with advertisements in November. The price of this plan is...

Cameco and Brookfield Renewable buy U.S. Westinghouse for $7.9B

Westinghouse Electric, one of the biggest nuclear power businesses in the world and the United States, will be acquired by a group of Canadian firms Cameco and Brookfield Renewable, according to a deal announced yesterday night. The deal has a $7.875 billion value. Brookfield Renewable will receive...

Mizuho Financial Group to pay $552 for Rakuten Securities

Mizuho Financial Group, one of Japan's top banks, announced acquisition of 19.99% of Rakuten Securities online broker for 80 billion yen ($552 million). The transaction should be finished in November. Rakuten Securities' customers and technologies will be available to Mizuho. Rakuten Holdings,...

LG Electronics estimates revenue growth of 14 percent in Q3

According to a recently revealed preliminary estimate from LG Electronics in South Korea, third-quarter 2022 revenue could increase 14% year over year to 21.2 trillion won ($15.1 billion). The estimate shows that operating profit grew by 25% year over year to 746.6 billion won ($532 million) in the...
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