Author: Press Room
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan has placed its first order for discounted Russian under a deal struck between Islamabad and Moscow, the country’s petroleum minister said, with one cargo to dock at the port of Karachi in May. Pakistan’s purchase gives Russia a new outlet, adding to Moscow’s growing sales to India and China, as it redirects oil from western markets because of the Ukraine conflict. As a long-standing Western ally and the arch-rival of neighbouring India, which historically is closer to Moscow, analysts say the crude deal would have been difficult for Pakistan to accept, but its…
(Reuters) – Investors are gearing up for a busy week ahead, when the bulk of the components report earnings, the dollar could see if it’s regained any forex-appeal and the Bank of Japan’s new governor chairs his first policy meeting. Here’s a look at the week ahead in markets from Lewis Krauskopf in New York, Kevin Buckland in Tokyo, Alun John, Naomi Rovnick and Amanda Cooper in London. 1/ MEGACAP MOMENT The heart of first-quarter U.S. earnings season arrives next week, with some of the biggest companies reporting results. Three of the four biggest U.S. companies by market…
Chris Mullin was regarded as one of the most likeable MP’s in Westminster, serving well before it became poisoned and banalised by the Brexit bullies. He had many talents – a human rights campaigner and notable author. His book ‘A Very British Coup’ is very good and was turned into an excellent tv series. His political diaries are amongst the best of the genre. Early last week, a particular phrase in those diaries came to mind. In 1997, when Tony Blair had come to power, Mullin wrote ‘To my surprise I notice that Blair is given to mild name-dropping. This…
On October 26, 2021, Algonquin Power & Utilities (AQN) announced it would buy American Electric Power’s (AEP) Kentucky Power and Kentucky Transco units for roughly $2.846 billion, including $1.221 billion in assumed debt. Despite a price tag then equal to more than 30 percent of Algonquin’s market capitalization, the company assured investors the purchase would be accretive to earnings per share the first year after closing. After that, it projected “mid-single digit percentage accretion.” The key driver: Cost savings and rate base growth from replacing Kentucky Power’s coal-fired generation with wind—as the company has done earlier in Missouri at its…
The sudden collapse and seizure of Silicon Valley Bank (SIVBQ) by the FDIC on March 10 caused a loss of confidence in the banking system. While analysis shows U.S. banks to be solvent overall, the concern about banks remained and became a global phenomenon. The challenge of analyzing bank safety is that a severe loss of confidence can actually cause an otherwise functioning financial institution to come under duress. This analysis uses a systematic methodology to monitor the strains on the banking system weekly via the U.S. Banking System Stress Monitor. Aside from the market pricing data and government money…
Billionaire investor Warren Buffett says he worries about a few things. The success of his company isn’t one of them.Asked if he was worried about Berkshire Hathaway’s trajectory amid current economic headwinds, from banking failures to rising interest rates, the 92-year-old recently made his feelings clear on CNBC’s “Squawk Box.””At 92, I’ve got other things to worry about … I worry about the nuclear threat. I worry about a pandemic in the future, all kinds of [things],” Buffett said. “I never go to bed worried about Berkshire and how we’ll handle a thing.”Since Buffett took over Berkshire Hathaway in 1965,…
Eager to boost sales, relieve workers from mundane tasks and respond to the ongoing labor shortage, retailers and supermarkets are adding robots to their store aisles.Outfitted with cameras and sensors, autonomous inventory robots that can verify price signs and look for out-of-stock items are being deployed at big box stores like BJ’s Wholesale and Walmart-owned Sam’s Club.related investing newsInventory is one of the biggest challenges retailers face. Missed sales from empty shelves and out-of-stock items cost U.S. retailers $82 billion in 2021, according to NielsenIQ. “Retailers are spending a lot of money to know what’s coming into their stores through their…
Fox News’ legal battle with Dominion Voting Systems is over. It now has to deal with Smartmatic, which is seeking billions of dollars more than its rival wanted in damages. The voting technology company filed a lawsuit against Fox in New York state courts for defamation following the 2020 election, and is seeking $2.7 billion in damages from Fox and other defendants. Dominion wanted “only” $1.6 billion and settled with Fox for $787 million Tuesday. Both lawsuits focus on Fox News’ coverage of the 2020 election, including lies about voter fraud. Baseless conspiracy theories peddled about Smartmatic, which mimicked those…
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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.In the ever-changing landscape of cryptocurrencies, new and exciting projects continue to emerge. One such project is DigiToads, a deflationary meme coin focusing on play-to-earn gaming, NFTs, and environmental preservation. As popular cryptocurrencies like Cardano and Avalanche begin to cool off, investors are turning their attention to the DigiToads presale, which has already surpassed the $1.5 million mark.DigiToads (TOADS) Soars as the Dinosaurs of the Last Bull Run FadeFor crypto for beginners and seasoned traders, DigiToads offers a unique investment opportunity. It has a deflationary nature, meaning…
