Author: Press Room
By Mohi Narayan and Jonathan Saul NEW DELHI/LONDON (Reuters) -Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns. As a result of the European Union ban on Russian fuel that started on Feb. 5, tankers carrying clean oil products such as gasoline, diesel, jet fuel and naphtha are travelling between 16 and 18 days to bring Russian supplies to Brazil or U.S. cargoes to Europe, according to two shipping sources. That is up from the…
Newmont Corporation (NYSE: NEM), the world’s largest gold miner, is expected to publish its Q1 2023 earnings on April 21, reporting on a quarter that saw a meaningful run-up in prices. We expect the company’s revenues for the quarter to stand at about $3.62 billion, slightly ahead of the consensus estimates, and an increase of about 20% versus last year. We anticipate that earnings will come in at about $0.55 per share, compared to a consensus of $0.53 per share. See our analysis of Newmont Mining Earnings Preview for more details on what to expect when Newmont reports earnings. Prices…
The rise of China as an economic powerhouse in global trade in recent decades has sparked concerns about the long-term status of the U.S. dollar as the world’s primary reserve currency, which it has been since the end of World War II. China recently announced a deal with Brazil to denominate more of their bilateral trade in their own currencies instead of the dollar. China is also in talks to buy oil from Saudi Arabia and other oil-rich Gulf countries in its currency rather than the dollar. Those developments have given rise to speculation that China’s renminbi (also known as…
Check out the companies making the biggest moves in premarket trading:Delta Air Lines — Shares popped 2% in the premarket after the airline projected “record advance bookings for the summer.” It expects sales in the current quarter to increase by 15% to 17% over last year, topping Refinitiv estimates of 14.7%. Delta forecasted adjusted earnings per share of between $2 and $2.25, versus the $1.66 expected by analysts.United Airlines, American Airlines — Shares of other airlines also rose after Delta signaled strong demand for travel. United Airlines gained more than 2% and American Airlines rose 1.9%.First Solar —The solar stock…
At its peak, China’s Belt and Road Initiative was seen as the centerpiece of Beijing’s engagement with the world.Now, a decade after its rollout, observers say the ambitious strategy to build infrastructure trade links across Eurasia and beyond is losing steam, with some questioning the ongoing viability of Beijing’s mega-project.”Beijing went on a lending spree and issued thousands of loans worth nearly a trillion [dollars] for big-ticket infrastructure projects spread across 150 countries” over the decade, said Bradley Parks, executive director of AidData, a research group at the College of William and Mary in Virginia.”Now, many borrowers are having difficulty…
This is it. The media defamation trial of the century is on the precipice of kicking off in Wilmington, Delaware, in just days. Jury selection in Dominion Voting Systems’ monster $1.6 billion defamation lawsuit took place all of Thursday, with 300 potential jurors being summoned to court. Good progress was made and the presiding judge noted that there were “more than enough jurors” to start the trial as scheduled on Monday. It is there, in Courtroom 7E, where the biggest figures in Murdoch Media, accompanied by a throng of high-powered lawyers, will attempt to mount their defense after repeatedly failing…
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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Singapore, Singapore, April 14th, 2023, ChainwireHashKey Group, a leading digital asset financial services provider in Asia, is pleased to announce the upgrade of its Over-the-Counter (“OTC”) trading business, as well as the launch of a new wealth management business line, HashKey Wealth.Since its inception, HashKey Group has always been committed to provide its compliant and secured wealth management services to professional investors and financial institutions. The HashKey Group aims to offer a one-stop digital asset management solution that covers…
Holmes’ family moved when she was young, from Washington, D.C. to Houston. Source: Fortune When she was 7, Holmes tried to invent her own time machine, filling up an entire notebook with detailed engineering drawings. At the age of 9, Holmes told relatives she wanted to be a billionaire when she grew up. Her relatives described her as saying it with the “utmost seriousness and determination.” Source: CBS News, Bad Blood: Secrets and Lies in a Silicon Valley Startup Holmes had an “intense competitive streak” from a young age. She often played Monopoly with her younger brother and cousin, and…
Musk asked whether Twitter was “dying” and then U-turned on joining its board It didn’t take long for the relationship to sour.Musk tweeted just days later, on April 9, that some of Twitter’s most-followed accounts “tweet rarely and post very little content.””Is Twitter dying?” he asked.Agrawal understandably didn’t like the tweet.”You are free to tweet ‘is Twitter dying?’ or anything else about Twitter — but it’s my responsibility to tell you that it’s not helping me make Twitter better in the current context,” Agrawal texted Musk later that day.”What did you get done this week?” Musk replied less than two…
