November 22, 2022 10:38 am
Equinor said on Tuesday that it, along with its partners, would invest NOK 14.8 billion ($1.44 billion) in the development of the Irpa subsea project in the Norwegian Sea. According to the development plan, the Irpa project will produce about 20 billion cubic metres of natural gas, which will be exported to Europe through the […]
Read moreNovember 22, 2022 8:49 am
Home Capital Group Inc (TSX: HCG) said on Monday that it had entered into a definitive agreement to be bought by a wholly-owned subsidiary of Smith Financial Corporation, an entity controlled by Stephen Smith. Under the terms of the agreement, Smith Financial Corp’s unit will acquire the issued and outstanding common shares of Home Capital, […]
Read moreNovember 21, 2022 10:15 am
EUR/USD hovered just above a fresh one-week low on Monday, as market sentiment was dampened by a surge in new COVID-19 infections in China and tighter restrictions in some cities there, while bolstering safe haven demand. Two deaths were reported in the capital city of Beijing on November 20th, while residents of the city’s most […]
Read moreNovember 18, 2022 9:51 am
Spot Gold edged higher on Friday, but looked set to register its first loss in the past three weeks, pressured by Fed hints that policy tightening is still far from over. The US Dollar was set to register its best week since early October, bouncing off recent lows, supported by a slew of hawkish comments […]
Read moreNovember 18, 2022 8:07 am
Roku Inc said on Thursday that it planned to cut 200 jobs in the United States. It is the latest firm within the tech sector to lay off employees amid a slowing economy and multi decade-high inflation. Roku said it expected to take a charge of $28 million to $31 million during the fourth quarter […]
Read moreNovember 17, 2022 10:31 am
Saudi Aramco said on Thursday that it intended to invest $7 billion in a South Korean affiliate’s facility in the city of Ulsan. The Saudi firm has an over 63% stake in South Korea’s S-Oil Corp. Named Shaheen, the project will be Saudi Aramco’s largest investment in South Korea aimed to develop one of the […]
Read moreNovember 17, 2022 8:45 am
Nvidia Corp said on Wednesday that it would partner with Microsoft Corp to build a “massive” computer aimed to handle intense artificial intelligence computing work in the cloud. The AI computer is to operate on Microsoft’s Azure cloud and use tens of thousands of graphics processing units – Nvidia’s most powerful chips, H100 and A100. […]
Read moreNovember 16, 2022 12:05 pm
Accenture said on Tuesday that it would acquire data science firm ALBERT Inc, after a tender offer has been completed. The acquisition will add a data science team of 250 permanent employees and contractors to Accenture’s Applied Intelligence practice to further enhance its data and AI capabilities for customers. ALBERT Inc was established in 2005 […]
Read moreNovember 16, 2022 10:02 am
Vodafone on Tuesday revised down its full-year cash flow and adjusted core earnings forecasts amid surging energy costs and a deteriorating performance in markets such as Germany, Italy and Spain. Due to a “challenging macroeconomic environment”, Vodafone slashed its cash flow forecast by EUR 200 million to EUR 5.1 billion for the year that ends […]
Read moreNovember 15, 2022 11:50 am
Daseke Inc (DSKE) said on Monday that it had entered into an agreement with company founder, Don R. Daseke, and his affiliates, to repurchase their total holdings – 17,932,725 shares, in the transportation solutions company at a purchase price of $6.00 per share. This way the company will repurchase about 28.6% of its issued and […]
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