January 12, 2023 9:35 am
Karora Resources Inc said on Wednesday its full-year 2022 gold production had reached the record 133,836 ounces from its Beta Hunt and Higginsville mines in Western Australia. Full-year gold sales also hit the record 132,047 ounces, Karora said. Gold production remained robust at 37,258 ounces in the fourth quarter of 2022, while gold sales stood […]
Read moreJanuary 11, 2023 12:17 pm
Wells Fargo & Co (WFC) on Tuesday announced strategic plans to create a more focused home lending business, aiming to serve bank customers and minority communities. The bank will also exit the correspondent lending business and intends to reduce the size of its mortgage servicing portfolio. Wells Fargo also said it would invest an additional […]
Read moreJanuary 11, 2023 9:43 am
Skoda Auto, a unit of Volkswagen (VOWG), said on Wednesday its worldwide deliveries had slumped 17% in 2022 as a result of parts shortages, strained supply chains and the military conflict in Ukraine. Skoda delivered 731,300 vehicles globally in 2022, as it saw the biggest decrease in Russia – by 80%. “The market situation will […]
Read moreJanuary 9, 2023 12:25 pm
Stellantis and Element 25 Limited on Monday announced they had signed a binding agreement, under which Element 25 will supply battery grade, high purity manganese sulphate monohydrate to Stellantis to be used in electric vehicle batteries. The 5-year agreement envisages a total supply volume of 45 kilotons with options to extend the supply term and […]
Read moreJanuary 9, 2023 10:19 am
According to a report by Reuters, citing unidentified sources with knowledge of the matter, Goldman Sachs Group Inc intends to begin cutting thousands of jobs across its business from Wednesday, as it braces for unfavorable macroeconomic conditions this year. According to one of the sources, job reductions may exceed 3,000, but the final number is […]
Read moreJanuary 5, 2023 11:57 am
Technip Energies has secured a “large” contract for project management consultancy by Kuwait Oil Company, it said on Thursday. This 5-year framework agreement contract covers front-end engineering design, project management as well as associated services for Kuwait Oil Co’s key projects. This award is a renewal of the first 5-year framework agreement, which Technip Energies […]
Read moreJanuary 5, 2023 9:38 am
Staff layoffs at Amazon.com Inc (AMZN) will probably exceed 18,000 roles as part of a previously announced workforce reduction, the company’s Chief Executive Officer Andy Jassy said in a public staff note dated January 4th. The layoffs represent about 6% of Amazon’s corporate workforce and will be initiated on January 18th. Cuts will largely affect […]
Read moreJanuary 4, 2023 1:16 pm
Salesforce Inc on Wednesday announced a restructuring plan, aimed at reducing operating costs and improving operating margins, which also includes current workforce reduction by about 10%. “As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that,” Salesforce’s co-CEO Marc […]
Read moreJanuary 4, 2023 11:07 am
Renasant Bank, the wholly-owned subsidiary of Renasant Corp, has acquired Republic Business Credit in an all-cash deal, effective December 30th 2022. However, financial terms of the agreement were not disclosed. Republic Business Credit will operate as a separate subsidiary of Renasant Bank and under its existing brand name, Renasant Corp said. Republic Business Credit’s current […]
Read moreJanuary 3, 2023 12:15 pm
According to a report by German daily Boersen-Zeitung, Deutsche Bank (DBKGn) will stick with its restructuring targets and retain its forecasts until 2025, despite risks stemming from the war in Ukraine, persistently high inflation and recession. “We want to achieve a post-tax return on tangible equity of more than 10% and reduce the cost-to-income ratio […]
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