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Saudi Aramco’s First Quarter Profits Beats Estimates With Rebound Of Oil Prices

Strong oil prices helped the state controlled Saudi Arabian oil producer Aramco to report a 30 per cent year on year in net profits – beating estimates of analysts, while also maintaining its dividend payout on Tuesday.   There has been a rise in oil prices globally this year about one third...

Biden Tax Plans Hit Crypto Assets With Bitcoin Dropping Below $50,000

Concerns about a fall in investments in digital assets because of the plans of the United States President Joe Biden to raise capital gains taxes led to a sharp drop in the prices of bitcoin and other crypto currencies.   This drop in crypto currencies was preceded by reports about plans of...

US Auto Body Seeks Government Aid In Combating Chip Shortage Issue

While issuing a warning that the global shortage of semiconductor chips could result in auto companies in the United States facing the threat of manufacturing 1.28 million fewer vehicles this year and production of vehicles being disrupted for another six months, an auto industry group of the...

US SEC’s Move To Implement Law Top Delist Foreign Firms Causes Slump In Chinese Tech Stocks

Following the United States securities regulator adopting measures that paves the way to begin the process of delisting foreign companies from American stock exchanges, if they are unable to comply with US auditing standards, there was a sharp drop in the stocks of dual-listed Chinese companies in...

China's Baidu to raise $3.1 billion from Hong Kong listing: Sources

The Chinese search engine giant Baidu is reportedly planning to get itself listed and has set a target of raising $3.08 billion from the stock market and has set a price of HK$252 ($32.45) for each share. The company plans to list itself for public trading in Hong Kong through a secondary listing,...

India To Bring In New Bill To Make Even Possessing Cryptocurrency Illegal

A new law to ban cryptocurrencies with fines for anyone found trading in the country or even possessing such digital currencies, according to local reports quoting a senior government official. This could be a major blow to millions of investors who are eying to invest in the asset that is...

Following Brexit, London Displaced By Amsterdam As Europe's Top Stocks Centre

Following the exit of the Britain from the European Union at the beginning of the year, London has been replaced by Amsterdam as the biggest share trading centre of Europe. According to data published on Thursday, Amsterdam benefitted from a chunk of UK derivatives business during and after Brexit....

Auto Chip Making Will Be Prioritized By TSMC If Possible, Says Taiwan Ministry: Reuters

The global auto industry is struggling with a shortage of chips for cars. Various countries have appealed to the Taiwanese authorities to increase production of semiconductor chips used in cars over the weekend.   In its response the Economics Ministry of Taiwan said that production of auto...

British Firms Advised To Open New Companies In EU To Avert Brexit Costs

In order to avoid the extra charges, paperwork and taxes resulting from Brexit, business in the United Kingdom that are engaged in exporting to the European Union are being encouraged by the British government’s trade advisors to open up separate companies within eth EU, claimed report in the...

A Host Of Trump Policies Rolled Back By US President Biden On First Day At Office

Soon after assuming the position of the President of the United States, 15 executive orders were assigned by Joe Biden which essentially rolled back the policies that are implemented by the former president Donald Trump while also taking the first measures to combat the Covid-19 pandemic in the...

Trump’s Last Jibe At China, Sanctions More Chinese Officials And Firms

New sanctions on Chinese officials and companies were imposed this week by the Trump administration of the United States over alleged misdeeds in the South China Sea while also imposing a ban on American investing in nine more Chinese companies in what is being viewed as another hit on China and...

Travel Characteristics Not To Be The Same As Before, Says Airbnb CEO

The trend and characteristic of travelling across the world will have been changed permanently by the novel coronavirus pandemic as people choosing to lookout for thousands of smaller cities to spend vacations and for holidays as well as spend more time to visit and meet up with friends and family,...
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