Category: News
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Chevron suspends work on Leviathan third pipeline
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NewMed Energy (TSE: NWMD), the Delek unit that holds a 45.34% stake in the Leviathan gas field, has notified the Tel Aviv Stock Exchange (TASE) that field operator Chevron, which holds a 39.66% stake, has decided to suspend work. Work on extending a marine pipeline within the third pipeline project,…
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China stocks soar to 2-year peaks on stimulus hopes By Reuters
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(Reuters) – Chinese stocks rose to their highest levels in two years on Tuesday as mainland markets reopened after a week-long holiday amid a wave of speculation of more stimulus from Beijing. The CSI300 index rose 10% in early trading to its highest levels since mid-2022 and rose 9.7% and…
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China markets reopen with a roar after week-long break
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SHANGHAI (Reuters) – Chinese stocks rose to their highest levels in two years on Tuesday, continuing their strong rise as trade resumed after a week-long holiday and investors bet on stimulus to support the economy. The leading CSI300 index rose 10% in early trading to reach its highest levels since…
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Warren Buffett’s BofA stock-selling spree surpasses $10 billion
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Warren Buffett’s group added another zero to its portfolio from a months-long selling spree in Bank of America Corp shares. In its 14th round of disposals, Berkshire Hathaway surpassed $10 billion in gross proceeds from trimming its stake in the second-largest U.S. bank, a regulatory filing showed Monday. Buffett, 94,…
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Japan economy minister Akazawa says drop in real wages is not good news
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Japan economy minister Akazawa says drop in real wages is not good news
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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StanChart, KCB top in Sh78bn banks’exposure in State firms
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Standard Chartered Bank Kenya (StanChart) and KCB Bank Kenya top the list of banks having loan exposure worth Sh78.2 billion in government entities as of end-June 2024. The latest disclosures from the National Treasury show that Standard Chartered Bank has the highest exposure, lending Sh16.62 billion at the end of…
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StanChart, KCB top in Sh78bn banks’exposure in State firms
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Standard Chartered Bank Kenya (StanChart) and KCB Bank Kenya top the list of banks having loan exposure worth Sh78.2 billion in government entities as of end-June 2024. The latest disclosures from the National Treasury show that Standard Chartered Bank has the highest exposure, lending Sh16.62 billion at the end of…
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Former Tesco chief invests in ‘spotify for textbooks’ platform perlego with $20m funding round
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Perlego, an education technology platform known as the ‘Spotify of textbooks’, has secured a $20 million fundraising round led by former Tesco CEO Sir Terry Leahy. The digital library service, which provides unlimited access to academic titles via subscription, is expected to announce a capital injection this week. The new…
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Refined Energy Corp. Announces Change of Auditor
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Published on October 7, 2024 • 3 minutes…
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Rani Zim sells Psagot stake for huge loss
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Yesterday, Rani Zim sold his entire 65.7% stake in Psagot, plus tradable options, to the company’s former CEO Yaniv Bender. Bandar will pay NIS 40 million in cash upon completion of the deal, and will then own 73% of Psagot, which became a shell company after selling its business. Bender…
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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.94% By Investing.com
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Investing.com – U.S. stocks fell after the close on Monday, as sector and sector losses dragged stocks lower. At the end of trading on the New York Stock Exchange, the index lost 0.94%, while the index lost 0.96%, and the index fell 1.17%. The best performers of the session were…
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Forexlive Americas FX news wrap: Oil continues to rally as Middle East response awaited
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Google DeepMind exec on AI increasing efficiency
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Since AI came onto the scene, employees have grappled with the question of whether technology will take away their jobs or make them more efficient. Staff at Google DeepMind’s legal department may have found an answer to AI’s existential query. Google DeepMind now uses the Gemini AI model to handle…
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Google DeepMind exec on AI increasing efficiency
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Since AI came onto the scene, employees have grappled with the question of whether technology will take away their jobs or make them more efficient. Staff at Google DeepMind’s legal department may have found an answer to AI’s existential query. Google DeepMind now uses the Gemini AI model to handle…
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UK-linked consortium to revive collapsed Kerio fluorspar project
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A consortium of companies led by London-based Fujax UK Limited is set to revive the collapsed fluorspar mining project at Kimwarar, Kerio Valley in Elgeo Marakwet District. The consortium, known as Sofax Fluorspar Kenya Limited, said it would take over management of the quarries and processing plant of collapsed state-owned…
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UK risks losing AI leadership without a national data strategy, experts warn
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The UK risks losing its leadership position in artificial intelligence (AI) without a clear national data center strategy, a major player in the sector has warned. Data centers, essential for running cloud computing and artificial intelligence applications, are becoming central to the digital economy. However, without a coherent plan, the…
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Endeavour Comments on Media Reports
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Article content Endeavor comments on media reports London, October 7, 2024 – Endeavor Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavor” or the “Company”) refers to media reports following a radio interview with the President of Burkina Faso, Ibrahim Traoré. On October 5, President Traoré spoke on Radio Burkina Faso to mark…
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Endeavour Comments on Media Reports
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Article content Endeavor comments on media reports London, October 7, 2024 – Endeavor Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavor” or the “Company”) refers to media reports following a radio interview with the President of Burkina Faso, Ibrahim Traoré. On October 5, President Traoré spoke on Radio Burkina Faso to mark…