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Performance driven by healthy growth in core businesses
RIO DE JANEIRO: Petrobras shares plunged 22% on Monday, wiping out 71 billion reais (US$13bil) in market value, as Brazilian President Jair Bolsonaro again slammed its pricing policies after he replaced the state-controlled oil company’s market-friendly chief executive officer with a retired army general.
Things should be clearer when the billionaire releases his annual letter to Berkshire shareholders soon
NEW YORK: Platinum prices soared to their highest in nearly 6½ years, fuelled by expectations that a rebound in the global economy would stoke demand for the metal used in auto catalysts.
WASHINGTON: Climate activists are warning that central banks are taking a “risky gamble” with their strategies for addressing the financial risks from global warming.
THE Lunar New Year is time for family and reflection, when Chinese families ponder on the year before and speculate on the next cycle.
BEIJING: China’s economy remains on a solid track to recovery as price levels picked up while corporate borrowings increased last month, experts said
TESLA Inc expects to allow customers to pay for its electric vehicles with bitcoin soon, the automaker said yesterday, a move that could expand how the most popular cryptocurrency is used for real-world transactions.