Public Service Enterprise Group exceeds Q3 profit expectations on the back of higher sales
Public Service Enterprise Group surpassed Wall Street expectations for the third quarter profit on Monday as the electric utility and gas utility benefitted from higher retail…
Xcel Energy announces $45 billion investment plan and higher quarterly profits
Xcel Energy announced a higher third-quarter profit Thursday. This was due to a greater demand for electricity among industrial and commercial customers, as well as lower cost.
Budgets for UK mid-caps are boosted by pubs, builders and bookies
The UK midcap stocks rose on Wednesday, as investors deemed that the first UK budget of the new Labour government was less punitive than they had feared. Mid-cap shares outperformed blue-chip stocks…
Walmart cuts Walmart Plus price in half for the holidays
Walmart announced on Monday that it will offer its membership service Walmart Plus at a discount of 50% ahead of the holidays, in an effort to compete with Amazon.com Prime subscription services.
Eni, Italy's energy company, will see 2.5 billion euros in net proceeds from its disposals by 2025
Francesco Gattei, the Chief Transition & Finance Officer of Italian energy giant Eni, said that it expects to receive net proceeds of 2.5 billion euros ($2.7billion) from further disposals next year.
Financial Times - Oct 16
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. BBC, the British broadcaster…
Tereos warns that its results will be weaker as EU sugar prices plummet
Tereos CEO Olivier Leducq said that a fall in European sugar price more than expected in recent months, due to large supply, will impact the company's results in the second half.
Holiday schedule for US economic and other data
The Columbus/Indigenous Peoples Federal Holiday on Monday, October 14, will affect the release of major economic, energy, and commodities reports during the week of Oct. 13.
Hyundai will launch a $3 billion India IPO next Monday at 1,865-1.960 rupees per shares, according to sources
Sources said that Hyundai Motor India will begin accepting subscriptions next week. The price per share will be in the range 1,865-1,960 rupees (22-23 dollars), they added.
Hyundai India IPO will open next week between 1,865-1.960 rupees.
Sources said that Hyundai Motor India will begin accepting subscriptions next week. The price per share will be in the range 1,865-1,960 rupees (22-23 dollars), they added.
Elliott group seeks to buy Citgo Petroleum from Exxon director
Gregory Goff, Exxon Mobil's board director, recently joined a newly-formed company backed by Elliott Investment Management that is seeking to take control of Venezuelan oil refiner Citgo Petroleum.
Elliott group seeks to buy Citgo Petroleum from Exxon director
Gregory Goff, Exxon Mobil's board director, recently joined a newly-formed company backed by Elliott Investment Management that is seeking to take control of Venezuelan oil refiner Citgo Petroleum.
Hindalco, a subsidiary of India's Hindalco, plans to manufacture solar modules.
Hindalco Industries, a company based in India, plans to manufacture solar modules and establish a factory in Gujarat's western state. Two people with knowledge of the matter confirmed this on Tuesday.
Sources: Eni is in discussions with funds about another Plenitude stake sales
Two sources familiar with the matter confirmed on Friday that the Italian energy group Eni was in discussions with several funds about the possible sale of a minor stake in…
According to a Nasscom-Zinnov study, India's global center market will grow to $105 Billion by 2030.
According to a report released by the IT industry association Nasscom on Wednesday, India's Global Capability Centres (GCCs), which were valued at $64.6 billion during fiscal…
Financials drag Australia's shares down; US inflation data is in focus
Australian shares finished marginally lower on Tuesday, as losses among financial stocks outweighed gains by miners. Investors were cautious in advance of an important U.S.
Shell to make large cuts in its oil exploration division: sources
Shell will cut its oil and natural gas exploration and production workforce by 20%, according to company sources. CEO Wael Sawan is extending his cost-saving efforts to this…
Sources say Shell plans to make large cuts in its oil exploration division.
Shell will cut its oil and natural gas exploration and production workforce by 20%, according to company sources. CEO Wael Sawan is extending his cost-saving efforts to this…
California rooftop solar subsidy will cost $8.5 billion per year, according to a ratepayer's advocate
The California Residential Solar Subsidy will cost California ratepayers without rooftop panels $8.5 billion per year by the end this year. This will contribute to higher electricity prices for consumers.
TSX sluggish as gains in CPI are offset by energy shares
Canada's main index of stocks was down on Tuesday, as the losses in energy shares tempered gains from consumer price data which showed that inflation had cooled to a low of 40 months in July.
