China’s top offshore crude oil and natural gas producer, CNOOC, on Wednesday announced the launch of full production from phase one development of the Kenli 10-2 oilfield in the south Bohai Sea. The Kenli 10-2 oilfield cluster is China’s largest offshore shallow-layer lith
The Euro (EUR) posts minor gains against the US Dollar (USD) on Wednesday, trading near 1.1640 at the time of writing, right below weekly highs at the 1.1650 area. Hawkish comments from European Central Bank (ECB) officials have given a fresh boost to the Euro, while hopes
Micron Technology becomes the latest chipmaker to exceed $1 trillion market cap amid AI-driven investor demand. Micron Technology’s market capitalization crossed $1 trillion for the first time Tuesday, capping a 19% surge in its stock. The chipmaker’s shares have nearly tr
CIM Group has closed hotel loans totalling $154m across three properties in California, Pennsylvania, and Florida, US. The transactions were executed on behalf of funds managed by CIM Group A $63m whole loan was arranged for Monterey Beach Hotel in California. The r
Forget SpaceX's IPO Day! Its Shares Can Skyrocket on July 7 -- but Retail Investors Would be Wise to Avoid This Potential Trap The big day for Elon Musk's SpaceX is rapidly approaching. With SpaceX making its registration statement (S-1) public on May 20, the projec
Foot Locker is slowly getting back to growth, but the costly turnaround of the legacy sneaker store is still weighing on its parent company Dick's Sporting Goods' bottom line, as the company posted an earnings miss on Wednesday. In the three months ended May 2, Dick's incu
Brussels prepares first in-depth review of a Chinese acquisition under new foreign subsidies regulations, delaying JD.com’s deal. The European Commission will launch an in-depth investigation into JD.com’s €2.2bn bid for German retailer Ceconomy, marking the first Chinese
The Euro is rising on interest rate expectations The US dollar weakened as Iran signalled that mutual air strikes would not derail negotiations. Oil resumed its decline, whilst the S&P 500 hit a new record high This created a favourable backdrop for
Tech-led gains lifted the Nasdaq and S&P 500 Tuesday, but individual stocks face premarket losses Wednesday amid mixed sentiment. Several stocks opened lower in premarket trading Wednesday, contrasting with a modest rise in S&P 500 futures. The index futures edged higher f
Cencora (COR) said Eva Boratto will become executive vice president and CFO effective June 29, 2026, succeeding James Cleary, who is retiring. Cleary will remain in an advisory role through the end of 2026 to support the transition Boratto is an Newsletters for Ever
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