BlackRock’s coal and oil power projects are suffering!

According to reports, BlackRock Inc. Managing Director Eduard Ruijs stated that investments in coal and oil-fired power generation projects will be difficult to come by. He said at an energy conference in Abu Dhabi that projects for natural gas-fired power plants could attract investment. BlackRock is a financial services company that focuses on investment management. […]

Melbourne reopens as world’s most locked-down city eases pandemic restrictions

MELBOURNE, Oct 22 (Reuters) – Melbourne residents flocked to the city’s pubs, restaurants, and hair salons in the early hours of Friday after the world’s most locked-down city emerged from its latest spate of restrictions designed to combat the spread of COVID-19. Australia’s second-largest city has so far endured 262 days, or nearly nine months, […]

Australia’s Westpac flags $950 mln profit hit, led by institutional banking

SYDNEY, Oct 12 (Reuters) – Australia’s Westpac Banking Corp (WBC.AX) said on Tuesday it will take a one-off charge of $956 million against its second-half profit mainly due to a weaker earnings outlook at its institutional banking unit as well as remediation charges. The country’s second-largest lender by market capitalization said a protracted period of low rates, […]

Samsung’s best quarterly revenue in three years is fueled by rising chip prices!

On Friday, Samsung Electronics Co Ltd reported a 28% increase in revenue, owing to rising memory chip prices as well as display revenues from the latest smartphone launches. The world’s largest memory chip and smartphone manufacturer forecasted a profit of 15.8 trillion won ($13.3 billion) for July-September, which was lower than the 16.1 trillion won […]