As the global demand for oil continues to undergo an unbalanced recovery, the price of oil has slipped below $69 per barrel. Since failing to pass the $70 mark on Wednesday, global benchmark Brent has been unable to regain momentum.
Much of the inconsistency is the result of wavering performances...
Hard seltzer has been trending strongly, and Coca-Cola wants a piece of the pie. Indeed, off-premise hard seltzer sales showed a shocking 160% year-over-year increase in 2020, reaching a number of $4.1 billion.
Coca-Cola recently created its own version of hard seltzer, not intimidated in the slightest by other companies...
American investment giant JPMorgan Chase & Co announced on Thursday its intention to contribute up to $2.5 trillion over the next decade to companies and projects investing in climate change and social justice initiatives. During an official statement, the company declared that $1 trillion of this investment package would go...
The Abu Dhabi-based Mubadala Investment Co. is considering becoming part of an investment group with an interest in Saudi Aramco’s oil pipelines—a deal that is expected to be funded by a loan of approximately $10.5 billion. One spokesperson for Mubadala confirmed that the sovereign wealth fund is currently in...
As a response to pressure from investors concerned over pollution and burning of fossil fuels, Anglo American has taken the decision to separate its South African coal mines into a new business this year. This decision comes after a year of planning an exit from thermal coal.
The new business,...
In one of the largest equity offerings ever to be offered by a company in the retail sector, GameStop announced its intention to sell up to $1 billion worth of shares. Jeffries is reported to be managing the offering of approximately 3.5 million shares, with the proceeds of the...
Not long after online education company Coursera posted a strong initial public offering for investors, its stock began trading at a very high level with a double-digit gain.
It opened last week on Wednesday at an impressive $39, which was around 18% higher than its initial offering price of $33....
With inflation concerns and a cooling Asian market rocking economic conditions, the value of oil continues to decline, resulting in the longest losing streak in over a year. This comes as U.S. benchmark West Texas Intermediate endures its fifth straight day of losses.
The price of crude oil had decreased...
Anglo-Dutch food delivery company JustEatTakeaway.com announced on Wednesday that it expects to realize another sales surge in 2021 following its skyrocketing full-year earnings for 2020. This initial surge in online orders was spurred by the lockdowns that came as a consequence of the coronavirus pandemic outbreak in March 2020.
JustEatTakeaway.com...
Private equity firm CVC Capital Partners is currently exploring a bid for UK chemical manufacturer Synthomer Plc, according to reports. The Luxembourg-based CVC currently manages approximately $111 billion in secured commitments of private equity, credit, and growth funds across Asia and Europe.
According to insiders who asked to remain anonymous,...