August 4, 2022
Alibaba revenue beats expectations despite contraction
HONG KONG (AP) — Chinese e-commerce firm Alibaba Group Holding on Thursday beat market expectations for revenue in its quarter…
Rio Tinto Attracts Several Proposls To Build 4 GW Of Wind, Solar Power
By Sonali Paul MELBOURNE (Reuters) – Global miner Rio Tinto has received several offers to build 4 gigawatts (GW) of…
July Inflation Could Shock Argentina’s Government – Economy Ministry Source
(Reuters) – Inflation in July could be so high that it will “shock” Argentina’s government, an economy ministry source told…
Global Energy Crisis Drives Rethink Of Nuclear Power Projects
By Enrico Dela Cruz, Florence Tan and Timothy Gardner MANILA (Reuters) – The Philippines’ Bataan Nuclear Power Plant (BNPP) has…
Beyond Meat announces layoffs after lower Q2 sales
Plant-based meat maker Beyond Meat said Thursday it’s laying off 4% of its workforce after a difficult second quarter that…
Long-term mortgage rates under 5% for 1st time in 4 months
WASHINGTON (AP) — The average long-term U.S. mortgage rate fell below 5% for the first time in four months, days…
Tesla investors approve stock split; Musk to add factories
DETROIT (AP) — Tesla shareholders on Thursday approved a three-for-one stock split, a move that will make the company’s shares…
China’s Innovent Biologics Secures Over $300 Million Investment From Sanofi
(Reuters) – Innovent Biologics Inc said on Friday Paris-based Sanofi SA would invest HK$2.42 billion ($307.88 million) in the biopharmaceutical…
Suncor Energy’s Quarterly Profit Jumps Fourfold As Crude Prices Soar
(Reuters) -Suncor Energy Inc posted an over fourfold rise in its second-quarter profit on Thursday, as Canada’s third-largest crude oil…
Corteva Raises Forecast As Demand For Seeds, Crop Protection Products Booms
By Ruhi Soni (Reuters) -Corteva Inc on Thursday raised its full-year sales and profit forecasts as the crop protection products…