Half Mag / Half Zine
Saudi Arabia, the world’s top oil exporter, raised September crude oil prices for Asian buyers to record high levels despite falling refining margins. The official selling price (OSP) for September-loading Arab Light to Asia was raised by 50 cents a Read more
China’s Ant Group on Wednesday logged net profit of 11.38 billion yuan ($1.68 billion) in the quarter to March, down 17.3% from a year earlier, according to Reuters calculations from Alibaba Group Holding Ltd’s (9988.HK), earnings report. The e-commerce giant Read more
The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way, as it rushed to smother a rise in inflation which is now set to top Read more
Italy is close to clinching a deal initially worth $5 billion with Intel (INTC.O) to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters on Thursday. Intel’s investment in Italy is Read more
Eli Lilly and Co (LLY.N) on Thursday cut its full-year profit forecast for the second time as lower insulin prices and competition for the company’s cancer drug bruised its second-quarter earnings. U.S. drugmakers have been pulled up by lawmakers in Read more
The U.S. trade deficit narrowed sharply in June as exports surged to a record high, a trend that could see trade continuing to contribute to gross domestic product in the third quarter. The Commerce Department said on Thursday that the Read more
Kellogg Co (K.N) raised its forecast for full-year earnings on Thursday after topping estimates for quarterly sales, as higher prices for its breakfast cereals and snacks helped it overcome cost-related challenges. Shares of the company, which recently announced a three-way Read more