Newsletter
Saudi Aramco is coming up as the biggest loser of the oil price war
Anyone who was even halfway smart knew that the last Saudis-instigated oil price war would end in grave failure for the Saudis, just like previous efforts in 2014-2016 and for exactly the same reasons. For Crown Prince Mohammed bin Salman (MbS), one of the …
Neo Lithium to receive fresh funds from Chinese CATL
China's CATL will acquire more than 10 million shares in Neo Lithium Corp. to become the company's third largest shareholder, the latest in a string of investments by Chinese companies in South American lithium projects. The deal announced on Monday comes …
FedEx will be introducing a new pricing model in January
FedEx (NYSE: FDX) says it will increase shipping rates for FedEx express, ground, and freight services beginning January 4th. The company says the tariff changes will allow it to continue investing in improving services, fleet maintenance, technological …
More states are expected to legalize Marihuana this fall
As the U.S. House prepares to vote on marijuana legalization for the first time later this month, several states, with or without Congress, could legalize the drug this fall. Even if the House move is passed, we will have to wait and see if the …
Curaleaf to open new dispensaries in New Jersey
N.J.'s largest medical marijuana company, Curaleaf, has announced a new pharmacy set to open in 2021. Curaleaf has announced that it will open its second New Jersey pharmacy in Bordentown Township early next year. The company currently operates a pharmacy and …
Fiat Chrysler to pay much lower dividends this year
1040/5000 Fiat Chrysler (NYSE: FCAU) + 4.3% after close of business as it announces with PSA Group (OTCPK: PUGOY) that the companies have changed the terms of their merger to preserve their liquidity. Fiat Chrysler says it will now pay € 2.9 billion in …
BP does not expect oil demand to grow
The world is behind the era of growing demand for crude oil, BP said in its annual energy outlook report released today. According to media reports, the message of the outlook is that oil consumption may never reach pre-pandemic levels, not just because of the …
Tencent´s new Asian regional hub will be in Singapore
China's Tencent (OTCPK: TCEHY) has selected Singapore as its Asian beachhead, according to Bloomberg, as it is considering moving some of its business, including international game publishing, out of its home country. In addition to opening a new Singapore …
German government to shift further 375m Euros to BioNTech
BioNTech (NASDAQ: BNTX) receives a grant of up to 375 million euros from an initiative of the Federal Ministry of Education and Research (BMBF) to support the accelerated development of SARS-CoV-2 vaccines. The milestone-based funding will be used to support …
Libya´s production increase could mean trouble for OPEC
OPEC turns 60 today, but the celebrations have been postponed amid the ongoing pandemic. The combination of the destruction of demand from COVID-19, a troubled global economy and volatile demand for energy are worrying about the recovery in oil prices. At the …