Archive for Tag: Trade Forex

Microsoft invests $50 million in alcohol-to-jet fuel biorefinery

Microsoft (NASDAQ:MSFT) is trading up 1.04% at 318.27 Microsoft (NASDAQ:MSFT) is investing $50 million in a LanzaJet facility in Georgia that will produce jet fuel from ethanol next year, LanzaJet said. The airline industry is considered one of the hardest to decarbonize. Renewable aviation fuel accounted for less than...

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Citi to exit Mexican consumer business as part of strategy revamp

Citigroup Inc (NYSE:C) is trading up 1.64% at 67.11 Citigroup Inc (NYSE:C) will exit its Citibanamex consumer banking business in Mexico, the bank said on Tuesday ending its 20-year retail presence in the country that was the last of its overseas consumer businesses. Citigroup’s decision to sell or spin...

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Tesla sold a record 70,847 China-made vehicles in Dec

Tesla (NASDAQ:TSLA) Inc is trading up 3.03% at 1058.12 U.S. electric vehicle maker Tesla (NASDAQ:TSLA) Inc sold 70,847 China-made vehicles in December, the highest monthly rate since it started manufacturing in Shanghai in 2019, data from the China Passenger Car Association (CPCA) showed on Tuesday. Tesla’s December sales, which...

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Amazon files new legal challenges in dispute with Future Group

Amazon.com Inc (NASDAQ:AMZN) is trading down 0.43% at 3251.08 Amazon.com Inc (NASDAQ:AMZN) has filed fresh legal challenges in its long-running dispute with Indian retailer Future Group after the national antitrust agency suspended a 2019 deal between the two sides, leading to a halt in their arbitration, four sources told...

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Shell pursues $7 billion buyback ‘at pace’ despite LNG troubles

Royal Dutch Shell (LON:RDSa) is trading up 0.44% at 20.67 Royal Dutch Shell (LON:RDSa) said it will pursue “at pace” a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to...

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German cartel office steps up examination of Google products

Alphabet (NASDAQ:GOOGL) is trading down 0.41% at 2887.99 Germany’s cartel office said it was examining Google’s use of personal data and its Google News Showcase product under its new powers to regulate internet companies, and was also considering cases involving Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB) owner Meta....

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Italy fines Amazon record $1.3 billion for abuse of market dominance

Amazon (NASDAQ:AMZN) is trading flat at 3523.16 Italy’s antitrust watchdog said on Thursday it had fined Amazon (NASDAQ:AMZN) 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a U.S. tech giant in Europe. Amazon said it “strongly disagreed” with...

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Chevron raises spending budget and share buybacks

Chevron Corp (NYSE:CVX) is trading down 0.68% at 112.10 U.S. oil producer Chevron Corp (NYSE:CVX) on Wednesday said it plans to boost spending on new oil and gas projects in 2022 by 20% to $15 billion, while also raising shareholder returns. Major oil companies are responding to a...

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