Barrick Gold is benefiting from increased copper production, although inflation has pushed up production costs. (Photo: 123RF) News is essential • Increase Barrick Gold’s profitability for copper production. Gold-bearer Barrick Gold posted a nearly 19% gain in second-quarter profits, benefiting from rising copper production, even as inflation pushed up production costs. • US Senate passes … Read more
Capri Holdings, owner of the Michael Kors brand, reported better-than-expected quarterly earnings. (Photo: 123RF) News is essential • Biden to approve legislation that would help US semiconductors take on China. President Joe Biden will sign a bill providing $52.7 billion in subsidies for semiconductor production and research in the United States, as well as bolstering … Read more
Barrick Gold is benefiting from increased copper production, although inflation has pushed up production costs. (Photo: 123RF) News is essential • Increase Barrick Gold’s profitability for copper production. Gold carrier Barrick Gold posted a nearly 19% gain in the second quarter, benefiting from rising copper production, even as inflation pushed up production costs. • US … Read more
Sun Life reported earnings on Wednesday that beat analysts’ forecasts for the second quarter. (Photo: Archive) News is essential • Bombardier suffers low losses, benefits from strong demand. Business jet maker Bombardier posted a small loss in the second quarter, benefiting from sustained demand from affluent travelers and lower finance charges. • Thomson Reuters posts … Read more
Apple has reportedly asked its suppliers to ensure shipments from Taiwan to China comply with Beijing customs rules. (Photo: The Canadian Press) News is essential • US: Job growth slows in July, no recession. U.S. job growth will likely slow in July, but the pace will be enough to keep the unemployment rate at 3.6% … Read more
CVS Health raised its full-year profit forecast after the second quarter. (Photo: 123RF) News is essential • Pelosi’s “unequivocal support” for Taiwan despite Chinese threats The speaker of the US House of Representatives, Nancy Pelosi, left Taiwan after recalling her solidarity with the island nation and hailing the country’s democracy, angering China, which demands a … Read more
US House of Representatives Speaker Nancy Pelosi is expected to arrive in Taipei later on Tuesday. (Photo: 123RF) News is essential • Beijing’s show of force ahead of Pelosi’s visit to Taiwan. US House of Representatives Speaker Nancy Pelosi is expected to arrive in Taipei later on Tuesday after several Chinese warplanes flew near the … Read more
ExxonMobil posted its biggest quarterly profit in its history on the back of rising electricity prices. (Photo: 123RF) (Editor’s note. Due to the holiday, the Canadian edition of the Morning News will not be published on Monday, August 1.) News is essential • Exxon posts second-quarter profit ExxonMobil posted its biggest quarterly profit in its … Read more
(Photo: 123RF) Market review. Global markets advanced on Friday, driven by corporate results that were generally less dire than expected and somewhat reassured by euro zone growth figures. European stock markets rose. In Asia, Tokyo finished close to par, while Shanghai (0.89%) and Hong Kong lost ground. The New York Stock Exchange was heading for … Read more
Even if the group was hit hard by Covid-19, it still recorded record profits for the quarter. Air France-KLM returned to profit in the second quarter, for the first time since the Covid-19 pandemic, but its activity has slowed due to staff shortages at airports. The Franco-Dutch group remained loss-making for the first six months … Read more