Occidental Petroleum Corp posted a larger-than-expected loss of US$731 million on Monday on an asset sale in the Permian Basin.
WHILE the applause gets louder for the rising interest in sustainable investing - that is, investing according to environmental, social and governance (ESG) principles - calls for safeguards against greenwashing are also growing in volume.
THE maximum central clearing tenor for over-the-counter Singapore Overnight Rate Average (Sora) derivatives by global clearing house LCH has been extended to 21 years from 5.5 years previously.
Discount chain Dollar General Corp, one of the few U.S. retailers thriving during the COVID-19 pandemic, is taking steps to find a potential successor to Chief Executive Todd Vasos, people familiar with the matter said on Monday.
Apple Inc's customers may end up spending more on non-gaming mobile apps by 2024, data analytics firm SensorTower said on Monday, as lockdown lifestyles result in users looking beyond games to apps that help with more essential services.
The U.S. House of Representatives budget committee approved Monday a bill with US$1.9 trillion in coronavirus relief, backed by President Joe Biden.
Sterling looks set to extend its rally beyond US$1.40, thanks to the pace of Britain's COVID-19 vaccine rollout and signs that investors are flocking back to assets out of favour during years of Brexit turmoil.
The U.S. House of Representatives budget committee approved Monday a bill with US$1.9 trillion in coronavirus relief, backed by President Joe Biden.
Chile's state-owned Codelco, the world's largest copper producer, views recent spike in the price of the red metal as a "good opportunity" to generate cash for investments and hold down debt, but warned it could also drive up the miner's costs, a senior executive told Reuters on Monday.
The S&P 500 and Nasdaq indexes came under pressure on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies.
