Naphjas Inc. |

03 Jan ‘Challenging’ market prompts Stellantis to re-evaluate auto show participation

Posted at 20:33h in Canada

Chrysler parent company Stellantis says future participation in North American auto shows will be looked at on a "case-by-case basis" amid headwinds in the auto market."With a focus on preserving business fundamentals to mitigate the impact of a challenging automotive market in North America, Stellantis is working...

03 Jan Rogers to increase price of some wireless phone plans

Posted at 19:11h in Canada

Wireless phone plans will be getting more expensive for some Canadians this year. Rogers Communications Inc. will increase the cost of some of its plans in the coming weeks, the company confirmed to CBC News on Wednesday.Meanwhile, Bell is reportedly increasing some of its existing wireless phone plan...

03 Jan Jeffrey Epstein court document names unsealed Wednesday

Posted at 18:54h in Europe

Jeffrey Epstein and Ghislaine Maxwell attend Batman Forever/R. McDonald Event on June 13, 1995 in New York City.Patrick McMullan | Getty ImagesNew York federal court documents containing previously hidden names of people associated in some way with the late notorious sex offender Jeffrey Epstein will...

03 Jan Suncor share price jumps after posting 2nd-highest quarter for oil output

Posted at 18:10h in Canada

Suncor Energy Inc.'s share price jumped Wednesday as the company reported its fourth quarter oil output was its second-highest quarter ever.The Calgary-based company announced upstream production in the fourth quarter of 2023 of 808,000 barrels per day. With the strong fourth-quarter output, Suncor said it...

03 Jan Maersk shares gain after shipping firm extends Red Sea pause

Posted at 15:31h in Europe

Shipping giant Maersk saw a second session of strong gains Wednesday, as investors assessed a ratings upgrade and its decision to prolong a halt on Red Sea travel due to safety concerns.The Danish firm topped Europe's Stoxx 600 gainers, with its Copenhagen-listed shares up 4.7%...

03 Jan Huawei’s HarmonyOS to beat Apple’s IOS as the No. 2 smartphone operating system in China in 2024: TechInsights report

Posted at 15:00h in Asia

Huawei Technologies’ mobile platform HarmonyOS is projected to surpass Apple’s IOS as the second-biggest operating system in China this year driven by the US-sanctioned firm’s comeback with the Mate 60 series, according to a report by TechInsights.While Google’s Android and Apple’s IOS will continue to...

03 Jan Apple dominates global premium smartphone market in 2023, but Huawei gains ground on the back of its new 5G handsets

Posted at 13:00h in Asia

The global premium smartphone market, where handsets are priced from US$600, saw Apple remain the “undisputed leader” last year with a dominant 71 per cent share, according to the latest industry report released on Tuesday by Counterpoint Research.Samsung retained the global No 2 spot in...

03 Jan Distressed Chinese developer CIFI offers up new proposal hoping to slash US$7 billion offshore debt by half

Posted at 12:30h in Asia

CIFI seeks to address its aggregate offshore indebtedness by “deleveraging the company’s consolidated balance sheet” to reduce its offshore debt to between US$3.3 billion and US$4 billion. The company also aims to design a sustainable amortisation schedule to provide a healthy capital structure, the filing...

03 Jan Killing of Hamas leader stokes fears of wider conflict

Posted at 12:24h in Europe

03 January 2024, Lebanon, Beirut: The destroyed Hamas' office that was attacked by Israel on 02 January killing Palestinian leader Saleh al-Arouri and six others pictured from shattered glass in Beirut southern suburb. Photo: Marwan Naamnai/dpa (Photo by Marwan Naamnai/picture alliance via Getty Images)Picture Alliance...

03 Jan Hong Kong airport raises more than US$500 million in first local-currency bond offering, to fund third runway

Posted at 11:30h in Asia

Airport Authority Hong Kong (AAHK), the operator of the city’s airport, has tapped the local public institutional bond market for the first time, pricing a HK$4 billion (US$512 million) senior offering to fund capital improvements including its third-runway project.Investors from sovereign wealth funds, asset managers,...

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