Saudi Arabia’s state-owned oil and gas company, Abacic Oil, operates an oil-processing facility in Saudi Arabia. Stanislav Krasilnikov | TASS | Getty Images Oil giant Saudi Aramco reported a 44% drop in 2020 results, but retained its billion 1 trillion dividend payments, with CEO Amin Nasser calling the last 12 …
Read More »Top Glove, Analyst on the Outlook of Malaysian Glove Stocks
SINGAPORE – The recent plunge in share prices of Malaysian rubber gloves makers is “unreasonable,” analysts said, predicting further upside in stocks. Shares of Top Glove, the world’s largest rubber gloves manufacturer, closed down 17.7% this year after closing on Monday. Its smaller allies Hartalega, Supermax and Coson have fallen …
Read More »Zoom Video Communications Stock Slides. Here’s what investors worry about.
The size of the text On February 9, 2021, Farmer.mCakarthi, one of his goats for a zoom in at the Cronkshaw Fold Farm in north-west England. By Paul Ellis / AFP Getty Images Zoom Video Communications The company has returned early gains to the stock amid ongoing concerns about both …
Read More »Barclays reports 38% slide in net profit in 2020, resumes dividend payments
On Thursday, Barclays posted a full-year profit of 3 1.53 billion (2. 2.11 billion) for 2020, down 38% from 2019 but exceeding analyst expectations. The British lender attributed its fourth quarter net profit to 220 million shareholders, despite the UK taking new nationwide lockout measures amid the resurgence of Covid-19. …
Read More »Society General Earnings Q42020
This photo, taken on October 28, 2019, shows the logo of the Society General Bank in Istraham, Normandy, France. Summer Al-Dumi | AFP | Getty Images LONDON – The Society General beat analysts’ expectations on Wednesday, describing the second half of 2020 as a “significant improvement” in business, despite the …
Read More »