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The US oil corporation Exxon Mobil, one of the largest in the world in terms of market capitalization, announced its intention to invest in the modernization of its refinery Fawley in the UK more than 500 million pounds sterling. The Financial Times writes that these Exxon investments will be the most significant in the British oil refining sector in almost 30 years. Fawley will receive new plants for complex oil treatment. A hydrotreating reactor will be installed, as well as a hydrogen plant, which will allow Fawley to process a significantly larger number of types of oil. The final investment project of Exxon should still receive the approval of the British authorities and the board of directors of the company.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
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