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April 20, 2021

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GE plans to stop making coal-fired power plants

October 5, 2020September 29, 2020 - by pimpmywoocom

General Electric Co GE.N said on Monday it plans to stop making coal-fired power plants, as the U.S. industrial conglomerate focuses more on renewable sources of power generation. The company …

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Business

Rolls-Royce shares hit 16-year low on mooted $3 billion equity raising

October 4, 2020September 29, 2020 - by pimpmywoocom

LONDON – Rolls-Royce shares hit 16-year lows on Monday after the engine maker confirmed it was considering a rights issue of up to 2.5 billion pounds ($3.23 billion) following months …

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Business

Americans grew more pessimistic about job prospects amid pandemic: New York Fed survey

October 3, 2020September 29, 2020 - by pimpmywoocom

Americans faced a tougher labor market in early summer as more people lost jobs during the pandemic and became more pessimistic about their employment prospects going forward, according to a …

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Business

Exclusive: Shell launches major cost-cutting drive to prepare for energy transition

October 2, 2020September 29, 2020 - by pimpmywoocom

LONDON – Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can …

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Business

U.S. corporate board diversity lags as few minority execs get top jobs: study

October 1, 2020September 29, 2020 - by pimpmywoocom

BOSTON – Publicly traded U.S. companies have been slow to add minority directors over the past five years even as women grabbed a greater share of board seats during that …

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Business

Germany says FinCEN money laundering revelations are not new

September 30, 2020September 29, 2020 - by pimpmywoocom

BERLIN ( – Germany’s finance ministry said on Monday that a slew of news reports about money laundering among global banks including Deutsche Bank DBKGn.DE did not appear to contain …

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Business

Oil refiners worldwide struggle with weak demand, inventory glut

September 29, 2020September 29, 2020 - by pimpmywoocom

NEW YORK/LONDON/MELBOURNE – Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from …

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