According to the US Department of Agriculture, at least 80 dairy cows in ten states have contracted bird flu, causing escalating deaths and culling, potentially leading to severe supply chain disruptions and economic strain. According to the most recent data from the US Department of Agriculture, at least 80 dairy
According to an Associated Press investigation, the number of the world’s debt-laden ‘zombie’ companies has risen, and they will have to pay off $1.1 trillion in loans by year-end. The number of publicly traded “zombie” companies—those with debt so high they can’t even afford the interest on their loans—has increased
Recently, Bloomberg reported that you can now buy gold bars from vending machines in a GS Retail Co. convenience store in the Gangnam neighborhood of South Korea. Costco was the first to start selling gold bars—and running out of them. In South Korea, vending machines currently sell them. In one
According to a filing with the Hong Kong Stock Exchange by China’s Sinopec, they will build gas pipelines for Saudi Aramco in a $1-billion deal. Sinopec, a Chinese energy behemoth, announced on Thursday that it has reached an agreement worth $1.3 billion with Saudi Aramco to acquire and construct pipes
The Texas Stock Exchange (TXSE), backed by BlackRock and Citadel Securities, plans to challenge NYSE and Nasdaq, aiming for SEC registration this year and trading by 2025, with first listings in 2026. The Texas Stock Exchange is a new competitor to the New York Stock Exchange and Nasdaq, and investors
HSBC, in a recent assessment of the company, revealed that it believes the $22 billion Byju’s is now worth zero, citing financial mismanagement, missed sales targets, governance issues, and the exit of key auditors and board members. In a recent research report, HSBC calculated that the $22 billion valuation of
Saudi Aramco’s $12 billion share sale last Sunday, selling 1.545 billion shares at 26.70-29 riyals each, saw immediate success, attracting keen interest from global investors. In a filing with the Saudi Exchange last week, Saudi Aramco (ARMCO), the country’s largest energy corporation, announced its intention to sell shares in the
Reuters has reported that Indian company Reliance Industries will buy Russian oil in roubles and is also able to acquire the oil at a discount. Four people with knowledge of the situation told Reuters that Russia’s Rosneft and India’s Reliance Industries, which runs the largest refining complex in the world,
According to the Times of India, India’s central bank, the RBI, has moved 100 tons of gold from the UK to domestic vaults because the stock was increasing abroad. A little over 100 metric tons of gold have been transferred by India’s central bank from the United Kingdom to its
