Another US oil refinery to vanish with Lyondell Houston plant closing
By Erwin Seba HOUSTON (Reuters) – Chemical maker LyondellBasell Industries (NYSE:LYB) on Friday detailed its long-announced plan to permanently shutter its 263,776 barrel-per-day (bpd) Houston oil refinery in the first quarter of 2025. The planned closing marks the latest in…
Apple, Amazon shares steady in Frankfurt after results
LONDON (Reuters) – Frankfurt-listed shares of “Magnificent 7” stocks Apple and Amazon (NASDAQ:AMZN) were broadly steady on Friday, in light volumes after both companies reported quarterly earnings after-market on Thursday. Apple’s Frankfurt listing was down just 0.1% after the company…
Siemens can make more acquisitions after Altair deal, exec tells paper
ZURICH (Reuters) – Siemens has the financial muscle for further software acquisitions after its $10.6 billion purchase of U.S. industrial software company Altair, managing board member Cedrik Neike said. “This was definitely not the last acquisition we make in the…
Nomura more than doubles profit in quarter overshadowed by scandal
TOKYO (Reuters) -Japan’s Nomura Holdings (NYSE:NMR) more than doubled its quarterly profit on Friday, marking its sixth straight quarter of growth, bolstered by a strong performance at its wholesale business, even as the bank was dogged by a trading scandal….
Japan stocks lower at close of trade; Nikkei 225 down 2.79%
Investing.com – Japan stocks were lower after the close on Friday, as losses in the Transportation Equipment, Rubber and Pharmaceutical Industry sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 2.79%. The best performers of the…
Indonesia bans sales of Google phones days after blocking Apple’s iPhone 16
JAKARTA (Reuters) -Indonesia said it has banned sales of smartphones made by Alphabet (NASDAQ:GOOGL)’s Google due to rules requiring the use of locally manufactured components, days after blocking sales of tech giant Apple (NASDAQ:AAPL)’s iPhone 16 for the same reason….