The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in October and September, according to a Reuters…
Category: Business
CVS forecasts higher profit for 2023
CVS Health Corp (CVS.N) on Wednesday forecast its adjusted profit to be in the range of $8.70 to $8.90 per share in 2023. This is higher than the new adjusted…
S&P cuts Credit Suisse Group rating to one step above junk status
S&P Global Ratings has downgraded Credit Suisse Group's (CSGN.S) long-term credit rating to one step above junk bond status, citing "material execution risks" in the Swiss bank's efforts to get…
IMF backs Latam progressive taxes, fiscal discipline
The International Monetary Fund will continue to be supportive of progressive tax reforms in Latin America and the Caribbean while fiscal and monetary policies that have worked should be kept…
Big brands set to miss plastic sustainability targets
Some of the world's biggest consumer goods companies, including PepsiCo (PEP.O), Mars and Nestle (NESN.S), are almost certain to miss a target to make plastic packaging more sustainable by 2025,…
Logistics startup Flexport plans hiring spree, to double engineers in 2023
Flexport, one of the most valuable logistics startups, is looking to add about 400 engineers to double its technical team by next year, a top company executive said. The hiring…
Asian equities receive meagre inflows in October amid recession worries
Asian equities saw meagre inflows in October after massive selling in the previous month, and analysts expect fears of a global recession and a stronger U.S. dollar to weigh on…