BNP Research: Tough Road Ahead for Oil

BNP Research: Tough Road Ahead for Oil

New research, led by Mark Lewis, Global Head of Sustainability Research at BNP Paribas Asset Management, shows that oil needs a long-term breakeven price of USD 10 – 20/barrel to remain competitive in mobility in his report Wells, Wires and...
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Diamonds Are Forever, Nevertheless Sales Aren’t

Diamonds Are Forever, Nevertheless Sales Aren’t

Diamonds sector crisis – De Beers sales crashed 44% as demand plummets.  The Financial Times states that De Beers’, the world’s largest diamond miner, has seen a collapse in sales this month, as the entire industry is on the brink of a d...
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GE Posts Quarterly Loss

GE Posts Quarterly Loss

General Electric Co. reported a second-quarter loss and flat sales, but said it was making progress in restructuring its long-struggling and hopeless Power division and raised its full-year financial projections. GE also said its CFO Jamie Miller, will be leav...
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China Unveils 600 km/h Maglev Train

China Unveils 600 km/h Maglev Train

Maglev is train levitating on magnetic field created by electromagnets in rail and China’s state train maker recently unveiled the first prototype of a new maglev train capable of speed 600 kilometers per hour. China Railway Rolling Stock Corporation (CRRC)...
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Markets Have Deteriorated Rapidly as Box Demand Tumbled 3%

Markets Have Deteriorated Rapidly as Box Demand Tumbled 3%

For high-end analysts, cardboard demand is one of secret indicator. The cardboard industry is an oligopoly, with a few producers making most of the boxes and International Paper is the leading producer of containerboard globally. A limited number of competito...
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Panasonic Suspends Investments in Both Gigafactory 1 and Shanghai EV Plant

Panasonic Suspends Investments in Both Gigafactory 1 and Shanghai EV Plant

Tesla shares fall almost 5% on the stunning news that its relationship with Panasonic could be on the rocks. Panasonic is freezing plans to expand the capacity of Tesla’s Gigafactory 1 at the very same time that demand questions are starting...
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Oil major Shell wants to be the world’s largest electricity provider by 2035

Oil major Shell wants to be the world’s largest electricity provider by 2035

Widely nown as Shell, Royal Dutch Shell is one of the biggest oil and gas company in the world. The plans of the British-Dutch giant for the coming years have surprisingly deviated from the current course. “The amount of clean...
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US core capital goods orders unexpectedly drop in December

US core capital goods orders unexpectedly drop in December

The data pointed to a further slowdown in business spending on machinery and non-defense equipment. The December report was delayed by a 35-day shutdown of the federal government that ended on Jan. 25. The Commerce Department said the “processing and da...
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Newmont Mining to buy Goldcorp in $10 billion deal to create world’s largest gold producer

Newmont Mining to buy Goldcorp in $10 billion deal to create world’s largest gold producer

  Newmont Mining said it would buy Goldcorp in a deal valued at $10 billion. The deal will create the world’s biggest gold producer by output. Newmont Mining said on Monday that it would buy smaller rival Goldcorp in a...
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