Finance news

Bangchak Completes Acquisition of Chevron Hong Kong

The Thai group said it had completed the purchase of Chevron's fueling business in Hong Kong, though acquired stations continue to offer the Caltex brand for two years.

Question about portfolio transfer

Meddl Loide, I initiated a portfolio transfer to Trade Republic at Scalable Capital a week ago. Since then I have seen the status in the picture. Do I have to do something or just wait? VG submitted by /u/praxidike74 [link] [comments]

Battery manufacturer in distress: Deutsche Bank makes possible Varta rescuer fidget

The offer to rescue Varta has been on the table for almost four weeks. However, the creditors have still not spoken to the investor. Is there any plan to break up the battery manufacturer?

Energy transition: Energy industry insists on rapid reforms for offshore wind power

The expansion of wind farms at sea is stalling and the goals set are at risk. The energy industry is calling for necessary reforms to be implemented quickly. She outlines her concept in a position paper.

Single 41F with a well‑paying job - what's next?

41F here, single, no kids, living in Eastern Europe. I have a net worth of almost €1M: two apartments, and most of the rest invested in ETFs/ equities. Economic stability is important to me - I grew up poor and later had to change professions to earn good money. I speak English and German fluently, have experience living abroad, and work in a technical IT role. I currently have a well‑paying job, but it requires 12‑hour days and is toxic to the point where many people - myself included - end up

Billionaire John Arnold commits $2.6 million to study online sports betting risk

John Arnold, who runs Arnold Ventures with his wife, Laura, is investing $2.6 million for university research into potential harms of online sports betting.

‘I make my own pizza.’ What’s the best way you’ve found to save money?

“Saving money doesn’t have to be about pizza — it could be coffee, cooking, cleaning, vacations, or anything else.”

Hong Kong should build AI plan around ‘competitive’ strengths, industry leaders say

Hong Kong should draft a five-year plan that includes an artificial intelligence (AI) focus that is not too broad, makes the most of its core strengths and attracts the best talent to develop the sector, industry leaders have said. At the South China Morning Post’s China Conference on Tuesday, titled “Intelligence at Scale: Hong Kong’s AI-Powered Future”, speakers at two panel discussions considered how Hong Kong could deliver on its AI aspirations and the city’s readiness as a launch pad for...

Middle East: Hamas dissolves government in Gaza

The terrorist organization announced on Monday the dissolution of a body that formed the de facto government in Gaza for twenty years. However, the ministries should remain in place. In addition, Hamas wants to continue exercising police power.

Defense industry: TKMS lands billion-dollar submarine order

The Thyssenkrupp subsidiary has received one of the world's largest submarine orders in Canada. The government in Ottawa wants to order up to twelve submarines from Germany. This is the largest procurement in Canadian history.

NATO to add up to five Northrop Grumman Triton drones for maritime surveillance

“It is genuinely made in NATO and is creating jobs on both sides of the Atlantic,” alliance Secretary-General Mark Rutte said.

Extremism: Czech Republic is allowed to extradite neo-Nazi Liebich to Germany

The convicted right-wing extremist Marla Svenja Liebich vehemently resisted her extradition to Germany. Now the Higher Regional Court in Prague has decided. What's next?

Huawei’s new computing cluster, world’s first AI agent phone to debut at China AI summit

The coming World Artificial Intelligence Conference (WAIC) is set to feature major new product releases, such as Huawei Technologies’ next-generation computing cluster, as China doubles down on AI in the global technology race. This year’s WAIC, the ninth since 2018 and running from July 17 to 20 in Shanghai, would include the first physical display of Huawei’s Atlas 950 SuperPoD, Tang Wenkan, director of the Shanghai Municipal Commission of Economy and Informatisation, said at a press briefing.

Shell Signals Oil and Gas Trading Windfall in Q2 Amid Iran War

Shell expects to have booked significantly higher oil and LNG trading results in the second quarter of the year as the Iran war drove extreme volatility in energy commodity markets. Shell expects its trading and optimization result in the integrated gas division to be significantly higher in the second quarter than in the first quarter, the UK-based supermajor said in an update note on Tuesday, ahead of reporting detailed Q2 figures on July 30. The trading and optimization results in the chemica

Aviation industry: Consumer advocates are examining class action lawsuits against airlines

The consumer advice center is investigating a class action lawsuit against airlines that withhold taxes and fees on unused tickets. Those affected can report their experiences.

Denmark to buy two Boeing P-8 aircraft for Arctic surveillance

In recent months, Copenhagen has stepped up efforts to strengthen Arctic subsurface and oversea surveillance capabilities amid Russian threats and US President Donald Trump’s verbal push to acquire Greenland.

Hong Kong yuan facility to expand 150% to US$73.6 billion to meet international demand

Hong Kong will substantially increase its yuan facilities for banks from this Friday, while the city will also introduce a new electronic fixed income and currency (FIC) trading system as part of its latest efforts to promote yuan trading, according to local market regulators on Tuesday. Hong Kong Monetary Authority (HKMA) would increase the quota of its RMB Business Facility for banks by 1.5 times to 500 billion yuan (US$73.6 billion) from this Friday, according to its chief executive Eddie Yue

Economic situation: Industry is coping with the Iran war better than feared

A strong increase by automobile companies boosted production in May. Well-filled order books and lower oil prices give hope.

Oil company: Shell expects strong trading business

The Iran war is affecting trade in gas and oil. The British company still expects brisk trading and is raising its forecast.

Energy policy: Government plans to save billions in heating subsidies

The federal government wants to reform heating subsidies. Climate bonus and eligible costs should gradually decrease. Families and low earners should benefit.

US-sanctioned 'teapot' refiner Hengli leads China petrochem profit spike

Samsung profit soars 19 times but shares slump 6.9% on oversupply worries

Japanese bond yields march toward 3% as fiscal fears escalate

Tokyo's property boom is a warning, not a crisis

Japan's Sumitomo Mitsui Trust Bank to invest in NZ infrastructure investor

Japan's blockchain-based security tokens to open to foreign investors

Fees not refunded?: Consumer advocates are examining class action lawsuit against airlines

Airlines must refund taxes and fees on unused tickets. But not all airlines adhere to this.

Former ‘Grey’s Anatomy’ star Katherine Heigl is selling her gorgeous Utah home for $10.6 million

Katherine Heigl is selling her longtime Utah retreat 14 years after she left the Hollywood spotlight to enjoy a quieter life with her family at the extraordinary mountain home.

Dennis Quaid lists L.A. home for $5.2 million and makes the move to Nashville

The sun-soaked lifestyle he was able to enjoy at the home wasn’t enough to keep Quaid tethered to California, with the actor revealing recently that he made the decision to quit Los Angeles altogether.

Household: Soon there will be less help from the state for climate-friendly heating

The federal government wants to save on funding for heat pumps and other types of heating that are less harmful to the climate. What exactly is planned.