There is something for everyone in this excellent selection of undervalued stocks. *Stock prices used were the afternoon prices of May 30, 2026. The video was published on June 1, 2026. Continue reading
There is something for everyone in this excellent selection of undervalued stocks. *Stock prices used were the afternoon prices of May 30, 2026. The video was published on June 1, 2026. Continue reading
Potential Offshore Strike In Norway Could Add Fresh Uncertainty To Global Energy Markets As Wage Talks Collapse By Michael Kern of OilPrice.com A potential strike over wages could threaten smooth operations offshore Norway, Western Europe's top oil and gas producer, at a time when the world is scrambling for oil and gas supply amid the Middle East crisis. Almost 8% of oil and gas workers offshore ...
Potential Offshore Strike In Norway Could Add Fresh Uncertainty To Global Energy Markets As Wage Talks Collapse By Michael Kern of OilPrice.com A potential strike over wages could threaten smooth operations offshore Norway, Western Europe's top oil and gas producer, at a time when the world is scrambling for oil and gas supply amid the Middle East crisis. Almost 8% of oil and gas workers offshore Norway could go on a strike from June 5 if trade union negotiations with industry fail to reach an agreement in a government-brokered mediation process , according to data from the labor unions on Monday. More than 600 workers out of about 8,100 in total offshore Norway could begin a strike later this week, Reuters reported on Monday, citing the office of the government-appointed mediator. Negotiations between the offshore industry and the workers organized in the Styrke, Lederne, and Safe trade unions continue. At the end of last week, talks between Offshore Norway, which represents the oil industry in the wage talks, and the unions broke down. Offshore Norway and the trade union Styrke held negotiations on May 27 on the onshore base agreements, which cover approximately 875 employees at supply bases along the Norwegian coast. But they failed to reach agreement on a new collective agreement for supply base employees. “By evening, the parties remained too far apart, and the negotiations ended in a breakdown,” Offshore Norway said last Thursday, citing disagreements over advance payment of sickness benefits, parental benefits, and care benefits. While talks continue, the possibility of a strike is looming over the oil and gas operations offshore Norway. It’s not clear how a strike would affect Norway’s oil and gas output, if at all. Norway produces more than 4 million barrels of oil equivalent per day, with oil and gas nearly equally divided at 2 million boepd each. Norway is shipping crude as far as Asia, which struggles without a large part of the Middle Eastern supply. No...
Philip Morris International Inc. cut its profit forecast for this fiscal year after writing down the value of its investment in its Canadian affiliate by $500 million. The tobacco maker, which sells Marlboro cigarettes outside the US, now expects adjusted earnings per share of $8.31 to $8.46, down from as much as $8.51 previously, according to a statement Tuesday. Part of that is also due to curre...
Philip Morris International Inc. cut its profit forecast for this fiscal year after writing down the value of its investment in its Canadian affiliate by $500 million. The tobacco maker, which sells Marlboro cigarettes outside the US, now expects adjusted earnings per share of $8.31 to $8.46, down from as much as $8.51 previously, according to a statement Tuesday. Part of that is also due to currency movements. The downgrade comes after PMI said Rothmans, Benson & Hedges (RBH) updated its five-year financial projections, which resulted in a non-cash impairment charge in the second quarter. RBH continues to operate as PMI’s affiliate in Canada, despite deconsolidating from the group after damages awarded in a protracted tobacco lawsuit forced Canadian subsidiaries to seek bankruptcy protection. The lawsuit alleged that companies failed to adequately warn consumers that their products caused cancer and other illnesses. Separately, British American Tobacco Plc said it still expects adjusted operating profit to be at the lower end of its 4% to 6% target range this fiscal year. The shares slipped as much as 3.8% in early London trading. Like PMI, the London-based maker of Dunhill, Lucky Strike and Pall Mall cigarettes is seeking to transition away from traditional cigarettes to smoke-free alternatives such as Velo nicotine pouches.
About 800 Mozambicans said to be caught up in violence in Mossel Bay as anti-immigration protests sweep country Five Mozambique nationals were killed in “xenophobic attacks” in South Africa at the weekend, the Mozambican government said – the first deaths officially linked to protests against illegal immigration sweeping the country. About 800 Mozambican nationals were caught up in violence that b...
About 800 Mozambicans said to be caught up in violence in Mossel Bay as anti-immigration protests sweep country Five Mozambique nationals were killed in “xenophobic attacks” in South Africa at the weekend, the Mozambican government said – the first deaths officially linked to protests against illegal immigration sweeping the country. About 800 Mozambican nationals were caught up in violence that broke out in the southern coastal city of Mossel Bay on Friday, a government statement said. Continue reading...
jetcityimage/iStock Editorial via Getty Images EchoStar ( SATS ) Monday said that it has elected not to make ~$183M in cash interest payments due on June 1 on its DISH DBS subsidiary’s secured and unsecured notes due to pending receipt of $20.25B from AT&T ( T ) transactions. The skipped payment comprised $72.2M on 5.25% notes due 2026, according to a filing . It also included $71.9M on 5.75% note...
jetcityimage/iStock Editorial via Getty Images EchoStar ( SATS ) Monday said that it has elected not to make ~$183M in cash interest payments due on June 1 on its DISH DBS subsidiary’s secured and unsecured notes due to pending receipt of $20.25B from AT&T ( T ) transactions. The skipped payment comprised $72.2M on 5.25% notes due 2026, according to a filing . It also included $71.9M on 5.75% notes due 2028. The payment included $38.4M on 5.125% unsecured notes due 2029. More on EchoStar EchoStar: There's More To This Company Than Just SpaceX Shares EchoStar: Potential Bull Trap At Play - Take Gains Off The Table EchoStar: The SpaceX Deal May Already Be Priced In Space stocks extend gains on optimism around SpaceX public debut Sphere Entertainment tops communications services stocks in short interest; Alphabet sees the lowest exposure
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Goldman Sachs Group Inc . is working on a potential initial public offering of a Kuwaiti online beauty and fashion retailer, a deal that could mark the Wall Street bank’s first listing mandate in the Gulf nation as it seeks to expand there. Boutiqaat’s offering could take place as early as the first quarter of next year, according to people familiar with the matter, who asked not to be identified ...
Goldman Sachs Group Inc . is working on a potential initial public offering of a Kuwaiti online beauty and fashion retailer, a deal that could mark the Wall Street bank’s first listing mandate in the Gulf nation as it seeks to expand there. Boutiqaat’s offering could take place as early as the first quarter of next year, according to people familiar with the matter, who asked not to be identified discussing confidential information. The company is seeking a valuation of more than $1 billion, one of the people said, which could make it one of the largest private-sector listings in Kuwait’s history. Boutiqaat was valued at about $500 million in a 2019 funding round, Bloomberg News previously reported. The discussions remain preliminary, and the timing and size of any deal have yet to be finalized, the people said. Representatives for Boutiqaat and Goldman declined to comment. Get the Mideast Money newsletter , a weekly look at the intersection of wealth and power in the region. If the deal proceeds, it would mark several milestones. Boutiqaat would become the first e-commerce platform to go public on Kuwait’s $167 billion stock exchange, while Goldman would secure its first IPO advisory role in the country after opening an office there last year as part of its broader push into the oil-rich market. Other global financial firms, including Carlyle Group Inc. , Franklin Templeton and State Street Corp. , have also sought to expand in Kuwait as the OPEC member works to position itself as a regional business hub. It is unclear how far those efforts have progressed, as the US-Israeli war with Iran roils the region. Even so, Wall Street firms, including Goldman, have been vocal in their support for Gulf markets, looking to nurture relationships with sovereign wealth funds that have emerged as some of the world’s most consequential dealmakers. Read More: Goldman’s ‘Unwavering’ Support Shows Gulf’s Lure for Wall Street Goldman has also been vying for a potential $10 billion ma...