Eicarg
™
Home
User Login
User Registration
Terms & Conditions
Privacy Policy
Contact Info
About
Eicarg Finance
Only Business & Financial News
Home Depot beats and keeps guidance
"Home Depot on Tuesday reported quarterly earnings and revenue that beat analysts’ expectatio ...
CNBC
2022-08-16 07:58:47
Walmart beats and keeps guidance
"Walmart on Tuesday said sales grew more than 8%, but profits tightened in the fiscal second qu ...
CNBC
2022-08-16 07:57:32
Frontier increasing seat capacity 10-20% to grab leisure market
"From 2024, the Colorado-based carrier is aiming to increase capacity, or the number of seats i ...
Reuters
2022-08-16 07:05:28
Switzerland is the latest in Europe to consider switching to oil this winter
The Swiss energy minister, who has backed more renewable energy use, made the comment this weekend. ...
Oilprice.com
2022-08-15 20:29:33
Goldman's Courvalin sees $15 upside to oil target if China opens - no sign of that today
Last week, Damien Courvalin said their $130 year-end target for oil did not include China opening ba ...
Bloomberg
2022-08-15 14:43:31
Oil down significantly to start the week on weak China data
Many commentators like to explain the movements in oil price based on recession fears in the US. Thi ...
Oilprice.com
2022-08-15 14:25:39
Rystad sees 700k bpd and IEA sees 2 million bpd drop in Russian oil by year-end
The EU ban on Russian oil starting Dec. 5 will hit imports of seaborne crude and most piped supplies ...
Yahoo-Bloomberg
2022-08-15 10:28:32
Japan's economy grew 2.2% YoY slightly below expected 2.5%
Japan continues the trend of most Asian countries, except China, reaping the benefits of reductions ...
Reuters
2022-08-15 06:46:06
Thai economy grows 2.5% YoY after lifting covid curbs
"Southeast Asia's second-largest economy is making a steady recovery after the lifting of ...
Reuters
2022-08-15 06:39:00
China data worsens - youth unemployment at record 19.9% - Bank of China lowers rates
"Property investment tumbled almost 12% in July while industrial output growth and retail sales ...
asiafinancial
2022-08-15 06:28:28
Singapore's airport now Asia's busiest with former No. 1 Hong Kong not even in top ten
"Singapore’s Changi Airport has emerged as the leader among Asian airports in terms of intern ...
SCMP
2022-08-14 17:49:01
Illumina's earnings hit by legal fees, cancer test on fire, and sequencing growth lowered
Illumina's Galleri, acquired with Grail, delivered the fastest ever revenue ramp of a cancer sc ...
Fierce Biotech
2022-08-14 17:41:56
Apps allowing Asian eateries to sell left-over food & save space in landfills
About a third of food may be lost or wasted. New apps in the Asia-Pacific region allow people to pic ...
The Straits Times
2022-08-14 17:22:37
5-fold increase in fertilizer price also contributing to food inflation
Fertilizer has risen from $270/ton last year to $1,400/ton this year. The price has been affected by ...
CNBC
2022-08-14 13:50:46
While West seeks to curb oil and gas, African countries seek to attract low-carbon operations
"Africa’s largely unexplored oil reserves could provide the world with the low-carbon resourc ...
Oilprice.com
2022-08-14 07:12:14
Saudi's state oil company's net profit soars 90% YoY
Aramco on Sunday, 8/14, reported a quarterly profit of $48.39 billion. Aramco is so large that its d ...
Reuters
2022-08-14 06:32:21
President Biden expected to sign Inflation Reduction Act into law next week
"President Joe Biden said he will next week sign into law a $430 billion bill that is seen as t ...
Reuters
2022-08-13 16:01:39
Coal giants like Glencore making record profits with most-polluting fuel
The fuel remains the best way to provide cheap and reliable baseload power. "Despite the huge r ...
Yahoo-Bloomberg
2022-08-13 06:30:50
Kazakhstan expected to divert some oil through a smaller pipeline bypassing Russia
"At just over 30,000 bpd, the volume is a trickle compared to the usual 1.3-1.4 million bpd tha ...
Reuters
2022-08-13 06:24:18
With CPI reaching 71%, yes 71%, Argentina raises interest rates from 60% to 69.5%
The economy minister is attempting to reduce inflation, which is predicted to hit 90% by the end of ...
Reuters
2022-08-13 06:18:21
Rare Deflation: Growing US production of plastic resin from natural gas expected to continue to reduce the price
The contract price of polyethylene is down 21% from January, while production "in North America ...
Yahoo-Bloomberg
2022-08-12 15:02:43
Zantac's link to cancer being explored in court hitting pharma stocks
In 2019, the drug was reviewed for a probable carcinogen. More than 2,000 cases have been filed clai ...
CNBC
2022-08-12 10:39:52
5 big Chinese state-owned companies delisting from US exchanges
"The US and China have been at odds for two decades over allowing American inspectors access to ...
Yahoo-Bloomberg
2022-08-12 07:05:03
China's CPI up 2.7% YoY in July, PPI up 4.2%
"Food prices in China rose by 6.3 per cent from a year earlier in July, compared to 2.9 per cen ...
SCMP
2022-08-12 06:30:43
Chinese city that exports 2/3 of world's Christmas products put on 3 day lockdown
"A coronavirus lockdown in the Chinese manufacturing hub of Yiwu – home to the world’s larg ...
SCMP
2022-08-12 06:25:40
Malaysia's economy grew 8.9% YoY in Q2
"Malaysia’s economy has been on a strong recovery path since the country reopened its borders ...
The Straits Times
2022-08-12 06:20:49
Cargo shifting back from planes to ships
During covid, "the airfreight industry picked up ocean volumes due to the higher prices and dis ...
aircargo news
2022-08-11 20:30:11
FL, TX, and AZ top three destinations for rich, with FL leading by a wide margin
"Factors leading to the migration to the Sun Belt include lower taxes and warmer weather, as we ...
CNBC
2022-08-11 20:01:06
Goldman sees gasoline back near $5 per gallon by year-end
"Demand for crude is poised to rise as power generators and industrial producers switch from pr ...
Yahoo-Bloomberg
2022-08-11 19:51:04
OPEC+ sees slightly smaller 800,000 bpd surplus before meeting
"OPEC+ sources told Reuters last week that the group will likely keep output unchanged in Septe ...
Reuters
2022-08-11 10:21:43
Jobless claims rise slightly from last week, but last week revised down
"Prior week revised down to 248K from 260K; Initial jobless claims 262K vs. 263K estimate; 4 we ...
foreXlive
2022-08-11 09:30:42
Producer prices fall 0.5% MoM, rising on an annual basis of 9.8%
"Most of the decline came from energy, which dropped 9% at the wholesale level. That contribute ...
CNBC
2022-08-11 09:20:18
IEA: Europe will switch to oil use for power boosting oil consumption
"Soaring oil use for power generation in Europe and the Middle East will boost crude consumptio ...
Financial Times
2022-08-11 06:54:58
Gasoline prices fall below $4 a gallon
"The national average for regular gasoline dipped below $4 a gallon, according to AAA data, for ...
Yahoo!finance
2022-08-11 06:51:36
New bill makes most EVs immediately ineligible for a tax credit
The pricing and sourcing rules, specifically for crucial raw materials used for the batteries on the ...
CNBC
2022-08-11 06:48:39
Singapore raises trade forecast growth for full-year to 15%
"Singapore has raised its full-year trade forecasts after its export performance in the second ...
The Straits Times
2022-08-11 06:42:33
Plant completed that will produce plastic resin from Pennsylvania natural gas
Shell's plant in Pittsburgh that converts ethane to plastic has been completed. The plant is sl ...
Reuters
2022-08-11 06:37:48
Tanker rates from US to Europe now 12X higher than in January
EU embargo on Russian oil in December expected to only make things worse. In general, "fuel tan ...
Oilprice.com
2022-08-10 18:09:20
American received a 787-8 today marking Boeing's first 787 delivery since 2021
This is the first delivery since they were halted in May 2021 by the FAA due to manufacturing proble ...
American Airlines Newsroom
2022-08-10 13:40:33
OPEC+ still pumping 2.75 million barrels below target
This is despite raising its quota 500,000 barrels per day in July. Nigeria was a major laggard despi ...
Oilprice.com
2022-08-10 13:10:54
EIA Weekly Report: Large build in crude and large draw in gasoline
Crude oil inventories added 5.5 million barrels in the week to August 5. "Gasoline inventories ...
Oilprice.com
2022-08-10 10:50:35
US consumer prices mostly down MoM, better than expected and boosting stock market
MoM energy prices fell 4.6% and gasoline fell 7.7%. Also dropping were used cars, apparel, transpor ...
CNBC
2022-08-10 10:19:20
Food, energy, and rent increases in UK leave population struggling
Household energy prices expected to top over £4,200 ($5,088) per year from January. Rent prices are ...
CNBC
2022-08-10 06:28:05
Musk quickly sheds gobs of Tesla stock he says to avoid quickly shedding gobs on Twitter close
Musk sold $6.9 billion of Tesla stock between August 5 and 9. He said the sale was necessary to avo ...
Reuters
2022-08-10 06:04:58
Singaporean condo sales rise for 24th straight month but transactions fall YoY
Condo resale prices rose in July MoM to 1.2 %. "Resale transactions declined by 30.7 per cent c ...
The Straits Times
2022-08-10 05:57:37
Traders selling European gas oil and buying U.S. diesel may imply European recession ahead
Over the last 6 weeks traders have sold 20 million barrels of European gas oil futures. Over the la ...
Oilprice.com
2022-08-09 20:46:21
Second straight week of surprise crude builds in API data
"The American Petroleum Institute (API) reported a surprise build this week for crude oil of 2. ...
Oilprice.com
2022-08-09 19:38:11
German regulator in charge of rationing gas receiving scores of exemption requests
Germany in phase 2 of 3-stage emergency plan. In stage 3, rationing kicks in. Those requesting exemp ...
Reuters
2022-08-09 16:06:54
Boeing delivered 26 planes in July - a 5-month low
That is about half of the 51 deliveries made in the previous month. The CFO cited supply chains, de ...
CNBC
2022-08-09 13:39:42
Ford raising EV Pickup prices significantly
"The Detroit automaker said the price increases – between $6,000 and $8,500, depending on the ...
CNBC
2022-08-09 11:36:45
Russia suspends oil exports via Ukrainian pipeline sending futures higher
"Russia suspended oil exports via the southern leg of the Druzhba pipeline from early August du ...
Reuters
2022-08-09 07:06:42
Market forecaster predicts persistent inflation in 4-6% range
This means 5% or 6% funds rate needed. He says wage inflation sticky at 5.2%. Cites used car market& ...
CNBC
2022-08-09 06:49:57
Alibaba's Hong Kong listing approved on August 8
"The move will allow Chinese investors to trade directly in the stock, and Chief Executive Dani ...
Barron's
2022-08-09 06:43:52
Analyst predicts tight oil markets after November will raise crude to $120
The Nov. 1 end of SPR releases, the EU's Russian crude embargo on Dec. 1, and reduced covid res ...
Oilprice.com
2022-08-08 17:47:54
FAA expects Boeing 787 deliveries to resume in days
"Boeing has presented to the FAA for approval the first of about 120 787s awaiting delivery. .. ...
Reuters
2022-08-08 16:01:29
Nvidia significantly lowers guidance for Q2
The company warned of a 19% drop from the previous quarter. The company blamed the drop on the gami ...
Reuters
2022-08-08 12:46:08
Softbank posts record $23 billion loss - exits Uber
Softbank cutting jobs and investments. "The Vision Fund arm approved just $600 million in new i ...
Reuters
2022-08-08 12:41:32
Cash withdrawals in UK hit a record in July
"Britain’s Post Office, which offers banking services as well as mail, handled a record £801 ...
CNBC
2022-08-08 07:42:09
World markets up, dollar down, oil recovering - US premarket up, oil down
The MSCI world equity index up 0.2% this morning. The US dollar down 0.3% against basket of currenci ...
Reuters
2022-08-08 07:35:19
China's pet economy growing at 18% and spurring IPOs
"Chinese pet-care and pet-food companies are turning to the stock market for fresh capital to e ...
South China Morning Post
2022-08-07 21:06:25