Equinor, the Norwegian energy major, announced on Monday that it has made a commercially viable gas discovery near the Gina Krog field in the North Sea. Although the discovery is relatively small, with estimated recoverable volumes ranging from 5 million to 16 million barrels of oil equivalent, gas production is expected to commence as early as the fourth quarter of … [Read more...] about Equinor Makes Commercially Viable Gas Discovery in the North Sea
Forex News
BioNTech Surprises with Strong Earnings in Q3
BioNTech, the German pharmaceutical company known for its collaboration with Pfizer on the development of a Covid-19 vaccine, has surpassed market expectations with its third-quarter earnings. Despite analysts anticipating a loss, BioNTech reported earnings per share of 0.67 euros (72 cents). While the figures were lower compared to the previous year, the company's revenue also … [Read more...] about BioNTech Surprises with Strong Earnings in Q3
Beyond Inc. CEO Jonathan Johnson Steps Down
The CEO and board member of Beyond Inc., Jonathan Johnson, has announced his resignation, as stated by former parent company Overstock.com Inc. The decision for Johnson's departure was reached by mutual agreement between him and the board, with the aim of transitioning the company to new leadership. Interim CEO Appointed In light of Jonathan Johnson's resignation, David … [Read more...] about Beyond Inc. CEO Jonathan Johnson Steps Down
Greenlight Capital Urges Vitesco Technologies Group for Better Takeover Bid
By Giulia Petroni Greenlight Capital, a minority shareholder of Vitesco Technologies Group, is urging the auto supplier to push for an improved takeover bid by Schaeffler or consider alternative options. In a statement released on Monday, Greenlight Capital called on Vitesco to disclose its fair value assessment and compare it to Schaeffler's proposed offer of €91 ($97.6) per … [Read more...] about Greenlight Capital Urges Vitesco Technologies Group for Better Takeover Bid
Systemic Risk Concerns for Hedge Funds
Federal regulators are expressing growing concerns about certain hedge funds that may be jeopardizing the stability of the economy. In an effort to address this issue, the Financial Stability Oversight Council (FSOC) has recently implemented changes that will facilitate the designation of hedge funds, private-equity firms, and other nonbank financial institutions as … [Read more...] about Systemic Risk Concerns for Hedge Funds
