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Added on the 29/01/2015 15:51:06 - Copyright : Reuters EN
Hong Kong, Sep 27 (EFE/EPA).- (Camera: Jerome Favre) The shares of the electric vehicle subsidiary of Chinese real estate giant Evergrande fell almost 26 percent at the Hong Kong Stock Exchange on Monday after it disclosed not having sufficient liquidity for pending payments and operations.China Evergrande New Energy Vehicle Group's shares experienced a sharp fall at the start of trading session, but the decline moderated to around 11.2 percent after 11 am.FOOTAGE OF THE HONG KONG STOCK EXCHANGE MARKET.
New York (USA), Jan 28 (EFE / EPA) .- (CAMERA: Alba Vigaray) The shares of GameStop, AMC and other firms that have experienced an increase in recent days fell Thursday after being banned by the main commission-free brokerage applications in the United States.
On Wednesday, Lowe's reported quarterly same-store sales growth of more than 30%. Sales for the third quarter were $22.3 billion. That's compared to $17.4 billion in the same quarter in 2019. Lowe's said their online sales doubled in the third quarter. The company's earnings of $1.98 per share were one cent short of estimates from analysts, and its shares fell. Lowe's net income fell to $692 million, or 91 cents per share, for the quarter ending October 30, 2020.
CNN reports that Royal Dutch Shell will slash as many as 9,000 jobs as the oil giant accelerates a shift away from fossil fuels. On Wednesday, the company said it would cut between 7,000 and 9,000 positions by the end of 2022. That's ten percent of its workforce. The total includes 1,500 people who have volunteered to leave the company this year. Shell expects the overhaul to deliver annual cost savings of up to $2.5 billion by 2022. Shell said the job losses are part of a restructuring, aimed at cutting costs and simplifying the company's structure as it moves into low-carbon energy.
BP reports a near halving in Q3 earnings and cuts its investment plans by another $1 billion - but beats estimates. And, as Hayley Platt reports, a strong set of numbers from Shell also came in ahead of forecasts
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