MONTREAL: National Bank of Canada, one of the country’s largest banks, has reported a 5% decrease in net income for the second quarter of 2023, compared to the same period last year. The bank’s net income for the quarter stood at $847 million, or $2.38 per diluted share, down from $889 million, or $2.53 per…
TotalEnergies signs production sharing contract for the Agua Marinha offshore block
PARIS, FRANCE: TotalEnergies and its co-venturers Petrobras, QatarEnergy and PETRONAS Petróleo Brasil Ltda (PPBL) have signed on 31 May 2023 the Production Sharing Contract (PSC) for the Agua Marinha block, which was awarded in the Open Acreage under Production Sharing Regime – 1st Cycle held by Brazil’s National Petroleum Agency (ANP) in December 2022. Agua…
Kerry Group acquires Colombian natural functional systems company Proexcar
LONDON, UK: Kerry Group plc, the global taste & nutrition company, has acquired 100% of the share capital of Proexcar S.A.S. for an initial consideration of US$44 million subject to routine closing adjustments, with a potential additional payment of up to US$18 million payable in 2025 based on achieving earn-out conditions. Proexcar is a Colombian…
Gold prices today – May 31, 2023
The price of gold closed at $1,958.3 per ounce on May 31, 2023, down 0.2% from the previous day. Here are some of the factors that are expected to impact the gold market in the coming months: It is difficult to predict how the gold market will perform in the coming months. However, the factors…
Exchange rates for GBP against major currencies on May 31, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1639 Pounds to Euros GBP-USD 1.2425 Pounds to Dollars GBP-NZD 2.067 Pounds to New Zealand Dollars GBP-AUD 1.9131 Pounds to Australian…
Huawei Mate X3: Everything you need to know
The Huawei Mate X3 is a high-end foldable smartphone that was released in 2023. It has a sleek and stylish design, with a large, foldable display that is perfect for watching videos, playing games, or working on projects. The Mate X3 is also powered by a powerful processor and has a long-lasting battery, making it…
Asda to buy EG Group’s UK and Ireland operations for £2.27bn
Asda, the British supermarket chain, has agreed to buy the majority of EG Group’s UK and Ireland operations for £2.27bn, including debt. EG Group is a forecourt and convenience retailer that owns more than 350 petrol stations and over 1,000 food-to-go outlets in the two markets. It also operates in the US, Australia and several…
Carnival UK announces new leadership structure
LONDON, UK: Carnival Corporation & plc, the world’s largest cruise company, has announced a new leadership structure for its UK operations, which include P&O Cruises and Cunard. Paul Ludlow, who has been leading P&O Cruises since 2017, will take on the additional role of Carnival UK president, overseeing both brands globally. He will also welcome…
Biologics Manufacturing Trends: Insights from Leading CDMOs
Biologics, a class of pharmaceutical products derived from living organisms, have revolutionized the field of medicine, offering highly targeted and effective treatments for a wide range of diseases. As the demand for biologics continues to grow, so does the need for efficient and reliable biologics manufacturing. Contract Development and Manufacturing Organizations (CDMOs) play a crucial…
Lifecare launches new company to help diabetic pets with its glucose sensor
OSLO, NORWAY: Lifecare, a company that is developing a long-lasting glucose sensor for people with diabetes, is launching a new subsidiary called Lifecare Veterinary. The new company will use the same sensor technology to help animals suffering from diabetes. The sensor, which is the size of a grain of rice, will be implanted in the…
Exchange rates for GBP against major currencies on May 30, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1538 Pounds to Euros GBP-USD 1.2339 Pounds to Dollars GBP-NZD 2.0468 Pounds to New Zealand Dollars GBP-AUD 1.893 Pounds to Australian…
Hochschild Mining announces CEO transition and reiterates guidance
LONDON, UK: Hochschild Mining PLC, a leading precious metals producer in the Americas, has announced that its Chief Executive Officer Ignacio Bustamante will step down on 26 August 2023 to take up a new role at another company. He will be succeeded by Eduardo Landin, the current Chief Operating Officer, who will also join the…