By 2030 China National Petroleum Corporation (CNPC) will invest more than ¥50 billion (about $7.26 billion) in the construction of 23 new and expansion of 10 existing gas storage facilities, the China Daily reported. Total capacity of the facilities planned for construction will exceed 15 billion cubic meters. The corporation will also build 11 regional gas storage facilities in China for...

There has been good news regarding the International Business Machines Corporation, which had previously experienced financial difficulties. Apparently, soon the company may be called a dividend aristocrat. According to Bloomberg forecasts, the company will be able to enter the list of so-called dividend aristocrats, which include companies that have been increasing their payments for 25...

Virgin Galactic of the British entrepreneur Richard Branson, engaged in tourist suborbital space flights and launching artificial satellites, intends to become public. As it became known from The Wall Street Journal sources, the specialized company for targeted mergers and acquisitions (SPAC) Social Capital Hedosophia Holdings, which is listed on the New York Stock Exchange (NYSE), intends to...

German chemical concern BASF reported on the prospects for a noticeable deterioration in profits against the background of a slowdown in the global economy, as well as plans for a large-scale downsizing. In a press release, BASF noted that the company had to revise previous estimates for Q2 2019. A deterioration in industrial production in many countries, as well as the continuing trade conflict...

Amount of the fine, imposed on a British airline, exceeds £183 million. British Airways is accused of weak security measures, which led to the leakage of data of 500 thousand customers. British airline British Airways (BA) faces a fine of £183.39 million (€205 million) due to a scandal around customers data leak. This follows from the statement of the British Information Commissioner’s Office...

Broadcom processor manufacturer is interested in buying cybersecurity software developer Symantec, reports Bloomberg, citing sources familiar with the negotiations. According to the publication’s informants, the deal has already been concluded, but will be officially announced later. The cost of the transaction is more than $ 15 billion, which is $ 6 billion less than the price of Symantec two...

Shares of China Tobacco International, a subsidiary of the largest cigarette maker in the world, has risen by almost 500% in three weeks of trading on the Hong Kong Stock Exchange. Experts call this absurdity and consider the behavior of investors irrational. Shares of China Tobacco International went up by 44% to close the previous day of trading on the Hong Kong Stock Exchange on Wednesday...

Deutsche Bank, Germany’s largest bank is going to restructure due to the crisis, which could result in a loss of €5 billion, The Financial Times reported, citing its own sources. "Reduction of the investment banking division of Deutsche Bank will lead to the fact that the largest creditor of Germany this year will suffer losses equal to €5 billion," the newspaper writes. The bank’s Chief...

There are only two weeks before the start of the reporting season for the second quarter, and Wall Street is expected to reduce its total earnings per share by 1% year-on-year. “If the predictions come true, this will be the first annual EPS decline since 2016,” said David Kostin, Goldman Sachs chief investment strategist in the United States. Such news should not be a surprise for market...