Friday, February 4, 2022

Financial Post

Financial Post


Zimbabwe eases forex tax rules to shore up local currency

Posted: 04 Feb 2022 03:54 AM PST

HARARE -- Zimbabwe has reduced the portion of taxes payable in foreign currency, Finance Minister Mthuli Ncube said on Friday, as the country tries to reduce U.S dollar demand and stop the rapid devaluation of the local currency. Read More

Retail investors buy after historic plunge in Facebook-owner Meta’s shares

Posted: 04 Feb 2022 03:50 AM PST

U.S. retail investors bought $231 million worth of Facebook-parent Meta Platforms Inc's shares following a record plunge in the social media company's stock on Thursday, according to Vanda Research. Read More

Brookfield Renewable Announces Record Results and 5% Distribution Increase

Posted: 04 Feb 2022 03:50 AM PST

All amounts in U.S. dollars unless otherwise indicated Read More

European Union to toughen emissions test for hybrid cars -sources

Posted: 04 Feb 2022 03:49 AM PST

BERLIN -- The European Union plans to toughen its method for measuring carbon dioxide emissions from plug-in hybrid cars, two sources familiar with the matter said, after criticism that current tests yield results up to four times below real-world emissions. Read More

Rouble gains 1%, Rosneft shares jump after Russia signs gas deal with China

Posted: 04 Feb 2022 03:49 AM PST

MOSCOW -- The rouble firmed around 1% on Friday and energy stocks jumped after Russian President Vladimir Putin unveiled a new gas deal with China at a meeting with Chinese leader Xi Jinping. Read More

Brookfield Business Partners Reports 2021 Year End Results

Posted: 04 Feb 2022 03:45 AM PST

BROOKFIELD, NEWS, Feb. 04, 2022 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) ("Brookfield Business Partners") announced today financial results for the year ended December 31, 2021. Read More

EDF Energy to raise energy bills by 54% after UK price cap decision

Posted: 04 Feb 2022 03:42 AM PST

British energy supplier EDF Energy, owned by France's EDF, is increasing prices for its standard variable tariff customers by 54% from April 1, in line with a rise on Britain's price cap system, it said on Friday. Read More

Shell makes ‘encouraging’ oil discovery offshore Namibia

Posted: 04 Feb 2022 03:38 AM PST

LONDON -- Shell and its partners have made what the oil major described as an "encouraging" discovery in a closely-watched exploration well off the coast of Namibia, which could spark a wave of investment in the south African country. Read More

Oil hits seven-year highs as U.S. storm heightens supply concerns

Posted: 04 Feb 2022 03:33 AM PST

London -- Oil prices reached seven-year highs on Friday as geopolitical tensions and a winter storm in the United States fueled concerns over supply disruptions. Read More

Asia Gold-Lunar New Year holidays halt demand, India resumes purchases

Posted: 04 Feb 2022 03:33 AM PST

Top Asian hubs saw muted demand for physical gold this week in the wake of Lunar New Year holidays, while demand slightly improved in major consumer India as jewelers raised purchases for the wedding season. Read More

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