The world's largest diamond producer, De Beers sold $650 million worth of rough diamonds in January, up 18 percent from January 2020 and 44 percent more than in the last December trading cycle last year. De Beers conducts ten diamond sales in a year, known as trading cycles, each usually lasting...

Investors are keeping close watch to see if the spending that were stalled have resumed or not. Investors eyes earnings of Microsoft Corporation to detect signs of the latter is still receiving big corporate investors’ support for cloud computing, as smaller businesses show recovery signs sign...

Johnson & Johnson’s 2021 profit forecast goes way higher than “Wall Street estimates”. Johnson & Johnson is eager to report about its “COVID-19 vaccine”. Moreover, the company is confident that the upcoming vaccine will “meet the delivery target” for countries with which it has entered into...

The sales of United States based semiconductor and chop maker Qualcomm Inc have been hampered by semiconductor supply constraints - which has in fact roiled the global industry, resulting the shares of the company dropping by 7.6 per cent in after-hours trading.   The global shortage of...

The Covid-19 pandemic has prompted consumers to shop more form online sources which has benefitted the e-commerce firm eBay Inc as the company beat estimates of analysts for its sale revenues as well as profit for the holiday quarter. Announcing the results for its latest completed quarter, the...

China's Alibaba Group presented its financial statements for the third quarter of the fiscal year 2020, which ended in December. The company's revenue in the period rose 37 percent to 221.1 billion yuan ($33.9 billion), which was significantly above the expectations of analysts surveyed by...

With the Covid-19 pandemic drastically bringing down global energy prices, a historic annual loss for 2020 was reported by Exxon Mobil Corp which brought down the market value of the shale gas properties of the company was slashed by more than $20 billion.   A reduction of almost one third...

The founder and CEO of Amazon.com Jeff Bezos will step down from his post and become executive chairman.   He will be succeeded by the chief of the company’s lucrative cloud computing business which signals the shift of the company to becoming an internet conglomerate from a web based...

US oil and gas corporation ExxonMobil presented its results for the fourth quarter of 2020 and the whole year of 2020. The company posted a quarterly loss of $20bn, compared with a profit of $5.7bn a year earlier. ExxonMobil posted a loss of $22.4bn for the full year 2020 and recorded a profit of...