Category Archives: company

Oil Slides as Futures Curve Signals Easing Demand

Brent crude oil is down 2.5% at $68.99 a barrel and WTI futures are down 2.6% at $66.49 a barrel as concerns over the impact of the Delta variant of the coronavirus on oil demand continue to intensify. The premium Brent contracts for future months have compared with nearer months is becoming less pronounced, signaling […]

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China Huawei Reports 38% Revenue Drop as U.S. Sanctions Bite

China’s Huawei Technologies Co. reported a 38% fall in quarterly revenue Friday, as the damage U.S. sanctions have done to its sales of smartphones and telecommunications equipment worsened. The drop marks the third straight decline in quarterly revenue for Huawei, the world’s largest maker of telecom equipment and formerly one of the world’s biggest smartphone […]

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Foxconn to Buy Semiconductor Manufacturing Facility

Foxconn Technology Group, the world’s biggest electronics contract manufacturer, said that it would acquire a semiconductor manufacturing facility, taking the company deeper into the chip business at a time of unprecedented global strain. Foxconn, best known as the largest assembler of Apple Inc. iPhones, said Thursday that it would buy the Taiwan-based plant, which manufactures […]

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