Economy
ExxonMobil profits dip as it gives back almost $10 bn to investors
ExxonMobil reported a dip in third-quarter profits Friday on lower earnings from its refining business, but the results were strong enough to enable nearly $10 billion in shareholder distributions. Chevron's earnings were also dented by lower refining margins, although it also enjoyed record oil and natural gas production from the Permian Basin.
Zenith, Access, UBA, others sell dollar at new rate as gap between official, black markets closes
The Nigerian currency, the naira, again depreciated in the official and parallel foreign exchange windows on Thursday, October 31, 2024, after a brief rise.
French brushmakers stage 'comeback' with pivot to luxury market
French brushmakers are shifting to luxury and niche markets to survive rising costs and redundancy, as they see their craft -— handed down through the generations -— threatened with extinction. But one French brushmaker says its shift towards luxury markets has brought it back from the brink.
Indonesia adds Google Pixel phones to ban list with iPhone 16
Indonesia has banned the sale of Google Pixel phones over the tech giant's failure to meet investment regulations, its industry ministry said, days after blocking sales of Apple's iPhone 16. Around 22,000 Google Pixel phones had entered Indonesia this year, according to industry ministry data.
US election race awaits employment data
The United States unveils its monthly employment figures Friday –- a final major economic snapshot at the end of a razor-edge presidential election campaign in which cost-of-living issues have dominated voter concerns. Helene was the second-most deadly hurricane to hit the continental United States in more than 50 years, after Katrina.
Asian stocks mostly fall, tracking global slide
Asian markets mostly fell Friday, tracking a global slide in stocks fuelled by tame tech earnings and investor jitters less than a week before neck-and-neck US elections. "Markets have already priced in some risks of a second Trump presidency as they await the US presidential election," Lloyd Chan, an analyst at MUFG Global Markets Research, said in a note.
In US swing state Pennsylvania, inflation means 'rent or eating'
In Pennsylvania, the biggest swing state prize in the US presidential election, renters -- whether still working or retired -- are struggling. According to the latest data from the Housing Alliance of Pennsylvania, some 16 percent of renters in Dauphin county are facing the threat of eviction.
Boeing again raises offer to end strike, union to vote Monday
US aviation giant Boeing has once again improved the conditions in its contract offer to thousands of striking workers, hoping to put an end to a painful strike that has paralyzed its two main factories for seven weeks.
Apple narrowly beats estimates with boost from iPhone sales
Apple reported revenues Thursday that narrowly surpassed analyst expectations, sending shares lower in after-hours trading even as the company enjoyed a boost from iPhone sales. This sent shares of Apple, the world's most valuable traded company, down two percent in extended trading after the results were posted.
Economy
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