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China slashes coal import tariffs to zero

  Bloomberg China will cut import tariffs for coal to zero from May to the end of March to help guarantee energy supplies, the Ministry of Finance said in a statement. Current tariffs range from 3% to 6% depending on the type of coal, the ministry said in a statement and posted to its website. China’s coal imports are down ...

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Chevron reaps biggest profit in almost 10 years

  Bloomberg Chevron Corp posted the highest quarterly earnings in almost a decade as soaring energy demand and Russia’s war on Ukraine strained global supplies, ratcheting up prices for everything from natural gas to diesel. Net income adjusted for one-time items was $6.5 billion, the highest since the second quarter of 2012, while free cash flow touched a level not ...

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Apple earnings a big step back for transparency

It’s been more than two years since Apple Inc issued revenue guidance. The iPhone maker initially blamed the Covid-19 pandemic, and later added chip shortages, for its inability to forecast the future. Yet the move is part of a worrying trend toward decreasing transparency at the world’s largest company. On January 28, 2020, just as lockdown measures were shutting parts ...

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