Wednesday , 17 December 2025

Recent Posts

Nike’s race higher hits stumbling block after earnings

Bloomberg After hitting a record high, Nike Inc. is finding it harder to keep investors happy. Even though the company posted quarterly results that sailed past Wall Street estimates, the shares dipped, suggesting some investors were looking for an even bigger upside surprise. Fiscal second-quarter profit rose to 70 cents a share, Nike said, beating 58-cent average of analysts’ estimates. …

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Kuwait, Saudi to reach pact over neutral-zone oil soon

Bloomberg Kuwait and Saudi Arabia could reach an agreement by the end of this year to renew oil output in the shared neutral zone along their border, Kuwaiti Oil Minister Khaled Al-Fadhel said. The neutral zone, which has been shuttered for at least four years, can produce as much as 500,000 barrels a day. The zone’s Wafra and Khafji fields …

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China to lower financing costs for private firms

Bloomberg China is taking a major step to open up sectors ranging from oil and gas to telecommunications and railways, easing market regulations and lowering financing costs for private companies. The government will offer more tax breaks and broaden incentives to more firms, according to a government statement published by the official Xinhua News Agency, which didn’t specify the industries. …

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