Saudi Aramco Keeps Dividend Even as Oil Crisis Hits Profit

May.12 — Saudi Aramco, the kingdom’s state-controlled oil giant, retained its massive dividend despite a 25% plunge in profit, and signaled it would keep spending in check as it braces for deeper damage from the oil crisis. Annmarie Hordern reports on “Bloomberg Surveillance.” Bloomberg YouTube Channel Saudi Aramco would be paying dividends totalling USD $75 … Read more Saudi Aramco Keeps Dividend Even as Oil Crisis Hits Profit

Disney Takes $1.4 Billion Coronavirus Hit, With Worse to Come

Walt Disney Co. investors got a taste of just how bad the coronavirus pandemic will be for the world’s largest entertainment company. The crisis cost Disney as much as $1.4 billion in lost profit last quarter, the company said Tuesday, with $1 billion coming from shuttered theme parks alone, and nearly every part of its … Read more Disney Takes $1.4 Billion Coronavirus Hit, With Worse to Come

What Are `GRANOLAS’ and Why Does Goldman Sachs Like Them?

GRANOLAS according to Goldman Sachs, are the top companies to invest in right now. This Bloomberg video introduces the concept. May.01 — In Europe, top companies for the next market cycle are firms with strong balance sheets, low volatility growth and good dividend yields, according to strategists at Goldman Sachs Group Inc. Dubbed GRANOLAS, these … Read more What Are `GRANOLAS’ and Why Does Goldman Sachs Like Them?

Shell cuts dividend for first time since World War II

Royal Dutch Shell cut its dividend on Thursday for the first time since World War II. The cut came after its profits were wiped out by a collapse in oil demand. #RoyalDutchShell Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow … Read more Shell cuts dividend for first time since World War II

Shell CEO on Dividend Cut, Debt, Oil Industry `Crisis’

Apr.30 — Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden discusses the company’s dividend cut, its debt outlook and the challenges facing the oil industry amid the slump triggered by the coronavirus pandemic. He speaks on “Bloomberg Markets: European Open.”

Shell Cuts Dividend for First Time Since Second World War

Apr.30 — The oil industry is facing a “crisis of uncertainty,” says Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden. “Maybe even uncertainty about the viability of some of our assets,” he said in an exclusive interview on “Bloomberg Markets: European Open.” Van Beurden spoke after Shell cut its dividend for the first … Read more Shell Cuts Dividend for First Time Since Second World War

ANZ announce slump in profits due to stockpiling $1b in cash reserves | ABC News

NAB cut its dividend 64 per cent the other day, but ANZ went one better today and cut it 100 per cent, or rather deferred it till who knows when. The bank also announced a halving of its profit because of a huge increase in the impaired loan provision. Read more here: https://www.abc.net.au/news/2020-04-30/anz-announces-51pc-profit-slump-dividend-deferral/12199970?section=business For more … Read more ANZ announce slump in profits due to stockpiling $1b in cash reserves | ABC News