Tag Archives: billions

Exclusive: China opens its borders to billions of dollars of gold imports – sources – Yahoo Finance

Bloomberg As Sanjeev Gupta Rose From Trader to Tycoon, Several Banks Backed Away (Bloomberg) — British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group.Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they… Source link

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Building a search engine to rival Google could cost billions — and that’s not the only problem

The servers for the Gigablast website occupy a windowless brick building on Bogan Avenue in Albuquerque, New Mexico, just off the interstate and near pawn shops and discount tyre dealers. “It’s Bogan Avenue. You’re Australian, you’ll get the joke,” said Matt Wells, founder and sole employee of the search engine Gigablast is now mostly forgotten, but there was once a time, around the turn of the millennium, when it could be mentioned in the same breath as another option: Google. A Google Street… Source link

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Oil giants lost billions as pandemic crushed demand for fuel

NEW YORK — Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world. Exxon lost $1.1 billion in the second quarter, and the Irving, Texas-based oil producer brought in $32.6 billion in revenue, less than half of what it brought in at the same time last year. Chevron Corp. lost $8.27 billion during the quarter, a sharp contrast to the… Source link

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