Business Focus Washington - Page 26 of 34 from

Saudi Arabia and Bahrain Inaugurate New Pipeline

November 27, 2018 Focus Washington

As part of efforts to enhance Saudi-Bahraini cooperation, Bahrain’s King Hamad and Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated on Monday a new pipeline, to be managed between Saudi Aramco and Bahrain’s Bapco, Arab […]

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Philip Morris International Shares Sold by Wellington Shields & Co. LLC

November 27, 2018 Focus Washington

Wellington Shields & Co. LLC cut its stake in Philip Morris International Inc. (NYSE:PM) by 47.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). […]

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Cyber Monday to Test Capabilities of Retailers’ Websites

November 26, 2018 Focus Washington

U.S. shoppers who missed out on deals this past Black Friday are expected to flock to online sites Cyber Monday, testing the limits for some retailers that have been investing heavily on their e-commerce operations […]

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Iran’s Top Airline Stays Busy Despite U.S. Sanctions

November 26, 2018 Focus Washington

On October 29, one week before the U.S. imposed sweeping economic sanctions against Iran, flag carrier Iran Air dispatched 11 international flights. Two weeks later, a U.S. ban on the airline firmly in place, it […]

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Saudi Arabia Oil Pumping at Record High

November 26, 2018 Focus Washington

Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, as President Donald Trump piled pressure on the kingdom to refrain from production cuts at an OPEC meeting […]

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ABB, Siemens’s CEOs to Attend ;In-Kingdom Total Value Add Conference; in Saudi Arabia

November 25, 2018 Focus Washington

ABB and Siemens’s CEOs are traveling to Saudi Arabia to attend a supplier conference, just weeks after they pulled out of an investment event in the country following the death of a journalist. According to […]

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Fitch Affirms Saudi Arabia at A+

November 23, 2018 Focus Washington

Fitch Ratings has affirmed the growth of the Kingdom of Saudi Arabia’s economy at ‘A+’ with a Stable Outlook. The affirmation of the ratings and Outlook were welcomed by the Saudi Ministry of Finance, Asharq […]

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Long Lines Mark Start of Thanksgiving Sales

November 23, 2018 Focus Washington

U.S. shoppers hit department stores on Thanksgiving evening and spent $1.75 billion online by 5 p.m. ET as a strong economy and rising wages drove a solid start to the holiday selling season, Reuters informed. […]

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Russia, China Looking to Ditch Dollar Trade Policy

November 23, 2018 Focus Washington

A bilateral pact is being drafted by China and Russia to boost the use of their national currencies in bilateral and international trade, underlining their intent to cut their reliance on the American dollar, The […]

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Philip Morris International Expected to Post Quarterly Sales of $7.37 Billion

November 23, 2018 Focus Washington

Brokerages expect Philip Morris International Inc. (NYSE:PM) to post $7.37 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Philip Morris International’s earnings, Fairfield Current reported. […]

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Trump Thanks Saudi Arabia for Lowering Oil Prices

November 22, 2018 Focus Washington

The swift and steep drop in oil prices has been the talk of Wall Street for several weeks and is good news for 30 million American travelers as they head into a busy Thanksgiving holiday, […]

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Stocks Getting Their Groove Back: Philip Morris International Inc. (PM), Uxin Limited (UXIN)

November 22, 2018 Focus Washington

Philip Morris International Inc. (NYSE:PM) rose 0.17% this week, a trend that has led to both investors and traders taking note of the stock. Over the past year, the equity price has embarked on a […]

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NYSE to Delist Aegean on December 3

November 22, 2018 Focus Washington

The beleaguered bunker supplier has not filed an appeal against the delisting after the New York Stock Exchange signaled its intention two weeks ago to remove Aegean stock, Bunker Spot informed. Announcing its decision, the […]

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Philip Morris International Stock Price at $85.83 to 0.39% and Company Holds 1559.75 Outstanding Shares

November 20, 2018 Focus Washington

Philip Morris International Inc. (PM) stock price traded with surging change along with the volume 6.28 million shares in Thursday trading session. Shares are trading price at $85.83 with a move of 0.39%, Top Desert […]

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Mercuria Energy Makes $681 Mln ‘Stalking Horse Bid’ for Aegean Marine

November 20, 2018 Focus Washington

Aegean Marine Petroleum Network Inc said on Tuesday it has received a $681 million “stalking horse bid” by Swiss commodities trader Mercuria Energy Group Ltd. The proposal has been filed with the U.S. bankruptcy court […]

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Oil Regains Ground After Sharp Sell-off

November 16, 2018 Focus Washington

Inventories of crude in the U.S. rose by 10.3 million barrels in the week ended November 9, the Energy Information Administration said on Thursday. However, the build was offset by draws to product stocks including […]

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Philip Morris Opens First Flagship Africa Store for Alternative Cigarettes

November 16, 2018 Focus Washington

Philip Morris International will open a flagship store in Johannesburg as it tries to stoke demand in Africa for its alternative cigarette known as iQOS, which heats rather than burns tobacco to give users their […]

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Why To Keep Buying Philip Morris International Inc. (PMI)

November 15, 2018 Focus Washington

Shares of Philip Morris International Inc. (NYSE:PM) recorded -1.77% loss during trading session on November 13th, 2018. The script traded as low as $86.31 and last traded at $86.40. 6.98 million shares changed exchanged hands […]

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Texas Permanent School Fund Decreases Holdings in Philip Morris International

November 14, 2018 Focus Washington

Texas Permanent School Fund decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange […]

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Mercuria Predicts New Wave of Consolidation in Global Oil Trading

November 14, 2018 Focus Washington

Global energy trading businesses are set for a new wave of consolidation as rising interest rates and high oil prices compress already thin profit margins, said Mercuria, one of the world’s biggest oil traders, Reuters […]

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Pentagon Soon to Finalize Largest Order to Date with Lockheed Martin for F-35 Fighter Jets

November 13, 2018 Focus Washington

The Department of Defense plans to finalize the deal an interim contract with Lockheed Martin Corp for a 12th batch of F-35 fighter jets “very shortly,” the Pentagon’s chief arms buyer Ellen Lord said. According […]

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New Developments For Philip Morris’ Domestic Division Altria In The Vaping Market

November 13, 2018 Lisa Clayton

Altria – the domestic side tobacco giant Philip Morris, the largest maker of cigarettes in the United States – has spent a great deal of time facing the long-term problem of fewer smokers each year […]

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Oil Prices Rise as Saudi Arabia Signals Production Cut

November 13, 2018 Focus Washington

Oil prices have staged a recovery, climbing above $70 a barrel after Saudi Arabia said the world’s major crude producers agreed that supply needed to be cut significantly next year, Guardian informed. Speaking at a […]

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Saudi Aramco IPO Will ‘Certainly’ Happen, CEO Says

November 12, 2018 Focus Washington

Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will “certainly” happen when the conditions are right, Reuters informed. Saudi Aramco said it is still in discussions to […]

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Russia Emerges as Winner from Iranian Oil Sanctions

November 9, 2018 Focus Washington

An early winner from the latest round of Iranian sanctions is emerging: Russia, the Wall Street Journal reported. The U.S. began enforcing a tough new slate of economic restrictions against Iran on Monday, including a […]

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U.S. Briefly Rises to Top Global Oil Producer

November 1, 2018 Focus Washington

The United States overcame Russia in August to claim the title of world’s top oil producer, with the largest year-on-year output increase in its history, Reuters reported. U.S. output climbed to a record 11.346 million […]

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U.S-India Trade Relations to Be Affected by Harley-Davidson Sales

November 1, 2018 Focus Washington

The United States and India have been locked in a complicated trade game for some time now, with the two countries imposing tariffs on each other’s products. In the latest development, India is to decide […]

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Justice Department Sued by American Company that Wants to Broadcast Russian Radio Program

October 29, 2018 Focus Washington

A U.S. broadcasting company based in Florida is suing the Department of Justice for requiring that the media company register as a foreign agent under the Foreign Agents Registration Act (FARA), according to Newsweek. RM […]

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U.S. to Be Possible High-Tech Business Partner of Russia

October 25, 2018 Focus Washington

Russian businessmen are ready for wide-scale cooperation with U.S. colleagues, including the high technology sector, Russian Deputy Foreign Minister Sergey Ryabkov said in a late-night political show on Channel One TV on Wednesday. “I want […]

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U.S. and Russia Can Establish High-level Regional Business

October 24, 2018 Focus Washington

The Governor of the U.S. state of Utah Gary Herbert has voiced his support for the concept of establishing a high-level regional business commission between Russia and the U.S., Russia’s ambassador to Washington Anatoly Antonov […]

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