Streetbeat News

Revenues

BP

COP

IEO

WEEI

ConocoPhillips (NYSE:COP) has been granted the right by a Trinidad and Tobago court to enforce a $1.33 billion claim against Venezuela for past expropriations. This decision allows ConocoPhillips to seize compensation from joint gas projects with Trinidad. The company has been pursuing enforcement in various courts after winning arbitration awards against Venezuela and its state oil company PDVSA. PDVSA had paid around $700 million but stopped payments in late 2019. ConocoPhillips is also involved in a Delaware case to auction shares in Citgo Petroleum’s parent firm to pay creditors. Additionally, BP p.l.c. (NYSE:BP) and Trinidad’s NGC received a two-year license from the U.S. Treasury to negotiate and develop gas fields with Venezuela.

Portfolio Pulse from Lekha Gupta

May 31, 2024 | 10:10 am

VGK

The Eurozone Consumer Price Index (CPI) for the month-over-month (MoM) preliminary data shows a 0.2% increase, down from the previous 0.6%.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 9:03 am

VGK

The Eurozone Consumer Price Index (CPI) for May has been reported at 2.6% year-over-year, slightly above the estimated 2.5% and the prior 2.4%.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 9:03 am

MA

Mastercard has launched the International Consumer Friendly Zones Program in Shanghai, in collaboration with Ant Group and 12 overseas payment partners of Alipay+. The initiative aims to enhance the travel experience for global travelers and stimulate growth for local businesses in China. The program will support iconic travel spots, commercial areas, airports, and taxis in Shanghai, with plans to expand to 16 major Chinese cities following launches in Beijing, Guangzhou, and Shanghai.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:54 am

STM

STMicroelectronics (STM) has announced the establishment of the world's first fully integrated silicon carbide (SiC) facility in Catania, Italy. This new high-volume 200mm SiC manufacturing facility will focus on power devices and modules, including test and packaging. The project involves a multi-year investment of 5 billion euros, with 2 billion euros in support from the State of Italy under the EU Chips Act. The facility aims to support automotive and industrial customers in their transition to electrification and higher energy efficiency.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:23 am

NYXH

Nyxoah has completed a $50M offering and subsequent sale of additional shares, raising a total of $52.5M. The funds will be used for pre-commercialization and commercialization activities in the US, clinical research, R&D for the Genio system, and other corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:15 am

EWQ

France's Gross Domestic Product (GDP) for Q1 grew by 0.2% quarter-over-quarter, matching the estimated growth and improving from the prior quarter's 0.1% growth.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:01 am

EWQ

France's Gross Domestic Product (GDP) grew by 1.1% year-over-year, matching the estimated growth rate and showing an improvement from the previous 0.7% growth rate.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:00 am

EWQ

France's consumer spending for April decreased by 0.8% month-over-month, missing the estimated increase of 0.2% and down from the revised prior figure of 0.5%.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:58 am

AMZN

CRM

META

MSFT

France is making significant strides in AI, supported by major U.S. tech companies like Amazon, Salesforce, and Microsoft. At the Viva Technology conference, French AI firm H raised $220 million in seed funding from investors including Amazon and Eric Schmidt. France aims to become a global AI leader, despite regulatory challenges and competition from the U.K.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 6:55 am