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Brexit risks at $700-mln shock to energy bills, says Amber Rudd
Brexit is expected to impact Britain's economy in a more negative way. If UK gets out of European Union (EU), it would generate $700 million (GBP 500million) gas and power bills additionally per annum. Energy Secretary Amber Rudd has cautioned that Britain's energy security at risk in the wake of Brexit.
PetrChina To Cut Production Following 67% Decrease In Profit Earnings During 2015
PetroChina has announced its earnings, forecasts and future planning for cutting down production on Wednesday in Hong Kong. Around 67% decrease in net profit and 12-year low oil price has apparently prompted the oil and gas company to reduce output by 2.7%.
Investors Pay More Attention to Overall Financial Plan During Tax Season, Study Says
A recent Charles Schwab study revealed that almost half of U.S. investors are addressing their overall financial plan on the tax season. Tax preparation is also associated with more confidence while doing their tax. However, the study also unveiled a room for improvement for investors’ approach to planning their taxes.
Mitsui Forecasts ¥64 Earnings Per Share Despite Possibility For Incurring Net Annual Loss
Markets of iron ore and gas have been hit hard due to over supply and decreasing demand and Japanese trading house Mitsui & Co. also follow trait. The Japanese trading house is going to embrace loss for the first time since its establishment in current form in 1947.