Articles written by: Michael Massai

Asian ADRs Move Lower

Asian ADRs Move Lower

American depositary receipts of Asian stocks were trading 0.74% lower at 1,388.00 on the BNY Mellon Asia 50 ADR Index on Friday. In North Asia, the gainers were led by solar equipment maker ReneSola (SOL) and online game developer The9 (NCTY), which climbed 6.6% and 5.4% respectively. They were followed by wealth management firm Puyi Inc. (PUYI) and O2Micro International […]

Oil Mostly Flat As Gulf of Mexico Production Resumes

Oil Mostly Flat As Gulf of Mexico Production Resumes

Oil prices eased early on Tuesday as Gulf of Mexico platforms idled by the approach of then-Tropical Storm Barry began resuming production. West Texas Intermediate crude for August delivery was last seen down US$0.02 to US$66,45 per barrel while front-month Brent was down US$0.03 to US$66.45. The first named storm of the season forced the suspension of more than two-thirds […]

Tesco Advises That Adoption of New Accounting Standard to Impact Earnings, Indebtedness

Tesco Advises That Adoption of New Accounting Standard to Impact Earnings, Indebtedness

British grocery chain Tesco (TSCO.L) advised that its diluted earnings per share and total indebtedness would change as a result of the adoption of a new financial reporting standard on accounting for leases during the current fiscal year. The company, which is the UK’s biggest supermarket operator by market share, said that diluted earnings per share would decrease and total […]