Stock market news

Canon

Canon has filed for voluntary delisting from the NYSE. However, the company will remain public and remain listed on stock exchanges such as the Tokyo Stock Exchange, the Nagoya Stock Exchange, the Fukuoka Stock Exchange and the Sapporo Stock Exchange. Canon will cease trading on the New York Stock Exchange on March 6.

Netflix

Netflix is preparing to open an office in Vietnam after several years of negotiations with the authorities and the completion of a risk assessment, sources told Reuters. Office may open as early as the end of 2023, but it is possible that it will take longer to obtain a license. Since January this year, Vietnam has required video-on-demand service providers...

Gazprom

Kazakhstan's national gas company Qazaq Gaz suggested that Gazprom consider the possibility of creating a new gas transit pipeline along the route from Russia to China, which could also be used in the gasification of the east of the country. Gasification of the north and east of Kazakhstan with its own gas resources in the short term is not possible, so it i...

LUKOIL

Lukoil Neftohim Burgas refinery in Bulgaria will start refining non-Russian oil in March, the press service of the head of the Bulgarian technical government Gylib Donev said after a meeting with representatives of Lukoil's management. On the part of Lukoil, guarantees were given to ensure domestic fuel consumption in Bulgaria, as well as commitments were ma...

Boeing

Boeing has notified the FAA to suspend shipments of the 787 Dreamliner for additional fuselage analysis. Company does not anticipate the need for significant modifications to the airliner, so it will not interrupt its production. Deliveries of the Boeing 787 Dreamliner have been suspended for most of the past two years, with another resumption in August 2022...

Gazprom

Greek Copelouzos Group has become the sole owner of the Prometheus Gas trader, having bought 50 percent from Gazprom Export. Prometheus Gas promotes the sale of Russian gas in Greece and is engaged in the development of gas infrastructure in the country. Its annual sales volume is 1 billion cubic meters. Company has a long-term contract with Gazprom until 20...

Warner Bros.Discovery

Warner Bros.Discovery's GAAP loss for 2022 was $7.297 billion, against a profit of $1.197 billion in the previous year. Revenue increased 2.8 times to $33.817 billion from $12.191 billion a year earlier.

Beyond Meat

Beyond Meat's GAAP loss for 2022 was $366.14 million, doubling from $182.11 million in previous year. Revenue fell 9.8% to $418.93 million from $464.7 million a year earlier.

Gazprom Neft

Russian President Vladimir Putin signed a law on a refundable tax deduction for Gazprom Neft. Document provides a tax deduction for MET in the amount of ₽1.111 billion per month in the period from April 1, 2023 to March 31, 2029 within the limits of the costs of construction of transport infrastructure for the fields in Yamal. Entire amount of the deduction...

Block

Block's GAAP loss for 2022 was $553 million, compared to a profit of $158.83 million in previous year. Revenue declined 0.7% to $17.532 billion from $17.661 billion a year earlier.