Finance Update

Albemarle Corp posted higher than expected 4th quarter profit

Albemarle bullish on lithium outlook after fourth quarter profit (Reuters) – Albemarle Corp, the world’s largest lithium producer, posted a higher-than-expected quarterly profit on Wednesday and gave a bullish 2019 outlook, saying it sees nothing that could slow demand for the white metal used to make electric car batteries. The forecast for sales growth of […]

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Millicom buys Spain’s Telefonica for $1.65 billion

Millicom spends $1.65 billion on Telefonica Central America mobile businesses (Reuters) – Millicom International Cellular, a cable and mobile operator in Latin America and Africa, said on Wednesday it bought the mobile telecommunications assets of Spain’s Telefonica in Panama, Costa Rica and Nicaragua for $1.65 billion. Telefonica has long been rumoured to want to sell […]