On Thursday, Shares of Metlife Inc (NYSE:MET), lost - 0.65% to $50.75.
Steven A. Kandarian, chairman, president and CEO of MetLife, Inc. (MET), issued the following statement recently on the Trans-Pacific Partnership (TPP), a free trade agreement among 12 nations of the Pacific Rim.
“After analyzing the text of the TPP, MetLife will support the agreement and seek congressional support for its ratification.
“As one of the largest life insurers in the world with operations in nearly 50 countries, MetLife has four key priorities in assessing any trade deal: improved market access, a level competitive playing field, ease of cross-border data flows, and regulatory transparency. The TPP makes meaningful progress on all of them.
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.
Shares of Paypal Holdings Inc (NASDAQ:PYPL), declined -0.08% to $36.19, during its last trading session.
PayPal and Ipsos released their second global cross-border commerce report. The research, which investigated the online and cross-border shopping habits of more than 23,200 consumers in 29 countries, reveals new opportunities for merchants to expand their international sales.
China Sees Big Jump in Global Buying
Amidst a year of market-moving news coming out of China, no shortage of attention has been paid to its growing consumer class’ buying power as more enter the global online ecommerce market. This year’s findings support the growth trend: 35 percent of online shoppers claim to have shopped cross-border in 2015, vs. 26 percent in 2014.
China’s overall online shopping population saw modest growth (81 percent of online adults report having shopped online in the last 12 months in 2015, vs. 80 percent in 2014)
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, in addition to at offline retail locations through a range of payment solutions across company’s payments platform, counting PayPal, PayPal Credit, Venmo, and Braintree products.
Finally, Shares of Suncor Energy Inc. (USA) (NYSE:SU), ended its last trade with - 0.78% loss, and closed at $27.91.
Suncor Energy released its 2016 corporate guidance, which comprises a flexible capital spending program of between $6.7 billion and $7.3 billion and average production of 525,000 to 565,000 barrels of oil equivalent per day.
The guidance comprises projected Suncor oil sands cash operating costs per barrel (not taking into account Syncrude) of $27.00 to $30.00, ongoing a multi-year trend that has seen Suncor reduce its oil sands cash costs by over 25 per cent since 2011.
“Our oil sands production is predictable to be slightly reduced in 2016, as compared to 2015 as a result of noteworthy planned maintenance activities planned at various facilities, counting our first five year full turnaround at the U2 upgrader and major maintenance at Firebag,” said Steve Williams, Suncor president and chief executive officer. “We remain focused on achieving further reliability improvements across our operations. And, we’ll continue to build upon the momentum gained in 2015 in reducing cash costs per barrel at our oil sands operations.”
About 55 per cent of the 2016 capital spending program has been allocated towards growth projects, the vast majority of which are in the Upstream segment. About 45 per cent of Suncor’s 2016 capital spend is predictable to be directed towards sustaining capital investments that support safe, reliable and efficient operations.
Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; and markets third party petroleum products.