On Friday, in the course of current trade, Shares of Alibaba Group Holding Limited (NYSE:BABA), dropped -0.34%, and is now trading at $90.64.
Yahoo Japan Corp. jumped the most in a year in Tokyo trading after the online retailer said it is considering a partnership with Alibaba Group Holding Ltd, according to Bloomberg.
The alliance would offer support and lower fees for Japanese e-commerce companies looking to list on China-based Alibaba’s Tmall and Tmall Global shopping sites, Yahoo Japan said in an e-mailed statement Friday. Bloomberg Reports.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace that focuses on global trade among businesses; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
In an opening trade, Shares of NVIDIA Corporation (NASDAQ:NVDA), gained 0.32%, and is now trading at $22.21,
On May 21, 2015, according to news first shared by the Wall Street Journal, Nvidia (NVDA) started shipping Drive PX. Drive PX is a hardware and software development kit, and it’s being shipped to leading luxury car manufacturers counting Bentley, Aston Martin, Tesla, and Rolls-Royce.
Nvidia’s development kit involves self-parking, self-driving, and sophisticated advanced driver assistance systems, or ADAS.
NVIDIA Corporation operates as a visual computing company in the United States, Taiwan, China, the rest of Asia Pacific, Europe, and other Americas. The company operates through two segments, GPU and Tegra Processors.
Shares of Nabors Industries Ltd. (NYSE:NBR), during its Friday’s current trading session gained 0.89%, and is now trading at $14.66, as oil prices rose on Friday, assisted by a drop in U.S. inventories and a weaker dollar, ahead of next week’s OPEC meeting.
The June 5 meeting of the Organization of the Petroleum Exporting Countries comes at a pivotal time for the oil market. Prices have shot up by around 40% in the past two months on expectations that U.S. oil production will slow. But the rally has sputtered recently and prices are heading for a second successive weekly loss.
While many market watchers expect OPEC will stick to its decision not to cut output, the meeting will be closely watched for clues about the organization’s next moves. WSJ Reports.
Nabors Industries Ltd., together with its auxiliaries, provides drilling and rig services. The company offers rig instrumentation, optimization software, and directional drilling services. It also provides completion, life-of-well maintenance, and plugging and abandonment of a well.
On May 26, Noble Energy, Inc. (NYSE:NBL), closed up after Israel’s anti-monopoly regulator David Gilo said on Monday that he would step down in August, a move that could potentially resolve the dispute that has stalled Noble’s investments there, Reuters stated.
Antitrust Commissioner Gilo has been pushing to open the energy sector to competition, as he caused an uproar in December when he ruled that Noble Energy and downstream energy company Delek US Holdings (DK) may constitute a monopoly over their control of gas fields Leviathan and Tamar.
His resignation follows Israeli government’s push to speed up development of the gas field at the expense of bringing in new competition, according to Reuters.
However, Noble Energy, Inc. (NYSE:NBL), lost -0.32% Friday.
Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, and production of crude oil, natural gas, and natural gas liquids worldwide.
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