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Picasso oil painting sells for over $100 mln at New York auction

Picasso oil painting sells for over $100 mln at New York auction

An oil painting by Pablo Picasso sold for $103.4 million at a Christie’s auction in New York, smashing its presale estimate of $55 million.The portrait of Picasso’s French lover Marie-Therese, “Femme assise près d’une fenêtre (Marie-Thérèse)”, or ‘Woman sitting near a window,’ led the ’20th Century Evening Sale’ on Thursday.Keith Gill, head of the Impressionist…

China’s SMIC raises revenue expectations following strong Q1 as chip shortage boosts demand

China’s SMIC raises revenue expectations following strong Q1 as chip shortage boosts demand

China’s Semiconductor Manufacturing International Corp (SMIC) (0981.HK) said on Friday that demand for chips exceeds supply, and raised its expectations for sales for the first half of the year.”Our current capacity could not fulfill customer needs, and products in every market segment faced shortages,” Zhao Haijun, co-chief executive of SMIC, said in a company earnings…

U.S. senator floats bill to aid states hit by federal oil leasing pause

U.S. senator floats bill to aid states hit by federal oil leasing pause

© Reuters. FILE PHOTO: U.S. Sen. Martin Heinrich (D-NM) speaks during a Senate Intelligence Committee nomination hearing for Rep. John Ratcliffe (R-TX), on Capitol Hill in Washington, U.S., May 5, 2020. Andrew Harnik/Pool via REUTERS//File Photo By Valerie Volcovici WASHINGTON (Reuters) – Democratic Senator Martin Heinrich on Thursday introduced a bill that would help states…