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ConocoPhillips profit rises on strong crude prices
(Reuters) - U.S. oil producer ConocoPhillips reported a higher second-quarter profit on Thursday and raised its shareholder returns to $15 billion, boosted by surging energy prices after Russia's inva...
Syndicated Content Aug 04, 2022
Softbank-backed giftback company CRM&Bonus buys social selling startup Zipper
By Tatiana Bautzer SAO PAULO (Reuters) - Softbank-backed Brazilian giftback company CRM&BONUS has acquired Zipper, a platform that creates systems for social media sales, for 25 million reais ($4.7 mi...
Syndicated Content Aug 04, 2022
Bank of England raises rates by most since 1995 even as long recession looms
By William Schomberg and David Milliken LONDON, Aug 4 (Reuters) - The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way, as...
Syndicated Content Aug 04, 2022
Brazil’s Embraer sticks to 2022 forecasts as Q2 net profit falls
SAO PAULO (Reuters) - Brazilian planemaker Embraer SA on Thursday posted a second-quarter adjusted net profit down 9.6% from a year earlier, but reaffirmed all aspects of its financial and delivery ou...
Syndicated Content Aug 04, 2022
Citigroup’s Russia exposure climbs on rouble surge
(Reuters) - Citigroup Inc said its total exposure to Russia rose by $500 million in the second quarter due to a rise in the value of the rouble. The Wall Street bank on Thursday disclosed $8.4 billion...
Syndicated Content Aug 04, 2022
Thomson Reuters posts higher second-quarter profit
NEW YORK (Reuters) - News and information company Thomson Reuters Corp reported higher second-quarter operating profit on Thursday and raised its full year revenue forecast. The parent company of Reut...
Syndicated Content Aug 04, 2022
Exclusive-Saudi, UAE save oil firepower in case of winter supply crisis
By Dmitry Zhdannikov and Maha El Dahan LONDON/DUBAI (Reuters) - OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a "significant increase" in oil output should the world fa...
Syndicated Content Aug 04, 2022
Alibaba revenue beats despite flat growth due to COVID lockdown
(Reuters) -China's Alibaba Group Holding Ltd, on Thursday beat market expectations for revenue in the quarter ending late June, even though growth was flat for the first time ever due to the impact of...
Syndicated Content Aug 04, 2022
Rosneft says Sakhalin-1 oil, gas project output has not resumed
MOSCOW (Reuters) - Russia accused U.S. energy major ExxonMobil on Thursday of unilaterally stopping oil production at a Pacific joint venture, raising the stakes in a standoff with the western oil com...
Syndicated Content Aug 04, 2022
Monte dei Paschi seals deal with unions over exit of 3,500 staff
MILAN (Reuters) - Italian state-owned bank Monte dei Paschi di Siena reached an accord with unions over thousands of job cuts which are part of commitments Rome agreed this week with the European Comm...
Syndicated Content Aug 04, 2022
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