European Banks Weather Ukraine War In Q1 Earnings
LONDON (Reuters) – European banks counted the rising cost of war in Ukraine on Thursday as France’s Societe Generale, Credit…
May 2022
Inflation in Turkey soars to eye-popping near 70% in April
ANKARA, Turkey (AP) — Inflation in Turkey soared to nearly 70% in April, official data showed Thursday, as skyrocketing prices…
Bank of England raises key rate to highest level in 13 years
LONDON (AP) — The Bank of England raised its key interest rate to the highest level in 13 years on…
Shell reports record 1st-quarter earnings as oil prices soar
LONDON (AP) — Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fueling calls for the…
Conocophillips Profit Rises On Strong Crude Prices
(Reuters) – U.S. oil producer Conocophillips reported a higher first-quarter profit on Thursday, helped by a surge in crude prices…
Musk Secures Over $7 Billion Funding From Investors Including Larry Ellison
(Reuters) – Elon Musk has secured $7.14 billion in funding from a group of investors that includes Oracle Corp co-founder…
Oil Climbs On Supply Jitters As EU Plans Russian Oil Ban
By Bozorgmehr Sharafedin , LONDON (Reuters) -Oil prices extended gains on Thursday on supply concerns after the European Union laid…
Didi, Lenovo Founders Go Private On China Social Media, Join Retreat From Spotlight
By Josh Ye HONG KONG (Reuters) – The president of Chinese ride-hailing giant Didi Chuxing and her father, the founder…
OPEC+ opens oil taps gradually as Russian war roils markets
LONDON (AP) — OPEC and allied oil-producing countries decided Thursday to gradually increase the flows they send to the world,…
Bank Of England Set For 4th Straight Rate Hike To Fight Inflation
By William Schomberg LONDON (Reuters) – The Bank of England looks poised to raise interest rates on Thursday for the…