Saudi Aramco, the world's largest oil producer, stated that its net profit grew by 82 percent year on year to a record $39.5 billion in the first quarter of 2021. According to the firm, "Aramco earned a record quarterly net profit of $39.5 billion, up 82 percent from the first quarter of 2021." Higher oil prices and sales volumes, as well as greater refining profits, were the key contributors...

Siemens AG reported a 23 percent drop in net profit for the first half of fiscal year 2021-2022, which ended on March 31, to €3.01 billion, according to the company’s statement. The diluted earnings per share for the reporting period were €3.29, down from €4.49 in the previous financial year's first half. Year on year, revenue increased by 17% to €33.537 billion. Net profit for the second...

US congressmen have demanded that JPMorgan and Goldman Sachs provide lists of clients trading Russian bonds. US congressmen have demanded that US banks JPMorgan Chase and Goldman Sachs provide information on clients trading Russian bonds in order to find out whether Wall Street is profiting from Russia's invasion in Ukraine, Bloomberg reported. Corresponding letters to JPMorgan chief executive...

Shares in Coinbase, the largest cryptocurrency exchange in the US, plummeted more than 15%. The company reported a decline in the number of active users and trading volume. Shares of the largest US cryptocurrency exchange Coinbase fell 12.6% by the close of trading on 10 May and continued to fall outside of trading. The price per paper fell from $72.99 to $61.55. The fall began after Coinbase...

Ford will sell 8 million shares in electric car maker Rivian after its stock gets out of the lockup this Sunday, May 8, sources told CNBC. Ford Motor will sell 8 million of its shares in electric car maker Rivian Automotive, CNBC reported, citing sources. The stock is set to expire on Sunday, May 8, a lock-up period in which it cannot be sold. According to CNBC, Goldman Sachs will arrange the...

American Illumina, which develops genome analysis technology, was ordered to pay $333 million to a division of its Chinese competitor, BGI Group. After determining that Illumina's DNA sequencing devices infringed on two of BGI Group's patents, a Delaware jury ordered Illumina to pay more than $333 million to Complete Genomics, the U.S. division of BGI Group, a Chinese genomics business. Reuters...

Brazilian oil and gas giant Petrobras posted a net profit attributable to company shareholders of $8.648 billion in the first three months of 2022, a 43-fold increase on the previous year, the company said. Revenues in the first three months of the year reached $27.189 billion, 1.7 times higher year on year. Adjusted EBITDA rose 1.7 times to $14.961 billion. The company's total debt was $40.072...

Elon Musk has received $7.14 billion in funding to buy Twitter from a group of investors including the largest cryptocurrency exchange Binance, Qatar Holding, Tesla board member Larry Ellison and Saudi Prince Al Waleed bin Talal Al Saud, according to the Securities and Exchange Commission (SEC). Twitter, Inc. had earlier announced an agreement with Musk to buy the company for $44 billion. In...

Exxon Mobil has reached an agreement to sell its Romanian subsidiary Exxon Mobil Exploration and Production Romania to local company Romgaz for more than $1 billion, according to a press release from the US oil and gas giant. "The agreement includes all shares in Exxon Mobil Exploration and Production Romania, as well as an interest in subsoil area XIX Neptun offshore Romania," the US company...