Saudi Aramco earns $161bn profit for 2022
Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, drawing an outraged response from activists warning about...
US bank lending touches record as deposits fall, Fed data show
Deposits at U.S. commercial banks fell toward the end of April to the lowest in nearly two years, data released on Friday...
World Bank’s IFC to invest about $73m in Mahindra’s last mile mobility unit
BENGALURU: Indian automaker Mahindra and Mahindra Ltd said on Wednesday that World Bank’s private investment arm, International Finance Corp (IFC), will invest...
TikTok accuses EU of keeping it in the dark over staff phone ban
TikTok accused the European Commission on Friday of failing to consult it over a decision to ban the Chinese short video sharing...
Sri Lanka parliament approves domestic debt restructuring plan
Sri Lanka's parliament approved a domestic debt restructuring plan on Saturday that is crucial to continue a $2.9 billion bailout from the...
Alibaba to decide on control over new business units after IPOs
Alibaba Group (9988.HK)Â said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the...
Oil continues to tumble after previous session’s slide
Oil prices fell by more than $1 on Thursday, extending the previous session's sharp losses as an uncertain demand outlook overshadowed any...
Boeing boosts monthly 737 production as results beat estimates
Boeing (BA.N)Â said on Wednesday it was lifting production of its bestselling 737 narrow-body jet, a sign the planemaker was recovering from a...
Ferrari to accept crypto as payment for its cars in the US
Ferrari (RACE.MI)Â has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to...
China’s economy stabilises, factory activity returns to expansion
China's factory activity expanded for the first time in six months in September, an official survey showed on Saturday, adding to a...
Musk says Twitter to soon allow calls, encrypted messaging
Twitter Inc Chief Executive Elon Musk on Tuesday revealed details about new features including adding calls and encrypted messaging coming to the...
Google acquires smartphone maker HTC in $1.1 billion deal
Taipei: Alphabet Inc’s Google said it would pay $1.1 billion in cash to acquire the division at Taiwan’s HTC Corp that develops...
Exclusive: HSBC to acquire Citigroup China consumer wealth business
HSBC (HSBA.L) is set to acquire Citigroup's (C.N) China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge...
US bans cotton imports from China producer citing Xinjiang ‘slave labour’
WASHINGTON: The Trump administration expanded economic pressure on China’s western region of Xinjiang, banning cotton imports from a powerful Chinese quasi-military organization...
Biden says final US debt ceiling deal ready to move to Congress for vote
U.S. President Joe Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling...