Saudi Aramco revealed on Thursday that it would set its price for Arab Light oil to the Asian market at a record high of $9.80 per barrel.
On Thursday, Glencore revealed that the company would buy back stocks for a total value of $3 billion. In addition, the company intends to pay out additional $1.45 billion in a special dividend.
The British multinational communications, advertising, public relations, technology, and commerce holding company WPP has released its second quarter earnings results. The quarterly results missed market expectations During the first two hours of London trading the stock price lost 8.17% or 72.8 GBP.
Despite a broad slowdown in the global economy, Thomson Reuters revealed that it expects its core business to increase the company's sales in 2022.
A Reuters poll of economists has revealed that the consensus for 2023 is that the commodity price is set to average near $1,745.00, as the strong US Dollar would keep commodity prices down.
At the start of the day's trading, the stock price of Ebay dropped by 7.46% or $3.77, compared to the previous day's close. The decline occurred despite the company beating its earnings forecast by 11.41% and revenue expectations by 2.35%.
On Wednesday, Kazakh Energy Minister Bolat Akchulakov revealed that OPEC+ could increase oil production to ease prices into the $60-$80 range.
A UK labor union has announced that hundreds of Amazon UK workers have went on strike due to low pay.
The Bank of England has just now hiked its Official Bank rate by 0.50% from 1.25% up to 1.75%. In addition, the central bank has published its Monetary Policy Summary. The Pound's value immediately adjusted to the news with an immediate spike up above 1.2210 and a follow up decline a minute after the announcement.
US monetary policymaker James Bullard stated on Wednesday that the US Federal Reserve is set to raise rates until US inflation reaches 2.00%.
This week, Reuters announced that its sources in the German government have indicated that it is currently impossible to impose gas consumption restrictions.
Recent data has revealed that business activity in the Euro Zone has decreased during July, as consumers have been staying at home.
During Tuesday's trading hours, the stock price for Uber surged, as the company announced that for the first time ever the company had managed to turn its cash flow positive.
BP second quarter earnings have surged, as profits have hit $8.45 billion, which is a 14-year-high level. The company has decided to increase its spending on production and boost dividend pay-out.
This week, Air Canada announced that it had suffered smaller than forecast quarterly losses. However, the company revealed that it expects its annual costs to increase.
The industrial company Caterpillar Inc revealed that it had beat second quarter profit estimates due to higher equipment prices decreasing the negative impact of increasing costs.
A company investigation has revealed that an affiliate of Toyota Motor Corporation has been falsifying emissions data as early as 2003.
In July, Euro Zone factory activity had decreased, as the manufacturing sector has been stockpiling inventory due to low demand.
This week, the second quarter GDP of Hong Kong had decreased by 1.4% on a year on year basis.
Heineken has announced that the company had finished the first half of 2023 with a record high profit, as consumers have continued to buy beer despite inflation.
Various stock indices around the world started August trading by reaching seven-week high levels.
The trial of Elon Musk versus Twitter over the $44 billion buyout deal has been scheduled to start on October 17.
A Reuters survey has revealed that polled economists expect the Bank of England to hike the GBP base interest rate by 0.50%.
AbbVie is set to pay $2.37 billion to end thousands of lawsuits against the company over opioid painkiller marketing.