Tag: billion
Saudi Aramco Posts Better-Than-Expected Drop in Q3 Net Profit, Shares Inch Up
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On Tuesday, Saudi Aramco reported a 23% decrease in its net profit for the third quarter, attributing the decline to lower oil prices and...
Tether’s Stablecoin Thrives Amid Crypto Market Volatility
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Amid the tumultuous cryptocurrency landscape, Tether's CEO, Paolo Ardoino, has emphasized the firm's strong performance and the utility of its stablecoin, USDT, as a...
How Long Will Saudi Oil Last?
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The world's energy landscape is undergoing a significant transformation, with a growing emphasis on renewable energy sources, energy efficiency, and reducing carbon emissions. Amidst...
Raiffeisen Bank International (RBI) Shares Surge Despite Q3 Earnings Dip
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Austrian financial institution Raiffeisen Bank International (RBI) experienced a notable surge in its shares, with prices rising by 4.5% to EUR14.72 on Friday. This...
How Much Oil Is Left in Saudi Arabia: Assessing the Future
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Saudi Arabia has long been a dominant player in the global oil market, boasting vast reserves of the world's most sought-after commodity. With oil...
European Stocks Inch Higher; Inflation Data Takes Center Stage Ahead of Fed Meeting
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European stock markets posted modest gains on Monday as investors carefully analyzed regional inflation data, with central bank meetings, notably the upcoming U.S. Federal...
Stoxx 600 Rises as Focus Shifts to Federal Reserve
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The Stoxx 600 index kicked off the week with a 0.6% increase, largely attributed to Israel's measured military response in Gaza. This shift in...
Nomura’s Quarterly Profit Doubles Amid Robust Japanese Stock Market
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Nomura Holdings, Japan's largest brokerage and investment bank, has reported a substantial increase in net profit for the second quarter, driven by a thriving...
Stock Markets React to Disappointing Earnings Amid Interest Rate Concerns
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Stock markets experienced volatility on Wednesday as concerns grew among investors about the economic outlook. Even tech giant Google's parent company, Alphabet (NASDAQ: GOOGL),...
Hong Kong’s Shrinking Stock Market Hinges on China’s Economic Prospects
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Efforts to rejuvenate Hong Kong's shrinking stock market through measures such as immigration plans tied to investments and stamp duty reductions are viewed as...
Snap Shares Stall After Initial Surge on Q3 Results; Concerns Over Ad Spending Emerge
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Snap Inc. (NYSE: SNAP) witnessed a significant upswing in its shares, with an initial after-hours spike of up to 20% following the company's Q3...
Warren Buffett’s Berkshire Hathaway Expands Holdings in Apple and Occidental Petroleum
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Warren Buffett, the renowned CEO of Berkshire Hathaway (NYSE:BRKa), has been steadily increasing the company's stakes in Occidental Petroleum (NYSE:OXY) and Apple (NASDAQ:AAPL) with...