Exxon smashes Western oil majors’ earnings record with $56 billion profit for 2022
Exxon Mobil posted a $56 billion profit for 2022, setting not only a company record but a historic high for the Western oil industry.
Pfizer expects 2023 sales to decline as much as 33% compared with record-breaking 2022
The pharmaceutical company booked $100.3 billion for full-year 2022, an all-time high.
Adani rides out storm as investors rally behind $2.5 billion share sale
Gautam Adani’s $2.5 billion share sale was fully subscribed on Tuesday, despite recent criticism from a short-seller’s report.
Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears
Euro zone narrowly avoided a contraction as energy prices provide some relief.
Norway’s gigantic sovereign wealth fund loses a record $164 billion, citing ‘very unusual’ year
Norway’s sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion kroner ($164 billion) in 2022.
China’s January factory activity returns to growth as economists cheer its reopening
China’s factory activity bounced back in January and expanded for the first time since September, data from the national bureau of statistics showed.
Asia’s chipmakers fall as Samsung sees worst quarterly profit in 8 years
Chipmakers in Asia fell as South Korean conglomerate Samsung Electronics saw its worst profit decline since the third quarter of 2014.
UniCredit hikes payout goal by 40% after record profit
UniCredit hiked one of the most ambitious payout targets among European banks, after posting its best profit in over a decade.
UBS gets a boost from higher interest rates, but warns of ‘uncertain’ year ahead
UBS’ fourth-quarter profit beat market expectations, but the Swiss banking giant warned of an “uncertain” year ahead.
Nearly a year on from the supposed Russian exodus, most major companies have yet to withdraw
After Russia invaded Ukraine in February 2022, companies across the G-7 and European Union announced plans to cease business operations in Russia.
