Saudi Aramco upholds dividend despite drop in first-quarter profits
Aramco, which is the world’s largest oil exporter, expects total dividends of $124.3 billion to be declared in 2024, it said.
BP misses expectations as profits slip on weaker oil and gas prices
BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a “significantly weaker” margin in fuels.
UniCredit raises investor reward goal after profit tops forecast
UniCredit raised on Tuesday its investor reward guidance for the year, after posting a much higher net income than expected and further boosting capital levels.
Apple is reportedly developing chips to run artificial intelligence software in data centers
The iPhone maker has been working with Taiwan Semiconductor Manufacturing Co. on the chip’s design and production.
Amazon’s AWS to double down on Singapore with additional $9 billion cloud investment
This comes after AWS pumped over SG$11 billion through 2023 into Singapore’s cloud infrastructure and ecosystem.
UBS shares pop 9% as Swiss bank returns to profit after Credit Suisse takeover
It is the Swiss banking giant’s first earnings report in the black since it completed the acquisition of fallen rival Credit Suisse.
Why it’s sometimes okay to go with the flow, says this CEO
Dead fish go with the flow, but smart fish do too, says this startup co-founder. Here’s why.
China’s Xi backs Macron call for global Olympic truce
President Xi called for a global truce during the Olympic Games after being urged to use his influence to end its war in Ukraine by European officials.
Asia markets extend gains on rate cut optimism; RBA leaves cash rate unchanged at 4.35%
The Reserve Bank of Australia is expected to hold its benchmark lending rate at 4.35%.
After a tough quarter for global luxury, Barclays names 3 stocks to play the sector right now
Chinese consumers may be cutting their spending on luxury goods, but analysts note that several companies in the sector make good plays right now.
