Exxon Mobil Corp (XOM.N) on Thursday signaled a return to annual profit for 2021 as stronger oil and gas prices drove a gain of up to $1.9 billion in operating…
Category: Business
Oil prices rise slightly ahead of OPEC+ meeting next week
Oil prices rose slightly on Thursday on expectations that fuel demand held up despite soaring Omicron coronavirus infections and that OPEC and its allies would continue to increase imports only…
YEARENDER The Year of the Doge? 2021, crypto’s wildest year yet
Bitcoin close to $70,000, "memecoins" worth billions of dollars, a blockbuster Wall Street listing and a sweeping Chinese crackdown: 2021 was the wildest yet for cryptocurrencies, even by the sector's…
Furniture giant IKEA raises prices as supply chain woes persist
The world's biggest furniture brand IKEA is raising prices by an average of 9% as it faces increasing costs in transport and raw materials, the owner of most of its…
Samsung BioLogics says report on Biogen deal talks untrue
Samsung BioLogics (207940.KS) on Thursday denied a media report that said the South Korean firm was in talks to buy U.S. drugmaker Biogen Inc (BIIB.O). Korea Economic Daily reported on…
Foreign carmakers interested in Ford plant in India
Foreign automakers have indicated an interest to the government of India's Tamil Nadu state in acquiring Ford Motor Co's (F.N) plant there, the state industries minister said on Thursday, after…
Hoping for cheaper gas to come, Europe reverses Russian link to tap storage
Gas traders are relying on stockpiles to supply European buyers and avoid paying near record-high prices, industry sources and market analysts said, explaining the unusual reverse in direction of flows…