BUSINESS

BP Boosts Buybacks As Profit Soars To Highest In Over Decade

BP boosted its share buyback programme after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy company took a $24 billion charge after exiting its operations in Russia.

BP Boosts Buybacks On Soaring Energy Prices After Costly Russia Exit

BP reported its strongest operational performance in more than a decade on Tuesday on the back of rocketing oil prices that helped it step up share buybacks, even as a $24 billion writedown from exiting Russia led to a record quarterly loss.

Gold Falls To 2-1/2-month Trough, Fed Rate Hike In Focus

Gold prices fell on Tuesday to their lowest level since mid-February as investors braced for more aggressive rate hikes from the U.S.

Gold Hovers Near 2-1/2-month Low; Investors Focus On Fed Rate Decision

Gold was flat on Tuesday, after hitting a more than two-month low, as investors braced for more aggressive rate hikes from the U.S.

Gold Prices Pinned Near 2-1/2-month Low As Investors Await Fed Meeting

Gold prices dropped on Tuesday towards their lowest since mid-February, as an elevated dollar and an imminent interest rate hike by the U.S.

Gold Prices Languish At 2-1/2-month Low As Investors Await Fed Meet

Gold prices dropped on Tuesday to their lowest since mid-February, as an elevated dollar and an imminent interest rate hike by the U.S.

Gold Prices Gain Following A Pull-back In Yields, Dollar

Gold firmed on Tuesday, tracking a slight retreat in U.S.

Cryptoverse: Venture Capitalists Catch Crypto Fever

Venture capital is making a big move on crypto in 2022.

Musk Says He Wants To Boost Twitter Use From 'Niche' To Most Americans

Tesla Inc Chief Executive Elon Musk said on Monday he wants to expand the reach of Twitter beyond the current "niche" until most Americans use the social media platform.

Hong Kong Plummets Towards Bottom Of Press Freedom Ranking

Hong Kong plummets towards bottom of press freedom ranking

Oil Falls 2% As China Lockdowns Outweigh Proposed EU Russia Oil Ban

Oil slipped 2% on Tuesday as demand worries due to China's prolonged COVID-19 lockdowns outweighed support from a possible European oil embargo on Russia.

Oil Climbs As EU Gets Set To Ban Russian Crude

Oil prices rose on Tuesday, extending gains from the previous session, as the European Union firmed up plans to tighten sanctions on Russia this week, with Germany saying it was prepared to back an immediate embargo on Russian oil.

Oil Slides As China Lockdowns Outweigh Proposed EU Russia Oil Ban

Oil prices fell by more than 2% on Tuesday as demand worries stemming from China's prolonged COVID-19 lockdowns outweighed the prospect of a European embargo on Russian crude.

Oil Slips 1% As China Lockdowns Face Proposed EU Russia Oil Ban

Oil slipped 1% on Tuesday as concerns about demand being dented by China's prolonged COVID-19 lockdowns outweighed support from a possible European oil embargo on Russia over its actions in Ukraine.

Oil Slips On China Demand Worries, While EU Weighs Russia Oil Ban

Oil slipped by more than 1% on Tuesday as concerns about demand due to China's prolonged COVID lockdowns outweighed support from a possible European oil embargo on Russia over its actions in Ukraine.

Marcos Heir To Oversee Hunt For Loot If He Wins Philippines Presidency

Marcos heir to oversee hunt for loot if he wins Philippines presidency

Stock Markets Rise As Fed Set To Hike Rate

Stock markets rise as Fed set to hike rate

In Devastated Mariupol, A Daily Struggle To Survive

In devastated Mariupol, a daily struggle to survive

Japan's 'Womenomics' Pioneer Says Mindsets Must Change

Japan's 'womenomics' pioneer says mindsets must change

HSBC Investors Give Ping An Break-up Plan Cool Response

HSBC investors gave a break-up proposal by its biggest shareholder a lukewarm response on Tuesday, voicing concerns a split would prove complex with no guarantee of raising returns.

HSBC Shares Rise As Markets Warm Up To Break-up Proposal By Top Shareholder

Shares in HSBC Holdings gained on Tuesday after its largest shareholder, Chinese insurance giant Ping An, urged a break-up of the London-headquartered bank in a bid to improve returns.

Logitech Counting On Hybrid Working To Boost Demand After Rare Sales Downgrade

Logitech cut its 2023 outlook on Tuesday, marking a rare downgrade from the computer mouse and webcam maker, but said it still expects to gain from people buying equipment as they move to hybrid working.

Logitech Cuts 2023 Outlook As Feels Impact Of Ukraine Crisis

Logitech cut its 2023 outlook as a result of the Ukraine conflict on Tuesday, marking a rare downgrade from the computer mouse and webcam maker, which grew rapidly during the COVID-19 pandemic, and prompting its shares to fall.

Amazon Says It Will Cover Travel Costs For US Workers Who Need Abortions

Amazon says it will cover travel costs for US workers who need abortions

US Megadrought Reveals 1980s Body In Lake, With More To Come: Police

US megadrought reveals 1980s body in lake, with more to come: police

LongHorn Steakhouse Names Employee 'Grill Master Legend' For Grilling 1 Million Steaks

LongHorn Steakhouse names its 14th employee ever "Grill Master Legend."

S.Korea April Inflation Hits Over 13-yr High

South Korea's consumer prices in April rose much faster than expected and at their quickest pace in 13-and-a-half years over a year earlier, led by a surge in energy and some food prices, government data showed on Tuesday.

Australia's Woolworths Says Inflation Its Main Concern As Q3 Sales Jump

Australia's largest supermarket chain Woolworths Group Ltd said on Tuesday that managing the effects of inflation remained its main concern after fuel prices and supply chain blockages contributed to a surge in the value of third-quarter sales.

U.S. Trade Chief Tai Says All Tools On Table To Beat Inflation, Tariffs Not Top Of List

All tools are on the table to address rising inflation, including reductions of tariffs on Chinese imports, U.S. Trade Representative Katherine Tai said on Monday, but she stressed that any policy shift needed to keep medium-term goals in mind.

Enough Nickel, Lithium For 14 Million EVs In 2023 - European Climate Group

Data shows there is enough nickel and lithium to produce up to 14 million electric vehicles (EVs) globally in 2023, so Europe should secure more raw materials to shift away from oil faster, campaign group Transport and Environment (T&E) said on Tuesday.