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Saudi Arabian state oil producer Aramco (2222.SE) reported a near four-fold rise in second-quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand. ....
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue. ....
Anshuman Daga 4 minute read A logo of DBS is pictured outside an office in Singapore January 5, 2016. REUTERS/Edgar Su Summary Singapore banks benefit as economy bounces back DBS upgrades full-year loan growth to high single digit DBS CEO expects business momentum to be sustained Shares up 0.7% after hitting record SINGAPORE, Aug 5 (Reuters) - Singapore s DBS Group Holdings (DBSM.SI) flagged strong loan growth and lower credit costs ahead after a rebound in its mainstay home market fuelled a better-than-expected 37% jump in quarterly net profit for Southeast Asia s biggest lender. The bank joined local peers OCBC (OCBC.SI) and United Overseas Bank (UOBH.SI) in reporting strong results, but the sector s sequential performance slowed sharply, underscoring challenges to maintaining growth. read more ....
Reuters 3 minute read The logo of U.S. oil and gas company EOG Resources is seen in its office in Chongqing, China December 15, 2017. REUTERS/Chen Aizhu Aug 4 (Reuters) - Oil and gas producers EOG Resources Inc (EOG.N), APA Corp(APA.O) and Marathon Oil Corp (MRO.N) topped Wall Street estimate for second-quarter profit on Wednesday, driven by higher crude prices. U.S. crude prices rose 24% in the June quarter and have climbed 45% since the start of 2021 on the back of a vaccine-fueled demand recovery and output cuts by OPEC+. Marathon also raised its quarterly base dividend by 25% to 5 cents per share, the company s second consecutive increase. ....
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