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Gold has come to stay as a major commodity amid its rising significance as a safe haven asset with prices skyrocketing globally, climbing to US$2,468.40 per troy ounce in June 2024. According to the World Gold Council (WGC), the volume of gold […]

 Russia’s dominant lender Sberbank (SBER.MM), opens new tab on Thursday reported second-quarter profit of 418.7 billion roubles ($4.88 billion), up 10.1% from the same period last year, boosted by a growing loan portfolio. The state-controlled bank made a record 1.5 trillion rouble […]

Exxon Mobil (XOM.N), opens new tab on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising oil prices and volume gains from its purchase this year of shale oil firm Pioneer Natural Resources. Exxon delivered a $2.14 per share profit that beat […]

Shares of Germany’s Commerzbank (CBKG.DE), opens new tab fell as much as 6% on Wednesday after it reported larger than expected loan loss provisions in the second quarter. The stock price drop came despite the bank announcing plans for a 600 million […]

U.S. oil and gas producer Occidental Petroleum (OXY.N), opens new tab said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources (PR.N), opens new tab for about $818 million, as it plans to cut down debt. […]

 U.S. bank stocks slumped on Monday as fears of a recession sent investors fleeing from a sector closely tied to the health of the economy and toward safe-haven assets. Citigroup (C.N), opens new tab led big bank losses with a near 5% […]

The Hong Kong government has become the largest source of climate-aligned government bonds in Asia and the fifth largest cumulative issuer of government green bonds in the world, according to a new report from the Climate Bonds Initiative. The city’s […]

Capital One (COF.N), opens new tab CEO Richard Fairbank and other executives went head-to-head with critics of its Discover Financial Services (DFS.N), opens new tab deal at a public meeting Friday, in what some analysts said was a strong showing by the credit card […]

JPMorgan Chase (JPM.N), opens new tab said it is working to restore service to automated teller machines (ATMs) affected by a global digital outage while a majority of its ATMs are operating normally, according to an emailed statement on Friday. The largest […]