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Bank of America

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

  • US Fed likely to hike interest rates to 22-year high

    The Fed paused its aggressive campaign of monetary tightening last month to give policymakers more time to assess the health of the US economy, and the impact of recent banking stresses on lending conditions. In the weeks since, positive upgrades to economic growth and cooler inflation data have reinforced the...

  • US closes SVB in biggest collapse since 2008

    The move sends sent global banking shares sputtering, as markets fretted over possible contagion from America's biggest banking failure since the 2008 financial crisis.

  • Aramco likely to post bumper profit for Q2

    Aramco is expected to post a bumper profit for the second quarter of this fiscal on the back of high price of crude. This is the assessment of various analysts before the oil-giant discloses its financial results on Sunday.

  • Macro drivers signal higher oil prices in 2022: BofA

    Trends currently driving down oil prices will cease to be a problem in the second half of 2021 Weaker dollar, inflation and monetary easing will lead to higher oil prices in 2022 A new Bank of America Global Research report claims micro trends that are driving down oil prices, like...