CEO of bitcoin exchange Coinbase Brian Armstrong stated that the trading site will continue to operate in the US. "Coinbase won't expand internationally. While acknowledging that "the US is a little bit behind right now" in terms of government regulation in this sector, Armstrong told CNBC that "we will always have a presence in the US." "I would say we're seeing more thoughtful approaches, for...

According to UBS CEO Sergio Ermotti, Switzerland's largest bank UBS anticipates completing its acquisition of Credit Suisse by late May or early June. Credit Suisse's stock price on the stock exchange fell by a quarter in a single day in the middle of March. The bank's demise was feared by many as a result of an American bankruptcy wave. The largest bank in Switzerland, UBS, later announced plans...

According to the company, Starbucks' net income for the first half of its fiscal year 2022–2023, which concluded on April 2, increased 18.3 percent year over year to $1.76 billion. Earnings per share increased from $1.28 to $1.53 from the previous year. Revenue for the time period increased by 11.1 percent to $17.433 billion. Net profits for the coffee chain's fiscal second quarter increased...

The gas division of ADNOC will be providing TotalEnergies with LNG worth $1 billion through 2025. The gas subsidiary of Abu Dhabi National Oil giant (ADNOC) has inked a three-year agreement with TotalEnergies under which it will provide the French energy giant with LNG worth at least $1 billion. Liquefied natural gas will be exported under a three-year arrangement between ADNOC Gas and French...

The SoftBank Group of Japan, which owns the British chipmaker Arm, has applied for an initial public offering in the US. According to a statement from British chipmaker Arm Ltd, which is controlled by Japan's SoftBank Group, the company has filed for an initial public offering on a U.S. stock exchange that may end up being the largest IPO of the year. Arm intends to float its shares on the...

According to a press release from the firm, TotalEnergies, a French oil and gas corporation, will sell its whole ownership in its Canadian subsidiary, TotalEnergies EP Canada, to Suncor for C$5.5 billion ($4.1 billion). "TotalEnergies received several offers following announcement of the divestiture of its Canadian assets, among which was an offer from Suncor Energy Inc. to acquire its entire...

According to a statement posted on the UK government website, the UK Competition and Markets Authority decided to prohibit Microsoft from purchasing Activision Blizzard, one of the most well-known video game producers. The announcement stated that the proposed acquisition of Activision by Microsoft had been rejected by the UK Competition and Markets Authority. The agency's decision was...

Visa's net income for the first quarter increased by 17% year over year, to $4.3 billion. Earnings per share grew by 20% to $2.03. The growing profit is related to the after-pandemic rebound in the global travel industry. As a result, Visa processed 24% more cross-border payments compared to the first quarter of previous year. Compared to the same period in 2022, the company completed 50.1...

IT behemoth Microsoft Corp. said that its net income for the first nine months of its fiscal 2022–2023 year, which ended on March 31, 2023, decreased 6.6 percent year over year to $52.28 billion. The three quarters' combined revenue rose 6.4% year over year to $155.726 billion. For the period, diluted earnings per share decreased to $6.99 from $7.41 a year earlier. In the third quarter of the...