On Thursday, Brazilian energy company Petrobras published financial reports for the first quarter, and it turned out that the company's financial results were the best in the last two years. Net profit of Petrobras was 4.45 billion Brazilian real ($ 1.42 billion) against a loss of 1.25 billion reais ($ 500 million). The results also significantly exceeded analysts' expectations, who predicted an...

The EU can change rules of regulation for online taxi service Uber, reports Reuters. Uber provides transport services and must have an appropriate license, the statement of the European Court says. "The electronic platform Uber, being innovative, at the same time falls into the sphere of transport. Thus, it may be necessary for Uber to obtain the necessary licenses and permits in accordance...

Over the past few months, Snap, which runs popular mobile app Snapchat, signed content agreements with a number of media holdings - Vertical Networks, Turner, NBCUniversal, A + E Networks, ABC, ESPN, Discovery, BBC, Vice Media, NFL and Metro- Goldwyn-Mayer, writes WSJ. In addition, Snap is reportedly in talks with Fox and CBS, told the publication’s sources. Apart from that, the company is going...

On Wednesday, Toyota Motor Corp. reported the first in the past five years’ decline in annual net profit - its volume decreased by 20.8%. The concern managed to increase auto sales, however, rising costs and appreciation of the yen did not allow the company to achieve positive net profit dynamics. Toyota Motor was unable to increase its net profit for the fiscal year for the first time in five...

Zhejiang Geely, a Chinese automaker owning Swedish Volvo, is buying about 30% of Danish Saxo Bank, the Financial Times reported. The deal will be carried out with participation of the co-founder and former CEO of Saxo Bank, Lars Seier Christensen, who is selling his share of 25.7%, as well as with some other smaller investors. As a result of the transaction, Geely will become the bank’s largest...

South Korean technology giant Samsung is coming close to the world’s leading manufacturer of microprocessors, which currently belongs to American corporation Intel. This would be a hefty victory for the Koreans, as Intel has been in the lead for the past 24 years. Experts from IC Insights research company predict that such a rearrangement may occur already in the current year. Samsung is taking...

Profit of the British company BP grew almost threefold in the first quarter, amounting to $ 1.5 billion. Thus, BP became the next energy company after Exxon Mobil, Chevron and Total, which showed good financial results in the first quarter. According to experts, this indicates restoration of the energy sector in connection with rising oil prices. On Tuesday, British oil and gas company BP...

The South Korean authorities’ decision to host the US missile defense system THAAD has negatively affected the country’s largest carmaker Hyundai Motor. The company's sales fell immediately by 14% in China, which extremely negative reacted on such military cooperation between the US and South Korea. On Wednesday, Hyundai Motor reported receiving a net profit of $ 1.2 billion. This result turned...

Italian airline Alitalia is in the red, and it looks like the carrier does not have a chance to be rehabilitated. The company’s employees refused to support a rescue plan coordinated by the leadership and the trade unions. Now the national Italian air carrier can be sold in parts if the management fails to find a single buyer is not found for all the company's assets. Alitalia acknowledged that...