Visa's net income grew to $15 billion in the fiscal year 2021–2022. One of the two biggest bank card businesses in the world, U.S. Visa Inc., reported a 21.5 percent increase in net income to $14.957 billion for the fiscal year 2021–2022 compared to the prior year. The company's diluted earnings were $7 per common share, up from $5.63 in the prior year. Visa's revenue also added 21.5 percent,...

In the period from January to September 2022, according to financial documents, the British-Hong Kong-based HSBC Holdings plc's net income attributable to shareholders decreased by 5.7 percent year over year to $10.202 billion. Net interest income, on the other hand, grew by 16.8% to $23.032 billion. Diluted earnings per share were $0.51 this year after $0.53 last year. Revenue decreased 1.9%...

In order to increase liquefied natural gas (LNG) production in Qatar at its North Field South (NFS) field in the north of the country, Qatar Energy, the state-owned oil and gas business of Qatar, has established a collaboration with Shell, according to Qatar News Agency QNA. The message stated that Shell had been chosen by Qatar Energy as its second partner to develop the North Field South field...

One of the biggest producers of food and beverages in the world, Nestle SA, of Switzerland, reported that its sales increased by 9% to 69.132 billion Swiss francs (about $69.4 billion) in the first three quarters of this year compared to the same period in 2016. Growth in organic sales was 8.5%. While this was happening, sales in North America increased 11% to 19 billion Swiss francs ($19...

Lockheed Martin, a U.S. military-industrial conglomerate, announced on Tuesday that it intends to increase production of weapons "necessary to defend the United States and its allies" The list includes the Javelin man-portable air defense systems and the HIMARS multiple-launch rocket systems provided to Ukraine. According to Lockheed Martin Chief Executive James D. Taiclet, "We are investing in...

An industry leader in asset management and securities services, Bank of New York Mellon Financial Corp. (BNY Mellon), reported that its shareholders' share of net income declined by 32% to $1.853 billion in the first three quarters of the year. After $3.14 in January through September of last year, diluted earnings per common share were $2.28 this year. Earnings of BNY Mellon increased by 4.56%...

According to The Times, BMW may shift Mini electric vehicle manufacture from the UK to China. BMW wants to relocate the production of its Mini electric vehicles from the UK to China, reports The Times. At that, the corporation itself refuted The Times' claims regarding the shift of production. The newspaper claims that BMW builds 40,000 Mini electric vehicles annually at its plant in Cowley,...

ByteDance, the owner of TikTok, reportedly has ambitions to develop and include a short video streaming platform into its Resso music streaming business. In order to compete with international streaming services like Spotify, the Chinese business ByteDance, which owns the TikTok platform, has started discussions with major record labels about establishing its own music streaming service, Resso,...

Bittrex, a cryptocurrency exchange, has been fined by the Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department for violating the sanctions imposed on Russia, Iran, Sudan, and Syria. Between March 2014 and December 2017, Bittrex failed to halt virtual currency transactions for customers in the Crimea, Cuba, Iran, Sudan, and Syria, according to OFAC. These moves are accessed to...