OpenAI, a company in the United States that created ChatGPT, announced that it has obtained a $4 billion revolving credit facility. U.S. JPMorgan Chase & Co., Citigroup Inc., Goldman Sachs Group, Morgan Stanley, Wells Fargo, Spain's Santander, Japan's Sumitomo Mitsui Banking Corporation (SMBC),...

TotalEnergies and Apache Corp from the US are set to jointly invest $10 billion in oil production off the coast of Suriname, as announced by Total. The GranMorgu project is expected to begin production around mid-2028, with an output of approximately 220 thousand barrels per day, according to...

In its fiscal first quarter, the US sports equipment manufacturer Nike Inc. decreased its net income by 28% and lowered revenue by 10%, surpassing market predictions for net income while falling short of analysts' expectations for revenue. According to the company’s press release, the net income...

OpenAI, the company behind the widely popular ChatGPT, expects to incur approximately $5 billion in losses this year on $3.7 billion in revenue, according to recent reports. While the company has experienced explosive growth in revenue, with an increase of 1,700% since the beginning of 2023, the...

Adobe Inc. forecasts that sales in online stores in the United States will reach their highest point since 2021 during the winter holiday season (from 1 November to 31 December) because of significant discounts and decreasing inflationary pressures. Anticipated sales for the period are projected to...

JPMorgan, the largest bank in the U.S., is setting its sights on Southeast Asia, a region increasingly benefiting from the "China Plus One" strategy, as it continues its strong focus on India and Japan. According to Sjoerd Leenart, JPMorgan's Asia Pacific CEO, the bank is looking to allocate more...

The German financial agency announced that the German government has made the decision to refrain from selling additional shares in Commerzbank AG in the near term. In September, the government started lowering its ownership in Commerzbank, which it has had since the 2008 financial crisis, by...

UniCredit SpA, an Italian bank, has introduced a €1.7 billion share repurchase initiative. The bank announced in a press release that the buyback will start on Monday and could finish by November. In September, UniCredit announced that the European Central Bank had given its approval for the bank...

According to a report by Barclays, the UK government ought to offer tax incentives to firms looking to move their listing from "junior" markets like the Alternative Investment Market (AIM) to the main floor of the London Stock Exchange (LSE). The bank's analysts believe this will assist in...