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Business

Once a "Dog," Refinement becomes Driver of Oil Profits

From Exxon Mobil Corp. to Phillips 66 Energy companies reap banner profits by taking cheap oil that is locked in North America and turning it into fuel. A huge increase in oil output has overwhelmed pipelines and depressed raw prices in some regions of Texas and Canada. It has created a bonanza for companies that can exploit themselves by converting …

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SoftBank's Son defends Saudi ties as a government-backed fund boosts profit

TOKYO (Reuters) – SoftBank Group Corp. 9984.T ) CEO Masayoshi Son on Monday condemned the killing of a journalist by Saudi security personnel, and said his firm must carry out its responsibility to the kingdom's citizens whose money is invested in its Vision Fund. Japan's SoftBank Group Corp. Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November …

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TEN. Says He Never Got A Dollar From Crypto Company

Rapper T.I. is just as upset as anyone else who was allegedly screwed by a crypto company … TI's lawyer, Albert A. Chapar Jr., has never even received a dollar from the company. . tells The Blast, "Tip is truly disheartened by the lawsuit. Tips did not receive a single dollar from Felton or any of the money alleged to …

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UPDATE 1-Turkish inflation hits 25 percent in October, highest in 15 years

(Adds details, lira, background) ISTANBUL, Nov 5 (Reuters) – Turkish annual inflation surged to 25 percent in October, official data showed on Monday, hitting its highest in 15 years and underscoring the sustained impact of a currency crisis on the wider economy. Month-on-month consumer prices jumped 2.67 percent, the Turkish Statistical Institute data showed higher than the 2.0 percent forecast …

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