Deals
UniCredit and Citigroup are in talks to sell their Russian divisions to local financial institutions.
In particular, Interros of Vladimir Potanin, which had previously bought 35% of Tinkoff Group, claimed UniCredit's business.
Invest
Invest
Saudi Aramco's first-quarter net profit rose 82% to $39.5 billion, the company said
Saudi Aramco's hydrocarbon production in the first quarter was 13 million barrels of oil equivalent per day, the company said.
Global Company
Carvana predicts significant revenue in 2023
The online used-car retailer laid out plans to cut spending on advertising, expansion and other areas to offset falling demand. The forecast comes days after Carvana said it would lay off 12% of its employees.
Cryptonews
SEC head equates crypto-assets with securities
The SEC will seek to gain control over regulation of the crypto sector, which could entail severe restrictions. "Token purchases are investment contracts. Under U.S. law, an investment contract involves "investing money in a common enterprise with a reasonable expectation of profit from the efforts of others,