BP's Profits Surge as Oil Traders Capitalize on Middle East Volatility

Its oil-trading unit delivered bumper profits again after conflict in the Middle East continued to drive turbulence in energy markets.

HSBC Posts Sharply Higher Quarterly Profit, Plans $1 Billion Share Buyback

The London-based bank said its second-quarter net profit jumped 68% from a year earlier to $7.69 billion and announced a share buyback of up to $1 billion.

Toyota Net Profit Surges 76%, Boosts Earnings Outlook