U.S. consumer spending and prices rose moderately in June, pointing to slower economic growth and benign inflation that could see the Federal Reserve cutting interest rates on Wednesday for the first time in a decade.
Blockchain, one of the world's largest digital currency wallet companies, announced on Tuesday the launch of a cryptocurrency exchange called The PIT that aims to execute trades in microseconds for retail and institutional investors.
Ralph Lauren Corp on Tuesday beat Wall Street estimates for quarterly revenue and profit powered by growth in North America, as a social media marketing blitz and new launches drove demand, sending its shares up 5per cent in premarket trading.
U.S. stock index futures dropped on Tuesday, as worries about the scale of consensus at the Federal Reserve in favor of deeper cuts in interest rates ate into the positive sentiment that drove indexes to record highs last week.
Swiss prosecutors said on Tuesday they are assisting Japanese authorities in their investigation into former Renault and Nissan Motor boss Carlos Ghosn, who faces charges of fraud and misconduct.
Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas.
U.S. drugmaker Merck & Co Inc reported a 56.4per cent rise in second-quarter profit on Tuesday, boosted by strong demand for its Keytruda immunotherapy, the dominant treatment for lung cancer, as well as higher sales of its vaccines.
No.1 U.S. homebuilder D.R. Horton Inc reported a 4.6per cent rise in quarterly profit on Tuesday, driven by higher demand and cheaper mortgage rates.
FRANKFURT: One year after taking over US seeds and pesticides maker Monsanto in a US$63 billion gamble, the payoff for German chemicals and pharmaceuticals giant Bayer remains in question as it battles a massive wave of cancer lawsuits over a flagship weedkiller. The number of plaintiffs claiming ...
HONG KONG: Months of increasingly violent protests in Hong Kong are taking a growing toll on the city's economy, weighing on confidence and scaring away tourists from one of the world's most vibrant shopping destinations. Economists say the impact of anti-government protests over the past eight ...
