MILAN: Shares in Ferrari went into reverse on Friday as the Italian luxury carmaker failed to lift its guidance for 2019 despite strong results in the first part of the year. Releasing its second quarter results, the company confirmed that it was on track for the higher end of...
Apple Inc could see a hit to its annual earnings from U.S. President Donald Trump's newly proposed 10per cent tariff on Chinese imports from September 1, analysts from Bank of America Merrill Lynch said on Friday.
Volvo Cars, owned by China's Geely , has produced the first cars containing recycled cobalt mapped using a blockchain, and has joined a separate project to monitor cobalt from Democratic Republic of Congo, Volvo said.
Levi Strauss & Co has been "deliberate and diligent" in moving production out of China because of uncertainty hanging over tariffs on goods imported from China, Chief Executive Officer Chip Bergh said in an interview with Reuters.
BRUSSELS/BENGALURU: Alphabet's Google will allow rivals to buy the chance of winning default search engine status on new Android devices in Europe, the U.S. company said on Friday in its latest proposal to ward off fresh EU antitrust penalties. New Android smartphones and tablets shipped in ...
HOUSTON: Chevron Corp reported a 26.3per cent jump in quarterly profit on Friday, as higher oil and gas production and a one-time breakup fee from its failed bid for a rival more than offset lower energy prices and a rise in expenses. Results benefited from a US$1 billion fee...
Amazon.com Inc is in talks with Reliance Industries Ltd's retail unit to buy a stake in India's biggest brick-and-mortar retailer, two sources with knowledge of the talks told Reuters on Friday.
Sprint Corp on Friday reported fewer-than-feared losses in quarterly net phone subscribers who pay a monthly bill, as the U.S. wireless carrier's cheaper plans helped it retain customers amid its pending merger with larger rival T-Mobile US .
Sprint Corp on Friday reported fewer-than-feared losses in quarterly net phone subscribers who pay a monthly bill, as the U.S. wireless carrier's cheaper plans helped it retain customers amid its pending merger with larger rival T-Mobile US .
NEW YORK: As Federal Reserve Chair Jerome Powell on Wednesday described why the central bank's interest rate cut should not be seen as the start of a lengthy easing cycle, the U.S. stock market was losing value at a rate of over US$25 billion a minute. At issue was...
