Spotify revenue beats on higher subscriber addition
Spotify Technology SA on Wednesday reported better-than-expected second-quarter revenue as the music streaming company added more paid subscribers to its premium service....
Getting under the hood of Amazon’s auto ambitions
Amazon.com Inc is expanding its transportation prowess to do virtually everything short of building a car....
Increasingly cautious global funds build cash buffer; cut equities: Reuters poll
“More caution” was the mantra of global fund managers in July, with recommended equity allocations cut to the lowest since early 2017 and suggested cash...
Computers boost Man Group first-half assets, shares up
British hedge fund manager Man Group said assets rose 5% in the first half of the year, helped by performance in its computer-driven strategies, boosting...
Oil rises for fifth session as stockpiles fall and market awaits Fed
Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will...
Lloyds Bank plays down Brexit fears as mis-selling charge hits profits again
Lloyds Banking Group played down mounting concerns about Britain’s Brexit crisis as it missed first-half profit forecasts due to a much larger than expected charge...
Credit Suisse hails cost discipline as net profit jumps 45%
Credit Suisse posted its highest quarterly earnings in four years on Wednesday, hailing frugal cost management as paying off in a tough environment....
Trade tensions weigh on stocks as markets await Fed verdict
Fresh trade war fears weighed on global stocks on Wednesday ahead of a U.S. Federal Reserve meeting with the dollar holding firm and Britain’s pound...
U.S., China trade meeting ends with sharp response to Trump
Talks between U.S. and Chinese trade officials seeking ways to end a year long trade war lasted barely half a day before ending on Wednesday...
Aston Martin shares plunge to new low as carmaker slumps to half-year loss
Shares in Aston Martin plunged 17% to a post-flotation low on Wednesday after the luxury British carmaker slumped to a half-year loss, the latest automotive...