China’s service sector activity grows at slower pace in July: official PMI
China’s services sector activity grew at a slower pace in July, an official survey showed on Wednesday, heaping pressure on Beijing which is counting on...
Oil prices rise for fifth day after U.S. stocks decline
Oil prices rose for a fifth day on Wednesday, buoyed by a bigger than expected drop in U.S. inventories and as investors awaited a widely...
Asian shares on defensive, pound at 28-month low on hard Brexit fears
Asian shares weakened in early trade on Wednesday, rattled by fresh trade war concerns following threats from President Donald Trump to Beijing, while increasing worries...
Apple’s services, wearables shore up results as iPhone drops below half of sales
Apple Inc iPhone sales dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday...
Samsung Electronics second-quarter profit down 56% as chip troubles persist
Samsung Electronics Co Ltd posted a 56% drop in second-quarter operating profit on Wednesday, hit by continuing declines in memory chip prices amid oversupply....
Oreo maker Mondelez raises sales forecast as emerging markets fuel growth
Mondelez International Inc raised its 2019 sales forecast on Tuesday, benefiting from several years of tailoring its chocolates and cookies to cater to consumer tastes...
Amgen results beat estimates, lung cancer trial planned
Amgen Inc on Tuesday said its second-quarter revenue fell 3% due to more competition for its older off-patent drugs, but rising sales of newer medicines...
Apple forecasts strong revenue even as iPhones drop to under half of sales
Apple Inc iPhone sales dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday...
Amgen results beat estimates, cancer drug shows wider activity
Amgen Inc on Tuesday said its second-quarter revenue fell 3% due to more competition for its older off-patent drugs, but rising sales of newer medicines...
Enterprise Products in deal with Chevron to develop crude oil port
Enterprise Products Partners LP signed long-term agreements with a Chevron Corp unit to develop its Sea Port Oil Terminal in the Gulf of Mexico, the...