Lufthansa braces for more challenges after price war hits earnings
German airline Lufthansa said it was braced for very tough price competition with Ryanair and easyJet for at least the rest of this year as...
BP has no plans to take its tankers through Hormuz
BP has not taken any of its oil tankers through the Strait of Hormuz since a July 10 attempt by Iran to seize one of...
BP profit outstrips forecasts, lifted by higher oil output
A strong increase in oil and gas production helped BP offset weaker crude prices and refining profit to beat second quarter profit expectations on Tuesday,...
BP profits beat expectations as oil and gas production rises
BP’s second quarter profits easily beat expectations as a strong increase in oil and gas production helped offset weaker crude prices....
Oil prices rise as market eyes likely Fed rate cut
Oil prices rose for a fourth day on Tuesday on optimism the U.S. Federal Reserve will this week cut interest rates for the first time...
Huawei Technologies posts 23% H1 revenue growth amid U.S. sanctions
China’s Huawei Technologies [HWT.UL] said on Tuesday revenue in the first half of the year grew 23.2% – faster than a year ago – despite...
BP second-quarter profit of $2.8 billion above expectations
BP reported $2.8 billion in second-quarter profit on Tuesday, unchanged from a year earlier, held back by lower oil prices....
Sony reports 18% jump in first-quarter profit on strong image sensor business
Japan’s Sony Corp on Tuesday reported an 18.4% increase in first-quarter operating profit, beating market expectations thanks to a strong performance in the image sensor...
Lufthansa second-quarter earnings fall on rising fuel costs and price wars
German airline Lufthansa on Tuesday posted a decline in second-quarter earnings, hurt by price competition on short-haul routes and rising fuel costs, adding the European...
Bayer says 2019 profit goal becoming a stretch
Germany’s Bayer became the latest agricultural supplies company to be affected by flooded farms in the United States and by trade disputes, saying its full-year...