Philips sales spurred by rising Chinese healthcare spending
Rising healthcare spending by the Chinese government helped Dutch health technology company Philips post better-than-expected sales growth for the second quarter, putting its shares among...
Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models
South Korea’s Hyundai Motor Co laid out its U.S. sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its...
Fire forces Philadelphia Energy Solutions to file for bankruptcy again
Philadelphia Energy Solutions (PES) filed for its second Chapter 11 bankruptcy in less than two years on Sunday, a court filing showed, a month after...
Dutch firm Philips tops quarterly sales estimates as growth picks up
Dutch health technology company Philips on Monday reported a better-than-expected 6% rise in comparable sales for the second quarter, helped by strong demand for its...
Oil rises on Middle East Gulf tensions; Libya field resumes output
Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East...
Asia stocks fall on likely smaller Fed rate cut, pricier oil
Asia stocks fell on Monday as investors scaled back expectations of an aggressive Federal Reserve interest rate cut, while crude oil prices rose on heightened...
Did someone say rate cut? Five questions for the ECB
After weeks of speculation that interest rate cuts and another round of asset purchases are on their way, investors hope Thursday’s European Central Bank meeting...
Philips second-quarter results top estimates as growth picks up
Dutch health technology company Philips on Monday reported a better-than-expected 6% rise in comparable sales for the second quarter, helped by strong demand for its...
Hyundai Motor logs biggest profit gain in seven years on currency, new models
South Korea’s Hyundai Motor Co on Monday posted its steepest quarterly net profit gain in over seven years, as a weaker local currency helped lift...
Hyundai Motor second-quarter net profit rises 31.2%, new models boost domestic sales
South Korea’s Hyundai Motor Co on Monday said second-quarter net profit climbed 31.2%, as a weaker local currency helped lift U.S. income, while new models...