Global stocks slide as U.S.-China trade war takes toll on earnings
Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings,...
Japan-South Korea gloom spurs worries of ‘never seen before’ chip price spike
Memory chip spot prices have risen for the first time this year, indicating grim warnings of “never seen before” spikes and a supply disruption could...
Anglo American’s second-quarter output rises 2%, on track to hit 2019 targets
Anglo American on Thursday posted a 2% rise in second quarter output and reaffirmed full-year production targets, boosted by a restart of operations at its...
ASOS warns on profit again, blames overseas warehouse problems
British online fashion retailer ASOS dented profit expectations for the third time in eight months on Thursday, saying problems in ramping up warehouses in the...
Britain’s easyJet reassures on outlook, hires Ryanair operations chief
Britain’s easyJet on Thursday reported third quarter trading in line with expectations, boosted by more customers taking optional extra services and enabling it to reiterate...
Britain’s ASOS blames overseas warehouse issues for latest profit alert
British online fashion retailer ASOS warned on profit for the third time in eight months on Thursday, saying it had struggled to overhaul warehouses in...
Stocks wobble on trade, earnings anxiety; U.S. Treasury yields fall
Asian share markets faltered on Thursday as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, which helped...
Crude futures mixed; WTI extends losses after U.S. oil products stocks gain
Oil prices were mixed on Thursday with U.S. crude extending losses after falling in the previous session after data showed U.S. stockpiles of products like...
Volvo Cars to cut costs as trade war dents profits
Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure...
Danske Bank profit hit by higher costs, low interest rates
Danske Bank’s second-quarter pre-tax profit came in below expectations on Thursday, hit by low interest rates and higher costs associated with compliance following a money-laundering...