Exxon Mobil Corp’s plan to accelerate asset sales, a way of delivering needed cash to finance shareholder returns and major projects, is getting off to a slow start as oil companies pull back on big deals.
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 it reported a plunge in second-quarter earnings on Tuesday.
China’s Huawei Technologies said on Tuesday revenue in the first half of the year grew 23.2% – faster than a year ago – despite an intense U.S. campaign against it that ultimately became a trade ban from mid-May.
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 its vessels, the British company’s Chief Financial Officer Brian Gilvary said on Tuesday.
The global telecoms industry on Tuesday demanded access to the high-capacity spectrum it says it needs to support data-intensive 5G services, accusing the space lobby of hogging frequencies in a way that could stunt the technology.
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, lifting its shares.
China’s Huawei Technologies said on Tuesday revenue in the first half of the year grew 23.2% – faster than a year ago – despite an intense U.S. campaign against it that ultimately became a trade ban from mid-May.
BP’s second quarter profits easily beat expectations as a strong increase in oil and gas production helped offset weaker crude prices.
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 its vessels, the British company’s Chief Financial Officer Brian Gilvary said on Tuesday.
China’s Huawei Technologies cemented its dominance of the domestic smartphone market in the second quarter, with shipments and market share rising, as Chinese customers backed the embattled firm amid its trade fight with the United States.
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 an intense U.S. campaign against it that ultimately became a trade ban from mid-May.
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 in more than 10 years, supporting fuel demand growth in the world’s biggest oil user.
BP reported $2.8 billion in second-quarter profit on Tuesday, unchanged from a year earlier, held back by lower oil prices.
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 business.
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 market would likely remain challenging until at least the year’s end.
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