Oil prices nudged higher on Thursday amid Middle East tensions and after weekly U.S. crude stocks dropped more than expected, but gains were stemmed by a fragile demand outlook on increasing signs of slowing global economic growth.
Anheuser-Busch InBev , the world’s largest brewer, beat earnings expectations in the second quarter after beer sales grew at their fastest pace in five years.
Asian shares rose but struck a more cautious note than a tech-fueled rally on Wall Street, while the euro stayed near two-month lows as soft economic data fueled hopes the European Central Bank could cut rates at its meeting on Thursday.
Tech conglomerate SoftBank Group Corp will invest $40 billion in its forthcoming second Vision Fund, the Wall Street Journal reported on Wednesday.
Oil prices edged higher on Thursday amid lingering Middle East tensions and after U.S. crude stocks dropped more than expected, but gains were stemmed by a fragile demand outlook amid more signs of slowing global economic growth.
Samsung Electronics Co Ltd’s first foldable smartphone, the Galaxy Fold, will go on sale from September in selected markets after the launch was delayed by screen problems earlier this year, the company said on Thursday.
Samsung Electronics Co Ltd’s first foldable smartphone, the Galaxy Fold, will go on sale from September in selected markets after the launch was delayed by screen problems earlier this year, the company said on Thursday.
Citigroup said on Thursday it has hired Curt Engler, a senior executive from JPMorgan’s asset management business in New York, as its Asia Pacific head of equities execution services.
Oil ticked higher early on Thursday after falling in the previous session as more signs of slowing global growth added to demand concerns, with Middle East tensions underpinning prices.
Samsung Electronics Co Ltd said on Thursday its foldable smartphone Galaxy Fold would go on sale from September in selected markets, after the launch was delayed by screen problems earlier this year.
Asian shares were cautious on Thursday, shrugging off a tech-fuelled rally on Wall Street while the euro hovered near two-month lows as soft economic data bolstered expectations of rate cuts in Europe.
Tesla Inc on Wednesday pushed back its profit timeline once again after missing financial targets in the second quarter, while announcing that the pioneer of the company’s electric batteries, J.B. Straubel, was stepping down from his role as chief technology officer.
Xilinx Inc said it had resumed some sales to Huawei Technologies Co Ltd but forecast current-quarter revenue below Wall Street estimates on Wednesday, citing the impact of U.S. restrictions on selling to the Chinese telecommunications firm.
When U.S President Donald Trump tweeted in May his intention to raise tariffs on Chinese goods, management at California-based NewAir Appliances knew they needed to do something or their business would be in trouble.
Tesla Inc on Wednesday missed financial targets in its second quarter despite record deliveries of its electric vehicles, adding that the carmaker will break even this quarter, rather than post a profit.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
