July 22, 2019

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 the […]
July 22, 2019

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 biggest […]
July 22, 2019

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 a […]
July 22, 2019

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 Gulf, […]
July 22, 2019

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 Middle […]
July 22, 2019

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 will […]
July 22, 2019

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 hospital […]
July 22, 2019

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 U.S. […]
July 22, 2019

Oil outlook sours as sanctions, global tensions fail to bring out bulls

Sentiment in the oil market has shifted dramatically in recent days, with hedge funds, producers and traders all taking a more bearish tack in response to […]
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