July 24, 2018

Lilly plans Elanco IPO, posts quarterly profit above estimates

Eli Lilly and Co said on Tuesday it would take its Elanco animal health business public and posted a better-than-expected quarterly profit, helped by demand for […]
July 24, 2018

World stocks hit one-month high after tech earnings

Global equity markets hit their highest in a month on Tuesday, as stellar results from Google parent Alphabet underpinned tech stocks and China promised fiscal action […]
July 24, 2018

Philips, Asus, Pioneer and D&M hit with e-commerce fines

Dutch group Philips and three other consumer electronics companies were fined a total 111.2 million euros ($130 million) by EU antitrust regulators on Tuesday for imposing […]
July 24, 2018

Buy yen in crisis? Not this year

The trade is familiar to investors worldwide: in times of turmoil, rush for cover by buying the Japanese yen. Powered by WPeMatico
July 24, 2018

Alphabet boosts Wall Street, pushes Nasdaq to record high

U.S. stock indexes climbed on Tuesday and the Nasdaq hit a new record high as Google-parent Alphabet’s strong quarterly results reaffirmed expectations of a robust earnings […]
July 24, 2018

Italy government delays, amends reform of small lenders

Italy’s government agreed on Tuesday to delay a reform of small banks, slowing an overhaul planned by the former center-left government and backed by the European […]
July 24, 2018

IMF says dollar over-valued, Chinese yuan in line with fundamentals

The International Monetary Fund said on Tuesday that the U.S. dollar is over-valued, China’s yuan is in line with fundamentals and nearly half of global current […]
July 24, 2018

Eli Lilly to take animal health unit public, profit beats estimates

Eli Lilly and Co announced on Tuesday it would take its Elanco animal health business public and posted better-than-expected quarterly profit, helped by demand for its […]
July 24, 2018

Volkswagen poaches BMW engine development expert Duesmann

Volkswagen has recruited BMW engine development and purchasing expert Markus Duesmann, it said on Tuesday, bolstering its management board with a potential candidate for the CEO […]
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