July 31, 2019

Credit Suisse confirms 2019 target after second-quarter net profit jumps 45%

Credit Suisse on Wednesday posted its highest quarterly earnings in four years, confirming its 2019 profitability target after second-quarter earnings jumped 45%. Powered by WPeMatico
July 31, 2019

Roche, Spark extend $4.3 billion takeover again, this time to September 3

Roche and Spark Therapeutics announced another extension of the Swiss drugmaker’s $4.3 billion takeover offer for the U.S. gene therapy specialist as regulatory reviews in the […]
July 31, 2019

With Fed sure to cut rates, Powell on hook to flag next steps

The U.S. Federal Reserve is almost certain to cut interest rates for the first time in more than a decade on Wednesday, delivering a mild jolt […]
July 31, 2019

After $6 billion M&A spree, insurer FWD eyes China foray ahead of potential IPO

Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its non-life business in Asia, its chief […]
July 31, 2019

Samsung says Japanese curbs cloud outlook as profit halves, shares fall

Samsung Electronics warned on Wednesday that Japanese curbs on the export of chip-making materials was blurring its outlook and said it would delay a plan to […]
July 31, 2019

Oil gains a fifth day after U.S. stockpile drop amid rate optimism

Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U.S. inventories and as investors awaited a widely expected cut in […]
July 31, 2019

U.S., China meet for trade talks as Trump talks tough

Top U.S. and Chinese trade officials met in Shanghai on Wednesday for talks in a bid to end a year-long trade war, despite low expectations for […]
July 31, 2019

Apple’s services, wearables shore up results as iPhone drops below half of sales

Apple Inc iPhone sales dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday described […]
July 31, 2019

U.S. negotiators need to show ‘sincerity’ in Shanghai talks: China state media

Negotiators from the United States should show “sincerity” and temper expectations as they begin a new round of talks with Chinese counterparts to ease trade tensions […]
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