Singapore bank OCBC Q2 earnings rise; sees rate cuts from 2024
(Reuters) -Singapore’s second-biggest lender Oversea-Chinese Banking Corp (OCBC) on Friday posted a 34% rise in second-quarter net profit, in line…
Asian shares meander, dollar wobbles ahead of US payrolls
(Reuters) – Asian shares inched higher on Friday, while the dollar retreated from a one-month peak as investors assessed U.S.…
Apple sees sales slump continuing, shares drop 2% despite beating sales expectations
(Reuters) – Apple on Thursday forecast that a sales slump would continue into the current quarter, sending shares down despite…
Maersk warns of slower demand for container shipping
(Reuters) – Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by…
Tesla China sales slide in July
According to data released by the China Passenger Car Association (CPCA) on Thursday, Tesla (NASDAQ:TSLA) sold 64,285 Chinese electric vehicles…
Adidas has around 100 stores left to get rid of in Russia, CEO says
(Reuters) -Adidas is still in the process of getting rid of around 100 stores as the German sportswear firm works…
Oil prices rebound as bullish inventory draw helps risk sentiment
Crude oil prices rebounded Thursday after the previous session’s sharp losses, as worries over tight global supplies offset the hit…
Gold sinks as dollar surges on strong payrolls data
Gold prices edged lower on Thursday and were nursing steep losses for the week as signs of a resilient U.S.…
Canada Goose beats sales expectations as China demand thrives, US recovers
(Reuters) -Canada Goose Holdings beat Wall Street estimates for quarterly revenue on Thursday, bolstered by a strong rebound in China…
Bank of England raises borrowing costs to 15-year peak, signals rates to stay high
(Reuters) – The Bank of England raised its key interest rate by a quarter of a percentage point to a…