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Updated: 2 hours 25 min ago

Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook

2 hours 58 min ago
Johnson & Johnson hiked its full-year operational sales forecast as strong demand for its cancer drugs Darzalex and Imbruvica helped it beat estimates for second-quarter profit on Tuesday.
Categories: Business News

Founder of Germany's Evonik, Werner Mueller, dies aged 73

2 hours 59 min ago
Werner Mueller, the founder of German chemicals group Evonik and a former economy minister, has died aged 73, the company said on Tuesday.
Categories: Business News

Hong Kong retailers forecast sharp drop in sales as protests rock city

3 hours 3 min ago
Hong Kong retailers said on Tuesday they expect sales for July and August to drop by double-digits from a year earlier due to large and sometimes violent protests that have gripped the Chinese-ruled city for more than a month.
Categories: Business News

Oil gains as Iran tensions outweigh U.S. supply boom

3 hours 4 min ago
Oil prices rose on Tuesday as tensions in the Middle East outweighed the impact of a resumption of production in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply from shale oil.
Categories: Business News

India's Nayara Energy to invest $850 million to build petrochemical plant

3 hours 5 min ago
Russian oil major Rosneft-backed Indian refinery Nayara Energy said on Tuesday it will be investing $850 million to expand into petrochemical.
Categories: Business News

Argentina ranchers kill the fatted cow amid cash crunch, turn to China

3 hours 6 min ago
Argentina's world-famous ranchers are culling their breeding cows at the highest rate in 30 years and tapping Chinese demand for meat in order to help pay their bills as access to credit has dried up for farmers in South American's No. 2 economy.
Categories: Business News

SoftBank-backed Oyo buys shared office startup Innov8 for $30 million

3 hours 14 min ago
Indian hotel startup Oyo said on Tuesday it has bought local co-working venture Innov8, as the SoftBank-backed hospitality chain looks to venture into the commercial real estate business under the brand name Oyo Workspaces.
Categories: Business News

Sensex, Nifty close higher as Tata Motors, Yes Bank surge

3 hours 25 min ago
Indian shares ended higher on Tuesday, led by strong gains in Yes Bank Ltd ahead of its quarterly results, while Tata Motors Ltd saw its best day in nearly two months.
Categories: Business News

Khamenei vows Iran will respond to UK 'piracy' over tanker seizure

3 hours 33 min ago
Iran's supreme leader, Ayatollah Ali Khamenei, said on Tuesday Iran would respond to Britain's "piracy" over the seizure of an Iranian oil tanker in Gibraltar.
Categories: Business News

Abbott to hike production of lower-cost glucose monitors as diabetes soars

3 hours 37 min ago
Abbott Laboratories plans to ramp up manufacturing capacity for its lower-cost continuous glucose monitor, the FreeStyle Libre, by three to five times in the next few years, aiming to reach millions more patients worldwide, the company told Reuters.
Categories: Business News

Ryanair CEO says confident in 'great' Boeing 737 MAX despite delays

3 hours 39 min ago
Ryanair remains confident in the Boeing 737 MAX and believes the plane will be "warmly welcomed" by customers, Chief Executive Michael O'Leary said on Tuesday after he was forced to half the airline's 2020 growth plans due to the plane's grounding.
Categories: Business News

Samsung, SK Hynix ask Korean firm to boost chemicals supply amid Japanese curbs

3 hours 46 min ago
South Korea's Samsung Electronics and SK Hynix have asked a local supplier to the boost supply of a key chipmaking chemical to guard against any production disruptions, an official at the supplier said on Tuesday.
Categories: Business News

Exclusive: UAE plans oil trade overhaul to boost Middle Eastern clout

3 hours 52 min ago
The United Arab Emirates' state-run ADNOC, long seen as one of the most conservative oil firms in the Middle East, plans an overhaul for its trading operations as it seeks to emulate the success of rival oil majors and bolster its regional influence.
Categories: Business News

Turkey says EU funding cuts will not affect its drilling off Cyprus

3 hours 53 min ago
European Union decisions to curb contacts and funding for Turkey will not affect Ankara's determination to drill for gas and oil off Cyprus and Turkey planned to send a fourth ship to the area, the foreign ministry said on Tuesday.
Categories: Business News

DHFL's lenders willing to go extra mile to finalise rescue package: sources

3 hours 54 min ago
Lenders to India's Dewan Housing Finance Ltd (DHFL) are prepared to accept limited haircuts as part of a debt restructuring plan being worked out for the troubled firm, said sources involved in talks.
Categories: Business News

Demand for new designer's ranges lift Burberry sales and shares

3 hours 58 min ago
Strong demand for designer Riccardo Tisci's new fashion ranges helped revenue at British label Burberry grow faster than expected in the first quarter, sending its shares soaring as a high stakes overhaul showed early signs of promise.
Categories: Business News

Bleak German mood weighs on Europe, Brexit pummels pound

3 hours 59 min ago
Darkening German investor morale and fresh Brexit woes cast a shadow over European markets on Tuesday, with German benchmark bond yields coming under pressure and the pound plunging to six month-lows against the euro.
Categories: Business News

Blockchain projects: A status update

4 hours 3 min ago
Banks, exchange operators and other companies are investing billions of dollars to find uses for blockchain, a digital ledger used by cryptocurrencies like bitcoin.
Categories: Business News

India to launch rules to end gas distributors' monopoly in 34 areas

5 hours 30 min ago
The government is set to introduce rules in six months that could lead to the phase-out of monopolies controlled by natural gas distribution companies in 34 cities, including New Delhi and Mumbai, allowing many consumers to choose a new supplier, a senior regulatory official said.
Categories: Business News

Fire at Basra offshore oil export terminal briefly halts crude loading - Iraqi officials

5 hours 32 min ago
A fire at Iraq's southern Basra offshore oil export terminal briefly halted crude loading operations on Tuesday but was put out and loading resumed, Iraqi oil officials said.
Categories: Business News