Coca-Cola meets second-quarter revenue expectations, ups 2019 forecast
Coca-Cola Co on Tuesday broadly met second-quarter revenue expectations after eight consecutive beats and raised its revenue forecast for the full year on the strength of demand for its sparkling soft drinks and coffees.
Biogen profit rises 72% on multiple sclerosis therapy sales
Biogen Inc posted a 72% rise in quarterly profit and lifted its 2019 earnings forecast on Tuesday, boosted by higher sales of its top-selling multiple sclerosis therapy Tecfidera.
Hasbro results beat on higher demand for ‘Avengers: Endgame’ toys
Toymaker Hasbro Inc beat estimates for quarterly results on Tuesday, boosted by higher demand for action toys following the success of “Avengers: Endgame” and Magic: The Gathering collectible card game.
LG Display aims to diversify suppliers due to South Korea-Japan spat
LG Display Co Ltd on Tuesday said it is looking to diversify its supplier base in case a diplomatic spat sees Japan extend export curbs on display-making materials bound for South Korea.
Carmakers drive Europe higher, Johnson batters sterling
A wave of central bank easing and positive soundings from the earnings season buoyed world stocks on Tuesday, while Britain’s pound fell before the expected confirmation of hard-Brexit advocate Boris Johnson as the country’s prime minister.
Oil edges further above $63 on Mideast tensions
Oil edged further above $63 a barrel on Tuesday, supported by rising tensions in the Middle East after Iran’s seizure of a British tanker last week, although signs of faltering demand capped gains.
Top investors lose $1 billion as China’s Nasdaq-style board reverses on day two
The biggest shareholders in China’s new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade on Tuesday, a day after the board’s roaring debut created three new billionaires.
LG Display says to diversify suppliers due to South Korea-Japan spat
South Korea’s LG Display Co Ltd said it is looking to diversify its supplier base as it prepares for expanded trading curbs from Japan on some display-making materials which threaten to impact the broader tech industry.
Diversity helps UBS defy banking gloom with profit rise
UBS delivered its best second-quarter results in nearly a decade on Tuesday, as strength in Swiss retail and corporate banking helped to offset weakness in wealth management.
China’s BAIC buys 5% Daimler stake to cement alliance
China’s Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler , cementing their long-standing alliance after China’s Geely emerged as a potential rival by also taking a stake in the German automaker.
