China, Germany defend business with Iran in face of U.S. threats
China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump’s warning that any companies trading with the Islamic Republic would be barred from the United States.
Factbox: European companies respond to latest Iran sanctions
New U.S. sanctions against Iran took effect on Tuesday and President Donald Trump, who defied Washington’s allies to impose them, pledged that companies doing business with Tehran would be barred from doing business with the United States.
CVS Health profit beats on higher prescription drug sales
Drugstore retailer CVS Health Corp’s adjusted quarterly profit topped analyst estimates on Wednesday as it sold more prescription drugs at its stores, sending its shares up 3.4 percent in premarket trading.
Toyota recalls 20,702 cars in Russia over airbag issue: regulator
Russia’s standards agency said on Wednesday it had been informed about the recall of 20,702 Toyota cars sold between March 2010 and May 2015.
Thomson Reuters second quarter revenue rises 2 percent
Thomson Reuters Corp on Wednesday reported a 2 percent rise in quarterly revenue and reaffirmed its 2018 forecast, saying it was on track for a “solid” year.
Fox’s formal bid opens final chapter of Sky battle with Comcast
Twenty-First Century Fox Inc has triggered a 46 day deadline to raise its bid for Sky in a battle with Comcast for control of the British pay-TV group.
U.S. sanctions threat hurts Russian banks, rouble
The rouble weakened and shares in Russia’s top lenders Sberbank and VTB fell on Wednesday after the Kommersant daily said they could be banned from operating in the United States under proposed U.S. sanctions legislation.
Lead candidate to head Air France-KLM is Air Canada’s COO: Le Monde
Air France-KLM’s nominations committee has picked Benjamin Smith, Air Canada’s chief operating officer, as its preferred candidate to head the airline, French newspaper Le Monde reported on Wednesday.
Glencore reports record earnings, higher costs too
Glencore reported a 23 percent rise in first-half core earnings on Wednesday, just below analyst forecasts, as higher costs and lower prices for cobalt and other products ate into profits.
IKEA tackles high taxes to keep prices low for Indian shoppers
IKEA is looking to keep prices even lower in India than it typically does elsewhere when it opens its first store in the country on Thursday, overcoming high taxes on imported goods as it woos cost-conscious shoppers unaccustomed to DIY furniture.
