Oil major BP posts 70% drop in second-quarter profit, raises dividend by 10%
Oil majors have failed to match the bumper profits posted during the same period of last year amid weaker commodity prices.
Daimler Truck hits double-digit return on sales in industrial business
Incoming orders were nevertheless down by 12% in the first half of the year, results showed.
China should act decisively to pull ‘sputtering’ economy back from the brink, says Cornell professor
Beijing doesn’t want to send a signal that it is in “panicky mode yet,” as policymakers want to show confidence that “they can manage the economic situation.”
From Washington to Warsaw, a ‘greenlash’ is picking up steam despite extreme heat
Reprisals over climate policies come at a time of extreme heat.
Australia’s central bank leaves rates unchanged at 4.1%
The Australian central bank has hiked interest rates by a cumulative 400 basis points since May last year to its highest in 11 years.
HSBC net profit more than doubles in the first half, announces $2 billion share buyback
Net profit for the first half stood at $18.1 billion, while revenue for the same period came in at $36.9 billion.
Country Garden shares drop 5% after reporting it scrapped $300 million share sale
Chinese property stocks slid Tuesday, after Country Garden scrapped its $300 million primary share placement.
China’s July factory activity swings back to contraction, Caixin PMI shows
The Caixin survey showed manufacturing output shrank for the first time in six months while new orders saw the quickest reduction since December.
India is said to be an ‘oasis’ in the desert. Here are some sectors to watch for
Analysts highlighted financials, fast moving consumer goods, manufacturing and health care as ways to cash in on that boom.
Asia markets mixed as private survey showed China’s factory activity fell in July
Investors will also be watching the Reserve Bank of Australia, which is expected to hike rates again today.
