Bank of England cuts interest rates for first time in over four years
The central bank’s decision was viewed by markets as being on a knife-edge despite inflation reaching target.
Rolls-Royce shares soar to all-time high on reinstated dividend, raised profit guidance
Shares of Rolls-Royce jumped to an all-time high after the company reinstated its dividend and raised its profit forecast.
Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program
Shell on Thursday posted stronger-than-expected second-quarter profit after issuing a warning over lower fossil fuel prices and refining margins.
Barclays profit dips in the second quarter, beats estimates
The British lender is undergoing a major restructuring program in a bid to boost profits.
CNBC Daily Open: Fed signals rate cut; U.S. stocks soar; oil gains as Middle East tensions rise
The Fed kept its benchmark rate steady at 5.25% to 5.50%, but Chair Jerome Powell signaled the U.S. central bank could cut rates in its September meeting.
China holds back on more stimulus, citing necessary ‘pain’
China is not planning additional stimulus for the second half of the year, according to officials from the economic planning agency and finance ministry.
Toyota first-quarter profit jumps 17% on weak yen, matches expectations
Toyota Motor said on Thursday it posted a 17% rise in first-quarter operating profit.
‘Internal battle’ in Modi’s BJP on whether India needs Chinese investments, Natixis chief Asia economist says
India has ambitious plans to become a manufacturing powerhouse in Asia, but it might not be able to do so without Chinese investments, experts said.
World’s first major AI law enters into force — here’s what it means for U.S. tech giants
The European Union’s landmark artificial intelligence law officially enters into force Thursday — and it means tough changes for American technology giants.
Tensions high in Venezuela after contested election, with more arrests feared
Shops and public transport across Venezuela shut down because of tensions over a fiercely disputed presidential election and rumors of more opposition arrests.
