July 20, 2015 10:15 am
Chinese telecoms giant Huawei reported on Monday its best revenue growth in more than five years, helped by solid smartphone sales and unaffected by sluggish economic growth at home. The privately held company said that unaudited first-half revenue jumped by an annualized 30% to CNY 175.9 billion ($28.3 billion). It did not disclose its net […]
Read moreJuly 20, 2015 9:05 am
Natural gas fell on Monday before cooler weather systems impact the US Midwest and Northeast mid-week, but losses were capped by an expected return of above-average temperatures and a leaner inventory build to be reported on Thursday. Natural gas for delivery in August traded 1.50% lower at $2.827 per million British thermal units at 08:42 […]
Read moreJuly 20, 2015 7:36 am
Gold fell to the lowest in more than five years on Monday, extending a fourth week of losses, amid the prospects of the first interest rate hike in the US in almost a decade and after China reported smaller inventories of the precious metal than analysts expected. Gold for delivery in August traded 1.48% lower […]
Read moreJuly 17, 2015 2:54 pm
General Electric Co reported on Friday better-than-expected revenue and adjusted profit in the second quarter as upbeat performance in its power division offset a continued decline in oil and gas. The US conglomerate reported a 5% jump in operating profit from its industrial segment to $4.4 billion on the back of flat revenue at $26.9 […]
Read moreJuly 17, 2015 1:12 pm
Natural gas remained on track to post a sizable weekly gain as very warm to hot conditions across most of the US offset a bearish inventory report by the EIA. Natural gas for delivery in August traded 0.07% higher at $2.856 per million British thermal units at 12:58 GMT, shifting in a daily range of […]
Read moreJuly 17, 2015 12:02 pm
Gold fell for a seventh consecutive session on Friday as the US dollar remained near the highest since early June, while bearish sentiment was further reinforced by the increased likeliness of a US interest rate hike this year. Gold for delivery in August traded 0.09% lower at $1 142.9 an ounce at 11:37 GMT, shifting […]
Read moreJuly 16, 2015 10:03 am
Intel Corp reported a drop in second-quarter profit and revenue on Wednesday but results topped projections and the company forecast a much better performance than analysts expected for the third quarter. The chip maker said that revenue in the three months ended June 27th dropped 4.6% to $13.195 billion from $13.831 billion a year earlier, […]
Read moreJuly 16, 2015 8:45 am
Natural gas was little changed in early European trade on Thursday, holding near Tuesdays 1-month high, as weather forecasts saw no significant overnight changes, calling for very warm to hot conditions over much of the US. Natural gas for delivery in August traded 0.10% lower at $2.915 per million British thermal units at 08:18 GMT, […]
Read moreJuly 16, 2015 7:32 am
Gold fell for a sixth straight session on Thursday after Fed Chair Janet Yellen reaffirmed the likeliness of an interest rate hike this year, which, coupled with better-than-expected US economic data, sent the dollar soaring versus a basket of trading peers. Gold futures for delivery in August traded 0.14% lower at $1 145.8 per troy […]
Read moreJuly 15, 2015 10:09 am
Toyota Motor Corp, the worlds biggest automaker, announced on Wednesday it will recall 625 000 hybrid vehicles globally to fix a software glitch that in rare cases could shut down the cars hybrid system. The latest recall action comes after the Japanese car maker pulled back almost 2.9 million vehicles in late June to replace […]
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