Page 1069 - Reuters

Samsung Electronics forecasts strong chip demand as Q2 profit jumps

The world's top maker of memory chips and smartphones posted a 54% jump in operating profit for the second quarter, its strongest result in more than two years

Oil prices slip but remain near $75 after large inventory drawdown

Brent crude oil futures fell 5 cents, or 0.1%, to $74.69 a barrel by 0108 GMT while US West Texas Intermediate (WTI) crude oil futures slipped by 4 cents, or 0.1%, to $72.35 a barrel.

US economic recovery on track despite Covid-19 surge: Federal Reserve

The Fed also said that higher inflation remained the result of "transitory factors," meaning it was not an imminent risk

Oil settles near $75; sharp US inventory drop counters coronavirus worry

Oil settled near $75 a barrel on Wednesday after data showed US crude inventories fell more sharply than analysts had forecast

Tesla hikes prices of Model 3, Model Y in US; holds line in China

Tesla showed signs this week of divergent strategies in the world's two biggest automotive markets, raising prices to boost profit margins in the United States while keeping prices steady in China

WhatsApp privacy case must be decided in a month, says EU watchdog

EU privacy watchdog EDPB on Wednesday gave the Irish data protection agency a month to issue a long-delayed decision on compliance by WhatsApp after its peers objected to its draft finding

Thermo Fisher cuts 2021 Covid-19 test sales forecast by $900 million

The company, one of the major providers of coronavirus tests, benefited from strong demand during the pandemic

Tesla hikes electric car prices in US to boost profit; holds line in China

Tesla posted record vehicle deliveries in the second quarter, and the price increases in North America boosted quarterly profits to a record.

United States goods trade deficit widens; inventories increase

The report was published ahead of Thursday's advance second-quarter gross domestic product data.

Online brokerage Robinhood's meme stock status fuels IPO uncertainty

The trading app's monthly active users surged from 11.7 million at the end of December to 21.3 million as of the end of June

Boeing posts first profit in almost two years helped by 737 MAX deliveries

Boeing Co on Wednesday posted its first quarterly profit in almost two years, as deliveries of its best-selling 737 MAX jets to airlines gained traction amid a sharp rebound in travel bookings

Barclays pays out more than $1 billion to investors as profits rebound

Barclays shares were up 3% at 1130 GMT.

Majority in India's big states with Covid-19 antibodies, finds survey

As of Wednesday, a total of 440 million Indian adults had received at least one COVID-19 shot, with just over 10% of its eligible population fully vaccinated.

Boeing posts first profit in about 2 years, propelled by 737 MAX deliveries

Boeing shares were up 3.8% in premarket trading following the results

China stock market rout slows, investor focus locked on Fed decision

Hong Kong's benchmark added 1.5%, but remained near nine-month lows.

In spats with Twitter, India's government begins messaging shift to Koo

The most high-profile example has been India's new IT minister Ashwini Vaishnaw.

Spotify's quarterly revenue beats estimates, paid subscribers rise 20%

The music streaming company reported a 20% jump in paid subscribers for its premium service driven by demand in Europe and North America.

Oil prices rise to $75 as US inventory drop counters virus worry

A rising number of coronavirus cases worldwide, despite vaccination programmes, has limited the upside for oil and remains a concern.

After Flipkart, Amazon files appeal at Supreme Court in antitrust probe

Details of Amazon's plea were not immediately clear. The Supreme Court website showed the case listing of an appeal, without giving further details.

IT firm Capgemini raises 2021 targets on booming tech demand

French peer Dassault Systemes and U.S. rival Accenture also raised their 2021 forecasts