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Wells Fargo posts higher profit on cost controls, rise in loans

39 mins ago DieselGasoil Comments Off on Wells Fargo posts higher profit on cost controls, rise in loans
(Reuters) – Wells Fargo & Co (WFC.N) reported higher quarterly profit on Tuesday despite flat revenue as the bank benefited from aggressive cost-cutting. FILE PHOTO: A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake/File Photo Revenue declined at Wells’ community bank and wholesale bank as net interest Read More

Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook

2 hours ago DieselGasoil Comments Off on Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook
(Reuters) – Johnson & Johnson (JNJ.N) raised its full-year sales forecast as demand for its cancer drugs Darzalex and Imbruvica helped it exceed estimates for second-quarter profit on Tuesday. The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, Read More

India to push Japan out of world’s top 3 economies by 2025

5 hours ago DieselGasoil Comments Off on India to push Japan out of world’s top 3 economies by 2025
India is projected to outpace the UK by the end of the year to become one of the world’s top five economies. It will then take it just six more years to overtake Japan as the world’s third largest economy, a new study suggests. India’s gross domestic product (GDP) is expected to reach $5.9 trillion Read More

Asian shares creep higher as wary investors await U.S. data, earnings

7 hours ago DieselGasoil Comments Off on Asian shares creep higher as wary investors await U.S. data, earnings
SHANGHAI (Reuters) – Most Asian stock markets rose on Tuesday, but gains were limited as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely U.S. rate cut later this month. FILE PHOTO: The German share price index DAX graph is pictured at Read More

High and dry: Alpine resorts grapple with climate change

7 hours ago DieselGasoil Comments Off on High and dry: Alpine resorts grapple with climate change
AROSA, Switzerland (Reuters) – The prospect of searing heatwaves driving holidaymakers to cool mountains and children asking grandparents about their memories of snow is focusing minds in Alpine ski resorts on the implications of climate change. Parts of the Gurschengletscher glacier are covered with tarps in Andermatt, Switzerland July 5, 2019. REUTERS/Arnd Wiegmann With global Read More

Experian’s quarterly revenue rises 4% on North America boost

8 hours ago DieselGasoil Comments Off on Experian’s quarterly revenue rises 4% on North America boost
FILE PHOTO: The corporate logo of information services company Experian is seen at the opening of its data lab in San Diego, California April 12, 2016. REUTERS/Mike Blake/File Photo (Reuters) – Experian, the world’s biggest credit data company, reported a 4% rise in revenue on Tuesday, benefiting from higher business across automotive, health, business credit Read More

Oil steady as U.S resumes Gulf of Mexico output amid signs of further supply

10 hours ago DieselGasoil Comments Off on Oil steady as U.S resumes Gulf of Mexico output amid signs of further supply
TOKYO (Reuters) – Oil prices were steady on Tuesday after falling in the previous session as output in the U.S. Gulf of Mexico resumed after Hurricane Barry swept through over the weekend and as U.S. shale production is expected to rise to a record. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Read More

Asian shares inch up as cautious investors await U.S. data, earnings

11 hours ago DieselGasoil Comments Off on Asian shares inch up as cautious investors await U.S. data, earnings
SHANGHAI (Reuters) – Major Asian equity indicators nudged higher on Monday as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world’s biggest economy, with markets remaining focused on a likely U.S. rate cut this month. FILE PHOTO: A man looks at a stock quotation board outside a brokerage Read More

Asian shares tick up, U.S. data, earnings in focus ahead of Fed

13 hours ago DieselGasoil Comments Off on Asian shares tick up, U.S. data, earnings in focus ahead of Fed
SHANGHAI (Reuters) – Asian shares inched up on Tuesday as traders awaited U.S. retail sales data and more corporate earnings to gauge the health of the world’s biggest economy, with markets remaining focused on a likely U.S. rate cut by the end of the month. FILE PHOTO: A man looks at a stock quotation board Read More