Asian shares edged higher on Thursday, tracking some modest Wall Street gains after the U.S. Federal Reserve cut interest rates as expected but offered mixed signals on the next easing, keeping investors cautious.
Airbnb Inc took in more than $1 billion in revenue for the second quarter of 2019, the second time it exceeded that level in its decade-plus history, the home rentals company said in a statement on Wednesday.
U.S. President Donald Trump and the state of California went to war on Wednesday over who should set the standards in the United States for vehicle emissions and electric cars, foreshadowing a legal battle over environmental policy issues that will affect the auto industry and consumers.
Asian shares turned lower on Thursday after the U.S. Federal Reserve cut interest rates as expected but signaled a higher bar to further policy easings.
Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match for low-cost drones and cruise missiles used in a strike that crippled its giant oil industry.
Saudi Arabia will restore its lost oil output of 5.7 million barrels per day (bpd) by the end of September and has managed to recover oil supplies to the levels they were at prior to weekend attacks on its facilities by drawing from oil inventories.
Oil prices dropped about 6% on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil production hit by an attack this weekend that shut 5% of global oil output.
U.S. Vice President Mike Pence on Tuesday said he believed Congress would act to pass a new U.S.-Mexico-Canada free trade agreement this year, providing important momentum for the U.S. economy.
The chief executive of Russian state-controlled shipping giant Sovcomflot, Sergei Frank, will step down after 15 years in office, the office of Deputy Prime Minister Maxim Akimov said in a statement on Tuesday.
At a weapons exhibition in July in Yemen's Houthi-controlled capital Sanaa, military officials whipped silken sheets off what they said were newly-developed drones and missiles.
At an event hosted by Citigroup Inc this month, its dealmakers sat executives from major consumer-product companies alongside rivals trying to disrupt their businesses.
Oil prices dropped sharply on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil production after having been hit by an attack this weekend that shut 5% of global oil output.
Half of Saudi Arabia's crude production cut during Saturday's attack has been restored in the past two days, the kingdom's energy minister said Tuesday.
Viacom chief executive officer Bob Bakish says he's not worried about competition in the streaming space, on the heels of its merger with CBS.
Bob Bakish, the head of a newly combined CBS and Viacom, said he was "disappointed" by both stocks' reaction to the recent deal.