Author: TraderPlanet TraderPlanet

MADRID (AP) — Spanish energy company Repsol reports that its net income in the first half of this year was 1.55 billion euros ($1.8 billion) — a 46 percent increase on the same period last year and the highest profit posted...

RIYADH, Saudi Arabia (AP) — Saudi Arabia’s state-owned oil company says it’s temporarily halting shipments through a strategic Red Sea shipping lane after Yemen’s Shiite rebels attacked two tankers the previous...

SEOUL, South Korea (AP) — A South Korean company on Thursday backed off its claim to have found a sunken Russian warship with an enormous cargo of gold as financial regulators began investigating whether the outlandish treasure...

SEOUL, South Korea (AP) — Hyundai Motor Co. said Thursday its net profit for the second quarter fell 14 percent over a year earlier due to the South Korean won’s strength against the U.S. dollar. South Korea’s...

BERLIN (AP) — Germany’s foreign minister welcomes an agreement to open talks to tear down trade barriers between the United States and the European Union, which he says show that “the answer to America First can only...

LONDON (AP) — Anglo-Swedish drugmaker AstraZeneca says second-quarter earnings dropped 27 percent as it shifted away from dependence on its former blockbuster drugs and toward new cancer drugs. The company says net income fell...

GENEVA (AP) — Nestle is citing “increased momentum” in the United States and China as the Swiss food and drinks giant reported a 19-percent jump in net profit in the first half of the year. The Vevey,...

LONDON (AP) — Royal Dutch Shell says it plans to repurchase $25 billion of its stock over the next two years after announcing that second-quarter earnings rose 30 percent as energy prices surged. Earnings excluding one-time...

FRANKFURT, Germany (AP) — German automaker Daimler AG said Thursday that its net profit fell 27 percent in the second quarter as the company confronted multiple challenges including trade tensions, weak pricing for its luxury...