Goldman Sachs' equities-backed earnings results may pressure

Goldman Sachs' equities-backed earnings results may pressure

Booming stock markets around the globe helped Goldman Sachs Group Inc offset declines in other businesses last quarter, but those gains may not be sustainable, analysts said.

Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes - sources

Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes - sources

Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.

Oil edges lower after rise in U.S. gasoline stocks

Oil edges lower after rise in U.S. gasoline stocks

Oil edged lower Wednesday unable to shake off the downbeat mood of the last two days in response to a sharp rise in U.S. stockpiles of products like gasoline, pointing to weak demand during the summer driving season in the United States.

Truckmaker Volvo lifts market view, picks Samsung for batteries

Truckmaker Volvo lifts market view, picks Samsung for batteries

Sweden's AB Volvo raised its market forecasts for North America and Europe on Thursday, as higher trucks and construction equipment deliveries helped it to top profit estimates.

Volvo Cars to cut costs as trade war dents profits

Volvo Cars to cut costs as trade war dents profits

Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability.

U.S. solar sector launches lobbying push to preserve key subsidy

U.S. solar sector launches lobbying push to preserve key subsidy

The U.S. solar industry on Wednesday kicked off a lobbying push aimed at convincing Congress to extend a generous tax credit for solar energy systems that is set to begin phasing out next year.

Australian developer LendLease lands $15 billion project with Google; shares surge

Australian developer LendLease lands $15 billion project with Google; shares surge

Australia's LendLease Group on Thursday said it secured a contract with Alphabet Inc's Google to develop $15 billion worth of residential and retail space in Silicon Valley, sending the builder's stock to a more than eight-month high.

Chinese cameras continue to watch US military bases

Chinese cameras continue to watch US military bases

The Hikvision equipment is still being used just weeks ahead of a federal ban

Stocks wobble on trade, earnings unease; U.S. Treasury yields fall

Stocks wobble on trade, earnings unease; U.S. Treasury yields fall

Asian shares edged lower on Thursday as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, which helped underpin solid demand for safe-haven U.S. Treasuries.

Crude futures steady after fall on U.S. oil products stocks gain

Crude futures steady after fall on U.S. oil products stocks gain

Oil prices steadied on Thursday after falling in the previous session when official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season.

Asian stocks wobble, bond yields fall on earnings woes, trade worries

Asian stocks wobble, bond yields fall on earnings woes, trade worries

Asian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, helping to underpin solid demand for safe-haven U.S. Treasuries.

Crude futures fall after strong build in U.S. oil products stocks

Crude futures fall after strong build in U.S. oil products stocks

Oil prices fell on Thursday, extending declines into a fourth day, after official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season.