Finance

Heat Wave Pushes Up Prices As Hens Lay Fewer Eggs

Scorching temperatures in eastern China have pushed up egg prices because hens are laying fewer in a hotter-than-usual s... Read more

I'm Buying Manchester United, Elon Musk Tweets

Elon Musk, the world's richest person, on Tuesday tweeted that he was buying football club Manchester United, without of... Read more

US Stocks End The Day Mixed After Choppy Session

US equities went for a ride on Tuesday, ending the day mixed after bouncing around for most of the session as investors ... Read more

US Stocks End Higher As Megacaps Rally

US stocks rose on Monday with megacap growth shares, extending the market's recent rally amid investor optimism the Fede... Read more

Factory Output In China Sees Slower Growth

Factory output and retail sales in China posted slower growth in July. According to data from the National Bureau of ... Read more

Aramco Unveils Record $48.4 Billion Profit In Q2

Oil giant Saudi Aramco on Sunday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia's ... Read more

US Stocks Post Weekly Gains On Better Inflation Data

Wall Street stocks concluded a positive week on a winning note, rising on Friday on improving investor sentiment followi... Read more

Hong Kong Further Cuts Annual GDP Forecast

Hong Kong authorities on Friday further cut the city's GDP forecast for the year, saying that economic growth could slip... Read more

Huawei Says Sales Down But New Ventures Growing

Tech giant Huawei said on Friday its revenue fell in the first half of 2022 but new ventures in autos and other industri... Read more

Hong Kong Shares Finish On Front Foot

Hong Kong stocks ended the week on a positive note on Friday, extending the previous day's rally as traders grow hopeful... Read more

UK Economy Closes In On Recession

Britain's economy shrank in the second quarter, official data showed on Friday, as it heads towards recession. UK gro... Read more

US Stocks End Mixed As Wall Street Loses Momentum

A rally in US stocks petered out on Thursday, with markets ending mixed as analysts weighed encouraging inflation news a... Read more

US Wholesale Prices Slow Sharply In July

A steep plunge in energy costs last month caused US wholesale prices to cool sharply in July, according to government da... Read more

Interim Profit At MTR Up 77 Percent

The MTR Corporation on Thursday reported a 77 percent jump in first-half profit thanks to strong earnings from several p... Read more

Inflation Data Gives Wall Street A Boost

The Nasdaq and S&P 500 surged 2 percent on Wednesday after data showed US inflation slowed more than expected in Jul... Read more