SINGAPORE/TOKYO - Asian shares inched higher on Friday but were still set to post a loss for July, led by China's biggest monthly drop in six years.
Recent Business News
- Amgen Inc on Thursday reported higher-than-expected second-quarter profit and revenue, helped by strong sales of its Enbrel rheumatoid arthritis drug and cost cutting, and the company raised its full-year forecasts.
WASHINGTON - U.S. economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. | Video
BOSTON/NEW YORK - Paul Singer's $27 billion hedge fund Elliott Associates is worried about Europe's prospects and is bracing for fresh market turbulence.
- Uber Technologies Inc [UBER.UL] will invest $1 billion in India in the next nine months as the online ride hailing company is bullish on the Indian market.
WASHINGTON - General Electric Co is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export-Import Bank will be shuttered at least until September, the industrial giant's global operations boss told Reuters on Thursday.