Commodities, China stocks lick wounds after brutal July

LONDON - Commodities and China investors waved a relieved goodbye to July on Friday following a brutal sell-off that has revived fears about the global economy and overshadowed more encouraging news from the U.S. and Europe.

Recent Business News

Honda profit up 20 percent as robust U.S. sales, weak yen offset quality costs

TOKYO - Honda Motor Co said on Friday its quarterly net profit jumped 20 percent, beating estimates, as strong sales in the United States and a weak yen helped it absorb the impact of higher quality-related costs.

3:31am EDT

Uber to invest $1 billion in India to expand services

- Uber Technologies Inc [UBER.UL] will invest $1 billion in India in the next nine months, as the online taxi-hailing company looks to expand its services in its biggest market outside the United States.

4:32am EDT

Amgen profit tops Street view, boosts full-year forecast

- 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.

30 Jul 2015

Hedge fund Elliott eyes fresh market turbulence

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.

30 Jul 2015

GE may ship $10 billion in work overseas as U.S. trade bank languishes

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.

U.S., Global Energy News 30 Jul 2015


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