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Headlines from the Associated Press

Headlines from the Associated Press

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World shares gain on strong earnings, dovish Fed policy

Thu, 27 Jul 2017 08:47:54 GMT2017-07-27T08:47:54Z

TOKYO (AP) -- Global shares were mostly higher Thursday, supported by strong corporate earnings and the Federal Reserve's decision to pause its slow-moving campaign to raise interest rates. Asian shares got a boost from Samsung's report of record quarterly profit and sales....

Amazon reaches for millions in Southeast Asia's cyberspace

Thu, 27 Jul 2017 08:24:27 GMT2017-07-27T08:24:27Z

SINGAPORE (AP) -- Amazon has introduced express delivery in Singapore in its first direct effort to win over Southeast Asian digital natives and new internet users....

Foxconn: World's No. 1 contract electronics maker

Thu, 27 Jul 2017 08:13:11 GMT2017-07-27T08:13:11Z

HONG KONG (AP) -- Taiwan-based contract manufacturer Foxconn Technology Group says it plans to build a $10 billion plant in Wisconsin to make liquid-crystal display panels, or LCDs. Little known to consumers, the maker of iPhones and other gadgets is a giant in the electronics industry thanks to its dominant position in the global manufacturing supply chain....

Nissan sales up but profit dips on costs, China slowdown

Thu, 27 Jul 2017 08:06:04 GMT2017-07-27T08:06:04Z

TOKYO (AP) -- Japanese automaker Nissan Motor Co. says that despite strong overall sales its quarterly profit dipped, squeezed by rising costs and slowing growth in China....

Repsol earnings rise on higher production, efficiencies

Thu, 27 Jul 2017 08:02:11 GMT2017-07-27T08:02:11Z

MADRID (AP) -- Spanish energy company Repsol says strong production and efficiency improvements drove a 65.3 percent increase in net profit in the first half of the year....

Profit soars for brewer AB Inbev after merger with SABMiller

Thu, 27 Jul 2017 07:47:35 GMT2017-07-27T07:47:35Z

BRUSSELS (AP) -- Anheuser-Busch InBev, the world's largest brewer, says its net profit soared to $1.5 billion (1.28 billion euros) in the second quarter of 2017 from $152 million (129 million euros) in the same period a year earlier, before its merger with rival SABMiller....

Oil and gas finds pump up Repsol's earnings in 1st half

Thu, 27 Jul 2017 07:39:09 GMT2017-07-27T07:39:09Z

MADRID (AP) -- Spanish energy company Repsol says new oil and gas findings and efficiency improvements drove a 65.3 percent increase in net profit in the first half of the year....

AstraZeneca revenue down as key drugs lose patent protection

Thu, 27 Jul 2017 07:33:19 GMT2017-07-27T07:33:19Z

LONDON (AP) -- Anglo-Swedish drugmaker AstraZeneca says second-quarter revenue fell amid declining sales of blockbuster drugs Crestor and Seroquel XR, which lost patent protection in the United States last year....

South Korea's economy expands 2.7 percent in 2Q

Thu, 27 Jul 2017 07:07:00 GMT2017-07-27T07:07:00Z

SEOUL, South Korea (AP) -- The Bank of Korea says South Korea's economy grew at a 2.7 percent annual pace during the April-June quarter....

Nestle's 1st-half profit up 19 percent, sales slightly lower

Thu, 27 Jul 2017 06:52:46 GMT2017-07-27T06:52:46Z

BERLIN (AP) -- Swiss food giant Nestle says its first-half earnings were up 19 percent due to a one-time tax expense that impacted profit a year earlier, while sales slipped as a result of divestments and currency issues....