Business

ITV, Britain's biggest freetoair commercial broadcaster, reported a 50% drop in adjusted earnings for the first half after the COVID19 pandemic hit advertising revenues and interrupted the production of shows.

Italy's UniCredit confirmed next year's earnings goal on Thursday after reporting a smallerthanexpected drop in secondquarter profit, as trading gains and cost cuts helped offset weakening revenues.

The United States sent a shipment of crude to Saudi Arabia in June, data from the U.S. Census Bureau showed on Wednesday, in what appears to be the first such delivery since the U.S. ban on crude exports ended in 2015.

U.S. glass manufacturer OI Glass Inc is seeking to seize an oil tanker owned by Venezuela to collect part of a $500 million arbitration award it won after the 2010 expropriation of two manufacturing plants, according to a summons filed with a Singapore co...

Gold prices rocketed to a new record high on Wednesday after smashing past $2,000 for the first time, as a weaker dollar and falling returns on U.S. bonds drove investors to hoard the safehaven metal.

Thomson Reuters Corp reported higherthanexpected second quarter profit on Wednesday and reaffirmed its 2020 forecast in the face of global market uncertainty.

Israelbased Teva Pharmaceutical Industries reported a slightly smaller thanexpected fall in secondquarter profit on Wednesday, as higher profitability in North America partially offset lower profit margins in Europe.

Japanese Economy Minister Yasutoshi Nishimura said on Wednesday this week's TPP11 meeting would be a good opportunity to tell the world that promoting free trade will be an important part of the economic recovery from the coronavirus crisis.

The volume of retail sales in the euro zone rebounded in June to levels recorded in February before lockdowns, official estimates showed on Wednesday, completing a recovery that began in May after record drops in March and April.

South Africa's diamond industry, famed for sales the world over and supplying gems for the British crown jewels, is looking closer to home to revive its fortunes following the coronavirus slump.

Britain's Metro Bank swung to a 240 million pound ($314 million) first half loss on Wednesday after it took provisions to cover coronavirus crisisrelated loan impairments.

German logistics group Deutsche Post AG reported a bigger rise in secondquarter operating profit on Wednesday than when it originally published preliminary figures last month as it benefits from a big rise in ecommerce during the pandemic.

Exxon Mobil Corp told employees it would begin suspending the employer match to retirement savings plans beginning in early October, said sources who received a message from the company on Tuesday.

Virgin Australia Holdings Ltd plans to cut a third of its workforce as part of an overhaul to focus on being a domestic and shorthaul international Boeing Co 737 operator under prospective new owner Bain Capital.

A bipartisan group of state attorneys general urged the U.S. government on Tuesday to allow other companies to make Gilead Sciences' COVID19 treatment, remdesivir, to increase its availability and lower the price of the antiviral drug.

Gold prices hit an alltime high on Tuesday after a top U.S. Senate Democratic leader said that Democrats and the White House were closer to an agreement on the stimulus bill to help the virushit economy.