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by Swissquote Analysts
The Food and Drug Administration said "data manipulation" took place during company studies of Zolgensma, the world's most expensive drug, but officials said the gene-therapy product still should stay on the market. The medicine, which costs in the range of $2.1 million for a one-time infusion,...
07.08.2019
HSBC Holdings PLC plans to slash thousands of jobs and slow investment spending after the surprise ouster of Chief Executive John Flint. Up to 2% of the bank’s 237,685 employees could lose their jobs, a bank executive said Monday, as HSBC flagged a worsening outlook for the global economy in its...
06.08.2019
Topic of the day Profit and revenue fell at Exxon Mobil Corp. in the latest quarter, while upstream liquids production increased, driven by growth in the Permian Basin. The Irving, Texas-based oil company reported Friday a second-quarter profit of $3.13 billion, or 73 cents a share, down from $3...
05.08.2019
German industrial giant Siemens AG (SIE.XE) on Thursday said a significantly weaker market environment was hurting its key industrial businesses as the company reported a decline in profit for its third quarter. The maker of high-speed trains and wind turbines was the latest to warn about the...
02.08.2019
Apple Inc. countered another quarter of weak iPhone sales with strong revenue growth from its supporting businesses, the latest in a series of positive results from Silicon Valley's tech titans. Revenue rose 1% to $53.81 billion for the three months ended June 29, Apple said Tuesday, an...
31.07.2019
The Bank of Japan left its policy unchanged on Tuesday, separating itself from other major central banks that are preparing to cut interest rates in a pre-emptive step against risks to their economies. However, the Japanese central bank said it “will not hesitate to take additional easing...
30.07.2019
The Justice Department approved T-Mobile US Inc.'s merger with Sprint Corp. after the companies agreed to create a new wireless carrier by selling assets to satellite-TV provider Dish Network Corp. The landmark antitrust agreement seeks to address concerns that the combination of T-Mobile, the...
29.07.2019
Google's parent overcame recent challenges to post strong earnings as an impending antitrust investigation threatens to choke the search giant's online-advertising spigot. Alphabet Inc. reported revenue of $38.9 billion, up 19% over the same period last year. The metric beat analyst expectations...
26.07.2019
Swiss pharma giant Roche Holding AG (ROG.EB) on Thursday said its net profit rose in the first half, and raised its sales outlook for the year. After-tax profit grew in the first half to 8.9 billion Swiss francs ($9.0 billion) from CHF7.5 billion in the same period a year earlier. First-half...
25.07.2019
China's state-owned Beijing Automotive Group Ltd has acquired a stake of 2.48% in Daimler AG with an option to raise it to 5%, bringing Chinese ownership of one of Germany's flagship companies to around 15%. BAIC, which is Daimler's Chinese joint venture partner, announced the deal on Tuesday,...
24.07.2019
 
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