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Archive

World

Wednesday, October 30, 2019

Pfizer lifts profit forecast as results top expectations
World

Pfizer lifts profit forecast as results top expectations

Pfizer lifted its full-year profit forecast Tuesday following a better-than-expected third quarter on growth in its biopharma business. Net income jumped 87 percent to $7.7 billion, boosted by a one-time gain connected to a joint venture transaction with
Published 30 Oct, 2019 12:00am
Global leaders, tycoons flock to Saudi 'Davos in desert'
World

Global leaders, tycoons flock to Saudi 'Davos in desert'

Saudi Arabia drew top finance moguls and political leaders to its Davos-style investment summit Tuesday, in stark contrast to last year when outrage over critic Jamal Khashoggi's murder sparked a mass boycott. Organisers say 300 speakers from over 30 coun
Published 30 Oct, 2019 12:00am
India's IndiGo makes $33 billion mega-order of Airbus jets
World

India's IndiGo makes $33 billion mega-order of Airbus jets

Indian airline IndiGo has placed an order for 300 A320neo family aircraft, Airbus said Tuesday, in one of its largest-ever orders from a single firm, worth over $33.2 billion at catalogue prices. The leading Indian airline said the order would help it to
Published 30 Oct, 2019 12:00am
GM earnings top expectations; forecast cut after strike
World

GM earnings top expectations; forecast cut after strike

General Motors reported better-than-expected quarterly earnings Tuesday on strong auto sales but trimmed its full-year forecast after a lengthy strike that ended last week. The automaker saw net income in the third-quarter drop 7.1 percent to $2.4 billion
Published 30 Oct, 2019 12:00am
US consumer confidence slips, housing stabilizing
World

US consumer confidence slips, housing stabilizing

US consumer confidence fell for a third straight month in October amid concerns about the short-term outlook for business conditions and job prospects, but remained at levels consistent with continued growth in consumer spending. Other data on Tuesday sug
Updated 30 Oct, 2019 06:26am
Syrian and Turkish armies in deadly border clash
World

Syrian and Turkish armies in deadly border clash

The armies of Syria and Turkey traded deadly fire Tuesday for the first time since Ankara launched an anti-Kurdish offensive in early October, as Russia announced Kurdish forces had withdrawn from the border area.
Updated 30 Oct, 2019 06:25am