S&P reduced long-term credit ratings of a number of US banks. Based on data from the worldwide rating agency S&P Global Ratings, a number of American banks have had their long-term credit ratings reduced. KeyCorp, Comerica Inc., Valley National Bancorp, UMB Financial Corp., and Associated...

Australian supermarkets are expected to post higher full-year profits as decades-high inflation supported shelf pricing; but, economists say that the outlook on consumer behaviour in light of increased borrowing costs and expenses will be crucial.   According to expert projections, major...

Intel has backed out of its $5.4 billion acquisition of Israeli chipmaker Tower Semiconductor after an agreement for the deal expired on August 15 but was never approved by Chinese regulators. After the agreement on the deal expired on August 15th, Intel declined to purchase Israeli semiconductor...

According to the Japanese Foreign Ministry, the assistance will be given via the American Red Cross and the Japan Platform as a measure of relief for the disaster's victims. The Japanese government will provide $2 million in help for those impacted by the devastating fires on the Hawaiian island of...

Carlsberg generated a net profit of $322 million during the first six months of the year. According to the company's financial documents, Carlsberg Group, one of the largest breweries in the world by shareholders, reported a net profit of DKK 3.495 billion ($322 million) in the first half of the...

The specifications of the new electric cars have been streamlined. More affordable versions of Models S and X of Tesla's electric vehicles will go on sale in North America, the business stated on its website. The new electric vehicles feature simpler specs, such as a shorter range and slower...

The business sold more than 5.3 thousand monitors at an inflated price. The Australian federal court fined the local branch of American computer giant Dell $6.5 million for selling displays at an unreasonable premium, said the state commission on protecting competition and consumer rights (ACCC)....

A patriotic appeal to unite the industry and "demolish the old legends" of the international market made by China's top-selling automaker has gone viral, garnering praise as well as a reprimand from a competitor.   BYD celebrated the development of China as a global auto manufacturing...

The online retailer Alibaba increased its net profit to $4.735 billion. Alibaba, the largest Internet company in China, reported in a press release that its net profit, attributable to owners of common shares, climbed by 51% year over year to $4.735 billion at the end of the first quarter of fiscal...