Royal Dutch Shell is cutting 6,500 jobs and is to reduce capital spending by 20 per cent this year, as the oil company takes dramatic action in response to the plunge in oil prices.
Deutsche Bank AG, which runs Europe's biggest investment bank, said second-quarter profit more than tripled after a surge in trading revenue more than offset higher legal expenses.
MANILA Gold fell more than 1 percent to near its weakest level since early 2010 on Thursday, as the dollar jumped ahead of U.S. economic data that is likely to strengthen expectations for an interest rate hike by the Federal Reserve in September.
BEIJING Baidu Inc, China's biggest internet search engine company, said on Thursday it will buy back shares worth $1 billion after the company's stock price slid following a weak earnings report earlier this week.
According to analysts, these are two very different stories, with Facebook trading up nearly 30% in the past year, while Twitter losing more than 7% from a year ago, and more than 33% from its 2015 high in April.