Oil prices rose Thursday, July 29, as crude inventories in the United States, the world’s largest oil consumer, fell to their lowest levels since January 2020, and Brent crude returned to above $75 a barrel. Brent crude futures were up 37 cents, or 0.5%, to $75.11 a barrel, and US …

European shares hit record highs Thursday, July 29 as strong earnings from big commodity companies, Airbus and others boosted markets positivity, while concerns over moves by regulators in China dispelled. The Stoxx600 index of European shares rose 0.3% to an all-time high of 463 points in early trading. The shares …

Japanese shares closed higher on Thursday, as Nissan Motor and some semiconductor companies reported surprisingly strong profits, while investors were relieved after the US Federal Reserve indicated it was in no hurry to cut monetary easing. The Nikkei rose 0.73% to 27,782.42 points, while the broader TOPIX index closed up …

US drugmaker Pfizer raised its forecast for sales of its 2021 vaccine against COVID-19 by 29% to $33.5 billion. The company said it believed people would need a third dose of the vaccine it developed with its German partner BioNTech to maintain a high degree of protection against the virus. …

Ford Motor Company raised its earnings forecast for this year after it announced a windfall profit, saying it was selling more expensive cars. Its revenue slightly missed expectations due to an ongoing global shortage of semiconductor chips. Earnings per share were 13 cents, versus expectations of a loss of 3 …

Novatek, Russia’s largest liquefied natural gas producer, said Wednesday, July 28, that its net profit more than doubled to 99.3 billion rubles ($1.35 billion), citing a recovery in oil and gas prices and production volumes. Revenue jumped 83.7% to 264.5 billion rubles.

Facebook’s earnings in the three months ended June 30 beat expectations and posted the fastest revenue growth since 2016. But Facebook shares fell 5% in after-hours trading after the social media company said it expects revenue growth to slow in the coming quarters. And earnings per share came to $3.61, …

Annual inflation in Canada, as measured by the Consumer Price Index (CPI), declined to 3.1% in June from 3.6% in May, the data published by Statistics Canada revealed on Wednesday. This reading came in lower than the market expectation of 3.2%. On a monthly basis, the CPI edged lower to …

The data published by the US Census Bureau revealed on Wednesday that the international trade deficit increased by $3 billion in June to $91.2 billion from $88.2 billion in May.

Boeing announced Wednesday, July 28, that it recorded its first quarterly profit in nearly two years, buoyed by an increase in commercial aircraft deliveries after the world’s airlines began to recover from the effects of the pandemic. Boeing recorded a net income of $567 million, with adjusted earnings per share …