Apple delivered upbeat guidance for the rest of 2019 and beat analyst estimates for its fiscal third quarter, suggesting more momentum than expected even as iPhone sales shrink. Financial Times
Asian shares fell on Wednesday to a six-week trough, rattled by fresh trade war concerns following threats from President Donald Trump to Beijing, while increasing worries about a no-deal Brexit kept the pound under pressure. Reuters
The number of lawsuits alleging a link between Bayer’s Roundup pesticide and cancer has leapt more than a third from 13,400 to 18,400 in just three months, underlining the growing legal risk faced by the German pharmaceuticals and chemicals group. Financial Times
Samsung Electronics said Wednesday that profits for the three months that ended June more than halved from a year earlier due to falling memory chip prices. CNBC
Credit Suisse on Wednesday posted its highest quarterly earnings in four years, confirming its 2019 profitability target after second-quarter earnings jumped 45%. Reuters
Investors have flooded into Saudi stocks this year after the kingdom’s share market was included in widely followed benchmarks that guide trillions of dollars in assets. Financial Times
Airbus on Wednesday posted stronger-than-expected core second-quarter earnings, led by the switch to efficient new single-aisle jets, and maintained its profit forecast for the year while warning of delivery challenges in the second half. Reuters
Didier Guillaume, France’s agriculture minister, has described as “utterly pathetic” President Donald Trump’s threat against French wine imports in retaliation for a new tax to be imposed by Paris on big tech companies such as Facebook and Google. Financial Times
