Business articles

Fitch upgrade Greece debt, sees steady improvment

Credit rating agency Fitch on Friday upgraded Greece’s debt by a notch, citing what it called an improving outlook and amid expectations the country’s debt sustainability will steadily improve.

Infosys chief quits in rift with founders

Vishal Sikka has resigned as chief executive of Infosys, the Indian software giant announced Friday, amid tensions between the company’s board and its founders.

Asia shares extend Wall Street sell-off after Spain attack

Asian stocks followed Wall Street falling sharply lower Friday, compounding a global sell-off after a deadly Barcelona rampage claimed by the Islamic State jihadist group exacerbated mounting fears over White House turmoil.

Tencent clobbers estimates with 70% profit surge

Chinese tech giant Tencent on Wednesday reported second-quarter results that handily beat analyst estimates in an apparent validation of the company’s push to build up its entertainment and gaming businesses.

US household debt breaks pre-crisis record: NY Fed

US household debt reached a new record in the second quarter, surpassing a peak recorded at the start of the global financial crisis, the New York Federal Reserve Bank said Tuesday.
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