Vanguard International Semiconductor and NXP Semiconductors plan to build a $7.8 billion chip manufacturing plant in Singapore to meet growing demand in the region.
Oil prices edged higher but remained under pressure amid bearish sentiment in the market following OPEC+’s decision to gradually phase out voluntary output cuts and a reported build in U.S. crude inventories.
Zara owner Inditex said sales in the second quarter rose 12%, a slower pace of growth than in the same period last year but above expectations, buoyed by the continuing success of its spring/summer collections.
British Gas owner Centrica said it expected full-year earnings to meet analysts’ expectations but cautioned that second-half results would be hit by lower commodity prices.
