Asian Stocks Fall Ahead Of ECB Meeting

Asian stock markets declined Thursday as market participants remained cautious ahead of the European Central Bank (ECB) and Bank of England's (BOE) policy decision meetings later in the day.

S&P Upgrades Philippines Credit Rating To BB+

Standard & Poor's Ratings Services has raised the credit rating of the Philippines, citing that the country's fiscal flexibility is gradually increasing and the debt profile is improving.

Subaru June US Sales Surged 40 Percent

Subaru, the automotive manufacturing arm of Japanese industrial company Fuji Heavy Industries Ltd. (Tokyo: 7270), reported June U.S. car sales rose 40 percent over the year before.

GSK Settles Healthcare Fraud Case For $3 Billion

GSK targeted the antidepressant Paxil to patients under age 18 when it was approved for adults only, and it pushed the drug Wellbutrin for uses it was not approved for, including weight loss and treatment of sexual dysfunction, according to an investigation led by the U.S. Justice Department.

China's June Official Services PMI Up To 3-Month High

China's services sector expanded at its fastest pace in three months in June, an official survey showed on Tuesday, but left intact market expectations that Beijing will deliver more policy measures to support growth in the near future.

Euro Zone Unemployment Hit Record High In May, PMI At 3-Year Low

Unemployment in the euro zone rose to a new record high in May, while manufacturing activities fell for the 11th consecutive month in June. The numbers increase the likelihood the European Central Bank will cut its key interest rate when its governing council meets Thursday.