Net earnings at the US beverage giant came in at $2.6bn

Coca-Cola quarterly profit falls 3%

14.00 Coca-Cola reported that second-quarter earnings dipped, as it notched strong volume growth in Asia but flat volumes in North America, Europe and Latin America.

The rate cut has brought the MNB's 4.9 percentage point rate reduction cycle to an end

Hungary cuts base rate to record low

15.59 Hungary's central bank MNB cut its main interest rate to a record low of 2.1%, and announced the end of a two-year-long monetary easing cycle aimed at stoking economic growth.

Netflix is beginning to earn more per customer following a subscription price increase

Netflix sees quarterly profit more than double

07.33 Netflix said its quarterly profit more than doubled, boosted by strong growth in US and international subscribers as a price increase for its most popular US video streaming plan did not deter new users.

Existing home sales rose 2.6% to an annual rate of 5.04 million units last month

US home resales hit an eight month high

18.16 US home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year.

ARM-designed processors power most smartphones on the market

Chip-maker ARM posts 9% rise in quarterly profit

07.52 ARM Holdings, the British company whose processor designs power Apple's and Samsung's smartphones, posted a 9% rise in second-quarter profit, helped by strong demand to license its technology.

The Chinese operations of Starbucks, Burger King, KFC and McDonald's have all been impacted by the meat scandal

US chains hit by Chinese food scandal

09.39 The latest food scandal in China is spreading fast, dragging in US coffee chain Starbucks, Burger King and others, as well as McDonald's products as far away as Japan.

Time Warner made the move to pre-empt any move by a shareholder

Time Warner moves to block any quick takeover

07.40 Time Warner's board has moved to prevent its shareholders from calling special meetings, effectively throwing up a hurdle to any quick move to approve a potential takeover by Rupert Murdoch's Twenty-First Century Fox.

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Netflix is beginning to earn more per customer following a subscription price increase

Netflix sees quarterly profit more than double

07.33 Netflix said its quarterly profit more than doubled, boosted by strong growth in US and international subscribers as a price increase for its most popular US video streaming plan did not deter new users.