Business

Continental posts Q2 profit beat, but warns of worsening raw material costs

Tuesday, August 4 by SRN News

By Emanuele Berro and Simon Ferdinand Eibach Aug 4 (Reuters) - German car parts supplier Continental beat second-quarter profit expectations on Tuesday, as premium tyre sales and lower raw-material costs more than offset falling volumes and weak global vehicle production. However, it kept the annual... Read More.

3 tricky decisions for every retirement plan

Tuesday, August 4 by SRN News

Many aspects of  retirement planning  are the subject of hot debate, even among experts. Here are three tricky decisions that confront people planning retirement today. It's impossible to say at the outset of retirement what the "right" withdrawal rate is. You don't know what the... Read More.

Nasdaq futures underpinned by strong AI forecasts; focus on earnings, data

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - Nasdaq futures rose on Tuesday after strong forecasts from Palantir and ON Semiconductor reassured investors about AI-driven demand, while Middle East developments and U.S. earnings were also in focus to gauge the health of corporate America. Palantir Technologies gained 17.2%... Read More.

Bending Spoons makes first post-IPO acquisition with $1.3 billion Airtable deal

Tuesday, August 4 by SRN News

MILAN, Aug 4 (Reuters) - Bending Spoons has agreed to buy Airtable in an all-cash deal valuing the U.S. software firm at $1.285 billion, the companies said on Tuesday, marking the Italian technology company's first acquisition since its Nasdaq debut last month. Founded in... Read More.

Goldman sees Brent at $80-$90 until US-Iran deal or major escalation

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - Goldman Sachs said on Tuesday it expects Brent crude to trade in an $80-$90 per barrel range until there is either confirmation of a new U.S.-Iran nuclear deal or a significant escalation of their conflict. The bank estimates spot Brent's fair... Read More.

HSBC sets $1 billion buyback after profit beat on boost from rates and wealth

Tuesday, August 4 by SRN News

By Selena Li and Lawrence White HONG KONG/LONDON, Aug 4 (Reuters) - HSBC Holdings reported a better-than-expected first-half profit and raised its net interest income target, driven by revenue growth in lending and wealth management fee earnings on robust money flows. Europe's largest bank posted a... Read More.

Analysis-Prestige beauty outpaces high-end bags as China’s luxury spending evolves

Tuesday, August 4 by SRN News

By Casey Hall and Dominique Patton SHANGHAI/PARIS, Aug 4 (Reuters) - For Chinese consumers seeking luxury, prestige skincare is trumping designer bags as a prolonged property downturn and weaker confidence make price tags ever more decisive, even for premium goods. Analysts say recent earnings show China's... Read More.

Japan’s Toyota reports hefty profit on cheap yen and solid car sales

Tuesday, August 4 by SRN News

TOKYO (AP) - Toyota reported Tuesday a nearly doubling of profit for the fiscal first quarter as solid demand in the U.S. and India combined with a favorable exchange rate to boost results. The Japanese automaker, which makes the Prius hybrid and Lexus luxury models,... Read More.

Toyota lifts annual forecast despite Q1 profit drop on weak China sales

Tuesday, August 4 by SRN News

TOKYO, Aug 4 (Reuters) - Toyota on Tuesday raised its annual operating profit forecast by 13% to reflect a weaker yen - the upward revision coming despite reporting a fifth consecutive quarterly earnings decrease on slumping sales in China. The world's largest automaker now expects... Read More.

BHP faces weekend strike at Port Hedland iron ore hub as wage talks drag

Tuesday, August 4 by SRN News

MELBOURNE, Aug 4 (Reuters) - Unions at BHP's Port Hedland operations in Western Australia have not agreed a wage deal with BHP, a union spokesperson said on Tuesday, setting the stage for a two-day strike at the world's top iron ore export hub at... Read More.

Current Weather

Continental posts Q2 profit beat, but warns of worsening raw material costs

3 tricky decisions for every retirement plan

Nasdaq futures underpinned by strong AI forecasts; focus on earnings, data

Bending Spoons makes first post-IPO acquisition with $1.3 billion Airtable deal

Goldman sees Brent at $80-$90 until US-Iran deal or major escalation

HSBC sets $1 billion buyback after profit beat on boost from rates and wealth

Analysis-Prestige beauty outpaces high-end bags as China’s luxury spending evolves

Japan’s Toyota reports hefty profit on cheap yen and solid car sales

Toyota lifts annual forecast despite Q1 profit drop on weak China sales

BHP faces weekend strike at Port Hedland iron ore hub as wage talks drag

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