Business

Jeep-maker Stellantis Q2 profit miss stirs doubts about Filosa revival plan

Thursday, July 30 by SRN News

By Giulio Piovaccari MILAN, July 30 (Reuters) - Stellantis' operating income missed analyst expectations in the second quarter, sending shares lower, as investors seek stronger evidence that CEO Antonio Filosa's turnaround of the Jeep maker is paying off. The carmaker posted adjusted earnings before interest and... Read More.

Magnum Ice Cream tops earnings forecasts as cost cuts kick in

Thursday, July 30 by SRN News

July 30 (Reuters) - Magnum Ice Cream reported half-year core earnings above market expectations on Thursday, driven by cost cuts following its December spin-off from Unilever, and said trading remained strong at the start of the key summer season. Sales of Ben & Jerry's grew... Read More.

South Korea curbs may not save investors slaughtered by $2 trillion rout

Thursday, July 30 by SRN News

By Cynthia Kim SEOUL, July 30 (Reuters) - South Korea's efforts to rein in the leveraged products wreaking havoc in its financial markets may not go far enough to quell skyrocketing volatility, analysts say, as pain and public anger mount over a $2 trillion-and-counting stocks... Read More.

Shell profit more than doubles to $9.8 billion, second-highest on record, as Iran war lifts prices

Thursday, July 30 by SRN News

By Stephanie Kelly and Shadia Nasralla LONDON, July 30 (Reuters) - Shell's net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle East conflict. Higher oil and... Read More.

Australian watchdog files legal action against Telegram, saying it failed to remove violent content

Thursday, July 30 by SRN News

MELBOURNE, Australia (AP) - Australia's online safety watchdog has filed legal action against messaging app Telegram, saying the platform failed to remove extremist content including videos of white supremacist mass shootings in Buffalo, New York, and the New Zealand city of Christchurch as well... Read More.

Asia stock-picking hedge funds set for record monthly loss, Goldman says

Thursday, July 30 by SRN News

By Summer Zhen HONG KONG, July 30 (Reuters) - Asia-focused equity hedge funds are heading for their biggest monthly drawdown on record, a Goldman Sachs note showed, as a broad AI stock rout wiped out much of the gains from crowded bets in the sector. •... Read More.

Mercedes-Benz to recall more than 310,000 US vehicles citing risk of failure to detect open door

Thursday, July 30 by SRN News

July 30 (Reuters) - Mercedes-Benz is recalling 310,667 vehicles in the U.S. due to risk of failure to detect an open door, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday. The recall includes models such as CLA, A-Class, C-Class, CLE, GLA/GLB, and... Read More.

Asian stocks stutters after rout, Fed leaves markets guessing on rates

Thursday, July 30 by SRN News

By Ankur Banerjee SINGAPORE, July 30 (Reuters) - Asian stocks struggled for direction in choppy trading on Thursday after a week of market turbulence sparked by AI jitters, as a divided Federal Reserve stood pat on rates and left bond markets uncertain about the next... Read More.

Samsung reports record profit as South Korean chip giants benefit from global AI boom

Thursday, July 30 by SRN News

SEOUL, South Korea (AP) - South Korean technology giant Samsung Electronics on Thursday reported a record operating profit of 89.5 trillion won ($62 billion) for the April-June period, a day after crosstown rival SK Hynix also reported record earnings, as the world's two largest... Read More.

Toyota’s first-half global output, sales fall for first time in two years on China weakness

Thursday, July 30 by SRN News

TOKYO, July 30 (Reuters) - Toyota Motor said on Thursday its global first-half production and sales fell for the first time in two years, as weaker demand in China and a model changeover for its popular RAV4 sport utility vehicle weighed on results. • Global... Read More.

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Current Weather

Jeep-maker Stellantis Q2 profit miss stirs doubts about Filosa revival plan

Magnum Ice Cream tops earnings forecasts as cost cuts kick in

South Korea curbs may not save investors slaughtered by $2 trillion rout

Shell profit more than doubles to $9.8 billion, second-highest on record, as Iran war lifts prices

Australian watchdog files legal action against Telegram, saying it failed to remove violent content

Asia stock-picking hedge funds set for record monthly loss, Goldman says

Mercedes-Benz to recall more than 310,000 US vehicles citing risk of failure to detect open door

Asian stocks stutters after rout, Fed leaves markets guessing on rates

Samsung reports record profit as South Korean chip giants benefit from global AI boom

Toyota’s first-half global output, sales fall for first time in two years on China weakness

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