Business

Broadcom Stock Falls as In-Line Guidance Leaves Investors Wanting More

Broadcom shares dropped after quarterly guidance met analyst estimates but fell short of the higher bar investors had set for its AI business.

Snowflake Stock Spikes 22% After AI-Fueled Forecast Beats Estimates

Snowflake shares spiked about 22% after the data-cloud company beat estimates with an AI-fueled forecast and momentum in its code-writing agent.

Netherlands Moves $10bn in Gold From US and Canada to London

The Dutch central bank has shifted about $10 billion in gold from the US and Canada to the Bank of England, citing crisis preparedness and faster tradabili

Global Bond Yields Soar as Higher-Rate Era Squeezes Borrowers Worldwide

Government bond yields climbed across the U.S., Japan, and Europe this week, driven by heavy debt issuance, an oil-price shock, and expectations of prolong

Trump Threatens to Cut Trade With Deficit Nations Unless Fed Lowers Rates

President Trump threatened on Friday to cut trade with deficit nations unless the Federal Reserve lowers interest rates ahead of its September meeting.

Porsche to Launch China-Exclusive Infotainment System in 2026

Porsche has announced it will introduce an exclusive infotainment system designed specifically for the Chinese market in 2026, a move that underscores the luxury...

Mercedes-Benz Urges EU-China Cooperation on EV Tariffs

Mercedes-Benz CEO Ola Källenius has voiced strong support for a collaborative and balanced approach to resolving trade tensions between the European Union and China...

Lynk & Co 900 Garners Over 40,000 Pre-Orders Before Launch

Chinese automaker Lynk & Co, a brand under the Geely Auto Group, revealed during the Shanghai Auto Show that its forthcoming 900 model has...

Akzo Nobel Reports Q1 Profit Beat Amid Tariff Concerns

Akzo Nobel, the Dutch company behind Dulux paints, reported stronger-than-expected first-quarter profits while maintaining that the ongoing tariff dispute between the United States and...

Zhipu AI Expands Globally with Alibaba Cloud Partnership Amid IPO Plans

China’s Zhipu AI is intensifying its international presence through a strategic partnership with Alibaba Cloud, as the artificial intelligence startup sets the stage for...

BP Faces Potential Share Buyback Cuts Amid Oil Price Pressures

BP is facing increasing scrutiny from investors and analysts amid concerns that the energy giant may be forced to scale back or suspend its...

GAC Commits to Safety Responsibility for Level 4 Autonomous Vehicles

Guangzhou Automobile Group (GAC), one of China’s prominent automakers, has announced its commitment to assuming full responsibility for the safety of Level 4 autonomous...

Cathay Pacific Anticipates Drop in China-U.S. Cargo Demand Amid Tariff Shifts

Cathay Pacific Airways, one of Asia’s leading air freight operators, has expressed concerns about a potential downturn in air cargo demand between mainland China...

Bank of Japan Warns Financial Institutions to Brace for Rising Market Risks

The Bank of Japan has urged Japanese financial institutions to remain vigilant in the face of increasing risks tied to heightened volatility in global...

European Pharma Executives Call for Higher Drug Prices to Boost Investment

The leaders of two major European pharmaceutical companies have called for the European Union to allow drug prices to rise to levels comparable to...

Fanuc Delays Fiscal Year Forecasts Due to Uncertainty from U.S. Tariffs and Global Economic Conditions

Fanuc Corp, a leading Japanese robotics company, announced on Wednesday that it will not be able to report its financial forecasts for the current...

ANZ Appoints Chris Raciti as Country Head of Singapore with Regional Oversight

ANZ has announced that Chris Raciti will take on the role of country head for Singapore, with regional oversight of the bank’s operations in...

Global Alconaba in Talks with Daniel Kretinsky for Tender Offer on Prisa Shares

Global Alconaba, a minority shareholder in Spanish media giant Prisa, is reportedly in discussions with Czech billionaire Daniel Kretinsky to launch a tender offer...

Nissan to Invest Over $1.3 Billion in China by 2026

Nissan Motor has announced plans to invest over 10 billion yuan (approximately $1.37 billion) in China by the end of 2026. This significant investment...

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