BANGKOK (AP) — Asian shares were mostly higher on Thursday, while the intensifying war with Iran pushed Brent crude past $97 a barrel. U.S. futures declined. South Korea’s Kospi rose 4.4% to 7,096.89 as investors’ appetite for stocks related to artificial intelligence revived despite a retreat on Wa
July 23 (Reuters) – The U.S. Food and Drug Administration said on Wednesday that Midwest Poultry Services is recalling nearly 1.6 million dozen white shell eggs and brown cage-free shell eggs produced in Texas, as they have the potential to be contaminated with Salmonella Enteritidis. The recalled e
ZURICH, July 23 (Reuters) – Nestle said on Thursday it expects to raise around €3 billion ($3.43 billion) from spinning off its water business into a 50-50 joint venture with U.S. investment firm Platinum Equity. The new company, to be called Peranel, will include the Source Perrier, S.Pellegrino an
PARIS, July 23 (Reuters) – Renault reported a slight drop in sales volumes for the first half of the year on Thursday, as rising competition in its key European market from new Chinese rivals curbed growth at some of its brands. The French automaker, whose sales volumes dipped 3.3% in the first quar
By Heekyong Yang and Heejin Kim SEOUL, July 23 (Reuters) – Hyundai Motor reported a 21% fall in second-quarter operating profit on Thursday, missing analysts’ estimates, as weaker vehicle sales, production disruptions, and higher costs offset support from a weaker won. The weaker results highlight m
LONDON, July 23 (Reuters) – Nestle on Thursday posted slightly better than expected second-quarter organic sales growth and said it expects to raise around 3 billion euros ($3.43 billion) from a joint venture with investment firm Platinum Equity for its waters and premium beverages business. The wor
By Byron Kaye SYDNEY, July 23 (Reuters) – While Greg Ward was building Macquarie Group’s mortgage book to the fifth-biggest in Australia, he was also cutting a figure as a respectable Porsche racer, with few wins but — more importantly, say motoring experts — few serious mishaps. Ward was named the
July 23 (Reuters) – Domino’s Pizza Enterprises said on Thursday it was considering an appeal after the Federal Court found the company made misleading representations about the application of certain enterprise agreements. Here are the details: • A former worker commenced the proceeding as lead appl
SYDNEY, July 23 (Reuters) – Australia’s top investment bank Macquarie Group has appointed long-time insider Greg Ward to succeed CEO Shemara Wikramanayake, a choice investors said represented a “safe pair of hands” and confidence in the bank’s current direction. JAMIE HANNAH, CHIEF INVESTMENT OFFICE
By Ankur Banerjee SINGAPORE, July 23 (Reuters) – Asian stocks rose on Thursday after U.S. technology firms outlined significant capital spending plans that are likely to benefit chipmakers in the region, while the escalating war in the Middle East sent oil prices to six-week highs. Rising oil prices
By Akash Sriram and Chris Kirkham July 22 (Reuters) – Tesla CEO Elon Musk on Wednesday left the door open to the EV maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to dismiss the possibility and citing growing overlap between the companies. “As you can tell from the m
By Satoshi Sugiyama TOKYO, July 23 (Reuters) – The dollar largely stabilised on Thursday as renewed U.S.-Iran tensions kept investors on edge and underpinned demand for the safe-haven currency, while the yen languished near a 40-year low with little sign of a turnaround. The dollar index, which meas
By Arathy Somasekhar and Trixie Yap July 23 (Reuters) – Oil prices rose more than 1.5% in Asian trade on Thursday to stand at their highest in more than six weeks, as Yemen’s Houthis targeted oil tankers in the Red Sea and the United States launched a new round of strikes on Iran. Brent crude future
VANCOUVER, British Columbia (AP) — The U.S. threat of 50% tariffs on Canadian goods will have a ripple effect on the country’s economy but also could be a negotiation tactic by the U.S. administration, experts say. The new tariffs, announced by U.S. President Donald Trump on Monday, are scheduled to
By David Lawder and Emily Green July 22 (Reuters) – U.S. Trade Representative Jamieson Greer said on Wednesday he hoped to strike some interim trade deals with Mexico and Canada this year while tackling thornier changes to the U.S.-Mexico-Canada Agreement in 2027, his strongest signal yet that the p
WASHINGTON (AP) — The House approved legislation Wednesday that would bar members of Congress from purchasing individual stocks, advancing an ethics proposal that lawmakers in both parties have long championed but repeatedly failed to enact. Some Democrats sided with the Republican majority in the 2
SAN FRANCISCO, July 22 (Reuters) – Nvidia and the Naval Postgraduate School (NPS) on Wednesday said that the AI chip leader has donated a supercomputer with its latest chips to a nonprofit linked to the institution. The NPS is operated by the U.S. Navy and offers masters and doctoral degrees in fiel
By Scott Murdoch and Christine Chen SYDNEY, July 23 (Reuters) – Australia’s top investment bank Macquarie Group on Thursday appointed long-serving executive Greg Ward to replace retiring CEO Shemara Wikramanayake, a decision investors said showed confidence in the bank’s strategy after criticism ove
NEW YORK (AP) — It was the 11-minute performance heard around the world. Madonna, Justin Bieber, BTS and Shakira each brought abridged hits to the World Cup’s first halftime show in a whirlwind performance Sunday just outside New York. And it has resulted in some noteworthy streaming bumps. Luminate
Tesla said Wednesday that its profits fell last quarter as the car company run by Elon Musk shoveled more money into research and development, cutting into profits from a sharp increase in vehicle sales. The Austin, Texas, company reported second-quarter net income of $1.11 billion, or 32 cents per
NEW YORK (AP) — The European Union approved Paramount’s $81 billion takeover of Warner Bros. Discovery this week, effectively clearing another regulatory hurdle for a mega merger that could vastly reshape the entertainment and media landscape worldwide. But the greenlight comes with certain conditio
Google parent company Alphabet Inc. posted stronger-than-expected results for its second quarter, a sign that it’s massive artificial intelligence spending spree is paying off so far and advertising revenue is coming in strong. The Mountain View, California-based company said Wednesday it earned $11
By Casey Hall and Danielle Kaye SHANGHAI, July 23 (Reuters) – After eight successive quarters of falling sales in China, Nike is pulling online sales rights from some of its biggest retail partners in a high-stakes bet that tighter control over pricing and distribution can revive its fortunes. Analy
SAN DIEGO (AP) — The Avengers appear set to return to Hall H as Marvel Studios uses Comic-Con International to build hype for the December release of “Avengers: Doomsday” — and chart a path forward as audience interest in superhero films has waned. That panel on Saturday is the most-anticipated hour
July 22 (Reuters) – Raymond James Financial reported a rise in third-quarter profit on Wednesday, helped by strong performance in its capital markets unit. Global M&A activity has remained resilient despite the Middle East conflict as some companies took advantage of an easier regulatory backdrop to
July 22 (Reuters) – Casino operator Las Vegas Sands reported a decline in second-quarter profit and revenue on Wednesday, as unusually low hold in rolling play in its Macau operations countered growth in gaming volumes. Gambling revenue from Macau fell in June as bettors shifted spending to the FIFA
By Jamie McGeever ORLANDO, Florida, July 22 (Reuters) – The Nasdaq fell on Wednesday, dragged down by software stocks ahead of some major tech earnings reports, while deepening conflict in the Middle East pushed oil prices sharply higher again and Brent crude closer to the $100 a barrel mark. In my
By Foo Yun Chee BRUSSELS, July 22 (Reuters) – Paramount Skydance Corp on Wednesday gained European Union antitrust approval for its $110 billion acquisition of Warner Bros Discovery after agreeing to ditch a film distribution joint venture with Universal Pictures. The European Commission, which acts
By David Shepardson July 22 (Reuters) – The Federal Communications Commission on Wednesday voted to bar sales of devices in the U.S. that contain key hardware from Chinese companies deemed to be national security risks. The U.S. telecom watchdog maintains a list of firms — including Chinese telecom
BRASILIA, July 22 (Reuters) – The Brazilian government on Wednesday announced 18.5 billion reais ($3.66 billion) in financing for companies hit by U.S. tariffs, adding the resources will also target firms impacted by international conflicts. In a statement, the administration of President Luiz Inaci
