Renault shares should enjoy some relief after an analyst call ahead of earnings confirmed full-year guidance that sits above consensus, Jefferies analyst Philippe Houchois writes. However, Renault also reiterated guidance that the second-half margin would exceed the first half, which in the bank's…
Coliwoo Appoints Tok Pei Jun as CFO >W8W.SG
RHB maintains a cautious view on Indonesia's external trade outlook in 2H after the country posted its first monthly trade deficit since 2020 in May, economist Wong Xian Yong says in a note. Weaker commodity prices, softer external demand and stronger imports are expected to narrow the trade surplu…
The South Korean won is nearing its weakest level against the U.S. dollar in 17 years. The dollar earlier rose to an intraday high of about 1,559 won on the first trading day of July after climbing to around 1,562 won in June, its highest level since 2009, LSEG data show. The greenback traded at 1…
By Edith HancockThe U.K.'s competition watchdog said it would fast-track an in-depth investigation into Nexfibre's acquisition of Netomnia parent Substantial Group, which was valued at 2 billion pounds ($2.65 billion) including debt."We requested a fast-track to Phase 2 to get to the right answer f…
(09:32 GMT) Advanced Energy Price Target Raised to $465.00/Share From $345.00 by Wells Fargo
By Jinjoo LeeA few years ago, the idea of using hundreds of small engines to power gigawatts of data-center capacity would have seemed ridiculous. Not so today.More hyperscalers are seeking to hook their data centers to off-grid power, bypassing lengthy wait times to connect to the grid. Many of th…
Eurozone government bond yields remain unmoved by flash estimate June inflation data and remain higher on the day. Headline June inflation came in at 2.8%, down from 3.2% in May, and below analyst expectations of 3.0% in the Wall Street Journal's poll. Weaker data came as less of a surprise as it f…
By Ed FranklCooling energy prices helped push eurozone inflation lower in June, increasing the likelihood the European Central Bank will refrain from raising its key interest rate for a second meeting in a row later this month.Inflation in the 21-nation currency area fell to 2.8% from 3.2% in May…
By Will Parker and James FanelliA 1,400-foot luxury condo tower on Manhattan's Billionaires' Row looks to be one of the most lucrative targets for a new tax on high-end second homes in New York City.Past buyers at the building, known as 432 Park Avenue, included Jennifer Lopez and former Yankees sl…
Indonesia's equities market is likely to remain highly volatile, Maybank Sekuritas' Jeffrosenberg Chenlim says in a report. The market is expected to be driven more by policy news flow and global macro developments instead of fundamentals. Market sentiment should be supported by positive policy sig…
The euro remains at weaker levels after preliminary eurozone inflation data for June were lower than expected. Inflation eased to 2.8% in June from 3.2% in May, below the 3.0% forecast by economists in a WSJ survey. Core inflation fell to 2.4% from 2.6%, against an expected 2.6%. The impact on the…
By Miriam MukuruThe U.K.'s Debt Management Office sold 1.25 billion pounds ($1.66 billion) in August 2031-dated, index-linked gilts at an auction on Wednesday, it said.The following are results of the auction, with amounts in pounds. Figures in brackets are data from the previous auction, held on M…
BP faces the challenge as to whether there is sufficient depth across its management team to support its turnaround, RBC Capital Markets analyst Biraj Borkhataria writes after another senior executive departs. Deputy CEO Carol Howle's decision to step down is a "head scratcher" given she was only a…
By Ed FranklCooling energy prices helped push eurozone inflation lower in June, increasing the likelihood the European Central Bank will refrain from raising its key interest rate for a second meeting in a row later this month.Inflation in the 21-nation currency area fell to 2.8% from 3.2% in May…
By Callum KeownWhen Nvidia CEO Jensen Huang publicly claimed last month that Marvell Technology could become the next trillion-dollar chip stock he probably just didn't want to acknowledge the success of its major rival Advanced Micro Devices.Or he genuinely thought Marvell, a company with a market…
Uxin Informed of Xin Gao Group's Prearranged Trading Plan to Buy Up to $5M of ADS Under Chairman and CEO's Previously Announced Share Purchase Plan >UXIN
Grindr Raised to Overweight From Equal-Weight by Morgan Stanley
Uxin Announces Adoption of Rule 10b5-1 Purchase Plan by Entity Controlled by Chairman and CEO
dLocal Raised to Buy From Neutral by UBS
