Oil price moves will remain the key factor driving equity, currency and fixed-income markets as the new quarter gets underway, First Abu Dhabi Bank's Simon Ballard says in a note. "Sentiment is clearly being buoyed by--but is also highly susceptible to the continuation of--assumed progress being ma…
Frasers Group to Sell 100% Interest in Sports Direct Malaysia
Associated British Foods' more cautious sugar outlook for fiscal 2026 and 2027 could hit consensus expectations, RBC Capital Markets analysts write. There is now a more than 5% downside risk to consensus earnings-per-share forecasts, they write. Elsewhere, Primark's like-for-like sales fall 2.2%, w…
By Dow Jones Newswires StaffU.S. stock futures pointed down in early European trade, as global equities looked set to kick off the second half of the year in the red.After notching the best quarter in six years, U.S. equities lost steam as traders upped bets for further interest-rate hikes this yea…
Singapore's headline inflation is likely to cool this year, CGS International economist Mohamed Afham Zulghafir says in a report. The recent decline in oil prices should help reduce cost pressures across transport, utilities and other energy-related components. "We think the moderation in inflation…
By Amanda LeeOversea-Chinese Banking Corp., Southeast Asia's second-largest lender, plans to ramp up hiring even as it adopts artificial intelligence, betting that a combination of both will be the winning formula for growing its wealth business.The Singapore lender plans to add 600 relationship ma…
Galderma could still raise guidance and beat expectations when it reports first-half results despite the U.S. Food and Drug Administration's decision not to approve its Relfydess injection, Jefferies analysts say in a research note. The decision has a minor effect on the Swiss skincare specialist's…
Galderma's failure to secure U.S. approval for its Relfydess product, a rival to AbbVie's Botox, doesn't shift the competitive landscape as rivals might face similar hurdles, Jefferies analysts say in a research note. The U.S. Food and Drug Administration's decision illustrates the challenges of pr…
Maersk has upgraded its guidance as better freight rates act as a tailwind in the near term, Deutsche Bank analyst Harishankar Ramamoorthy writes. The company said the new guidance is driven mainly by a "sustained increase" in spot freight rates, with underlying Ebitda now expected to be between $8…
By Dow Jones Newswires StaffU.S. stock futures pointed down in early European trade, as global equities looked set to kick off the second half of the year in the red.After notching the best quarter in six years, U.S. equities lost steam as traders upped bets for further interest-rate hikes this yea…
Alvotech Secures $75M Term Loan Facility >ALVO
Associated British Foods has done little to hint to investors that a sharp improvement is around the corner, Hargreaves Lansdown's Aarin Chiekrie writes. Third-quarter revenue comes in broadly flat as Primark's sales grow modestly at 3%, he writes. This growth, however, was driven entirely by new s…
Japanese authorities could refrain from interventions to shore up the yen as the currency's decline has been gradual, MUFG Bank's Derek Halpenny says in a note. "The current pace of yen selling appears acceptable and if maintained could see the Ministry of Finance remain on the sidelines." The MoF'…
U.K. government bonds, or gilts, remain sensitive to inflation risk from near-term government spending initiatives, ING's Michiel Tukker says in a note. Gilt investors are more concerned about the U.K. inflation outlook than sovereign risk, Tukker says. More fiscal expansion from the government in…
By Teresa RivasNike stock was falling after it reported fiscal fourth-quarter results Tuesday.Nike earned 20 cents a share, excluding a 52 cent benefit related to the expected recovery of import tariffs, on revenue that fell 1.1% from the year-ago period to $10.97 billion. Consensus called for Nike…
By Amanda LeeOversea-Chinese Banking Corp., Southeast Asia's second-largest lender, plans to ramp up hiring even as it adopts artificial intelligence, betting that a combination of both will be the winning formula for growing its wealth business.The Singapore lender plans to add 600 relationship ma…
Shares in U.K. housebuilders fall after a report shows U.K. house prices in June declined slightly month-on-month. According to Nationwide's house price index, average house prices in the month stood at 277,484 pounds, down from May's 278,024 pounds. Still, they were up 2.2% over the last year. Ana…
By Dominic ChoppingSTOCKHOLM--Saab signed a contract to deliver 16 Gripen fighter jets to Ukraine in a deal valued at around $2.5 billion, part of an agreement previously announced by Sweden's Prime Minister Ulf Kristersson and Ukraine's President Volodymyr Zelensky.The two leaders met in Sweden la…
Galderma will have to wait for U.S. approval of its Relfydess neuromodulator, a rival to Botox, and this will hurt its midterm profitability prospects, RBC Capital Markets' Natalia Webster and Charles Weston say in a research note. The U.S. Food and Drug Administration's rejection will likely have…
Berkshire Hathaway Unit: Have Raised Stake in Mitsui & Co. to 10.8% From 9.8%
