0954 GMT - Global air passenger demand fell 2.2% in May due to the war in the Middle East, the International Air Transport Association says. Demand was lead by Africa, and Latin America and Caribbean, where numbers grew 6.6% and 6.1% respectively as measured in revenue passenger kilometers. However…
Generali Cut to Mkt Perform From Outperform by Keefe, Bruyette & Woods
By Mauro Orru and Adria CalatayudU.K. antitrust officials said Apple and Alphabet's Google should allow app developers in the country to steer customers toward alternative platforms for payment, a change the watchdog says would allow app makers to bypass some fees set by the tech giants.The Competi…
Vonovia's share price has failed to recover meaningfully even as interest rate pressures have eased, J.P.Morgan analysts say in a research note. Usually when borrowing costs fall, the German real estate company's shares rise, the analysts say. However, this hasn't happened, with prices staying weak…
U.K. politics remain the biggest and most unpredictable, immediate risk to sterling, Monex Europe analysts say in a note. Andy Burnham, the frontrunner to replace U.K. Prime Minister Keir Starmer who announced his resignation last week, pledged fiscal discipline on Monday. While the comments lifted…
Investors lower their expectations of the Bank of England increasing interest rates in 2026 as oil prices fall and inflation concerns ease. "For now, cheaper crude is a clear macro positive, easing headline inflation pressure across importers," Tickmill Group's Patrick Munnelly says in a note. Inve…
Johan Holdings (3441.KU) - Malaysia (3rd) quarter ended Apr 30: Figures Are In Ringgit (MYR). 2026 2025 Revenue 12,843,000 2,238,000 PreTax Profit -8,522,000 15,935,000 Net…
The greatest risk to global portfolios from Japan's currency crisis could be the potential for disruption in the U.S. Treasury market as Japan intervenes to prop up the yen, deVere Group's Nigel Green says in a note. If Japanese authorities are forced into sustained intervention, they may have litt…
By Edith HancockThe European Union will limit the amount of tariff-free steel its member states can import from Wednesday, as part of officials' efforts to protect its steel industry from overcapacity from countries like China.The bloc's new system would cut tariff-free steel import volumes by 47…
By Don Nico ForbesFrench and Italian inflation cooled more than expected in June, suggesting price pressures are beginning to soften amid falling energy costs due to easing tensions between the U.S. and Iran.In France, consumer price growth slowed to 2.0% on year from 2.8% in May, according to EU-h…
The latest yen depreciation underscores just how oversold the currency is, says Stefan Angrick at Moody's Analytics. Rate spreads between Japan and the rest of the world have narrowed, oil prices have cooled and Japan's fiscal position is in its best shape in decades. "There is simply no reason for…
Kawan Renergy (0307.KU) - Malaysia (2nd) quarter ended Apr 30: Figures Are In Ringgit (MYR). 2026 2025 Revenue 45,858,000 30,949,000 PreTax Profit 507,000 5,927,000 Net P…
By Dan GallagherComcast is finally undoing its own bundle. Investors shouldn't hold their breath for a new one.The cable giant's plan to separate from its media business is largely drawing cheers from Wall Street. Comcast shares rose more than 4% Monday on the news, though that was well off their m…
By Ashley Wong | Photography by Bobby Beasley for WSJ. MagazineIt's a gray plastic cube, about 2 inches on each side, lighter than a deck of cards, and it's here to solve our screen-time crisis.At least, that's the pitch from the Gen Z founders of Brick. For $60, the device connects to an app that…
XL Holdings (7121.KU) - Malaysia (4th) quarter ended Apr 30: Figures Are In Ringgit (MYR). 2026 2025 Revenue 35,393,000 17,929,000 PreTax Profit 4,320,000 2,762,000 Net Pro…
The yen's slide to its weakest level in 39 years looks like a blunt verdict on Japan's policy mix, says Christy Tan at Franklin Templeton Institute. If Japan wants markets to believe in the yen, it must show that monetary normalization isn't optional, and that growth won't depend on permanently che…
The 2H outlook for Indonesia's equity market still seems positive, according to DBS senior investment strategist Joanne Goh. "We think that the cheap valuations or the low valuations in Indonesia should be quite supportive of [the] market's recovery," she says at a briefing. Indonesia is also expec…
Alpine Income Property Cut to Neutral From Outperform by Baird
By Megumi FujikawaTOKYO--The newest member of the Bank of Japan's policy board pledged to carefully watch the impact of a weak yen on prices, though she didn't give any clear hints on her monetary policy stance."There is some evidence emerging that suggests currency fluctuations are having a larger…
China's commerce ministry said Tuesday that it will impose a preliminary antidumping ruling against Canadian pea starch, alleging the imports cause "material injury" to the domestic industry.Importers of Canadian pea starch must deposit a 73.5% security margin with Chinese customs from July 1, said…
