News

VGP half-year profit rises 35% as rental income and property values climb

VGP NV (EBR: VGP1) on Thursday reported a 35% increase in first-half pretax profit to €208.6 million, lifted by higher rental income, renewable energy contribut ...

Australia’s Brambles hits record high on upbeat FY earnings, buyback plan

Group sales revenue rose 3% to $6.67 billion, Brambles said in a filing. Sydney-listed shares of the company jumped over 11% to A$25.86, their highest level ever. The board declared a final dividend ...

China cities push for AI chip self-sufficiency to cut Nvidia reliance – report

Investing.com-- Major Chinese municipalities are setting targets to achieve at least 70% self-sufficiency in artificial intelligence semiconductors by 2027, aiming to reduce relia ...

Morning Bid: Jackson Hole to open under Trump’s shadow

Market-implied odds of a quarter-point cut on September 17 currently stand at 80%, down from 84% a day ago. That’s after Fed ...

Asia FX, dollar subdued ahead of Fed’s Powell speech

The US Dollar Index, which measures the greenback against a basket of major currencies, edged 0.1% higher in Asia hours. US Dollar Index Futures also ticked up 0.1%. Across the globe, focus was on the ...

Trump can end deportation protections for 60,000 immigrants, appeals court says

(Reuters) -A federal appeals court on Wednesday cleared the way for President Donald Trump’s administration to end temporary deportation protections and cancel work permits for more than 60,000 ...

China stock rally faces correction risks from regulatory intervention: UBS

Investing.com-- China’s stock market rally could face corrections if regulators step in, overseas markets stumble, or domestic policy support is delayed, UBS analysts said, warning that ...

AI underweights weigh on large-cap funds performance says Goldman

The average large-cap core mutual fund has returned 9% year-to-date (YTD), while growth funds gained 11% and value funds 8%. But only 36% of funds are outperforming their style benchmarks, down ...

Alibaba-backed Banma Network seeks Hong Kong listing

Investing.com-- Alibaba (NYSE: BABA) Group (HK: 9988) said on Thursday that autonomous-driving software firm Banma Network Technology is seeking a separate listing on the Hong Kong Stock Exchange.

McDonald’s and franchisees agree to discount combo meals - report

Investing.com -- McDonald’s (NYSE: MCD) and its franchisees have reached an agreement to discount eight popular combo meal offerings by 15%, according to a Wall Street Journal report on Wednesday. The ...

Meta freezes AI hiring after major spending spree- WSJ

Meta was seen embarking on an AI hiring frenzy this year, offering nine-figure salaries to poach talent from other major AI ...

Novo Nordisk chairman meets with China’s Vice President in Beijing

Investing.com -- China’s Vice President Han Zheng met with Novo Nordisk (NYSE: NVO) Chairman Helge Lund in Beijing on Wednesday, according to state news agency Xinhua. During the meeting, Han stated ...