News
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Creative Media & Community Trust Corporation Announces Q2 Financial Results
Aug 13 (Reuters) - Creative Media & Community Trust Corporation CMCT.O:CREATIVE MEDIA & COMMUNITY TRUST CORPORATION - Q2 TOTAL REVENUE $29.69 MILLIONCREATIVE MEDIA & COMMUNITY TRUST CORP - Q2 CORE FFO $-9.53 PER SHARE - SEC FILINGReuters
Wed, Aug 13
France, Germany, UK willing to reinstate sanctions on Iran
By Michel Rose PARIS, Aug 13 (Reuters) - France, Germany and Britain have written to the United Nations to say they are ready to reinstate sanctions on Iran if it does not return to negotiations with the international community over its nuclear programme.The foreign ministers of the so-called E3 ...Reuters
Wed, Aug 13
Axa combines anticipatory typhoon cover with travel insurance in Hong Kong
By Henry GaleAug 13 - (The Insurer) - Axa Hong Kong and Macau is providing parametric typhoon insurance and travel coverage free of charge to eligible car owners in a partnership with a motor dealer, the insurer said in a statement on Wednesday.Axa is offering the coverage to members of Motogo, a me...Reuters
Wed, Aug 13
Mercedes in talks to sell leasing subsidiary to BNP, reports Bloomberg
FRANKFURT, Aug 13 (Reuters) - Mercedes-Benz MBGn.DE is in advanced talks with France's BNP Paribas BNPP.PA about the sale of the German carmaker's leasing subsidiary Athlon, Bloomberg News reported on Wednesday.The sale is not yet certain as there are other interested parties, Bloomberg repo...Reuters
Wed, Aug 13
Sapiens to be acquired by Advent for $2.5 billion
By Navneeta NandanAug 13 - (The Insurer) - Sapiens International Corporation, a provider of software solutions to the insurance industry, announced on Wednesday that it is being acquired by private equity investor Advent for $2.5 billion in an all-cash deal.Sapiens shareholders will receive $43.50 p...Reuters
Wed, Aug 13
US alcohol consumption at record low as health concerns rise, survey finds
Aug 13 (Reuters) - Alcohol consumption among adults in the U.S. is at the lowest level on record, a survey by analytics firm Gallup showed on Wednesday, as most Americans, for the first time, view even moderate drinking as harmful.Gallup's latest Consumption Habits survey, conducted annually, sh...Reuters
Wed, Aug 13
Arden gets SiriusPoint capacity for new wildfire coverage
By Chris MunroAug 13 - (The Insurer) - Arden Insurance Services has secured capacity support from SiriusPoint for its new consolidated fire insurance policy (CFIP), which the MGU’s CEO Brian Cohen said “provides comprehensive coverage” to an “underserved market”.Through the tie-up, AM Best A-minus-r...Reuters
Wed, Aug 13
Hudbay Minerals tops Q2 revenue and EPS estimates, announces $600 mln JV with Mitsubishi Corp
OverviewHudbay Q2 revenue of $536.4 mln beats analyst expectations, per LSEG dataAdjusted EPS of $0.19 exceeds estimates, driven by strong cost controlCo announces $600 mln Copper World JV with Mitsubishi, enhancing financial strengthOutlookHudbay reaffirms 2025 copper production guidance of 117,000...Reuters
Wed, Aug 13
E-commerce firm Global-e beats Q2 revenue expectations, raises FY 25 guidance
OverviewGlobal-e Q2 2025 revenue rises 28% yr/yr, beating analyst expectationsCompany achieves GAAP profitability with net profit of $10.5 mlnCo raises full-year guidance, reflecting confidence in continued growthOutlookGlobal-e expects Q3 2025 GMV between $1,455 mln and $1,495 mlnCompany raises FY ...Reuters
Wed, Aug 13
China Automotive Q2 sales rise 11.1%, operating income up 20.2%
OverviewChina Automotive Q2 2025 net sales rise 11.1% yr/yr to $176.2 mlnIncome from operations increases 20.2% yr/yr to $13 mlnNet income attributable to shareholders up 6.8% to $7.6 mlnOutlookCompany raises full-year 2025 revenue guidance to $720 mlnChina Automotive Systems sees Electric Power Ste...Reuters
Wed, Aug 13
Canada's Boyd Group Services Q2 sales miss estimates
OverviewBoyd Group Q2 sales up 0.2%, missing analyst expectations, per LSEG dataAdjusted EPS for Q2 missed consensus, reflecting ongoing profitability challengesCompany's location count surpasses 1,000, driven by acquisitions and new openingsOutlookBoyd Group says achieved modest positive same-s...Reuters
Wed, Aug 13
European Wax Center misses Q2 revenue, beats adjusted net income estimates
OverviewEuropean Wax Center Q2 revenue falls 6.6%, missing analysts' expectationsAdjusted net income rises 5.6%, beating estimates, per LSEG dataAdjusted EBITDA increases 4.7%, surpassing analysts' forecasts, per LSEG dataOutlookCompany sees fiscal 2025 system-wide sales of $940 mln to $950 ...Reuters
Wed, Aug 13
Russia says its stance on Ukraine is unchanged from what Putin set out in June 2024
MOSCOW, Aug 13 (Reuters) - Russia's stance on ending the Ukraine war was set out by President Vladimir Putin in June 2024 and has not changed, Foreign Ministry spokesperson Alexei Fadeev said on Wednesday.Putin at that time demanded a full Ukrainian withdrawal from four regions of the country th...Reuters
Wed, Aug 13
