News
Important Only
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
T1 Energy Inc expected to post a loss of 13 cents a share - Earnings Preview
T1 Energy Inc TE.N, TE is expected to show a rise in quarterly revenue when it reports results on August 15 for the period ending June 30 2025The Austin Texas-based company is expected to report revenue of $139.9 million, according to the estimate from one analyst, based on LSEG data.LSEG's ...Reuters
Wed, Aug 13
FOCUS-To stay on weight-loss drugs, US patients cut doses and maybe vacations
U.S. insurers restrict coverage for GLP-1 medicationsPricy drugs Wegovy and Zepbound are weekly injectionsU.S. insurer list prices for them top $1,000 per month By Deena Beasley Aug 13 (Reuters) - Doctors advise most patients on GLP-1 obesity drugs such as Wegovy and Zepbound to stay on them to k...Reuters
Wed, Aug 13
Trump to visit Kennedy Center, announce names of 2025 honorees
Trump plans to renovate the arts venueTrump fired chairman in February and assumed the roleBill introduced to rename Kennedy Center for TrumpBy Andrea Shalal WASHINGTON, Aug 13 (Reuters) - U.S. President Donald Trump will visit the John F. Kennedy Center for the Performing Arts on Wednesday to un...Reuters
Wed, Aug 13
Citadel executive O'Reilly who guided asset growth to retire, memo says
By Svea Herbst-BaylissNEW YORK, Aug 13 (Reuters) - Citadel executive Ed O'Reilly, who helped the hedge fund's assets balloon to $67 billion through his role managing relationships with the firm's global investors, is retiring, according to a memo seen by Reuters.O'Reilly, 57, oversa...Reuters
Wed, Aug 13
ANALYSIS-Just in time? Manufacturers turn to AI to weather tariff storm
Manufacturers use AI to manage supply chain amid tariff volatilityGenerative AI spending for supply chains could reach $55 billion by 2029AI aids in inventory management but isn't a complete solution, experts warnBy Mark Bendeich LONDON, Aug 13 (Reuters) - Manufacturers like U.S. lawnmower ma...Reuters
Wed, Aug 13
FEATURE-Inside the mine that feeds the tech world - and funds Congo’s rebels
By Giulia Paravicini and David Lewis RUBAYA, Democratic Republic of Congo, Aug 13 (Reuters) - Under the watchful eye of M23 rebels in the hills around the Congolese town of Rubaya, a line of men in rubber boots ferry sacks full of crushed rocks up winding paths cut into the slopes.The laborers ar...Reuters
Wed, Aug 13
Air Canada flight attendants set 72-hour strike deadline for pay deal
Aug 13 (Reuters) - The Canadian Union of Public Employees, representing more than 10,000 Air Canada AC.TO cabin crew, on Wednesday gave the airline a 72-hour deadline to reach a pay deal or face strike, hours after the carrier asked sought federal government intervention.The strike is set to begin a...Reuters
Wed, Aug 13
Antares 1274 net combined ratio deteriorates to 96.3% for H1 2025
By Michael JonesAug 13 - (The Insurer) - Antares Syndicate 1274 has reported a net combined ratio of 96.3% for the first half of 2025, the syndicate said on Wednesday.This was a deterioration of 8.6 percentage points on the net combined ratio of 87.7% it disclosed for H1 2024.The syndicate reported ...Reuters
Wed, Aug 13
Nephila Syndicate 2358's 2023 YoA profit forecast deteriorates
By Rebecca DelaneyAug 13 - (The Insurer) - Nephila Syndicate 2358 has disclosed a 0.26 percentage point deterioration in the midpoint of its forecast range for the 2023 year of account (YoA), while its 2024 YoA forecast has improved by 1.8 points.For the 2023 YoA, Syndicate 2358 is expected to retur...Reuters
Wed, Aug 13
Davies appoints Barke as CEO of insurance unit
By Navneeta NandanAug 13 - (The Insurer) - UK insurance services firm Davies has promoted Richard Barke as CEO of its insurance solutions division.Steve Crabb, who was previously the CEO of the insurance unit, has been appointed as deputy chairman of the business.He will focus on organically growing...Reuters
Wed, Aug 13
Deals of the day-Mergers and acquisitions
August 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** Israeli software provider Sapiens International said that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm ...Reuters
Wed, Aug 13
Samvardhana Motherson Says Well-Positioned To Navigate Evolving Tariffs
Aug 13 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:WELL-POSITIONED TO NAVIGATE EVOLVING TARIFFSMAJORITY OF OUR SALES IN US ARE USMCA COMPLIANTFOR NON USMCA COMPLIANT PARTS, AGREEMENTS WITH CUSTOMERS TO PASS ON TARIFF COSTS ARE IN PROGRESSReuters
Wed, Aug 13
