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Meta faces Italian investigation over AI tool on WhatsApp
MILAN, July 30 (Reuters) - Italy's antitrust authority said on Wednesday it had launched an investigation into Meta Platforms META.O over allegations it had abused its dominant position by pre-installing its artificial intelligence tool on messaging service WhatsApp.The watchdog said Meta may ha...Reuters
7 minutes ago
Hermes sales rise, with US prices rising 5% more than elsewhere
PARIS, July 30 (Reuters) - Birkin bag maker Hermes HRMS.PA outpaced rivals with a 9% rise in quarterly sales reported on Wednesday, showing continued appetite from rich shoppers for the French company's coveted, $10,000 handbags.Hermes Executive Chairman Axel Dumas said so far no further price h...Reuters
8 minutes ago
Thailand to submit final trade proposal to United States on Wednesday, minister says
BANGKOK, July 30 (Reuters) - Thailand's finance minister said on Wednesday that the border conflict with Cambodia has not impacted trade talks with the United States, adding that Thailand will submit its final trade proposal to Washington later in the day.Thailand faces a 36% U.S. tariff if a de...Reuters
11 minutes ago
Conduit Holdings Reduces ROE Expectations To Mid Single Digits For 2025
July 30 (Reuters) - Conduit Holdings Ltd CRE.L:CONDUIT HOLDINGS LTD - REDUCES ROE EXPECTATIONS TO MID SINGLE DIGITS FOR 2025CONDUIT HOLDINGS LTD: INTERIM DIVIDEND OF $0.18CONDUIT HOLDINGS LTD H1 GROSS PREMIUMS WRITTEN $803.3 MILLIONReuters
13 minutes ago
Japan Post Insurance Co Ltd - To Make Additional Investment In Re-Insurance Vehicle
Japan Post Insurance Co Ltd 7181.T:JAPAN POST INSURANCE CO LTD - TO MAKE ADDITIONAL INVESTMENT IN RE-INSURANCE VEHICLEJAPAN POST INSURANCE CO LTD - WILL INVEST $2 BILLION IN NEW RE-INSURANCE VEHICLE SPONSORED BY GLOBAL ATLANTICReuters
14 minutes ago
Santander's quarterly profit hits record as fees offset weak Mexico and Brazil
Q2 profit up 7% y/y to 3.43 bln euros vs forecasts of 3.2 blnQ2 net profit Mexico and Brazil hit by currency depreciations Santander gets OK to distribute 1.7 bln euros in buybacksEnds with solvency ratio of 13% at end-June vs 12.9% in March By Jesús Aguado MADRID, July 30 (Reuters) - Santand...Reuters
14 minutes ago
UK's International Personal Finance nears $655 million takeover deal with Basepoint Capital
July 30 (Reuters) - Britain's International Personal Finance IPF.L on Wednesday said it is in advanced talks with U.S.-based specialty finance group BasePoint Capital over a 223.8 pence per share potential takeover offer.The proposal, a 25% premium to IPF's closing share price on July 29, in...Reuters
18 minutes ago
China's top leaders vow to better manage capacity in key industries, state media reports
BEIJING, July 30 (Reuters) - China's top leaders pledged to manage disorderly competition among enterprises and improve capacity management in key industries in the second half of this year, state media Xinhua reported on Wednesday.China will keep policy continuity and stability while enhancing ...Reuters
20 minutes ago
US cancelled meeting with Taiwan as China trade talks loomed, FT reports
July 30 (Reuters) - The U.S. cancelled a meeting with Taiwan's defence minister in June, highlighting concern that President Donald Trump is wary of supporting the island in ways that could harm U.S. relations with China, the Financial Times reported on Wednesday.Taiwan's Wellington Koo had ...Reuters
23 minutes ago
South Korea-US trade talks also include chips, batteries and biotech, Seoul official says
SEOUL, July 30 (Reuters) - South Korea, which is holding trade negotiations with the United States, is focusing on areas that can lead to mutually beneficial agreements, the policy chief of South Korea's presidential office, Kim Yong-beom, said on Wednesday. In addition to shipbuilding, South Ko...Reuters
24 minutes ago
Porsche trims outlook as tariffs add to 'storm' of challenges
FY margin seen in lower 5-7% range Outlook includes 15% tariff, possible price adjustmentsNegotiations planned for H2 on jobs cutsBy Rachel More BERLIN, July 30 (Reuters) - Volkswagen's embattled luxury brand Porsche P911_p.DE cut its full-year profitability target on Wednesday after the EU&#...Reuters
24 minutes ago
JGB investors bide time before Fed, BOJ policy decisions
By Kevin BucklandTOKYO, July 30 (Reuters) - Japanese government bond yields were mostly flat on Wednesday amid sluggish trading as investors girded for monetary policy decisions from the U.S. Federal Reserve and Bank of Japan over the next 24 hours.The 10-year JGB yield JP10YTN=JBTC was flat at 1.55Reuters
25 minutes ago
Aston Martin warns on annual profit due to tariff disruption
July 30 (Reuters) - Luxury carmaker Aston Martin AML.L lowered its profit view on Wednesday due to "evolving and disruptive" U.S. tariffs, and said it now expects adjusted operating profit to roughly break even. U.S. tariffs have pummelled global automakers, forcing companies, including G...Reuters
27 minutes ago
UK's International Personal Finance nears takeover deal with Basepoint Capital
July 30 (Reuters) - Britain's International Personal Finance IPF.L on Wednesday said it is in advanced talks with U.S.-based specialty finance group BasePoint Capital over a 223.8 pence per share potential takeover offer.Reuters
29 minutes ago
Siemens Healthineers CFO Says Tariff Impact Between EUR 200-250 Mln Expected For FY 2025
July 30 (Reuters) - SIEMENS HEALTHINEERS AG SHLG.DE:SIEMENS HEALTHINEERS CFO IN CALL - NO SIGNS OF SUSTAINABLE MARKET RECOVERY IN CHINA YETSIEMENS HEALTHINEERS CFO IN CALL - TARIFF IMPACT WITH NET EFFECT BETWEEN 200-250 MILLION EUROS EXPECTED FOR FY 2025SIEMENS HEALTHINEERS CFO IN CALL - Q3 SAW TARI...Reuters
30 minutes ago
Mercedes-Benz sees 4-6% margin for car business, with $418 million tariff hit
Mercedez-Benz expects car business margin of 4-6% this yearEstimates 362 million euro tariff hit on the unit's adj. EBITSees group revenue 'significantly below' 2024 levelsGroup Q2 adj. EBIT halved to 1.99 billion eurosBy Amir Orusov and Alessandro Parodi July 30 (Reuters) - Mercedes...Reuters
34 minutes ago
Russia carries out strikes on Ukrainian military training centre, Russian agencies report
July 30 (Reuters) - Russian forces carried out Iskander missile strikes on a training camp of the Ukrainian Armed Forces in Ukraine's Chernihiv region, Russian news agencies reported on Wednesday, citing the Russian defence ministry.Reuters
42 minutes ago
