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Warren Buffett Is Retiring in 4 Months, and His Successor May Sell This Core Holding Not Long Thereafter
Key PointsBerkshire's billionaire boss will retire from the CEO role at the end of the year.Warren Buffett labeled eight stocks as "indefinite" holdings in his annual letter to shareholders, which means these stocks are almost certainly off-limits for successor Greg Abel.However, one of Berkshire's ...The Motley Fool
30 minutes ago
Should You Buy Broadcom Stock Before Sept. 4? Here's What History Shows.
Key PointsBroadcom stock has been on a blistering run over the past year, climbing 79%.The company's thriving artificial intelligence (AI) semiconductor and networking business has driven an enviable increase in sales and profits. Broadcom's upcoming quarterly results will be a critical moment for t...The Motley Fool
34 minutes ago
Japan's Nikkei falls as August rally spurs profit-taking
By Kevin Buckland TOKYO, Aug 29 (Reuters) - Japan's Nikkei share average fell on Friday, as August's rally invited profit taking on the month's final trading day, while a stronger yen and some weak economic readings weighed.Tech-heavy Nikkei .N225 dropped 0.26% to finish the day at 42...Reuters
38 minutes ago
Jefferies swaps Aditya Birla Real Estate for Mahindra in key India portfolio
** Jefferies replaces Aditya Birla Real Estate AITE.NS with automaker Mahindra & Mahindra MAHM.NS in long-only India equity portfolio rejig** AITE is up 183% since the investment in July 1, 2021 - Christopher Wood, Jefferies' global head of equity strategy, writes in GREED & Fear report ...Reuters
an hour ago
Nemetschek seen up on positive read-across from Autodesk's Q2 beat
** Shares in German software developer Nemetschek NEKG.DE rise 2.1% in pre-market indications after U.S. peer Autodesk ADSK.O delivered its Q2 results and Q3 forecast above market expectations** Software firm Autodesk posted its Q2 revenue at $1.76 billion, compared to analysts' average estimate...Reuters
2 hours ago
LIVE MARKETS-Waiting on PCE for rate clues
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comWAITING ON PCE FOR RATE CLUES Investors cap off a volatile week dominated by Federal Reserve drama and Nvidia NVDA.O earnings wi...Reuters
2 hours ago
GLOBAL MARKETS-Asia shares lifted by Wall St as markets await US inflation data
Stocks hesitant ahead of US PCE inflation dataShares of China's Cambricon Technologies slide after company issues risk alertDollar headed for monthly fall on rate cut bets, worries over Fed independenceBy Rae Wee SINGAPORE, Aug 29 (Reuters) - Asian stocks edged higher on Friday, riding a tech...Reuters
2 hours ago
Crypto Daily | US Puts GDP Data on the Blockchain; Michael Saylor Hit by Market Revolt; Tether Stablecoin USDT Coming to Bitcoin Blockchain
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsUS Puts GDP Data on the Blockchain in Trump Crypto PushThe US government on Thursday began distributing gross domestic product data on public blockchains, marking t...Tiger News
2 hours ago
Japan's Nikkei falls as August rally spurs profit taking
TOKYO, Aug 29 (Reuters) - Japan's Nikkei share average fell on Friday as August's rally invited profit taking on the final trading day of the month, while a stronger yen and some weak economic readings also weighed on sentiment.Reuters
2 hours ago
Inside European banks' stellar run: towards or beyond the sweet spot?
European bank near highest levels since 2008Rate backdrop still supportive for sector - analystsFrench political risk a headwind for banksBy Jakob Van Calster and Mateusz Rabiega Aug 29 (Reuters) - Resurgent European bank shares, up over 40% this year, face testing times with sentiment already be...Reuters
3 hours ago
India's RBL Bank climbs after Societe Generale buys shares
** Shares of RBL Bank RATB.NS gain 4.3% to 261.65 rupees; set for best day since early-July ** Societe Generale SOGN.PA net bought 3.3 million RATB shares for 250.57 rupees apiece via bulk deal, exchange data showed ** About 28.2 million shares traded, 2.3x the 30-day avg ** Stock still down 1.9% so...Reuters
3 hours ago
MORNING BID EUROPE-Waiting on PCE for rate clues
A look at the day ahead in European and global markets from Rae WeeInvestors cap off a volatile week dominated by Federal Reserve drama and Nvidia NVDA.O earnings with Friday's release of a key inflation measure that could influence the Fed's September policy meeting.Expectations are for the...Reuters
3 hours ago
India's Hexaware rises after coding deal with Replit
** Shares of Hexaware HEXW.NS rise 2.2% to 792 rupees** Co partners with San Francisco-headquartered Replit to transform enterprise software development through secure, governed Vibe Coding** Vibe Coding is a way of programming using AI, where one can create entire working pieces of software based o...Reuters
3 hours ago
IIFL Capital starts coverage on India's Cohance with 'buy'
** IIFL Capital initiates coverage on contract research and drug manufacturing firm Cohance Lifesciences COHA.NS with "buy" and PT of 1,140 rupees** Brokerage says COHA's acquisitions of drugmakers NJ Bio and Sapala strengthen its position in the fast-growing market of antibody drug conj...Reuters
3 hours ago
The “No-Error Era” for AI Chip Stocks: Marvell Meets Expectations Yet Plunges 11%
TradingKey - Custom chip giant Marvell Technology (MRVL) reported its latest quarterly results:Q2 revenue hit a record $2.01 billion, up 58% year-over-year. Adjusted EPS of $0.67, in line with market expectations.
TradingKey
4 hours ago
Deeply Committed to Long-Termism: China Leon Inspection Builds Long-Term Competitive Barriers through Dual Drivers of Globalization and AI Innovation
[Hong Kong－29, August 2025] The reputable international inspection and testing company, China Leon Inspection Holding Limited (“Leon Inspection” or the “Company”, together with its subsidiaries, the "Group")(Stock code: 1586.HK) is pleased to announce that, amidst a complex environment marked by escalating geopolitical conflicts, fluctuating trade policies, and rising uncertainties in the commodity market, the Group has adhered to its “long-termism” development philosophy. By intensifying strategic investments in the expansion of its global service network and the research and application of AI technology, the Group has laid a solid foundation for sustainable mid-to-long-term growth. In the first half of 2025, the Company achieved revenue of approximately HK$602.8 million, with profit attributable to the Company’s owners for the period amounting to approximately HK$40.7 million. Investments in global network expansion, AI-driven technological innovation, and talent development during the first half of the year have impacted short-term performance but have significantly strengthened the Group’s triple moat of “service network + innovative technology + brand credentials.” This positions the Group to seize broader growth opportunities in the Testing, Inspection, and Certification (TIC) industry, enhancing its long-term value creation capabilities.Global Service Network Upgraded Further, Capturing Opportunities in Emerging MarketsThe Group continues to deepen its global presence and diversify its business operations. Its service network, previously covering major trading ports and hub cities in the Asia-Pacific region, has now extended to multiple emerging markets. In the first half of 2025, the Group accelerated its overseas market expansion, adding 200 new overseas employees and focusing on high-potential markets such as Africa and the Middle East, injecting strong momentum into the Group’s performance growth. As of June 30, 2025, the Group’s global network comprises 80 branches and professional laboratories across 19 countries, with a global workforce of 3,574 employees, significantly enhancing its localized service capabilities and customer response efficiency.Focusing on AI-Driven Technological Innovation, Ushering in a New Era for the TIC IndustryIn the first half of 2025, the Group prioritized AI as a key area for technological application, seizing opportunities in the AI industry’s rapid development. The Group made significant strategic investments in the research and application of AI robotics, proactively preparing for industry transformation through forward-looking efforts in talent acquisition and technological upgrades. By leveraging AI and robotics to drive technological innovation, the Group has accelerated AI empowerment across business scenarios, establishing a blueprint for intelligent enterprise development.In the first quarter of this year, the Group announced phased achievements in AI technology applications, achieving breakthroughs in innovative applications and deploying them across three key scenarios. The Group’s Information Technology Center, through its independently developed “Leon AI System,” has pioneered the deep integration of large-scale AI models with core energy inspection operations, marking the official transition of traditional inspection services into an “intelligent-driven” new phase. Additionally, addressing the personalized needs of modern enterprise safety production, the Group has integrated IoT, big data analytics, and multimodal AI technologies to advance the development and implementation of an intelligent safety production platform. This platform, powered by AI, aims to optimize enterprise safety management efficiency by deeply analyzing unique safety risk characteristics and seamlessly integrating with operational systems. In the second half of 2025, the Group plans to further advance the global deployment of its AI system, achieving continuous breakthroughs in establishing cross-border intelligent inspection mutual recognition systems, developing AI-based carbon emission accounting modules, and building quality prediction models for energy commodities.Commodity Business Reaches New Heights, Professional Services and Brand Credibility Recognized by the MarketLeveraging its outstanding technical qualifications and global service experience, the Group has solidified its leadership in the commodity inspection sector. In the first half of 2025, the Group secured qualifications as a designated inspection agency for the Shanghai Futures Exchange’s “aluminum alloy futures” and the Guangzhou Futures Exchange’s “polysilicon futures.” To date, the Group has obtained qualifications from China’s five major exchanges (Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, Guangzhou Futures Exchange, and Shanghai International Energy Exchange) for 13 core futures products, including ferroalloys, lithium carbonate, and industrial silicon. This makes the Group one of the most comprehensive inspection agencies in China, covering new energy metals, ferrous metals, and non-ferrous metals, laying a strong foundation for serving global commodity industry leaders. Moving forward, the Group will accelerate expansion into emerging markets such as the Middle East, Africa, and Southeast Asia, focusing on high-growth new energy sectors, reinforcing professional technical barriers, and fostering differentiated competitive advantages. With impartial, efficient, and professional services, the Group will contribute to the high-quality and sustainable development of the new energy industry, enhancing its global competitiveness.Below is the list of futures inspection qualifications obtained by the Group and its subsidiaries from major exchanges to date:Exchange Futures products Shanghai Futures Exchange Copper, aluminum, zinc, alumina, aluminum alloy Dalian Commodity Exchange Coking coal, coke, iron ore Zhengzhou Commodity Exchange Thermal coal, ferrosilicon, manganese-silicon Guangzhou Futures Exchange Industrial silicon, lithium carbonate, polysilicon Shanghai International Energy Exchange Bonded copper Comprehensive ESG Service Capabilities Highlighted, Green and Low-Carbon Achievements Recognized by AuthoritiesAligned with its core ESG (Environmental, Social, Governance) sustainable development strategy, the Group has adopted a three-dimensional approach—“ESG-Friendly, ESG+, ESG-Focused”—to provide clients with comprehensive green services covering “inspection, consulting, and trading.” In clean energy, the Group has developed full-lifecycle service capabilities for wind and solar power, including manufacturing supervision, unit maintenance testing, and power generation stability optimization. In environmental protection, the Group’s Leak Detection and Repair (LDAR) services help enterprises reduce pipeline accident rates and achieve low-carbon emission reductions. In climate change, the Group’s expertise in carbon asset trading and carbon neutrality solutions has positioned it as a core trader in the Beijing carbon market, earning the “2024 Best Trading Award” from the Beijing Green Exchange, underscoring the industry’s high recognition of the Group’s carbon market service capabilities. As global carbon market regulations become clearer, the Group will further leverage its expertise in carbon market mechanisms and its ability to integrate government and enterprise resources to help more clients align with international carbon reduction frameworks, seizing opportunities in the green and low-carbon transition.Mr Li Xiangli, Chairman and Chief Executive Officer of China Leon Inspection Holding Limitedstated that: “Short-term performance fluctuations are an inevitable part of strategic investments. The Group remains committed to long-term value creation. Moving forward, we will focus on deepening our global presence, advancing AI-driven technological innovation, and strengthening ESG capabilities to build an inimitable competitive moat, continuously creating long-term value for shareholders, clients, and society.”-END-About China Leon Inspection Holding LimitedChina Leon Inspection Holding Limited (stock code: 1586. HK) was listed on the Main Board of the Stock Exchange in 2016. The Company is China’s first international leading inspection and testing company listed in Hong Kong, focusing on integrated solutions for climate change and green and low-carbon sustainable development. The Company provides global industry leaders with a wide range of one-stop services in testing, and inspection, as well as technical and consulting services around the clock, focusing on four key areas, namely commodity services, clean energy, environmental protection and climate change, empowering global industry leaders to achieve ecofriendly and low-carbon transformation. The Company continues to strengthen its global network layout, expanding its presence from major trading ports and hub cities in the Asia Pacific region to emerging markets in South America and Africa serves, and comprises 80 branches and professional laboratories globally. ESG-oriented development is a key priority for the Company’s “3+X” development strategy. Through the three main implementation dimensions of (1) ESG-Friendly+; (2) ESG+; and (3)ESG+-Focused , we have achieved our ESG development strategies, fulfilled our corporate social responsibility, and contributed to the green and low-carbon transition of the industry.29/08/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
5 hours ago
