IBT Staff Reporter

Barclays' first-half profits were dented by a 1.9 billion pound ($2.3 billion) hit for regulatory missteps, including the costs of having to buy back billions of dollars of securities the bank sold in error.

Barclays' first half profit fell more than expected due to a 1.9 billion pound ($2.3 billion) hit for regulatory misteps mostly from covering the costs of having to buy back billions of dollars worth of securities it sold in error.

Global miner Anglo American cut payouts to shareholders after higher costs and lower production, in part because of extreme weather, reduced first-half earnings by just over a quarter versus a year ago.

As the United States pushes ahead with its steepest interest rate hikes in a generation, investors are unusually poised to buy in Asia's emerging markets, betting authorities can tame inflation without triggering the capital-flight chaos of previous cycles.

Shell on Thursday reported a second quarter profit of $11.5 billion, smashing its previous record just three months earlier, lifted by a tripling of refining profits and strong gas trading.

Stellantis beat first-half profit forecasts thanks to strong pricing and high-margin vehicle sales, but rising production as a chip shortage eases could hit the auto industry's ability to raise prices in 2023, its top executive warned on Thursday.

Strong pricing power and sales of high margin vehicles including electric ones helped Stellantis to beat profit forecasts in the first half of the year despite headwinds from energy and raw material inflation and semiconductor scarcity.

Kenya's economic output has more than doubled during President Uhuru Kenyatta's 10 years in office, but a debt binge that fuelled growth and investment could cramp his successor's ability to tackle growing hunger and soaring prices.

Bearish bets on the Thai baht extended on risks around recession, the Chinese economy, and inflation, while short bets on most Asian currencies eased slightly but remained firmly around multi-month highs, a Reuters poll showed on Thursday.

Investors are gauging whether the U.S. Federal Reserve has reached the peak of its aggressiveness in hiking rates, with some saying they're ready to up risky positions again.

Japan will hold off on setting a ceiling for next fiscal year's defence spending, a draft of the government's budget outline reviewed by Reuters showed, underscoring resolve to beef up expenditure to counter China's growing military presence.

Volkswagen said it expected to reach the upper end of its 7%-8.5% operating margin goal for the year on Thursday, as supply chain bottlenecks in items from wire harnesses to chips eased, and confirmed plans to list its Porsche brand this year.

Volkswagen confirmed its full-year outlook on Thursday as supply chain bottlenecks in items from wire harnesses to chips eased, but warned the war in Ukraine and threats to European energy supply loomed over the second half.

Hundreds of aftershocks shake earthquake-hit northern Philippines

Nestle warned on Thursday that price hikes could eventually weigh on sales volumes for the maker of Cheerios cereals, Kit Kat bars and Nescafe as it raised its full-year sales growth forecast to 7-8% and trimmed its margin guidance.

South Korean export growth rate likely rebounded in July, but remained in the single-digit level, a Reuters poll showed on Thursday, while consumer inflation is seen accelerating to a fresh 24-year high.

Chinese leader Xi Jinping warned against playing with fire over Taiwan in a call with U.S.

Chinese President Xi Jinping on Thursday warned U.S.

Chinese President Xi Jinping on Thursday warned U.S.

U.S. President Joe Biden and China's Xi Jinping held a fifth call as leaders on Thursday, speaking for more than two hours, as concerns mounted over a possible visit to Chinese-claimed Taiwan by U.S.

Two German renewable companies hope to build one of the country's biggest solar parks among rolling hills in the eastern district of Barnim to improve energy security in the face of an unprecedented supply crisis.

Struggling Chinese developer Evergrande Group is selling its Hong Kong headquarters via a tendering process that ended on Thursday, a source with direct knowledge said, and local developer CK Asset confirmed it has bid for it.

Easy targets: Drug mules fill women's jails in Hong Kong

China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as it tries to revive the debt-stricken sector and relieve pressure on the economy.

A first read on U.S. economic growth last quarter, due out Thursday, will amplify an ongoing debate over whether the country is, or will soon be, in recession.

India's gold demand in the first half of 2022 jumped 42% from a year ago but consumption in the second half could be lower than last year as higher inflation erodes disposable income, the World Gold Council (WGC) said on Thursday.

Meiji Yasuda Life Insurance Co is ready to buy U.S.

South Korea's financial supervisory and prosecution agencies said on Thursday they would strengthen monitoring and punishment of illegal stock short-selling following an order by the country's president.

Samsung Electronics says operating profits up 12.18 percent in Q2