S&P 500 Above Three-month High On More Signs Of Cooling Inflation
The S&P 500 was trading at its highest level in more than three months on Thursday, extending a rally from the previous session as fresh evidence of cooling inflation further cemented hopes of a smaller rise in interest rates.
In Gaza, Denial And Doubt Over Misfiring Rocket Claims
As the cleanup in Gaza continues from last weekend's brief conflict with Israel, another battle has continued over which side caused the casualties, after Israel said misfiring rockets from the Palestinian side killed 15 people in the enclave.
Deutsche Telekom Lifts Profit View, Aims For T-Mobile Majority Soon
Deutsche Telekom on Thursday raised its annual earnings forecast for the second time after beating quarterly estimates, and said it could achieve its goal of a majority stake in U.S.
Zurich Insurance Shares Rise On H1 Profit Beat, Share Buyback
Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ($1.91 billion) share buyback on Thursday, sending its shares higher.
Aegon Raises Capital, Cash Flow Forecasts In Boost To Shares
Insurer Aegon raised its forecasts for full-year operating capital generation and 2021-2023 free cash flow on Thursday after a quarterly earnings beat, lifting its shares more than 8%.
GSK, Sanofi, Haleon Slump On Zantac Litigation Concerns
Shares in GSK, Sanofi and Haleon fell sharply on Thursday, following declines earlier this week, amid growing concerns about U.S.
U.S. Startup Valuations Contract As Early-stage Investors Turn Cautious
U.S. startups seeking early-stage funding saw a decline in their valuations in the second quarter, as jittery venture capital investors urge founders to make more concessions.
U.S. High-yield Bond Funds Draw Cash As Recession Fears Ebb
U.S high-yield bond funds are attracting heavy investments, a turnaround from the selloffs of the first half of this year, as investors bet that the Federal Reserve will limit future interest rate hikes to try to avert an economic slowdown.
Biden To Tout Recent Legislative Wins Ahead Of U.S. Midterm Vote
U.S. President Joe Biden plans to travel across the country to tout a series of recent legislative victories on climate change, gun control and drug pricing as a win for Americans and a defeat for special interests, White House officials said on Thursday.
Wildfires Rage, Farmers Struggle As Another Heatwave Bakes Western Europe
Wildfires tore through parts of France, Spain and Portugal on Thursday as heatwaves baked Europe and the head of the European Space Agency urged immediate action to fight climate change.
OPEC Sees Lower 2022 Oil Demand Growth, Sticks To 2023 View
OPEC cut its forecast for growth in world oil demand in 2022 for a third time since April, citing the economic impact of Russia's invasion of Ukraine, high inflation and ongoing efforts to contain the coronavirus pandemic.
TSX Set To Extend Gains As U.S. Inflation Data Offers Relief
Canada's main stock index looked set to extend gains on Thursday, boosted by softer-than-expected U.S.
Swiss Army Airlifts Water To Thirsty Animals In Alpine Meadows
Swiss army helicopters have been drafted in to airlift water to thousands of thirsty farm animals sweltering under this summer's soaring temperatures in the country's Alpine meadows.
New Italian Centrist Group Aims To Fight Left And Right 'Populism'
The leaders of a newly-formed Italian centrist group said on Thursday their pact will offer an alternative to "populist" rightist and leftist parties at a national election scheduled next month.
'Count On Us': Scholz Promises New Package To Help Germans With Energy Bills
German Chancellor Olaf Scholz on Thursday promised a new package of measures, including tax relief, to help people struggling with rising prices and higher energy bills in the wake of the pandemic and Russia's invasion of Ukraine.
How Will SoftBank Cut Its Stake In Alibaba Without Selling Shares?
SoftBank Group Corp is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding from 23.7% to 14.6%.
Out Of The Frying Pan, Into The Fire? Meal Couriers Sweat Amid Heatwave
As Europe braces for another heatwave, one group of workers has little choice but to sweat it out: the couriers shuttling around town getting lunches and dinners to customers.
In Syria, A 'Golden' Crop Struggles To Regain Its Shine
Returning to their orchards after years of war, Syrian pistachio farmers hoping to revive their valuable crop have had their hopes dashed by scorched trees and the ravages of climate change.
Artists Paint Flowers Over Ukraine War Wreckage, Unsettling Some Locals
Artists have painted brilliant sunflowers over heaps of burnt-out cars destroyed in Russia's invasion of Ukraine - upsetting some locals who wonder if it is too soon to beautify the wreckage of war.
HSBC Overstated Asia Spinoff Risks, Top Shareholder Ping An Thinks - Source
Chinese insurer Ping An Insurance Group believes HSBC has overstated the challenges and difficulties of spinning off the bank, said a source with direct knowledge of the thinking of the bank's biggest shareholder.
K+S Expects High Potash Prices To Offset Gas Shortage Hit, Maintains Outlook
Potash and salt miner K+S reiterated its full-year profit guidance on Thursday, as it expects higher fertiliser prices to offset the impact of a potential gas shortage in Germany.
Explainer-Britain And Regulators Square Up Over Post-Brexit Financial Reform
Britain's government proposed a far-reaching financial services law last month to exploit "freedoms" to write its own capital market rules since leaving the European Union.
A Year Of Struggle As An Afghan Family Builds A New Life In California
Najib Mohammadi had high hopes for his life in the United States when he, his pregnant wife Susan and two small children left Afghanistan in July 2021.
Walmart's Long-lasting Challenge: Luring Budget Shoppers Back To Its Stores
Walmart Inc could face an uphill battle to reclaim U.S.
Analysis: Antitrust Rules, Petro-Canada Profits May Hinder Suncor From Selling Unit
Suncor Energy could reap over $8 billion and boost returns to unhappy shareholders if it sells its Petro-Canada gas station business, but Canadian antitrust rules and the need for the unit's steady profits could deter that move, analysts and shareholders said.
Analysis: Is Netflix Envy Over In Hollywood? Not Quite
Over an earnings period that appeared to signal the end of Netflix envy, Walt Disney Co restored hopes that growth in the streaming business will continue.
Ex-cop Could Get Eight Years In Prison For Role In Storming U.S. Capitol
A former Virginia police sergeant who joined Donald Trump's supporters in storming the Capitol on Jan.
After Deluge, Climate Change Fears Make S.Korea Prioritise Seoul Flood Defences
The heaviest rain in Seoul in 115 years has spurred the South Korean capital to revive a $1.15 billion plan to improve drainage after floods exposed how even the affluent Gangnam district is vulnerable to climate change-driven extreme weather.
Taiwan President Says China's Military Threat Has Not Decreased
The threat of force from China has not decreased but Taiwan will not escalate conflict or provoke disputes, President Tsai Ing-wen said on Thursday, as a source told Reuters the number of warships in the Taiwan Strait was "greatly reduced".
Ladbrokes Owner Entain Buys Into Europe As Gambling Pays Dividends
British betting group Entain said it would buy Croatia's SuperSport Group for 600 million pounds ($731 million) in cash on Thursday after the owner of Ladbrokes, Coral and bwin reported a 20% increase in half-year profit.