Dutch Start Towing Burning Car Carrier as Smoke Subsides
Dutch authorities began towing a ship carrying thousands of automobiles days after it started burning off the coast of the Netherlands.
Bloomberg Business
Japan’s Biggest Banks Beat Estimates, Adding to BOJ Tailwind
Two of Japan’s largest lenders posted profits that beat analysts’ forecasts in their fiscal first quarter, marking a solid start to the year that is projected to deliver bumper results.
Derivatives Show Retail Traders Bullish Even as India Run Eases
The rally that propelled Indian stocks to a record earlier in July stalled last week, but positioning in the derivatives market shows that retail investors continue to be bullish.
Ex-Cantor Investor Takes Aim at OnTheMarket After Failed Offer
A would-be activist has penned a second letter to shareholders of OnTheMarket Plc, launching a scathing attack on the running of the property search portal and its decision to snub his investment bid.
Suicide Bomb Blast Kills 45 at Pakistan Rally as Elections Near
Forty-five people were killed and over 135 injured when a militant detonated himself at a rally organized by a key party in Prime Minister Shehbaz Sharif’s coalition, as terror attacks increase ahead of elections due November.
Shimao Slumps 67% After Posting Steep Losses in Delayed Results
Shimao Group Holdings Ltd. slumped by the most ever as trading resumed following a 16-month halt and the defaulted Chinese developer disclosing steep losses the past two years in long-delayed results, underscoring the sector’s lingering financial stress.
Cheap Beer Choices Hold Earnings Risk for Europe’s Brewers
It’s been a sobering earnings season for Europe’s corporations so far.
SNB Payout to Switzerland Less Likely After Weak Second Quarter
A Swiss National Bank payout to the Swiss government and cantons for 2024 is looking less likely after losses in the second quarter halved the central bank’s early-year profits.
Goldman, Morgan Stanley See BOJ Tweak Boosting Japan Stocks
Strategists at Morgan Stanley and Goldman Sachs Group Inc. see the Bank of Japan’s tweak of yield-curve control as providing clarity that will support further gains in the nation’s equity market.
Pimco Warms Toward China Bonds on Weak Economy, Monetary Easing
Bearishness among foreign investors toward China’s bonds is easing after last year’s rout, with Pacific Investment Management Co. becoming the latest to warm up to the debt.
