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Levi Strauss shares jump after raising forecasts on strong global denim demand

11 Jul 2025

By Juveria Tabassum (Reuters) -Levi Strauss shares rose 7% on Friday after the denim maker raised its annual revenue and profit forecasts, counting on robust demand at its stores and website to offset a margin hit from U.S. tariffs. The company has been investing in its direct-to-consumer-first strategy and focusing on its core denim lifestyle …

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BMW CEO hopeful for ‘manageable’ deal on US auto import tariffs

11 Jul 2025

MUNICH (Reuters) -BMW’s CEO said on Friday he was optimistic that the European Union and the United States would soon reach a “manageable” agreement on auto import tariffs, potentially including a mechanism to offset imports with exports. Oliver Zipse’s comments come as Europe awaits a letter from the U.S. administration under Donald Trump that could …

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Global equity funds draw second weekly inflow on AI rally, tariff delay

11 Jul 2025

(Reuters) -Global equity funds drew inflows for a second consecutive week in the seven days to July 9, boosted by a rally in AI-linked stocks and expectations that pushing the U.S. tariff rollout to August could positively affect ongoing trade talks. Investors purchased a net $10.21 billion in global equity funds during the week to …

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Norwegian Air beats expectations, to pay first dividend

11 Jul 2025

By Vera Dvorakova and Agnieszka Olenska (Reuters) -Budget airline Norwegian Air reported second-quarter earnings above market expectations on Friday and said it would pay a dividend for the first time in its 23-year history, sending its shares up nearly 8%. Norwegian said that it had seen particularly strong demand in June, reporting its highest passenger …

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BP flags gas, oil price hit; higher upstream output in second quarter

11 Jul 2025

By Shadia Nasralla LONDON (Reuters) -BP’s second-quarter results are expected to be impacted by lower prices received for gas and oil, while its upstream output is set to be higher than previously forecast, the company said in a trading update on Friday ahead of results due on August 5. Crude oil prices fell in the …

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Caxton Associates finishes half year with a positive 14% return, says source

11 Jul 2025

LONDON (Reuters) -London hedge fund manager Andrew Law’s Caxton Associates, which wagers on macro economics, finished June with a 2% positive return, bringing its half-year return to 14%, according to a source familiar with the matter. Tailwinds to the hedge fund’s performance included a negative outlook on the UK economy, the source said. By Friday, …

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Germany’s Covestro cuts 2025 guidance again

11 Jul 2025

(Reuters) -German chemicals maker Covestro cut its full-year outlook for a second time on Friday, citing a continuously weak global economy without signs of a short-term recovery. The company now sees its 2025 earnings before interest, taxes, depreciation and amortization (EBITDA) within a range of 700 million to 1.1 billion euros ($818.65 million-1.29 billion), down …

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Analysis-High-priced stocks and bonds raise tariff threat for markets

11 Jul 2025

By Naomi Rovnick and Amanda Cooper LONDON (Reuters) -Global markets are telling conflicting stories about the possible longer-term impact of U.S. tariffs on growth, a schism that investors say means either stocks or bonds could see a steep correction once it’s clear which is right. U.S. President Donald Trump’s erratic approach to trade policy that …

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UK economy shrinks again in May, raising new worries over outlook

11 Jul 2025

By Andy Bruce and William Schomberg (Reuters) -Britain’s economy contracted unexpectedly for a second month running in May, official data showed on Friday, compounding worries at home for finance minister Rachel Reeves as the nation navigates growing global turbulence.  Gross domestic product shrank by 0.1% after a 0.3% drop in April, the Office for National …

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