Ocado Keeps Outlook After Swing to Profit
Ocado reiterated its 2023 targets after reporting underlying earnings of £16.6 million for the first half of the year but a widened […]
USD/SGD Edges Lower on Prospects of Less Fed Tightening
USD/SGD edged lower on prospects of less Fed tightening, which would reduce the allure of U.S. fixed-income assets and demand for the […]
Novartis Upgrades Outlook After Strong First Half
Novartis said it expected core operating income to grow in the low double digits from a previous expectation of high-single-digit growth, lifted […]
SEB Profit Tops Forecasts on Net Interest Income Strength
SEB posted an increased net profit of SEK9.8 billion in the second quarter as net interest income rose 53%, but said that […]
German Bond Curve Seen Slightly Less Inverse on One-Year Horizon
The German government bond curve is expected to become slightly less inverted on a one-year horizon, but the spread between two- and […]
China Plans to Build a Satellite Network to Rival Elon Musk’s Starlink
China plans to launch thousands of broadband satellites into low-Earth orbit to bring hundreds of millions online and sell connections across the […]
Australian Banks’ Deposits Battle to Intensify
Heightened competition between Australian banks for deposits is likely to continue amid a range of funding pressures, said Bank of Queensland’s general […]
Beijing Launches Policies to Boost Consumption—But Not Major Stimulus
Chinese authorities released a set of policies to bolster domestic consumption—but the moves fell short of major stimulus, underscoring Beijing’s limited options […]
The Best of Frenemies: Saudi Crown Prince Clashes With U.A.E. President
The Saudi leader has pulled away from his former mentor as they compete to dominate the Gulf, where U.S. power has waned.
Want to Live in London? Write Your Future Landlord a Love Letter
Renters in the hot market audition with personal statements—including boasts about 5K races—to win over owners; it’s ‘a dance.’
Ukraine Adopts Slow Approach to Counteroffensive
The swift loss of several tanks and infantry fighting vehicles, many of them immobilized by mines or missiles from attack helicopters, has […]
The Man Charged With Steering the Yuan Through China’s Economic Turmoil
Pan Gongsheng has experience in high-stakes tasks, but China’s fragile economy raises new risks.