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Bank of Japan to Maintain Accommodative Monetary Conditions, Yen Volatility Remains
BOJ Governor Kazuo Ueda stated that the central bank will continue its accommodative monetary policy for companies, while yen movements remain volatile.
Alphabet Surges on Strong Google Search and AI Performance, Beats Expectations
Alphabet’s shares rally nearly 7% as its dominant Google Search business performs well amid competition from Microsoft’s AI-powered Bing.
Rolls-Royce Raises Profit Forecast by 45% on Strong First Half Performance
Aero-engineer Rolls-Royce increases its full-year operating profit outlook by 45% after operational improvements and a rebound in long-haul flying.
European Consumer Products Makers Face Challenges Amid Rising Costs and Slowing Sales
Major European consumer goods companies, including Unilever and Reckitt, have managed high input costs by raising prices, but investors seek more innovation to counter declining sales volumes.
Indonesia Developing Financing Facility for Onshore Export Earnings Amid Backlash Over New Rules
Indonesia is addressing exporter concerns over new rules requiring onshore retention of export earnings by developing a financing scheme and tax incentives.
Euro Zone Lending Slows Amid Mounting Evidence of Rate Impact on Credit Creation
Lending to euro zone companies and households has slowed, indicating higher interest rates are curbing credit growth and economic expansion.
Nissan to Invest $663 Million in Renault’s Electric Vehicle Unit Amid Restructured Partnership
Japanese automaker Nissan will invest up to $663 million in Renault’s electric vehicle unit, Ampere, as part of their restructured partnership.
European Stocks Dip Amid Earnings and Fed Rate Hike Expectations
European stock markets retreat as investors analyze quarterly earnings reports. Fed set to raise rates, focus on Chair Powell’s comments. Oil prices dip on US inventories rise.
Elon Musk’s Rebranding of Twitter to “X” Sparks Speculations Over @X Handle Acquisition
Elon Musk’s rebranding of Twitter to “X” has led to curiosity about whether he obtained the @X handle for free or paid a substantial sum.
Thales to Acquire US Cybersecurity Company Imperva in $3.6 Billion Deal
Thales, a French defense electronics provider, expands its cybersecurity presence with the acquisition of Imperva, aiming to strengthen its position in the global cybersecurity market.
Chinese Property Developers’ Shares Rebound on Policy Support Pledge
Chinese property developers’ stocks and bonds surged after policymakers promised increased support for the struggling sector.
S&P Global Ratings Lowers Bangladesh’s Outlook to Negative Amid External Liquidity Concerns
S&P Global Ratings downgrades Bangladesh’s long-term rating outlook, citing risks to external liquidity and shrinking foreign exchange reserves.