Elon Musk Renames Twitter as X and Unveils New Logo, Focusing on Building an “Everything App
Elon Musk Renames Twitter as X and Unveils New Logo, Focusing on an “Everything App” in a Mixed Reaction.
Shams Ul Zoha
Barbie Movie Release May Boost Mattel’s Sales, but Wall Street Remains Cautious
The release of the Margot Robbie-starrer “Barbie” movie is expected to provide a short-term boost to Mattel’s doll sales, but analysts remain skeptical about sustained growth.
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.
Adidas and Puma’s Retro Terrace Sneakers Trend Could Challenge Nike, but U.S. and Chinese Demand Weakens
German sportswear giants Adidas and Puma are experiencing renewed interest in their retro “terrace” sneakers, potentially giving them an edge over Nike this summer, though overall consumer demand in the U.S. and China remains weak.
Bayer Cuts Earnings Outlook and Announces Write-Down on Glyphosate Assets
German drugs and pesticides maker Bayer lowers its 2023 earnings forecast and plans a €2.5 billion write-down on glyphosate-related assets.
South32 to Incur $1.3 Billion Charge for Hermosa Project, Restores Most Operations
South32, the Australian miner, will take a significant one-off charge of $1.3 billion for its Hermosa project in Arizona while resuming operations in Q4.
Remy Cointreau Reports Q1 Sales Dip Amid Hopes for US Rebound
French spirits group Remy Cointreau experiences a decline in Q1 organic sales, betting on a US sales rebound in Q3.
Sri Lanka Aims to Complete Free Trade Talks with Thailand by February
Sri Lanka is pursuing free trade talks with Thailand and plans to sign an agreement in March to expand trade opportunities amid its economic recovery from a severe crisis.
Chinese Property Stocks Rebound on Promises of Economic Support
Chinese property stocks bounce back as top policymakers pledge additional economic support for the struggling sector.
