Stocks

Porsche faces challenges in BEV production due to supply chain issues, impacting its growth in Europe and China while maintaining BEV sales target.

Regal Partners Ltd has offered a non-binding buyout proposal to acquire Australia’s Pacific Current Group at A$573.5 million ($388.1 million), providing shareholders with A$7.50 in cash per share and 2.2 shares of GQG Partners, which Regal manages.

NatWest’s CEO, Alison Rose, steps down after facing backlash for breaching client Nigel Farage’s confidence, despite her notable achievements in the banking sector.

PacWest Bancorp’s shares surge as Banc of California agrees to purchase the lender for $1.1 billion in an all-stock deal.

LVMH’s in-line sales increase indicates a shift in luxury sector growth, leading to stock decline and questions about future earnings.

Rio Tinto reports lowest first-half earnings in three years due to easing iron ore prices, announces dividend cut. Cautiously optimistic about China’s economy.

BOJ Governor Kazuo Ueda stated that the central bank will continue its accommodative monetary policy for companies, while yen movements remain volatile.

Alphabet’s shares rally nearly 7% as its dominant Google Search business performs well amid competition from Microsoft’s AI-powered Bing.

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.