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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.
ZuluTrade Announces Partnership with Hextra Prime, Expanding Trading Opportunities
Finvasia’s ZuluTrade collaborates with Hextra Prime, enhancing its social trading platform, offering clients access to diverse trading opportunities.
Oil Prices Rise on Tighter Supply and Chinese Stimulus, Amid Fed Meeting Anticipation
Oil prices climb to three-month highs as signs of tighter supply and Chinese stimulus offset uncertainty over the Federal Reserve meeting.
European Stock Markets Await Corporate Earnings and Central Bank Meetings
European stock markets open slightly lower as investors anticipate corporate earnings and updates from the Federal Reserve and European Central Bank.
Volvo Cars Reports 54% Drop in Q2 Operating Earnings, Expects Healthy Demand Despite Pricing Pressures
Sweden-based automaker Volvo Cars reported a significant decline in Q2 operating earnings due to a one-off gain in the previous year.
European Carriers Set to Reap Earnings as North American Tourists Fuel Travel Demand
European airlines, including Air France-KLM, Lufthansa, and British Airways-owner IAG, are expected to see healthy earnings as North American tourists travel to Europe after prolonged pandemic lockdowns.
Jio Financial Services Valued at $20 Billion in Demerger from Reliance Industries
Jio Financial Services (JFS) has been valued at approximately $20 billion after its demerger from Reliance Industries, expanding the conglomerate’s presence in the financial services sector.
