Equities
Schindler wins elevator contract for GM’s New York HQ modernization
Swiss elevator maker to upgrade General Motors’ iconic Manhattan headquarters under a multi-year deal. Financial terms not disclosed.
European stocks edge lower as SIG Group weighs on Swiss index
DAX holds gains despite muted opening; SIG Group shares plunge after profit warning. Swiss SMI falls 0.8% as investors assess regional earnings outlook.
CSL shares surge 16.4% after FY2026 outlook upgrade
Biotech firm CSL lifts full-year guidance for FY2026, citing stronger demand and operational improvements. Shares rise to record highs.
Nestlé faces potential loss of control over Russian operations
Russian logistics firm KS Logistika seeks to take over Nestlé’s local business amid legal and regulatory pressures. Swiss conglomerate confirms talks but denies outright expropriation.
Nike shares hit 12-year low as UBS warns of falling sneaker prices
Nike stock fell to its lowest level since 2012 after UBS downgraded the company, citing concerns over declining sneaker prices and weak demand. Analysts warn of further pressure.
Jefferies maintains 'Hold' on Swiss Re with CHF 130 target
Analyst Philip Kett cites reinsurance sector headwinds as reason for unchanged rating. Swiss Re shares trade near CHF 120.
European stocks rise as Adyen surges after earnings beat
Earnings-driven gains led by Dutch payments firm Adyen, offsetting broader European market caution. DAX, CAC 40 and FTSE 100 all advance.
Pony AI posts widening losses as robotaxi expansion accelerates
Chinese autonomous driving firm Pony AI reports deeper losses despite rapid expansion of its robotaxi fleet, raising questions over long-term profitability.
InspireMD Q2 2026 revenue misses estimates, shares fall
Medical device maker posts lower-than-expected revenue for the quarter, triggering a decline in its stock price. Analysts weigh impact of miss on outlook.
Germany open to selling Commerzbank stake to UniCredit: report
German officials reportedly consider divesting state holdings in Commerzbank to Italy's UniCredit, a move that could reshape the European banking landscape.
Dax inches closer to record as Iran war concerns weigh
German blue-chip index ends near all-time high but lacks momentum amid geopolitical risks and weaker U.S. equities. Investors remain cautious ahead of key data releases.
DAX ends weak start to week as Iran tensions weigh
German blue-chip index slips from record high amid geopolitical uncertainty and softer U.S. equities. Frankfurt trading volume falls below recent averages.
Saudi Arabia stocks slip 0.11% as Tadawul All Share ends lower
The Tadawul All Share index declined 0.11% on Wednesday, weighed by broad-based losses across key sectors.
Olectra Greentech Q1 2026 revenue rises 66% on bus demand
Indian electric bus maker Olectra Greentech reports sharp revenue growth in the first quarter of fiscal 2026, driven by rising demand for sustainable transport solutions.
Unitree humanoid robot maker to list on Shanghai exchange Aug 19
Chinese robotics firm Unitree will debut on the Shanghai Stock Exchange on August 19, marking a major step in the country's push to commercialize humanoid technology.
Workday buyout buzz sparks European software stocks
Speculation over a potential acquisition of Workday lifts European software shares, with investors eyeing sector consolidation amid market volatility.
Oncoclínicas Q2 2026 cash flow rebounds despite supply crisis
Brazilian oncology services provider sees improving liquidity in Q2 2026, though operational challenges persist amid supply constraints. Slides highlight financial recovery amid broader healthcare sector pressures.
COMPASS Pathways shares surge after FDA milestone
Psychedelic therapy developer COMPASS Pathways rallies after FDA acceptance of its psilocybin therapy application, marking a pivotal turnaround.
XP Inc beats Q2 2026 profit estimates as shares decline
Brazil-based fintech XP Inc reported second-quarter 2026 earnings above market expectations, though its stock fell on the day. Results reflect growth in core financial services amid competitive pressures.
Mitek Systems appoints Aaron Seyler as chief revenue officer
Seyler, previously at DocuSign, will oversee global revenue strategy and operations for the digital identity verification firm.
Analysts flag biotech stocks with highest upside potential
Top biotech picks identified by analysts show strong upside potential, combining high conviction ratings with undervaluation metrics.
Berkshire Hathaway raises stake in DR Horton to 10.8%
Warren Buffett's firm boosts exposure to the U.S. homebuilder as housing market faces affordability pressures and shifting mortgage rates.
Parsons wins $665 million U.S. Army support contract
Defense contractor Parsons secures a five-year deal to provide logistics and operational support services to the U.S. Army.
K92 Mining names new CEO as Lewins steps down
Medilek appointed to lead K92 Mining after Lewins departs. Transition follows strategic review of operations.