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Ubtech Robotics shares drop 2.9% as robotics sector sell-off widens
Stock falls alongside broader China robotics sell-off after Unitree Robotics' Shanghai IPO. Ubtech faces dilution risks ahead of August 26 EGM.
Ares Management in talks for stake in Kolkata Knight Riders
U.S. alternative asset manager Ares Management is exploring a minority investment in the Indian Premier League franchise, according to sources. No final terms have been agreed.
IWC to cut 18 jobs in Schaffhausen restructuring
Swiss luxury watchmaker IWC will eliminate 18 positions at its Schaffhausen plant, part of a broader organizational adjustment aimed at long-term growth.
Swiss SMI posts second straight weekly loss as pharma, Partners Group slide
The Swiss Market Index falls 0.34% to 14,319.29 as Roche, Novartis and Partners Group weigh on blue chips. Brent crude holds above $93 a barrel amid Middle East tensions.
Analysis: US Treasury buybacks seen supporting softer dollar, risk appetite
Analysts argue the latest US Treasury intervention signals concern over high bond yields rather than a policy credibility crisis, potentially aiding high-beta and emerging market currencies.
Nebius prices $5 bln convertible notes offering, ups size from $4.5 bln
The Amsterdam-based AI infrastructure group raised $5 billion in convertible notes, split between 2030 and 2034 maturities, with proceeds earmarked for data centers and AI cloud expansion.
Solaris Energy Infrastructure shares drop 9% on Memphis data-center moratorium
Concerns over a municipal ban on new data centers and a lawsuit tied to temporary turbines pressured shares of the energy infrastructure firm. Analysts cite permit status and location as mitigating factors.
Australia jobless rate climbs to 4.5% as hiring declines in July
Unemployment unexpectedly rose to 4.5% last month, with employment falling by 15,800 jobs, reversing most of June’s gains. Markets trim rate-hike bets ahead of September RBA meeting.
EuroStoxx 50 slips 0.35% as yields, oil rise; Swiss SMI steadies on China trade deal
Eurozone blue-chips extended losses as bond yields and crude prices climbed, while Switzerland's SMI trimmed declines after a China trade pact lifted exporters including Swatch. JD Sports sank 14% on a profit warning.
Fortescue reports record iron ore shipments, AUD 3.5 bln FY26 profit
Australia’s Fortescue posts 9% revenue growth and AUD 3.2 bln free cash flow for FY26, while maintaining a 65% payout ratio. FY27 shipment guidance raised to 197-207 mln tonnes.
Santacruz Silver posts 55% revenue jump in Q2 2026, AISC falls 24%
Silver miner Santacruz Silver Mining reported $113.46 million in revenue for Q2 2026, up 55% year-over-year, while all-in sustaining costs dropped to $21.87 per ounce. Net income fell to $2 million amid non-cash charges tied to exchange-rate shifts in Bolivia.
Germany’s August PMI shows manufacturing rebound, services slowdown
Flash PMI data points to a two-month low for the composite index at 51.0, with manufacturing output surging to a 51-month high of 54.1, while services activity contracted for a fifth straight month.
ARK ETFs shift holdings: buys BWX Technologies, sells Roblox and Shopify
ARK Investment Management executed trades on Aug. 20, adding stakes in BWX Technologies and four other firms while trimming positions in Roblox, Shopify and 10X Genomics.
Sonic Healthcare FY 2026 earnings miss forecasts, shares slide 9.9%
The Australian pathology group posted 13% revenue growth but EPS fell short of expectations, prompting a near‑10% drop in its stock and a modest dividend increase.
China’s tech trio diverges in Q2 2026: Tencent rises, Alibaba and Baidu miss
Tencent beats estimates for a fourth straight quarter, while Alibaba and Baidu miss margins. Earnings, margins and valuations highlight stark divergence among China’s largest internet stocks.
USD/CHF bears regain control as Swiss franc draws haven flows
U.S. Treasury’s expanded long-end buybacks and shifting correlations fuel safe-haven demand for the franc, pushing USD/CHF below key support. Technicals and fundamentals suggest further downside if resistance holds.
Graubündner Kantonalbank posts record H1 profit as revenue rises 11%
Swiss regional lender reports CHF 137.2 million net income for the first half of 2025, driven by broad-based growth in interest and fee income. CET1 ratio climbs to 20.2%.
Genentech to invest $750 million in U.S. manufacturing expansion
Roche’s biotech unit plans new Hillsboro, Oregon facility as part of a $750 million investment to expand U.S. production capacity.
Trump orders U.S. to triple annual rocket launches to 1,000 by 2030
Executive order aims to boost private spaceflight, accelerate Moon base plans, and streamline regulatory approvals. SpaceX accounted for 170 of 178 U.S. launches in 2023.
Swiss nuclear plant costs estimated at $14-43 bln in new study
A report by Swiss Academies of Sciences estimates construction costs for a new nuclear reactor between 14 billion and 43 billion francs, factoring in delays and financing risks. State support likely required.
Swiss poll shows 12-point lead for rejection of neutrality initiative
Survey by gfs.bern for SRG finds 54% opposed to neutrality proposal, with strongest support from SVP voters. Regional and demographic divides highlighted.
Siegfried maintains 2026 outlook after 2H gains from U.S., Australia sites
Swiss pharma services group posts 2.2% H1 sales growth to 633M CHF; core EBITDA margin rises to 22.4%. Three newly acquired sites expected to add $100M in 2026 revenue.
Anthropic IPO plans, Nvidia earnings test AI trade as tech stocks slip
Anthropic is preparing to file for a public listing by month-end, targeting a valuation above SpaceX's $75 billion IPO. Nvidia's earnings next week will further shape AI sector sentiment.
South Korea to launch $72 bln chip windfall fund for youth, AI
Government proposes Future Response Fund to channel semiconductor tax revenue into youth employment, housing and AI investment. Legislation to be submitted with 2027 budget.