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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.
TPG Global offers $468M for Australia’s EQT Holdings
Private equity firm TPG Global proposes A$650 million ($468 million) cash bid to acquire EQT Holdings, operator of Australia’s largest independent stockbroking network.
Poland’s FX reserves fall to $20.75 bln in July
Foreign exchange holdings drop for first time in six months as central bank data reflects currency market dynamics.
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.
Brazil's Q2 GDP growth slows to 0.6%, central bank index shows
Modest expansion follows 1.4% growth in Q1 as Brazil's economy shows signs of cooling. Central bank data highlights mixed sectoral performance.
Cavitation Technologies to be acquired for $35 million
Specialty materials firm Cavitation Technologies agreed to a $35 million all-cash deal, with shareholders to vote on the transaction next month.
Aon launches Sidecar X insurance platform with $200 million capacity
New platform aims to enhance capital efficiency for insurers through reinsurance solutions. Capacity to support up to $200 million in transactions.
Silvio Denz, Peter Spuhler revive historic Zurich villa as luxury hospitality hub
The Villa Florhof, once home to 48 owners, reopens under Silvio Denz and Peter Spuhler as a high-end restaurant and hotel after a three-year restoration. The project blends gastronomy with hospitality innovation in Zurich’s historic landscape.
Lazard names Credit Suisse veteran Marco Superina as Switzerland head
Former Credit Suisse executive to lead Lazard's Swiss operations and oversee DACH region from Zurich. Veteran brings decades of Swiss financial market experience.
Swiss National Bank names Ulrich Bindseil to lead Gerzensee center
Martin Brown steps down as director of the SNB's Gerzensee study center after five years, with Ulrich Bindseil set to take over in January 2027.
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.
Skyline Builders acquires two Nevada gold and silver properties
Transaction expands Skyline Builders' portfolio in Nevada’s mining sector. Terms of the deal were not disclosed.
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.
Nvidia to invest $1.5 bln in SB Energy for OpenAI data centers
Chipmaker backs renewable energy provider to power AI infrastructure expansion under OpenAI’s data center agreements.
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.
Alibaba debuts AI music model HappyShrimp to compete in digital audio
Tech giant Alibaba enters the AI-generated music sector with its new model, positioning itself against established players in the digital audio space.
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.