Markets
Morgan Stanley slashes China property forecasts on deeper price drops
Analysts cite accelerating declines in residential real estate prices as rationale for downgrading growth outlook.
Canadian dollar strengthens after inflation beats forecasts
Headline inflation in Canada rose 3.4% year-on-year in December, exceeding economist expectations and supporting the loonie's advance.
EQT Holdings shares jump on strong quarterly earnings
Profit beats estimates as energy infrastructure unit drives growth, lifting EQT Holdings to session highs.
Chow Sang Sang shares jump on strong sales, profit forecast
Hong Kong jewelry retailer's stock rises after reporting higher-than-expected first-half earnings and raising its annual profit outlook.
Enovix shares fall sharply amid weak guidance
Battery technology developer cuts full-year revenue forecast, citing slower demand and supply constraints.
US charges crypto Ponzi scheme suspect after Fiji deportation
Edward Zimbardi faces federal charges for allegedly defrauding investors of $165 million in a crypto Ponzi scheme, with losses exceeding $34 million in currency trades.
NexGen Energy in talks with BHP for $1 billion uranium financing
Canadian uranium miner NexGen Energy is in early-stage discussions with BHP to secure funding for its flagship Rook I project, sources say.
SpaceX shares rise as Starlink expansion accelerates
Elon Musk’s space venture gains after reports of Starlink’s growing subscriber base and satellite deployment, lifting investor sentiment.
Jefferies downgrades China online beauty sector outlook
Analysts cite weaker-than-expected July sales as demand softens in the Chinese beauty market.
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.
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.
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.
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.