Shares of PepsiCo Inc. climbed in premarket trading on Thursday after the snack and beverage giant reported a better-than-expected rise in second-quarter revenue, even as product volumes continued to decline and consumer sentiment remained cautious. The shares were rising by more than 2% during pre-market on Thursday. The company also…
European stock markets are set to open higher on Thursday, with positive momentum fueled by a strong earnings report and share buyback announcement from pharmaceutical giant Novartis. This upbeat corporate news appears to be outweighing lingering concerns about US trade policy and providing a positive start for regional bourses.Futures data…
The EasyJet share price faced turbulence on Thursday after the company published weaker-than-expected earnings. It plunged to a low of 480p, its lowest level since April 24, and 18% below the highest level this year. EasyJet weak financial resultsShares of EasyJet, one of the biggest budget carriers in Europe, tumbled after…
Russia’s wheat harvest has plummeted to half of last year’s output, according to SovEcon, raising concerns about global grain supplies.Russia’s wheat harvest has seen a significant decline this year, with only 11.0 million metric tons harvested as of July 11, a stark contrast to the 24.8 million metric tons recorded…
A significant upward revision to May’s payroll figures, coupled with Wednesday’s hotter-than-expected inflation data, is easing the pressure on the Bank of England to implement rapid rate cuts. While cuts are still anticipated, they are now projected for August and November, ING Group said in its latest report.Contrary to last month’s…
Volvo Cars has reported a group operating profit (EBIT) of SEK -10.0 billion for the second quarter of 2025, a result that reflects a persistently challenging environment for the global automotive industry. While the headline number was significantly impacted by one-off charges, the company insists its comprehensive SEK 18 billion…
A quiet town in Maharashtra found itself in an international spotlight this week.Kolhapur, famed for its traditional leather chappals called the Kolhapuri chappals and intricate jewellery, played host to an unusual delegation from Italy.On Tuesday and Wednesday, four representatives from the luxury fashion house Prada visited the town to gain…
Asian equity markets rose broadly on Thursday as investor sentiment improved following US President Donald Trump’s comments downplaying the likelihood of removing Federal Reserve Chairman Jerome Powell. While he didn’t completely rule it out, Trump said the move was “highly unlikely” unless “he has to leave for fraud.”China and Hong…
Shares of PepsiCo Inc. climbed in premarket trading on Thursday after the snack and beverage giant reported a better-than-expected rise in second-quarter revenue, even as product volumes continued to decline and consumer sentiment remained cautious. The shares were rising by more than 2% during pre-market on Thursday. The company also…
Executives at several major Russian banks, designated as systemically important by the Bank of Russia, have been meeting behind closed doors to discuss the potential need for a government-funded bailout should the surge of bad loans on their books intensify over the next year.As per a Bloomberg report, the conversations,…