Conservative media baron Rupert Murdoch will give President Donald Trump regular updates on his health as part of an agreement to postpone Murdoch’s deposition in Trump’s $10 billion defamation lawsuit against him over a Wall Street Journal article about late sex offender Jeffrey Epstein. The unusual stipulation comes a week…
Asia-Pacific stock markets started Tuesday’s trading session mostly on a positive note, with investors seemingly shrugging off a fresh tariff threat from US President Donald Trump, this time directed at India over its purchases of Russian oil. While major regional indices like Japan’s Nikkei and South Korea’s Kospi advanced, Indian…
Wayfair reported its strongest quarterly results since the pandemic-driven home furnishings boom, signaling a potential turnaround for the online retailer even as the broader furniture category continues to face headwinds.The development sent its shares soaring by more than 11%.For the second quarter ended June, the Boston-based company posted net revenue…
Australia announced on Tuesday a financial aid package of A$135 million ($87.4 million) for two Nyrstar-owned smelters, a subsidiary of Trafigura. The initiative aligns with Australia’s goal of becoming a crucial supplier of critical minerals to Western allies, according to a Reuters report.Australia’s critical minerals pushAmid increasing concerns about supply chain…
Ageing coal and gas-fired power plants across Europe are being eyed by major tech companies like Microsoft and Amazon for a high-tech transformation. These companies plan to repurpose the plants as data centers, leveraging their existing infrastructure for power and water access, Reuters said in a report.European energy companies, including France’s…
BP on Tuesday reported a stronger-than-expected second-quarter profit of $2.35 billion, exceeding analysts’ projections and highlighting a return to form amid ongoing global energy price volatility. The figure, based on BP’s preferred measure of underlying replacement cost profit, topped the $1.81 billion consensus forecast compiled by LSEG and marked a…
European stock markets started Tuesday’s session on a positive note, with major indices advancing as investors shifted their focus from last week’s tariff updates to a busy calendar of corporate earnings. A stronger-than-expected profit report from oil giant BP provided a significant boost to market sentiment, helping the regional Stoxx…
Private equity giant KKR has increased its bid for British scientific instruments maker Spectris to approximately £4.2 billion ($5.58 billion), intensifying a takeover battle with rival Advent International. The revised offer, which values Spectris shares at £41.75 each including a 28 pence interim dividend for fiscal 2025, is 1.8% higher…
Diageo, the world’s largest spirits company, on Tuesday posted a stronger-than-expected profit for the fiscal year ended June 2025, sending its shares up over 6% in early London trading.The British beverage group also forecast flat full-year sales for its 2026 financial year, helping calm investor nerves following months of uncertainty…
US stocks have been in a sharp uptrend since early April, but a Wall Street veteran, Tom Lee, says they are poised to extend gains further in the weeks ahead.Historically, the month of August brings weakness in the benchmark S&P 500 index – but the head of research at Fundstrat…