Bloomberg Markets
J Sainsbury Plc agreed to sell its struggling Argos general merchandise unit to Swift Partners, a new company backed by retailers including former Co-op boss Richard Pennycook.
Bloomberg Markets
Bloomberg Markets
Maribel Lopez, Founder and Enterprise AI Lead at Lopez Research, says the strong earnings from Microsoft and Amazon indicate there is still significant runway for AI-driven growth. However, she notes that the biggest question mark remains Meta's ability to translate its AI investments into future revenue. (Source: Bloomberg)
Bloomberg Markets
BP Plc said it’s starting a process to market its North Sea business for a potential sale, as part of a wider review of the oil major’s portfolio.
Bloomberg Markets
President Trump says his US-led Board of Peace has reached a deal to disarm Hamas and other armed groups in Gaza and establish a new Palestinian government. Hamas has agreed to the deal. Ian Parmeter, former Australian ambassador to Lebanon & Research Scholar at the Australian National University's Center for Arab and Islamic studies spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on whether President Trump will claim this as a win in his bid to end wars. (Source: Bloomberg)
Bloomberg Markets
The Bank of Japan has kept its rate policy unchanged and nudged its economic growth forecast higher. Officials stop short of confirming an intervention that drove the yen sharply higher. Hiromi Ishihara, Head of equity investment at Amundi Japan told Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa what investors are watching out for. (Source: Bloomberg)
Yahoo Finance
Yahoo Finance
Yahoo Finance
Yahoo Finance
Yahoo Finance
Bloomberg Markets
The Tokyo District Court ruled that hospitality sector company Shidax Corp.’s tender offer in 2023 to go private undervalued its shares, in one of the still-rare cases in Japan of financial tussles between companies getting resolved by legal authorities.
Bloomberg Markets
Bloomberg Markets
French utility Engie SA raised its full-year profit forecast as it benefits from energy market volatility linked to the war in the Middle East and cost cuts, which helped mitigate a profit decline in the first six months of the year.