Bloomberg Markets
Canadian miner Teck Resources Ltd. reported a tripling of second-quarter earnings on higher copper prices, while reaffirming output guidance, including at its flagship Quebrada Blanca mine in Chile.
Bloomberg Markets
First HoldCo Plc, Nigeria’s biggest lender by market value, forecasts profit will jump this year after a capital injection strengthened its balance sheet, helping cut costs and boost loan recoveries.
Bloomberg Markets
Two China-owned oil tankers loaded with Saudi Arabian crude are sticking to their course toward the Red Sea chokepoint of Bab el Mandeb, despite Houthi militants attacking vessels in the region overnight.
Bloomberg Markets
EasyJet Plc said profit fell by 70% in its fiscal third quarter as the UK budget carrier continues to suffer from higher jet fuel costs and lower consumer demand, driven by the impact from the Middle East conflict.
Yahoo Finance
Bloomberg Markets
TotalEnergies SE said second-quarter profit surged as the Iran war boosted prices of crude and refined products, offsetting a drop in profits in its gas business.
Bloomberg Markets
Airtel Africa Plc picked London as the primary listing location for its mobile-money business and expects to start trading there this year.
Bloomberg Markets
Bloomberg Markets
Hong Kong and Malaysia will work together to expand access to capital and deepen cross-border participation in both markets as they look to attract more international investment.
Bloomberg Markets
China is restricting real estate companies from using a popular offshore loan structure that has helped some of them weather the country’s property crisis, according to people familiar with the matter, adding to recent moves to strengthen oversight of overseas borrowing.
Bloomberg Markets
Roche Holding’s results showed a slower-than-expected recovery for eye blockbuster Vabysmo as investors look to a key new drug to power growth ahead.
Bloomberg Markets
China’s sovereign bonds are rallying once again as economic weakness, sliding stocks and expectations for greater monetary policy support revive demand for fixed-income assets.
NY Times Business
The Houthis claimed to have attacked two ships in the Red Sea, and Iran said a third caught fire near the Strait of Hormuz.
Bloomberg Markets
SBI Funds Management is planning its first technology-focused fund for private firms, people familiar with the matter said, as India’s largest asset manager follows rivals in bulking up in the fast-growing alternative investment fund industry.