Dollar shrugs off Fitch’s U.S. credit rating downgrade, yen rallies
(Reuters) – The dollar barely budged on Wednesday as investors shrugged off Fitch’s U.S. credit rating downgrade, while the yen…
Ferrari nudges up year forecasts after Q2 results, investors unimpressed
(Reuters) -Ferrari failed to excite investors on Wednesday with the luxury sports car maker only raising its forecasts for full-year…
KFC owner Yum Brands beats quarterly sales, profit estimates on steady demand
(Reuters) – Yum Brands topped market estimates for quarterly comparable sales and profit on Wednesday, as cheaper meals and promotional…
Voyager Space and Airbus deepen tie-up on new space station
(Reuters) – U.S. space venture company Voyager Space and Airbus said on Wednesday they will co-operate more closely in the…
Hong Kong cuts China-risk section in listing rules, but says scrutiny unchanged
(Reuters) -Hong Kong stock exchange has removed a China-risk section for mainland-incorporated companies in its listing application rules with effect…
Dow futures retreat after Fitch downgrade; ADP jobs data due
U.S. stock futures fell Wednesday after the surprise downgrading of the country’s top-tier credit rating by Fitch, while the quarterly…
Starbucks slips on sales disappointment despite China bump
Shares in Starbucks (NASDAQ:SBUX) drifted lower in premarket U.S. trading Wednesday after the coffeehouse chain reported global comparable sales that…
Subaru aims to have battery EVs make up half of its sales by 2030
(Reuters) – Subaru (TYO:7270) will target annual sales of 600,000 battery electric vehicles by 2030 so that they make up…
Volkswagen in talks with Leapmotor on tech tie-up for Jetta brand – China media
(Reuters) -Volkswagen is in talks with Chinese electric vehicle startup Zhejiang Leapmotor Technology (HK:9863) about the possibility of cooperation for…
Hugo Boss stays strong amid tough China, U.S. markets
(Reuters) – Hugo Boss (ETR:BOSSn) has raised its sales and profit outlook after reporting a 20% jump in second-quarter revenues,…