https://www.gurutrade.com/news/business/rss/ Here you can find reliable and fresh news from the world of business and get acquainted with the experts opinions. Tue, 18 Aug 2026 11:34:04 +0300 50 en https://www.gurutrade.com/news/temasek-backed-milky-mist-jumps-30-in-debut-to-hit-1-5b-1787038644.html Aug 18 Reuters Temasekbacked Milky Mist Dairy Food rose roughly 30 in its Indian trading debut on Tuesday as investors bet on growing demand for valueadded dairy products and the company39;s expansion beyond its southern India stronghold. Shares traded at 181.5 rupees, valuing Milky Mist at 139.69 billion rupees 1.46 billion, after listing at a 29.61 premium to their issue price of 140 rupees. The company raised 163 million in its initial public offering. Investors were drawn to Milky Mist39;s strong brand and its presence in fastgrowing valueadded dairy categories such as yogurt and highprotein products, said Kranthi Bathini, director of equity strategy at WealthMills Securities. The IPO was attractively priced and benefited from growing consumer interest in premium dairy products, Bathini said. Milky Mist, whose products include cottage cheese, butter, cheese, ice cream and Greek yogurt, is one of India39;s largest makers of valueadded dairy products. The listing comes as India39;s primary market revives, with several IPOs drawing strong demand from retail and wealthy investors in recent weeks. India has seen 26 IPOs launched or announced in less than two months since July, nearly matching the 28 recorded in the first half of 2026. The IPO market has revived, retail participation is increasing and there is strong liquidity in the market. At the same time, investors are becoming more selective, focusing on valuations and the sustainability of revenue models,... https://www.gurutrade.com/news/temasek-backed-milky-mist-jumps-30-in-debut-to-hit-1-5b-1787038644.html Tue, 18 Aug 2026 10:30:39 +0300 https://www.gurutrade.com/news/madison-air-to-buy-ebm-papst-in-5-4-billion-deal-1786995238.html Ebmpapst shareholder families to transfer stakes to Madison Air Madison Air looking to expand in Europe, broaden technologies Companies aim to tap booming US data centre market Madison Air shares down 5 Aug 17 Reuters U.S.based Madison Air Solutions said on Monday it would buy German fan maker ebmpapst in a 5.4 billion deal, expanding its air quality and ventilation business in a drive to tap the fastgrowing datacentre cooling market. The transaction will see ebmpapst39;s three shareholder families transfer their stakes to Madison Air, part of billionaire Larry Gies39; Madison Industries, which specialises in indoor air quality systems and ventilation equipment for cleanrooms and data centres. Madison Air, whose shares fell 5 following the announcement, is seeking to strengthen its position in Europe and broaden its technology portfolio. Ebmpapst said the deal would allow it to tap the booming U.S. data centre market, where demand for cooling systems is rising as operators deploy increasingly powerful chips and servers. Equipment used in data centres operated by hyperscalers accounts for about a third of ebmpapst39;s sales, a person familiar with the matter said. The deal gives us access to the U.S. capital market, which can help us with strategic options, ebmpapst CEO Klaus Geissdoerfer told Reuters. For Madison Air, the acquisition provides access to ebmpapst39;s technology and customer base, particularly in Europe and Asia, helping it expand beyond its core... https://www.gurutrade.com/news/madison-air-to-buy-ebm-papst-in-5-4-billion-deal-1786995238.html Mon, 17 Aug 2026 06:50:00 +0300 https://www.gurutrade.com/news/alibaba-to-sell-lingxi-games-in-more-than-2b-deal-source-1787005503.html Deal comes as Alibaba focuses on AI and cloud computing Memo says Trustar Capital will acquire Alibaba39;s Lingxi stake Lingxi CEO Zhou Bingshu and management team to remain in place Lingxi known for hit game 39;Three Kingdoms Strategy Edition39; HONG KONG, Aug 17 Reuters Alibaba Group is expected to reap more than 2 billion from the sale of its game developer unit Lingxi Games to private equity firm Trustar Capital, a person familiar with the matter told Reuters. Trustar said late on Monday it had reached a transaction agreement with Alibaba to acquire the tech giant39;s entire stake in Lingxi. Alibaba and Trustar reached a formal agreement after several rounds of talks, according to an internal memo sent to Lingxi staff on Monday by the game developer39;s CEO Zhou Bingshu and reviewed by Reuters. Lingxi and Alibaba did not respond to requests for comment from Reuters on the memo. Under the agreement, Alibaba will transfer all of its Lingxi stake to Trustar, the memo said. The memo did not disclose the value of the deal or when the transaction was expected to close. It also gave no details of regulatory approvals or other conditions attached to the deal. Neither did Trustar39;s statement. Zhou said in the memo that he and Lingxi39;s management team would continue to lead the company, signalling continuity in the studio39;s operations following the ownership change. Bloomberg News, which first reported the memo, said the deal would be worth at least 1.5... https://www.gurutrade.com/news/alibaba-to-sell-lingxi-games-in-more-than-2b-deal-source-1787005503.html Mon, 17 Aug 2026 06:10:33 +0300 https://www.gurutrade.com/news/alphabet-eyes-debut-australian-dollar-bond-issue-report-1787002711.html SYDNEY, Aug 17 Reuters Alphabet has mandated investment banks to work on its inaugural Australian dollar bond issue, according to a message sent by one of the book runners and reviewed by Reuters on Monday. The U.S. tech giant is considering issuing 3, 5, 10 and 20year bonds, it said. The message did not outline how much Alphabet could raise in the transaction or its plans with the proceeds. Alphabet did not immediately respond to a request for comment from Reuters. The 3 and 5year bonds could be issued with fixed or floating rates, the message said, while the 10 and 20year bonds would be issued with fixed rates. Alphabet raised 25 billion in dollar bonds earlier in August following an almost 85 billion equity capital raising in June. Global tech companies are increasingly looking to capital markets to fund their massive AI spending, after having typically relied on their large cash reserves to fund investments. The firms are expected to spend more than 730 billion this year primarily on AI, and the outlay is already squeezing cash flows. Alphabet posted its first ever negative free cash flow in its secondquarter report in late July. Local currency bonds are becoming increasingly popular among some of the world39;s biggest issuers as they look to diversify their reliance on dollar bond transactions. Kangaroo bond sales from foreign issuers in Australian dollars are at a record high of around A60 billion 42 billion so far this year, up roughly 40 from 2025, LSEG... https://www.gurutrade.com/news/alphabet-eyes-debut-australian-dollar-bond-issue-report-1787002711.html Mon, 17 Aug 2026 09:30:58 +0300 https://www.gurutrade.com/news/boeing-s-wisk-sale-unlikely-to-start-new-divestment-round-1786741726.html Boeing has made two major sales since 2024 portfolio review Wisk sale includes Insitu and SkyGrid for nearly 20 stake in Archer Aviation Deal lets Boeing use Wisk autonomousflight technology in current and future aircraft programs SEATTLE, Aug 14 Reuters Boeing39;s announcement this week that it is selling Wisk Aero is less a signal of a broader breakup than an effort to shed a struggling, noncore air taxi business that had become a distraction from the aerospace giant39;s turnaround efforts, analysts said. Boeing CEO Kelly Ortberg previously said he would sell off nonessential parts of the company and its subsidiaries to stabilize its balance sheet and sharpen its focus on its core businesses commercial aerospace, defense and space. However, since completing a portfolio review in 2024, there have only been two major sales digital aviation services provider Jeppesen for 10.6 billion in 2025 and Monday39;s sale of Wisk, drone maker Insitu and airspaceservices provider SkyGrid for a nearly 20 stake in Archer Aviation. While Boeing does not get its equity stake until the deal closes, the Archer stake is worth just over 1 billion based on its share price on Thursday evening. Selling Jeppesen gave the company a desperately needed cash infusion to help stabilize its balance sheet, while selling Wisk for equity simply offloaded risk and a distraction, said Richard Aboulafia, a managing director with AeroDynamic Advisory. Developing and certifying air taxis and similar... https://www.gurutrade.com/news/boeing-s-wisk-sale-unlikely-to-start-new-divestment-round-1786741726.html Fri, 14 Aug 2026 07:30:15 +0300 https://www.gurutrade.com/news/tesla-may-unveil-redesigned-roadster-in-august-report-1786951482.html Aug 14 Reuters Tesla plans to unveil a redesigned Roadster as early as this month, The Information reported on Friday, nearly a decade after the electricvehicle maker first revealed a nextgeneration version of its original sports car. The event could include a demonstration of a limitededition Roadster with coldgas thrusters developed in collaboration with SpaceX, the report said, citing people familiar with the plans. The demonstration is expected to take place at SpaceX39;s test site in McGregor, Texas. Tesla did not immediately respond to a Reuters request for comment. Tesla originally revealed the nextgeneration Roadster in 2017 and said deliveries would begin in 2020, but the company has since delayed the program. The redesigned Roadster could be remotely operated during the demonstration because of the noise and force generated by its thrusters, The Information reported. The report said the company39;s standard Roadster and the limited SpaceXbranded edition are expected to look similar. The new thrusterequipped version is not expected to be street legal and could cost hundreds of thousands of dollars, or potentially millions, the report added. Tesla initially accepted 50,000 deposits for the standard version and 250,000 for the Founder39;s Series limited edition. The Roadster program has reportedly evolved from a conventional highperformance EV into an allnew carbonfiber hypercar, after Tesla abandoned an alternative approach based on... https://www.gurutrade.com/news/tesla-may-unveil-redesigned-roadster-in-august-report-1786951482.html Fri, 14 Aug 2026 05:10:48 +0300 https://www.gurutrade.com/news/us-diversified-energy-in-early-talks-to-buy-birch-resources-1786713138.html Aug 14 Reuters U.S.based Diversified Energy said on Friday it is in early discussions to acquire privately held Birch Resources, as it looks to further expand into the oil and gasrich Permian Basin. Bloomberg News first reported the talks on Thursday, citing people familiar with the matter, and saying a potential allcash transaction would value Birch at more than 1.7 billion. Here are some more details The talks follow Diversified39;s March 2025 acquisition of Maverick Natural Resources, which also had an asset base in the Permian Basin, for 1.28 billion including debt. Shares of Diversified closed down more than 2 on Thursday, after Bloomberg39;s reporting on the talks. The company has a market capitalization of about 1 billion, according to LSEG data. No agreement has been reached, and there is no certainty that any transaction will occur, nor as to the terms on which any transaction might proceed, Diversified said in a statement. Birch, backed by investment firm Elliott Investment Management, operates in the Permian Basin, the largest oilfield in the U.S. The company was formed out of energy assets from the 2018 Chapter 11 bankruptcy agreement of Breitburn Energy Partners. Elliott did not immediately respond to a Reuters request for comment. Birch Resources could not be immediately reached. Separately, Diversified and Carlyle had agreed in May to acquire certain oil and natural gas properties in Oklahoma from Camino Natural... https://www.gurutrade.com/news/us-diversified-energy-in-early-talks-to-buy-birch-resources-1786713138.html Fri, 14 Aug 2026 04:10:41 +0300 https://www.gurutrade.com/news/china-july-bank-loans-suffer-record-drop-as-demand-fails-1786709051.html July new yuan loans contract by record 340 bln yuan Outstanding loan growth hits record low PBOC pledges to unveil new measures to support growth PBOC appears unfazed by weak credit data, Capital Economics says BEIJING, Aug 14 Reuters China39;s new yuan loans posted a record contraction in July, missing forecasts as seasonal factors and weak household credit demand weighed on lending in the world39;s secondlargest economy. New yuan loans were down by 340 billion yuan 50.4 billion in July the largest decline on record and the second contraction this year, after April Reuters calculations based on People39;s Bank of China data released on Friday showed. This weakness in loan demand comes despite the fact that nominal bank lending rates have continued to edge down, Capital Economics said in a note. The recent uptick in inflation means that, in real terms, bank lending rates have fallen sharply this year. Analysts polled by Reuters had expected new yuan loans in July to reach 45 billion yuan, versus 1.61 trillion in June and a fall of 50 billion a year earlier. Chinese banks typically slow lending after frontloading credit ahead of the end of the June quarter. The PBOC does not issue monthly breakdowns. Reuters calculated the July figure using the central bank39;s data for January to July, compared with the January to June figure. New loans totalled 10.38 trillion yuan for the first seven months of this year, the PBOC data showed, down from 12.87 trillion a... https://www.gurutrade.com/news/china-july-bank-loans-suffer-record-drop-as-demand-fails-1786709051.html Fri, 14 Aug 2026 02:10:31 +0300 https://www.gurutrade.com/news/chinese-chipmaker-smic-increases-prices-on-strong-ai-demand-1786740851.html Secondquarter revenue tops 3 billion for first time, beating LSEG analyst estimates Average selling price climbed 5.7 as secondquarter wafer shipments rose 14 AI demand expected to continue to underpin orders BEIJING, Reuters China39;s top foundry, Semiconductor Manufacturing International Corp, said on Friday that AIrelated demand would continue to underpin orders for its production, and that it had raised prices for its most soughtafter capacity. CoCEO Zhao Haijun said on an earnings call that SMIC raised prices following negotiations with customers in the first quarter, and that it would charge more for wafers processed in the third quarter. We believe we39;ve reached toptier industry standards in these areas, Zhao said. Since there39;s still a big gap between industryleading wafer prices and SMIC39;s current prices, we need to negotiate with customers for fairer pricing. Silicon wafers serve as the base material onto which chip patterns are printed by SMIC through the fabrication process. SMIC, the only Chinese foundry able to massproduce logic chips such as CPUs and GPUs on a 7nanometre process, posted revenue above 3 billion for the first time in the second quarter, driven by strong AI demand. Profit attributable to shareholders tripled to 479.2 million, with both figures beating average analyst estimates compiled by LSEG. The company shipped 2.9 million 8inchequivalent wafers in the second quarter, up 14 from the previous quarter, while the average... https://www.gurutrade.com/news/chinese-chipmaker-smic-increases-prices-on-strong-ai-demand-1786740851.html Fri, 14 Aug 2026 12:10:10 +0300 https://www.gurutrade.com/news/tata-motors-pv-shares-fall-on-profit-plunge-margin-warning-1786740311.html Aug 14 Reuters Shares of India39;s Tata Motors Passenger Vehicles fell as much as 6 on Friday after the automaker posted an 80 plunge in quarterly profit and warned that margin pressures would persist into the second quarter. The stock was down 4.8 at 332.85 rupees as of 137 PM IST, its biggest oneday percentage decline since June 17. It was the top loser on the auto and Nifty 50 indexes. During a postearnings call on Thursday, Tata Motors PV said commodityrelated cost pressures were expected to persist into the JulySeptember quarter. The second quarter is going to hit us badly. Not just us, but the whole industry will get hit, CEO Shailesh Chandra said. Firstquarter margins at luxury unit Jaguar Land Rover JLR, which makes up about 80 of Tata Motors PV39;s revenue, and at its domestic passenger vehicle business both came in below analysts39; expectations. Tata Motors PV is facing multiple headwinds at JLR, including increased competition, heavy discounts and high warranty costs, Jefferies said in a note. The brokerage lowered its FY27 earnings per share estimate by 10 and cut its target price on the stock while maintaining its underperform rating. Margin pressure at JLR and in the domestic passenger vehicle business could weigh on the company39;s cash generation in the nearterm, Nomura said in a note, while maintaining its neutral rating. Tata Motors PV on Thursday reported a quarterly consolidated net profit of 7.75 billion rupees in the AprilJune quarter... https://www.gurutrade.com/news/tata-motors-pv-shares-fall-on-profit-plunge-margin-warning-1786740311.html Fri, 14 Aug 2026 11:50:42 +0300 https://www.gurutrade.com/news/china-s-unitree-powers-up-for-stellar-shanghai-debut-1786717506.html Private share platforms point to shares almost tripling on debut On crypto exchanges, derivative trades suggest a jump of almost four times IPO was almost 8,000 times oversubscribed by retail investors Unitree is profitable, perceived to have state support SHANGHAIBEIJING, Aug 14 Reuters China39;s Unitree, the country39;s most highprofile humanoid robot maker, is widely expected to have an explosive stock market debut in Shanghai next week. The only question is how frenzied is it going to be? Outside China, on private share platforms such as EquityZen, UpMarket and Hiive, Unitree shares are tipped to almost triple, while on crypto exchanges Hyperliquid and Gate, derivative trades point to a jump of almost four times. Some others expect much more. Such is the excitement around Unitree, whose humanoid robots have drawn global attention for their running, dancing and performing of martial arts, that its IPO was more than 8,000 times oversubscribed by retail investors, a record for Shanghai39;s STAR Market for tech startups. Chinese media have also reported that lucky IPO subscribers have been approached by scalpers offering to buy its shares at 410 yuan, a 170 premium to its offering price of 150.8 yuan. Unitree39;s listing date is expected to be announced later on Friday. PROFITABLE AND SEEN TO HAVE STATE SUPPORT Unitree, which competes with Hyundai Motor Groupowned Boston Dynamics and Tesla, is not the first Chinese humanoid robot maker to list. Hong Kong has... https://www.gurutrade.com/news/china-s-unitree-powers-up-for-stellar-shanghai-debut-1786717506.html Fri, 14 Aug 2026 11:30:19 +0300 https://www.gurutrade.com/news/frasers-buys-harvey-nichols-warns-of-tough-turnaround-1786649661.html Deal includes six UK stores, online business, inventory Over 1,000 Harvey Nichols employees move to Frasers Frasers says Harvey Nichols turnaround will mean 39;tough choices39; Aug 13 Reuters British retail tycoon Mike Ashley39;s Frasers bought Harvey Nichols out of administration on Thursday, helping keep the struggling luxury department chain39;s stores open but noting the difficult road ahead to keep its operations sustainable. Founded in 1831, Harvey Nichols has been lossmaking for several years after its heyday in the 1990s and 2000s. While it remains a key luxury shopping destination, the deal is the latest in a string of British retail rescues by Ashley, who is known for buying businesses at bargain prices. Frasers did not disclose how much it bought Harvey Nichols for, but the acquisition of the group, which sells luxury goods ranging from cosmetics and fashion to food and wine, ends 35 years of ownership under Hong Kong billionaire Dickson Poon. Frasers said the integration of Harvey Nichols into its operations would require significant restructuring, which could include a review and rationalisation of the store portfolio, organisational structure, operating model and cost base. The turnaround will require tough choices, and we are prepared to make those decisions, even if that means a smaller business in the near term, to create a stronger and more sustainable Harvey Nichols for the long term, Frasers CEO Michael Murray said in a statement. SERIAL... https://www.gurutrade.com/news/frasers-buys-harvey-nichols-warns-of-tough-turnaround-1786649661.html Thu, 13 Aug 2026 05:50:29 +0300 https://www.gurutrade.com/news/europe-inc-heads-for-best-earnings-season-in-years-1786651433.html Aug 13 Reuters Secondquarter profit expectations for Europe39;s bluechip companies have risen for an eighth consecutive week, putting the region on track for one of its strongest earnings seasons in years as soaring energy and materials profits offset signs of softer demand elsewhere. Companies in the STOXX 600 index are now expected to report aggregate earnings growth of 23.4, according to LSEG IBES data, based on reported results from 268 companies and estimates for those yet to publish results. Energy companies are expected to lead the gains, with profits forecast to more than double from a year earlier after oil prices surged during the U.S.Iran conflict. Basic materials is projected to be the secondfastest growing sector, with earnings expected to rise nearly 70, helping broaden the earnings recovery beyond oil producers. Excluding the energy sector, STOXX 600 companies are still expected to report earnings growth of 12.3, suggesting the strength of the reporting season is not solely dependent on higher commodity prices. Revenue growth is expected to be more modest. STOXX 600 companies are forecast to increase sales by 11.4 from a year earlier, down from a 12.6 growth estimate last week. Of the 268 companies that have reported results so far, 58.6 have beaten analyst expectations, above the 54 average for a typical quarter since 2012. While the reporting season has generally exceeded expectations, investors remain focused on whether earnings momentum can be... https://www.gurutrade.com/news/europe-inc-heads-for-best-earnings-season-in-years-1786651433.html Thu, 13 Aug 2026 05:10:13 +0300 https://www.gurutrade.com/news/jubilant-sees-popeyes-as-2nd-engine-alongside-domino-s-1786627052.html Popeyes emerges as second growth engine, CEO says Domino39;s dinein recovery gains traction Jubilant confident of returning to 57 samestore sales growth Aug 13 Reuters India39;s Jubilant FoodWorks said on Thursday its Popeyes fried chicken chain is emerging as a second growth engine, while efforts to revive dinein traffic at Domino39;s Pizza are beginning to show early signs of success. The operator of Domino39;s Pizza in India reported a 6 rise in firstquarter profit earlier in the day, helped by growth in its core business and continued store expansion. Analysts had pointed to improving demand trends heading into the quarter, with Jefferies expecting samestore sales growth to improve sequentially. Chief Executive Sameer Khetarpal said Popeyes39; more than 40 likeforlike sales growth was being driven by product innovation, differentiated flavours and strong execution on store openings. Popeyes definitely has become a second growth engine, Khetarpal said on a postearnings call, adding that the company sees significant room for further growth. Jubilant FoodWorks has said it aims to build Popeyes into a 10billionrupee brand over the next three to four years. Khetarpal also said the company was increasingly directing capital towards expanding Domino39;s and Popeyes outlets after largely completing major supplychain investments in recent years. DOMINO39;S TURNAROUND The company is making progress in reviving dinein and takeaway sales at Domino39;s, which have... https://www.gurutrade.com/news/jubilant-sees-popeyes-as-2nd-engine-alongside-domino-s-1786627052.html Thu, 13 Aug 2026 03:30:44 +0300 https://www.gurutrade.com/news/lenovo-s-q1-revenue-jumps-43-on-ai-infrastructure-boom-1786653019.html Lenovo shares surge to record as revenue beats forecasts AI drives growth of world39;s largest computer maker Swings to 609 million net loss attributable to shareholders BANGALOREBEIJING, Aug 13 Reuters China39;s Lenovo Group reported a 43 jump in quarterly revenue on Thursday, beating forecasts to drive shares up as much as 22, as the world39;s largest computer maker rides an AI hardware boom and benefits from a global memory chip shortage. Lenovo39;s revenue rose to 26.94 billion in the three months ended June 30, beating analyst expectations of 22.3 billion, as the consumer electronics hardware giant benefited from artificial intelligencedriven demand and solid PC sales. It was the group39;s highest quarterly revenue growth in the last five years, as AIrelated revenue grew 60 on the year to 9.3 billion, making up 35 of total revenue in its fiscal first quarter. SUCCESSFULLY TACKLED SUPPLY SHORTAGES, COST INCREASES We accurately anticipated supply shortages and cost increases of memory chips, and addressed it successfully, Chief Executive Yang Yuanqing told Reuters. He attributed the success to the firm39;s scale, resilient global supply chains and diversified memory supply from China, South Korea and the United States. I39;m very confident in sustaining this growth momentum and driving long term profitability, he said, adding that Lenovo is on track to reach revenue of 100 billion this fiscal year. The company swung to a net loss attributable to... https://www.gurutrade.com/news/lenovo-s-q1-revenue-jumps-43-on-ai-infrastructure-boom-1786653019.html Thu, 13 Aug 2026 12:50:19 +0300 https://www.gurutrade.com/news/kiwimoore-plans-hong-kong-ipo-at-2b-valuation-sources-say-1786652292.html BEIJINGHONG KONG, Aug 12 Reuters Chinese chip designer Kiwimoore has confidentially filed for a Hong Kong initial public offering, targeting a valuation of about 2 billion, said two people with knowledge of the matter. Kiwimoore did not respond to a Reuters request for comment. The sources declined to be named because the information was confidential. Here are the details Kiwimoore plans to list in Hong Kong in the first half of 2027, the sources said. The company raised about 700 million yuan 103.79 million in a July funding round with a valuation of 8 billion yuan, said one of the people. Kiwimoore has tapped CITIC Securities and ABC International to lead its Hong Kong IPO, said the sources. The two banks did not respond to Reuters requests for comment. Founded in early 2021, Shanghaibased Kiwimoore makes networking technology used to link artificialintelligence accelerators inside computing clusters, the company39;s website said. The company has positioned itself to capitalise on Beijing39;s push to build a selfsufficient AI chip supply chain after the U.S. restricted exports of advanced technologies, including chips, to China. 1 6.7446 Chinese yuan renminbi Reporting by Ziyi Tang in Beijing and Kane Wu in Hong Kong; Editing by Kate Mayberry Source Reuters https://www.gurutrade.com/news/kiwimoore-plans-hong-kong-ipo-at-2b-valuation-sources-say-1786652292.html Thu, 13 Aug 2026 12:30:56 +0300 https://www.gurutrade.com/news/ck-hutchison-first-half-underlying-profit-up-6-7-1786618500.html HONG KONG, Aug 13 Reuters Hong Kong portstotelecoms group CK Hutchison posted a 6.7 rise in underlying profit in the first six months of 2026 on Thursday, thanks to solid performance in its ports and retail businesses. CK reported underlying profit of HK12.6 billion 1.61 billion on a postIFRS 16 basis, compared with HK11.8 billion a year earlier. Including onetime items such as gains on the disposal of UK Rails and UK Power Networks totalling HK17.8 billion as well as a writeoff of HK2.2 billion, net profit jumped 30 times from a year earlier to HK26.8 billion. 1 7.8459 Hong Kong dollars Reporting by Clare Jim; Editing by Emelia SitholeMatarise Source Reuters https://www.gurutrade.com/news/ck-hutchison-first-half-underlying-profit-up-6-7-1786618500.html Thu, 13 Aug 2026 12:10:08 +0300 https://www.gurutrade.com/news/starbucks-korea-swings-to-q2-operating-loss-on-backlash-1786633666.html SEOUL, Aug 13 Reuters The operator of Starbucks Korea posted an operating loss in the second quarter as sales fell after backlash over a marketing campaign that evoked a brutal 1980 military crackdown on prodemocracy protesters, and the suspension of its flagship summer promotion. Here are some details Starbucks Korea39;s operator SCK Company swung to an 18.4 billion won 13.4 million operating loss in the second quarter from an operating profit of 40.3 billion won a year earlier and 29.3 billion won in the preceding quarter. EMart, the parent of SCK, said in an earnings announcement on Thursday that SCK did not hold its usual summer promotional campaign in June. In May, Starbucks Korea halted and apologised for its May 18 Tank Day tumbler campaign after it drew criticism for evoking the 1980 Gwangju prodemocracy uprising. Parent Shinsegae Group dismissed the head of Starbucks Korea, while the group later said sales had dropped very significantly and held historical awareness and social sensitivity training for staff. On Thursday, EMart did not cite the controversy or subsequent boycott calls as a direct reason for the quarterly decline. Reporting by Joyce Lee Editing by Ed Davies Source Reuters https://www.gurutrade.com/news/starbucks-korea-swings-to-q2-operating-loss-on-backlash-1786633666.html Thu, 13 Aug 2026 08:50:50 +0300 https://www.gurutrade.com/news/goldman-doubles-down-on-active-etfs-with-2-3-bln-neos-deal-1786606042.html Reuters Goldman Sachs will acquire exchangetraded funds provider Neos Investments for as much as 2.25 billion, as the investment bank looks to bolster its presence in active asset management. Neos manages 30 billion in assets across 19 ETFs that cover a suite of index products, while using options to generate additional income and cap downside risk. Demand for such products has surged of late, as institutions look to hedge portfolios with investments that help cushion drawdown risk and provide recurring income in a volatile market environment. Goldman has pursued acquisitions in the actively managed ETF space to strengthen its asset management unit and capitalize on the growing demand. The Wall Street giant completed the 2 billion buyout of Innovator Capital, which also employs an optionsbased ETF, earlier this year. The deal capitalizes on the accelerating adoption of derivative income ETFs and deepens durable AWM asset and wealth management revenues, analysts at Jefferies said in a note. Neos has returned about 19 over a oneyear period through June in its flagship SP 500 highincome ETF, while total returns in the fund since inception are close to 15, according to the firm39;s website. As investor demand for active ETFs grows, Neos39; disciplined investment approach is highly complementary to our capabilities across buffer, managed outcome and income strategies, Goldman CEO David Solomon said in a statement. Investment banks across Wall Street are also... https://www.gurutrade.com/news/goldman-doubles-down-on-active-etfs-with-2-3-bln-neos-deal-1786606042.html Thu, 13 Aug 2026 07:30:00 +0300 https://www.gurutrade.com/news/bank-of-america-pledges-250b-for-us-infrastructure-1786544612.html To deploy 250 billion for US infrastructure projects by July 2027 Targets AI data centers, energy and transport networks Part of Wall Street push into tech, infrastructure financing NEW YORK, Aug 12 Reuters Bank of America said on Wednesday it plans to deploy 250 billion by July 2027 to support U.S. digital and infrastructure projects, a move it says will boost the country39;s economic growth and help create tens of thousands of jobs. The Wall Street bank said its Critical Infrastructure Finance Initiative, launched on the heels of the nation39;s 250th anniversary celebrations, will provide primary market lending, investments, capital markets services, and banking and advisory offerings. The announcement underscores how major U.S. financial institutions are seeking to capitalize on rising demand for AI data centers, critical minerals and energy infrastructure upgrades. It comes days after Morgan Stanley said it would facilitate roughly 1.5 trillion over the next decade to finance technology and infrastructure projects. Last year JPMorgan Chase launched a 1.5 trillion plan to facilitate, finance and invest in industries deemed critical to the U.S. national security and economic resilience, including defense, energy and advanced manufacturing. BOOSTING GROWTH, CREATING JOBS Bank of America39;s financing will target three areas digital infrastructure, including data centers and computing; energy and power infrastructure, including renewable generation and energy... https://www.gurutrade.com/news/bank-of-america-pledges-250b-for-us-infrastructure-1786544612.html Wed, 12 Aug 2026 01:50:00 +0300 https://www.gurutrade.com/news/norway-wealth-fund-posts-record-184b-h1-2026-profit-1786538148.html JanuaryJune profit is strongest ever sixmonth earnings Asian tech stocks boosted halfyear returns Management worried about high concentration of tech stocks Fund says it holds 1.2 billion stake in SpaceX World39;s largest sovereign wealth fund with 2.3 trillion assets ARENDAL, Norway, Aug 12 Reuters Norway39;s 2.3 trillion sovereign wealth fund, the world39;s largest, posted a record profit of 1.75 trillion Norwegian crowns 184.3 billion for the first half of the year, lifted by technology stocks, it said on Wednesday. Investing the Norwegian state39;s revenues from oil and gas production, the fund owns on average 1.5 of all listed companies globally, making it the world39;s largest single investor. The result is driven by good returns in the equity market, particularly from Asian technology stocks, CEO Nicolai Tangen said in a statement accompanying the halfyear results. The fund39;s firsthalf return beat a previous record of 1.5 trillion crowns set in the first six months of 2023, and corresponded roughly in size to the fullyear nominal gross domestic product GDP of a nation such as Uzbekistan, a country of around 39 million people, a Reuters comparison showed. A CONCENTRATION OF CHIPS Still, the fund39;s management has repeatedly warned that future wars and economic depression could wipe out much of its holdings. Tangen on Wednesday said the top 10 companies in its portfolio now represent 20 of the fund39;s value, with most of those firms in the tech... https://www.gurutrade.com/news/norway-wealth-fund-posts-record-184b-h1-2026-profit-1786538148.html Wed, 12 Aug 2026 01:30:58 +0300 https://www.gurutrade.com/news/bumble-eases-women-first-rule-to-boost-engagement-1786483430.html Aug 11 Reuters Bumble on Tuesday said it would now allow either person in a match to send the first message, dropping the womenfirst messaging rule that has been a defining feature of the dating app since its launch in 2014. The move comes as datingapp companies grapple with user fatigue toward traditional swipebased platforms and slowing growth, prompting some including Bumble and Tinderowner Match Group to roll out new features and AIpowered tools aimed at improving engagement. Thus far, only women could initiate conversations in heterosexual matches on Bumble, unlike most dating apps, including Tinder, where either user can send the first message. Bumble said tests in Canada have shown higher chat initiation rates, fewer expired chats and more mutual conversations after the changes were introduced. The company is also extending the reply window to 72 hours from 24 hours as it looks to increase conversations and reduce the number of matches that expire without interaction. The changes are a response to demands from users for more flexibility, less pressure, and more opportunities to create real, meaningful connections, founder and CEO Whitney Wolfe Herd said. Earlier this month , Bumble forecast thirdquarter revenue below Wall Street estimates and reported a 16.4 decline in paying users. Reporting by Rashika Singh in Bengaluru; Editing by Jonathan Ananda Source Reuters https://www.gurutrade.com/news/bumble-eases-women-first-rule-to-boost-engagement-1786483430.html Tue, 11 Aug 2026 06:30:38 +0300 https://www.gurutrade.com/news/boeing-jet-deliveries-drop-17-in-july-1786480667.html SEATTLE, Aug 11 Reuters Boeing said Tuesday that it delivered 53 jets in July, five more than a year earlier, but a sharp drop from the 64 jets it handed over in June. The U.S. planemaker trailed European rival Airbus, which delivered 67 planes in July. Boeing also booked 30 new orders after adjusting for cancellations in July, which include a handful of orders announced during a subdued Farnborough Airshow. July deliveries include 39 of Boeing39;s bestselling 737 MAX jet and 10 787s, as well as one 777 freighter and three 767s. Through July, Boeing has delivered 367 jets this year, including 279 737 MAX and 50 787 jets. Boeing booked 38 new orders with eight cancellations in July, resulting in 30 net new orders. July orders include 18 737 MAX and 19 787 orders. Most of the orders had been announced during the Farnborough Airshow in July. Boeing39;s biggest order announcement at Farnborough was for 100 737 MAX jets from Irish leasing giant SMBC Aviation, the world39;s secondlargest leasing company. That order, though, was booked in June as from an unidentified customer. Through July, Boeing has booked more than 130 orders for the 73710, the largest MAX variant, according to the company. Reporting by Dan Catchpole in Seattle; Editing by Sonali Paul Source Reuters https://www.gurutrade.com/news/boeing-jet-deliveries-drop-17-in-july-1786480667.html Tue, 11 Aug 2026 06:10:50 +0300 https://www.gurutrade.com/news/disney-wins-global-streaming-rights-for-formula-e-races-1786471935.html Aug 11 Reuters Disney said on Tuesday it had signed a multiyear deal to stream allelectric Formula E races globally across 144 territories on Disney, with races also available on ESPN and ESPN in the U.S. Demand for live sports programming is seen as key for the media industry as it draws young fans in and helps keep streaming subscribers engaged for months with regular events. The new 202627 season will feature 21 rounds across 13 events, taking Formula E to cities including Jeddah, Austin, Miami, Monaco and Mexico City. The campaign begins on December 18 in Jeddah and concludes with the final round in Tokyo on July 25 next year. The new agreements add to Disney39;s sports portfolio that includes select LALIGA football rights, NBA games and the UEFA Women39;s Champions League. Majorityowned by Liberty Global, Formula E is planning to debut its nextgeneration electric vehicle, GEN4, which the league describes as the debut of the fastest and most technologically advanced electric racing car ever built. The financial terms of the deal were not disclosed. The league said it will maintain its broadcast TV partnerships. Formula E previously partnered with CBS Sports, with races airing across CBS, Paramount and The Roku Channel in the United States. Reporting by Harshita Mary Varghese in Bengaluru; Editing by Pooja Desai Source Reuters https://www.gurutrade.com/news/disney-wins-global-streaming-rights-for-formula-e-races-1786471935.html Tue, 11 Aug 2026 05:30:24 +0300 https://www.gurutrade.com/news/river-ai-raises-1-1-billion-to-expand-custom-ai-tools-1786530646.html Aug 11 Reuters Startup River AI, founded by xAI cofounder Igor Babuschkin, said on Tuesday it has raised 1.1 billion, looking to expand tools that help clients build personalized AI models on their own data. The fundraise was led by General Catalyst and AMP PBC, with strategic investment from Nvidia and AMD Ventures. Additional investors included Y Combinator and Temasek. River AI said it is betting that enterprise AI will shift from companies using generalpurpose models from large labs to customizing and owning their own models, using openweight models. The company added that its API allows enterprises to perform complex reinforcementlearning training runs in 15 to 20 minutes without an infrastructure team and is two to four times more costeffective than closedsource alternatives. AI should be open, freely available, and affordable. It should feel like it is working for the person using it, not the lab that trained it, CEO Igor Babuschkin said. Babuschkin previously worked on generativemodeling and reinforcementlearning at Google DeepMind and led largescale training at OpenAI before cofounding xAI. River AI declined to comment on how much the funding valued it at. Reporting by Prathik Jayaprakash in Bengaluru; Editing by Joyjeet Das Source Reuters https://www.gurutrade.com/news/river-ai-raises-1-1-billion-to-expand-custom-ai-tools-1786530646.html Tue, 11 Aug 2026 04:30:07 +0300 https://www.gurutrade.com/news/nvidia-wall-st-giants-eye-500b-for-ai-buildout-1786458376.html Reuters Nvidia said on Monday it has partnered with six major financial institutions to launch compute financing platforms aimed at raising over 500 billion in thirdparty capital for AI infrastructure. Nvidia CEO Jensen Huang said on X that the company has the option to backstop up to 125 billion, or 25 of the poential deals. The move highlights how surging demand for AI computing capacity is drawing institutional investors, as governments, companies and startups race to build out data centers to support AI workloads. Big Tech companies have signaled that spending on AI would not slow down, with combined outlays set to surpass 730 billion this year. Nvidia signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR for the financing platforms. The initiative is intended to broaden access to Nvidiabased infrastructure among frontier AI developers, enterprises, governments and cloud providers, while creating longerduration, usagelinked investment opportunities for large asset managers and private capital firms. These financing platforms will help customers access scarce compute at scale and build the AI factories that will power every industry and country in the age of AI, Huang said. Nvidia said the arrangements would create dedicated pools of capital at significant scale at attractive rates for its customers. The company did not disclose the financial terms, investment commitments by individual firms or a timetable... https://www.gurutrade.com/news/nvidia-wall-st-giants-eye-500b-for-ai-buildout-1786458376.html Tue, 11 Aug 2026 03:10:35 +0300 https://www.gurutrade.com/news/samsung-sdi-to-buy-out-gm-s-stake-in-battery-joint-venture-1786453329.html Aug 11 Reuters South Korean battery maker Samsung SDI said on Tuesday it will end its joint venture agreement with General Motors in Indiana and acquire the U.S. firm39;s 49.99 stake, citing weakerthanexpected electric vehicle demand. Here are some details Samsung SDI said in a regulatory filing that it plans to use the wholly owned unit SDIGM Synergy Cells Holdings to respond to market demand for batteries across various applications, including energy storage systems ESS and EVs. The company said its existing investment plan would change following the shift to a wholly owned unit, but specific investment plans had not yet been finalised. The company said it would make further disclosures in accordance with regulatory requirements. The ownership change was made in consideration of market changes since the joint venture was announced including the slowerthanexpected growth of EV demand. The two partners have now decided to seek other forms of cooperation other than the joint venture, Samsung SDI said in a statement. Separately, Samsung SDI said it has signed an agreement with GM to jointly develop nextgeneration prismatic batteries for potential future EV applications. Reuters had reported earlier this year that construction at the plant had slowed amid weak demand for EVs. GM and other automakers pulled back on EV manufacturing following the loss of a 7,500 federal tax credit last September. While automakers continue to build and sell... https://www.gurutrade.com/news/samsung-sdi-to-buy-out-gm-s-stake-in-battery-joint-venture-1786453329.html Tue, 11 Aug 2026 09:50:28 +0300 https://www.gurutrade.com/news/archer-to-buy-boeing-s-wisk-2-units-for-20-equity-stake-1786465352.html Reuters Archer Aviation said on Monday it would acquire Boeing39;s electric aircraft firm Wisk Aero and two other units, in a deal that will give the planemaker a nearly 20 stake in the airtaxi maker. The acquisitions, which also include drone maker Insitu and airspaceservices provider SkyGrid, give Archer access to Boeing39;s autonomousflight technology, potentially bolstering its position in defense and commercial logistics. Archer shares rose about 14 in morning trading. It also marks Boeing39;s latest effort to streamline its portfolio and sharpen its focus on its core commercial and defense aircraft businesses, while stepping back from its airtaxi ambitions. Despite years of investment and ambitious forecasts, the electric vertical takeoff and landing, or eVTOL, sector has yet to prove that air taxis can be certified, built at scale and operated at prices attractive to everyday customers. As commercial rollouts have taken longer than expected, companies have increasingly turned to military, cargo and government markets for nearerterm revenue and funding. Wisk has been developing an autonomous electric passenger aircraft. Under the deal, Boeing and Archer will establish a collaboration and technologysharing agreement that preserves Boeing39;s access to Wisk39;s core autonomousflight technology for use in its current and future commercial and defense aircraft programs. Archer, which has yet to generate significant revenue from its core business, will gain access... https://www.gurutrade.com/news/archer-to-buy-boeing-s-wisk-2-units-for-20-equity-stake-1786465352.html Tue, 11 Aug 2026 07:40:50 +0300 https://www.gurutrade.com/news/embraer-shares-surge-on-record-q2-revenue-raised-guidance-1786458640.html SAO PAULO, Reuters Brazilian planemaker Embraer reported record secondquarter revenue of 11.34 billion reais 2.23 billion on Monday, up 10 from a year earlier, alongside a broadly strong performance that triggered a 7 rise in its shares. The world39;s thirdlargest aircraft manufacturer39;s net profit rose 25 yearonyear to 1.11 billion reais, and EBITDA increased 30 to 1.81 billion reais. Scotiabank analysts said Embraer39;s operating performance was strong and broadbased, with sales increasingly weighted toward the company39;s highermargin business segments. Embraer said its Defense Security arm remained a standout performer, with revenue rising 22 from a year earlier, driven by stronger revenue for KC390 Millennium aircraft. The company delivered 65 aircraft in the second quarter, comprising 45 executive jets and 20 commercial jets, a 7 increase from a year earlier. We expect that in 2027 we39;ll see a much better performance in terms of production leveling, which will help us to see a higher productivity and higher efficiency of our lines, CEO Francisco Gomes Neto told an earnings call. In commercial aviation, Embraer expects to expand production capacity to 110 to 120 aircraft a year by 2030, another executive added. Embraer is pursuing opportunities in India and the United States that could support the establishment of additional KC390 Millennium assembly lines outside Brazil, potentially boosting production capacity depending on the size of future orders,... https://www.gurutrade.com/news/embraer-shares-surge-on-record-q2-revenue-raised-guidance-1786458640.html Tue, 11 Aug 2026 07:30:54 +0300 https://www.gurutrade.com/news/vodafone-idea-narrows-quarterly-loss-on-higher-arpu-1786381980.html Aug 10 Reuters Vodafone Idea, India39;s thirdlargest telecom operator, reported a narrower firstquarter loss on Monday, driven by higher average revenue per user ARPU amid more users migrating to highervalue 4G and 5G services. The debtladen company39;s consolidated loss after tax narrowed to 37.54 billion rupees 393.91 million in the quarter ended June 30, from 66.08 billion rupees last year. Vodafone Idea has been ramping up investments in its 4G and 5G network after securing fresh promoter funding and government relief on its telecom dues, aiming to narrow the gap with larger rivals Reliance Jio and Bharti Airtel. After years of ceding market share to rivals amid underinvestment, Vodafone Idea had said sustained network investments had begun to slow subscriber losses, with monthly subscriber additions turning positive from February 2026. The wireless carrier39;s user base rose to 193.1 million from 192.8 million in the previous quarter marking its first quarter of positive net subscriber addition since the merger of Vodafone India with Idea. The company39;s ARPU a key telecom metric rose 10.2 yearonyear to 195 rupees, driven by a 2.1 increase in its 4G and 5G user base, though the metric remained the lowest among its peers. Jio and Airtel previously posted a 7, opens new tab and 37 rise in their quarterly profits, respectively, aided by higher ARPU. Vodafone Idea, 49owned by the Indian government, was formed in 2018 through a merger between the Indian arm of... https://www.gurutrade.com/news/vodafone-idea-narrows-quarterly-loss-on-higher-arpu-1786381980.html Mon, 10 Aug 2026 06:10:52 +0300 https://www.gurutrade.com/news/shein-sticks-to-china-as-vietnam-warehouse-venture-fails-1786459307.html Shein sharply scaling back operations in Vietnam a year after leasing huge logistics hub, sources say End of US de minimis loophole weakened Vietnam39;s role as an export base IPObound Shein pledges more than 1.5 billion for Guangdong supplychain system Some Shein domestic suppliers look elsewhere as US demand cools HANOIGUANGZHOU, China, Aug 10 Reuters Just over a year ago, Chinese ultrafast fashion retailer Shein began leasing 15 hectares of warehouse facilities equivalent in size to 21 soccer pitches near Ho Chi Minh City, part of a grand experiment to make Vietnam a major export base. When it was formulating those plans in late 2024, it seemed like a bet that, while risky, was worth making. U.S. exemptions for duties on small parcels from China that underpinned its business model looked as if they would be abolished, Donald Trump had just been elected U.S. president for a second term and fears of a heightened trade war were soon realised, with U.S. tariffs on many Chinese goods rocketing to 145 by April 2025. Shein started encouraging its biggest Chinese suppliers to set up manufacturing bases in Vietnam. But things did not go to plan. Today, IPObound Shein, known for selling 5 tops and 10 dresses, is drastically scaling back in Vietnam, six people familiar with its operations there said. At 15 hectares, the bonded logistics hub was the largest of its kind in the country and used to employ thousands. The lease now covers 6 hectares, according to two of... https://www.gurutrade.com/news/shein-sticks-to-china-as-vietnam-warehouse-venture-fails-1786459307.html Mon, 10 Aug 2026 05:30:35 +0300 https://www.gurutrade.com/news/gamestop-weighing-withdrawal-of-ebay-bid-bloomberg-news-1786393438.html Aug 10 Reuters GameStop CEO Ryan Cohen is considering withdrawing the videogame retailer39;s 56 billion bid for eBay and may instead pursue a partnership or joint venture with the ecommerce company, Bloomberg News reported on Monday, citing people familiar with the matter. Cohen is considering a proposal that would allow eBay to leverage GameStop39;s roughly 1,600 U.S. retail locations, potentially helping both companies expand market share in highermargin categories such as trading cards and collectibles, the report said. As part of any partnership, GameStop would seek seats on eBay39;s board, Bloomberg reported. GameStop shares were up 1.6 in early trading, while those of eBay fell 2.2. The latest shift comes after eBay rejected GameStop39;s unsolicited takeover proposal in May, saying the offer was neither credible nor attractive. The original bid was met with skepticism from investors and analysts, given that the much smaller GameStop was attempting to acquire a company worth nearly six times its own market value. Analysts also questioned the financing plan, which relied heavily on debt commitments and stock issuance. While both companies have sought to expand in categories such as trading cards and collectibles, their business models are markedly different. eBay operates an online marketplace that earns fees by connecting buyers and sellers, while GameStop is a brickandmortar retailer that purchases inventory and resells it through its store network. GameStop... https://www.gurutrade.com/news/gamestop-weighing-withdrawal-of-ebay-bid-bloomberg-news-1786393438.html Mon, 10 Aug 2026 05:10:24 +0300 https://www.gurutrade.com/news/bristol-myers-to-build-2-3b-manufacturing-site-in-houston-1786468665.html Aug 10 Reuters Drugmaker Bristol Myers Squibb on Monday said it will spend about 2.3 billion to build a new manufacturing facility in Houston, Texas, part of a previously announced 40 billion commitment to invest in the United States. The New Jerseybased company said the new site will create nearly 500 skilled jobs. The announcement comes as global drugmakers have pledged billions of dollars to expand their U.S. manufacturing capacity, as many have struck deals with the Trump administration to avoid tariffs. Companies including Eli Lilly, Johnson Johnson, Roche and Pfizer have announced large U.S. investment plans as the industry responds to the administration39;s pressure to manufacture more medicines in the United States. Bristol said the project is expected to generate about 2,000 construction and related jobs between 2027 and 2030 as the campus is built and brought online. The site will be a roughly 600,000squarefoot campus designed to manufacture smallmolecule medicines as well as more complex drugs like biologics and antibodydrug conjugates. It will be able to be expanded or reconfigured as pipeline needs change, the company said. The company also said it expects the site to expand beyond its initial footprint over time. This investment reflects our confidence in America39;s continued leadership in biopharmaceutical innovation, Chief Executive Christopher Boerner said in a statement. Texas Governor Greg Abbott said the state has offered Bristol a 4.89... https://www.gurutrade.com/news/bristol-myers-to-build-2-3b-manufacturing-site-in-houston-1786468665.html Mon, 10 Aug 2026 04:50:07 +0300 https://www.gurutrade.com/news/meta-launches-new-ai-model-as-zuckerberg-backs-open-weight-1786432347.html Aug 10 Reuters Meta Platforms CEO Mark Zuckerberg called for lower U.S. barriers for opensource AI to better compete with Chinese rivals as the social media giant released a new openweight model on Monday and said more would follow soon. The new model, Muse Glimmer, is smaller than leading AI models from rivals and is instead designed to run agentic tasks on a Mac or PC with a single graphics card, aiming to tap demand for AI systems that run directly on people39;s devices. We39;ve got even bigger models that are coming soon, Zuckerberg said in a video post accompanying his 14page essay titled The Future is for Everyone in which he championed spreading AI rather than leaving it in the hands of a few. The notion AI is so dangerous that the only safe path is an extreme concentration of power seems inherently problematic. Zuckerberg39;s statement marks the latest show of support for openweight AI, which is gaining traction as businesses grow wary of ballooning AI bills and worry about recent cybersecurity incidents involving models from Anthropic, OpenAI and Meta. Openweight models are typically cheaper than leading models from the likes of OpenAI and Anthropic. They also come with publicly accessible core components for easy customization, unlike closed models that companies keep fully under their control. Those controls are in the spotlight after Hugging Face, the AI coding collaboration hacked by a rogue OpenAI model, was forced to use a Chinese openweight model... https://www.gurutrade.com/news/meta-launches-new-ai-model-as-zuckerberg-backs-open-weight-1786432347.html Mon, 10 Aug 2026 04:10:31 +0300 https://www.gurutrade.com/news/zee-s-quarterly-profit-drops-on-weak-ads-high-costs-1786379801.html Aug 10 Reuters India39;s Zee Entertainment Enterprises reported a 46.9 fall in quarterly profit on Monday, hurt by weak advertising revenue and higher costs related to its return to sports broadcasting. The company posted a consolidated net profit of 763 million rupees 8.01 million for the quarter ended June 30, compared with 1.44 billion rupees a year earlier. The results come as investors assess whether Zee39;s push into sports and streaming can help revive profit growth, as its traditional television advertising business remains under pressure from a shift in spending towards sports and digital platforms. Zee returned to sports broadcasting during the June quarter after securing Indian rights to 39 FIFA events through 2034, including the 2026 and 2030 men39;s World Cups, as it looks to attract viewers and advertisers across its television and streaming platforms. The company39;s total income rose 4.8 to 19.39 billion rupees. While brokerage CLSA said weekly active users for its Z5 platform doubled after the World Cup began, analysts have cautioned that the company39;s investment in sports could weigh on nearterm profitability. In a preearnings note last month, brokerage Elara Securities said while Zee39;s advertising would fall 16 yearonyear due to weak demand from consumer goods companies, higher upfront spending on FIFA events would weigh on margins. Zee said the FIFA rights helped drive a recovery in advertising revenue in June, while subscription revenue... https://www.gurutrade.com/news/zee-s-quarterly-profit-drops-on-weak-ads-high-costs-1786379801.html Mon, 10 Aug 2026 03:30:48 +0300 https://www.gurutrade.com/news/beyonce-buys-out-lvmh-s-stake-in-sirdavis-whisky-1786471084.html PARIS, Aug 10 Reuters American pop star Beyonce has acquired full control of the SirDavis whisky brand after French luxury goods group LVMH sold its stake to her, LVMH said on Monday, confirming earlier media reports in specialist trade publications. LVMH declined to provide further details regarding the transaction. LVMH and Beyonce initially formed the SirDavis whisky venture in 2024, amid a trend of similar partnerships between fashion companies and celebrities, such as LVMH39;s Armand de Brignac champagne deal with Beyonce39;s husband JayZ. Reporting by Sudip KarGupta; Editing by Kirsten Donovan Source Reuters https://www.gurutrade.com/news/beyonce-buys-out-lvmh-s-stake-in-sirdavis-whisky-1786471084.html Mon, 10 Aug 2026 01:50:12 +0300 https://www.gurutrade.com/news/plus500-core-profit-rises-as-us-business-gains-traction-1786358027.html Aug 10 Reuters Trading platform Plus500 reported a rise in halfyear core profit on Monday, aided by higher trading activity as the company expanded its U.S. business and rolled out more products, including the fastgrowing predictions market. Here are some more details The Israeli fintech firm reported a 1 rise in core profit to 187.5 million for the sixmonth period ended June 30, citing growth in trading activity after stepping up investments in customer acquisition. Shares of the company were up 5 at 3942 pence in early trading on Monday. Plus500 said the first half of 2026 marked a genuine stepchange for its U.S. business, following investments in the consumer predictions market and the expansion of product offerings, including fiveday, roundtheclock trading. The count of new customers rose 17 in the halfyear period, but fell 12 in the second quarter. The group expects to report 2026 revenue and core profit in line with current market expectations, following several analyst upgrades earlier this year. Plus500 said additional B2B partnerships, continued scaling of the prediction markets offering and further development of its global futures business are expected to be key growth drivers in the second half. The firm continues to evaluate further bolton acquisitions. Plus500 also announced 182.5 million in shareholder returns, comprising a 100 million share buyback and 82.5 million in total dividends. Reporting by Simone Lobo in... https://www.gurutrade.com/news/plus500-core-profit-rises-as-us-business-gains-traction-1786358027.html Mon, 10 Aug 2026 11:30:41 +0300 https://www.gurutrade.com/news/under-armour-expects-bigger-sales-drop-on-weak-us-demand-1786138676.html Aug 7 Reuters Under Armour on Friday forecast a bigger drop in annual revenue, underscoring the challenge of reviving growth as cautious consumers in North America rein in spending on athletic apparel amid persistent inflation and economic uncertainty. The challenges come as shoppers increasingly gravitate toward newer and more innovationfocused brands such as On and Hoka, intensifying competition for established players, including Nike, Adidas and Under Armour that are working to reignite growth. It39;s a difficult sportswear market right now. The tariff situation and other economic factors are not helping, Morningstar analyst David Swartz said. Revenue at Under Armour39;s North America business, its largest market, fell 9 to 609.8 million in the quarter ended June 30. For the second quarter, we expect a more challenging consumer environment to persist, particularly in North America and parts of Asia Pacific, Chief Financial Officer Reza Taleghani said on a postearnings call. Under Armour said it now expects fullyear revenue to decline by a midsingledigit percentage, compared with its prior target of a slight decline. Kevin Plank, who returned as CEO in 2024, said consumers don39;t need more choices, they need better ones. The company has been pushing ahead with its turnaround plan that includes reducing its product assortment by about 25 and focusing on higherpriced offerings in categories such as training, running and team sports. The company has launched... https://www.gurutrade.com/news/under-armour-expects-bigger-sales-drop-on-weak-us-demand-1786138676.html Fri, 07 Aug 2026 07:30:01 +0300 https://www.gurutrade.com/news/ola-electic-posts-narrower-q1-loss-on-higher-ev-sales-1786119503.html Aug 7 Reuters India39;s Ola Electric on Friday reported a narrower firstquarter loss, helped by higher electric twowheeler sales and lower operating expenses following last year39;s restructuring. The company posted a net loss of 3.36 billion Indian rupees 35.29 million for the quarter ended June 30, compared with a loss of 4.28 billion rupees a year earlier. Here are the key details The results come as demand for electric twowheelers remains strong in India, with analysts expecting the segment to continue gaining share of the broader twowheeler market. Ola said orders nearly doubled from the previous quarter to about 44,000 units, while deliveries rose to about 39,200 units, boosting revenue at its automotive unit, its largest business, by 72 sequentially. Consolidated operating expenses fell 22 from the previous quarter as the company continued costcutting measures introduced during last year39;s restructuring. Revenue from operations, however, fell about 45 from a year earlier to 4.55 billion rupees. Ola maintained a gross margin of 30.5 despite higher copper, aluminium, lithium and plastics costs, and said further sales growth and cost efficiencies should help improve profitability. Geopolitical tensions in the Middle East had made fuel prices more volatile, boosting the appeal of electric twowheelers as consumers look to lower running costs, the company said in an exchange filing. Analysts expect demand for electric twowheelers to... https://www.gurutrade.com/news/ola-electic-posts-narrower-q1-loss-on-higher-ev-sales-1786119503.html Fri, 07 Aug 2026 04:10:50 +0300 https://www.gurutrade.com/news/inpex-raises-full-year-outlook-on-high-oil-and-lng-1786376678.html TOKYO, Aug 7 Reuters Japanese oil and gas explorer Inpex Corp raised its fullyear profit forecast by up to 46 to a record 510 billion yen 3.22 billion on Friday, citing higher oil prices and strong output from its Ichthys LNG project in Australia. The company had forecast 2026 net profit of 350 billion yen to 450 billion yen in May. For JanuaryJune, it booked a 17.7 rise in net profit to 263 billion yen. Inpex also raised its fullyear dividend forecast to 112 yen per share from 108 yen and announced a share buyback of up to 50 million shares, or 140 billion yen. Toshiaki Takimoto, senior executive vice president, said its crude oil sales from Abu Dhabi in the United Arab Emirates UAE fell by about 30 year on year in the six months to June 30 due to the Iran war. The company still aims to invest in boosting production in the region, he added. Shipments from the Ichthys project have remained smooth and are expected to exceed 120 cargoes this year, Takimoto said. One train at the Ichthys project will undergo planned maintenance for about a month and a half from midJuly 2027, the company said. Takimoto said the company remains on track to make a final investment decision on the Abadi LNG project in Indonesia in mid2027. 1 158.3800 yen Reporting by Yuka Obayashi Editing by David Goodman Source Reuters https://www.gurutrade.com/news/inpex-raises-full-year-outlook-on-high-oil-and-lng-1786376678.html Fri, 07 Aug 2026 03:10:27 +0300 https://www.gurutrade.com/news/dream-finders-to-buy-beazer-homes-in-2-2-billion-deal-1786132975.html Aug 7 Reuters Dream Finders Homes said on Friday it would acquire peer Beazer Homes in an allcash deal worth about 2.2 billion, including debt, as it looks to scale up and become the sixthlargest U.S. homebuilder in a challenging housing market. U.S. homebuilders are navigating rising costs due to persistent inflation, as well as President Donald Trump39;s tariffs on key construction raw materials. Besides, weakening consumer sentiment is prompting builders to offer incentives like mortgage rate buydowns, which in turn has hurt their margins further. Under the agreement, Beazer shareholders will receive 33.50 in cash for each share they own. It represents a premium of 0.12 from Beazer39;s last close. The transaction implies Beazer39;s equity value at about 916 million, according to Reuters39; calculation. Shares of Beazer Homes were down over 1 before the bell. The agreement marks an end to a monthslong saga between the two companies. In May, Dream Finders Homes had offered to acquire its peer for about 704 million, or 25.75 per share, but Beazer39;s board had rejected the proposal, saying it significantly undervalued the company. Beazer39;s shares have soared nearly 80 since the offer was announced through the stock39;s last close. The company operates across 15 markets in 13 states, offering homes across a range of price points and providing related financing services. Dream Finders and Beazer expect the transaction to close in the fourth quarter of 2026,... https://www.gurutrade.com/news/dream-finders-to-buy-beazer-homes-in-2-2-billion-deal-1786132975.html Fri, 07 Aug 2026 02:50:49 +0300 https://www.gurutrade.com/news/india-s-titan-posts-profit-surge-on-strong-jewellery-demand-1786377590.html Aug 7 Reuters India39;s Titan reported a 63 jump in quarterly profit on Friday, as demand for jewellery stayed strong and store footfalls climbed while elevated gold prices drove expenses higher. Large jewellery chains including Kalyan Jewellers and Titan39;s Tanishq and CaratLane have been amassing customers from smaller independent jewellers as they rapidly expand across India, the world39;s secondlargest consumer of gold. Titan is the country39;s largest jeweller by both store count and revenue. The company, also home to Titan Eye eyewear and Fastrack watch stores, had 3,680 stores at Juneend, up from 3,322 last year. The company39;s profit surged to 17.77 billion rupees 186.64 million and overall margins for earnings before interest and taxes EBIT expanded to 13.4 from 11.8, as customers turned to buying highermargin jewellery. Revenue from the mainstay jewellery business, excluding bullion and digigold sales, rose 43, with footfalls in Indian retail stores climbing at a low doubledigit percentage pace. Overall revenue jumped 40 to 207.87 billion rupees. Excluding customsduty gains, profit rose 37. Total expenses climbed 26 to 190.75 billion rupees on higher gold prices and advertising costs. Titan maintained its mediumterm expectation of doubledigit jewellery annual revenue growth, though executives said Titan recorded some softness in plain gold demand toward the end of July with some consumers delaying purchases as gold prices turned volatile once more.... https://www.gurutrade.com/news/india-s-titan-posts-profit-surge-on-strong-jewellery-demand-1786377590.html Fri, 07 Aug 2026 02:30:27 +0300 https://www.gurutrade.com/news/ola-electric-posts-narrower-q1-loss-on-higher-ev-sales-1786377200.html Aug 7 Reuters India39;s Ola Electric on Friday reported a narrower firstquarter loss, helped by higher electric twowheeler sales and lower operating expenses following last year39;s restructuring. The company posted a net loss of 3.36 billion Indian rupees 35.29 million for the quarter ended June 30, compared with a loss of 4.28 billion rupees a year earlier. Here are the key details The results come as demand for electric twowheelers remains strong in India, with analysts expecting the segment to continue gaining share of the broader twowheeler market. Ola said orders nearly doubled from the previous quarter to about 44,000 units, while deliveries rose to about 39,200 units, boosting revenue at its automotive unit, its largest business, by 72 sequentially. Consolidated operating expenses fell 22 from the previous quarter as the company continued costcutting measures introduced during last year39;s restructuring. Revenue from operations, however, fell about 45 from a year earlier to 4.55 billion rupees. Ola maintained a gross margin of 30.5 despite higher copper, aluminium, lithium and plastics costs, and said further sales growth and cost efficiencies should help improve profitability. Geopolitical tensions in the Middle East had made fuel prices more volatile, boosting the appeal of electric twowheelers as consumers look to lower running costs, the company said in an exchange filing. Analysts expect demand for electric twowheelers to... https://www.gurutrade.com/news/ola-electric-posts-narrower-q1-loss-on-higher-ev-sales-1786377200.html Fri, 07 Aug 2026 02:10:26 +0300 https://www.gurutrade.com/news/sbi-beats-quarterly-profit-view-on-healthy-loan-growth-1786348088.html Q1 profit rises 10.2, beats estimates; loan book grows 18.6 Domestic NIM expands 7 bps sequentially to 3 SBI mobilises 6 bln in subsidised foreign currency deposits, targets 10 bln Aug 7 Reuters State Bank of India posted a largerthanexpected quarterly profit on Friday, helped by healthy loan growth, pushing shares as high as 3.6. Credit growth has been robust in Asia39;s thirdlargest economy as firms borrow due to rising working capital needs and households make a beeline for consumption and goldbacked loans. The staterun SBI posted a 10.2 rise in net profit to 211.21 billion rupees 2.22 billion, above analysts39; estimates of 191.02 billion rupees, as per data compiled by LSEG. Its gross loan book grew 18.63 yearonyear, while deposits grew 9.73. Loan growth at SBI, the country39;s largest lender, is closely watched as an indicator of broader economic trends. Across the sector, analysts and investors have also been closely watching bank margins as strong loan growth has coincided with intense competition for deposits at a time when deposit growth has lagged growth in loans. SBI39;s domestic net interest margin expanded 7 basis points to 3 from three months ago. Net interest income, the difference between interest earned on loans and paid on deposits, grew nearly 15 yearonyear to 469.92 billion rupees for the quarter ended June 30. Top lenders such as HDFC Bank, Axis Bank and Kotak Mahindra Bank reported sequential margin declines in the first quarter. SBI39;s... https://www.gurutrade.com/news/sbi-beats-quarterly-profit-view-on-healthy-loan-growth-1786348088.html Fri, 07 Aug 2026 11:50:21 +0300 https://www.gurutrade.com/news/vw-families-urge-swift-action-on-restructuring-1786099448.html Volkswagen Group 39;at a historic crossroads39;, controlling families say VW CEO has already pledged drastic overhaul of the group Porsche SE finance chief says 39;competitiveness is the goal39; BERLIN, Aug 7 Reuters Volkswagen39;s controlling families dialled up the pressure on the German auto group39;s stakeholders on Friday, backing management39;s push for a dramatic restructuring that could cost tens of thousands more jobs. Speaking as Porsche SE, the investment vehicle of the PorschePiech auto dynasty and Volkswagen39;s top shareholder, announced a drop in its adjusted posttax earnings, its board chairman Hans Dieter Poetsch said the Volkswagen group is at a historic crossroads. For the sake of the company and its sustainable competitiveness, everyone must now step up and take responsibility, Poetsch said. The longer decisions are delayed, the bigger the problems will become, he added. VW BATTLING RISING COSTS, COMPETITION FROM CHINA Volkswagen CEO Oliver Blume has pledged to drastically overhaul the group  which includes the VW massmarket business, premium brands Porsche and Audi, and luxury marque Lamborghini as it battles high costs, tariff woes and intensifying competition from China. Porsche SE finance chief Johannes Lattwein called on the group to reduce excess capacity, significantly cut costs, and strengthen decisionmaking. Having already overseen tens of thousands of job cuts, Blume39;s latest restructuring plan threatens another 50,000 layoffs... https://www.gurutrade.com/news/vw-families-urge-swift-action-on-restructuring-1786099448.html Fri, 07 Aug 2026 11:10:21 +0300 https://www.gurutrade.com/news/rwe-pays-1-22b-to-exit-us-wind-leases-for-gas-shift-1786032083.html RWE will shift investment to gas projects, including Louisiana LNG and U.S. gas power plants Deal is Trump administration39;s fifth offshore wind lease cancellation agreement this year RWE had stopped work on US offshore wind last year, citing Trump administration moves against industry Aug 6 Reuters German energy company RWE said on Thursday that it had reached a 1.22 billion deal with the Trump administration to cancel three offshore wind leases in U.S. waters and to direct the funds to LNG and natural gas power plant projects. The deal is the fifth the administration has struck this year as part of its wideranging effort to stop development of U.S. offshore wind projects, which U.S. President Donald Trump regards as costly and ugly. RWE, one of the world39;s top offshore wind developers, had stopped work on its U.S. projects last year due to the administration39;s efforts to thwart the industry, which included several orders to freeze multibilliondollar projects under construction. After careful consideration, it was determined there is no path forward to permit these projects in the U.S. for the foreseeable future, the company said in a statement. The company determined that this resolution best serves the interests of its stakeholders and allows it to direct resources toward energy projects that can be advanced with certainty. To that end, RWE said it would spend 900 million to acquire a 16 stake in a Louisiana LNG project. It also signed a 300 million... https://www.gurutrade.com/news/rwe-pays-1-22b-to-exit-us-wind-leases-for-gas-shift-1786032083.html Thu, 06 Aug 2026 06:30:59 +0300 https://www.gurutrade.com/news/burger-king-us-strength-lifts-restaurant-brands-sales-1786086636.html Aug 6 Reuters Restaurant Brands International beat overall samestore sales growth expectations for the second quarter, helped by resilient demand at its Burger King chain in the U.S. Fastfood chains have increasingly leaned on value menus, bundled meal deals and pricefocused promotions to attract customers squeezed by persistent inflation and higher living costs amid geopolitical uncertainty. Burger King39;s U.S. business benefited from value offers, including its 2 for 5 and 3 for 7 meal deals, which helped draw diners who had pulled back on discretionary spending. Restaurant Brands has also been investing heavily in Burger King over the last few years to revive sales through restaurant remodels and marketing initiatives. Comparable sales at Burger King U.S. grew 8.5 for the quarter ended June 30, compared with a 1.5 rise last year. Analysts, on average, expected the segment to report comparable sales growth of about 3.5. The Torontobased company has also emphasized value across its other brands. Tim Hortons, which makes up about 41 of the company39;s operating income, has been offering breakfast sandwich or wrapandcoffee deals for C3, while loaded wrap meals are priced at C8.99. Tim Hortons, which has around 3,900 restaurants in Canada as of February 2026, reported a 0.1 rise in its comparable sales in the country for the quarter, down from 3.6 reported the prior year. Analysts expected a 1.5 increase. U.S.listed shares of the company were down about 3 in early... https://www.gurutrade.com/news/burger-king-us-strength-lifts-restaurant-brands-sales-1786086636.html Thu, 06 Aug 2026 05:30:41 +0300 https://www.gurutrade.com/news/india-s-lic-posts-profit-rise-as-margins-expand-1786026069.html BENGALURU, Aug 6 Reuters Life Insurance Corporation of India reported a 23 increase in firstquarter profit on Thursday, helped by strong group business and margin expansion from a greater focus on more profitable products, despite heightened competition. The insurer39;s net profit rose to 134.92 billion rupees 1.42 billion for the quarter ended June 30, from 109.87 billion rupees a year earlier. Analysts had expected LIC to report a healthy quarter as demand for traditional life insurance remained buoyant after tax changes late last year. Competition has intensified as private insurers stepped up their focus on more profitable nonparticipating policies that don39;t pay policyholders bonuses or dividends. Still, a favourable yearago base, continued momentum in group insurance and LIC39;s own greater focus on nonparticipating products have boosted its earnings. The staterun insurer39;s net premium income increased nearly 7 yearonyear to 1.27 trillion rupees in the quarter through June. First year premiums from new policies rose 22.5, while renewal premiums increased 3. LIC is the largest life insurer in the world39;s most populous country, where rising financial awareness is driving insurance demand. Low insurance penetration leaves significant room for further growth. India is expected to emerge as the fastestgrowing major life insurance market, with life insurance premiums forecast to grow 10.5 annually through 2036, positioning it to challenge Japan as Asia39;s... https://www.gurutrade.com/news/india-s-lic-posts-profit-rise-as-margins-expand-1786026069.html Thu, 06 Aug 2026 05:06:04 +0300 https://www.gurutrade.com/news/commerzbank-optimistic-on-unicredit-deal-prospects-says-ceo-1786027945.html Commerzbank reported better than expected 94 profit leap Italy39;s UniCredit closing in on takeover Investor call offers management teams a chance to test positions Commerzbank CEO says major changes need agreement among stakeholders FRANKFURT, Aug 6 Reuters Commerzbank has begun talks with UniCredit over a possible takeover by the Italian lender and is optimistic a deal can be agreed, the German bank39;s CEO said on Thursday. Public announcement of a resumption in talks and Commerzbank Chief Executive Bettina Orlopp39;s more conciliatory tone are major developments in the twoyear battle for ownership of Germany39;s secondbiggest bank by its Italian counterpart. The exact nature of the talks and the individuals involved remained unclear, but the pronouncements emphasise Commerzbank39;s acceptance that it has run out of options for opposing the deal and wants to strike the best possible agreement. The saga has taken a dramatic turn in recent weeks, with UniCredit edging towards control as Commerzbank officials signalled that talks would soon resume after UniCredit39;s 45 billion 52 billion hostile takeover approach. 39;DETERMINED TO CREATE VALUE39; We have started talks on this, which is in the genuine interest of both UniCredit and Commerzbank, as we are both determined to create value for our shareholders, clients and employees, Orlopp told analysts. I39;m optimistic that, step by step, we can find common ground on governance and also on the business model.... https://www.gurutrade.com/news/commerzbank-optimistic-on-unicredit-deal-prospects-says-ceo-1786027945.html Thu, 06 Aug 2026 03:50:47 +0300 https://www.gurutrade.com/news/merck-raises-2026-profit-guidance-beats-quarterly-estimates-1786019236.html 2026 adj EBITDA guidance raised to 5.96.3 billion Q2 adj EBITDA climbs 9.4 to 1.60 billion Handily beats consensus of 1.53 billion FRANKFURT, Aug 6 Reuters Germany39;s Merck KGaA raised its 2026 core profit guidance and beat quarterly expectations on Thursday, helped by continued strong demand for semiconductor materials and drug production supplies. The diversified familycontrolled group said it expects adjusted earnings before interest, taxes, depreciation and amortisation EBITDA of between 5.9 billion euros and 6.3 billion euros 6.8 billion7.3 billion in 2026, up from previous guidance of between 5.7 billion euros and 6.1 billion euros. Quarterly adjusted EBITDA rose 9.4 to 1.60 billion euros, above analysts39; average estimate of 1.53 billion euros, according to a companyprovided poll. CEO Kai Beckmann told reporters that growing AIrelated spending is a driver of the company39;s semiconductor business. As a supplier to the semiconductor industry, Merck manufactures specialty materials and chemical solutions used to produce advanced microchips that underpin AI applications and data centres. Beckmann said demand remained strong, with customers continuing to report capacity bottlenecks for AIrelated technologies. He added that Merck raised its 2026 guidance based on robust operating performance and easing foreign exchange headwinds. Shares in Merck, which have gained almost 20 since the start of the year, were up around 1 as of 0936 GMT. Analysts at Jefferies... https://www.gurutrade.com/news/merck-raises-2026-profit-guidance-beats-quarterly-estimates-1786019236.html Thu, 06 Aug 2026 01:30:19 +0300