Business

Spider-Man, The Odyssey’s Success Lifts Indian Cinema Stocks

Indian cinema operators’ shares are rising after blockbuster openings for Hollywood movies Spider-Man: Brand New Day and The Odyssey.

Yen Needs More Intervention to Hold Gain: 3-Minutes MLIV

Anna Edwards, Lizzy Burden and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)

Mark Villar files bill exempting MSMEs from 2% tax on gross income

MANILA, Philippines — Sen. Mark Villar on Monday, Aug. 3, initiated a bill seeking to exempt micro, small, and medium enterprises (MSMEs) from the Minimum Corporate Income Tax (MCIT). Senate Bill No. 2362, once passed and signed into law…

Kamel: Standard Raise Not Enough for Mideast Hiring

The war on Iran and talent shortages have made C-suite candidates much harder to recruit and retain in the Middle East. That’s according to Alchemy Search, who says candidates have stronger bargaining power, while employers are shifting to…

Obesity battle heats up again as Novo claws its way back into race with Lilly

Novo Nordisk is getting a boost from its new Wegovy weight-loss pill that ​is holding onto its lead against Eli Lilly's more recently launched Foundayo.

MUFG's first-quarter profit climbs 48% on higher loan margins

MUFG's first-quarter profit soars 48% on higher loan margins

Japanese Firms Have Buffer Before Stronger Yen Hits Earnings

The yen’s sharp rally sparked a selloff in Japanese equities Monday but the currency failed to breach the level that many companies use as the basis for their profit forecasts, giving stocks scope to rebound.

European Stocks Test New Highs as Lower Oil Boosts Sentiment

European stocks tested fresh highs, with consumer products and retail shares among the biggest gainers, as signs of easing tensions between the US and Iran pushed oil prices lower.

Oil prices drop after Trump orders US forces to hold off on new strikes against Iran

Oil prices fell sharply after President Donald Trump said he would order U.S. forces to hold off on new strikes against Iran, claiming that a deal to end the fighting in the Middle East was near. A resolution to the conflict, which has…

Yen Surge Will Drive Up Other Asian Currencies, Strategists Say

The rally in the yen is set to bolster a number of other Asian currencies based on their relatively high correlations, according to Citigroup Inc. and Barclays Bank Plc.

Russian Transport Ministry sets up HQ to coordinate transportation in Azov-Black Sea basin

The headquarters is working to establish alternative logistics routes and to redirect cargo flows to other modes of transport, the ministry said