Business

Hispasat wins lead role in EU's €15.6 billion IRIS2 satellite network

Moneybase Launches Weekly Cashback On Card Spending

Calamatta Cuschieri Moneybase has introduced weekly cashback on its Moneybase Mastercard , giving its customers cashback on purchases they make every week as a permanent offering. Cashback is calculated on card spending each week and…

Nutresa EBITDA Jumps 32%; Reported Profit Falls 89%

Grupo Nutresa’s first-half EBITDA jumped 32% and adjusted profit rose, but dollar-debt hedges pushed reported net income down about 89%. The post Nutresa EBITDA Jumps 32%; Reported Profit Falls 89% appeared first on The Rio Times .

Quant Crash in China Sends DeepSeek Founder’s Funds Down 20%

China’s quantitative hedge funds suffered steep losses in July after a rout in stocks linked to artificial intelligence, pushing some funds into the red for the year and leaving others doing little better than benchmark stock indexes.

SK Hynix to invest $38 billion building new memory chip plants as demand soars

Memory prices have surged because of short supply and huge demand with investors watching closely for any changes to the supply-demand imbalance.

Monte dei Paschi Profit Beats Expectations

Banca Monte dei Paschi di Siena exceeded profit expectations in the second quarter. Rival lender Banco BPM last week dropped a proposal to Monte Paschi to start merger discussions. Bloomberg's Steven Arons reports. (Source: Bloomberg)

Nominations for Hong Kong’s Election Committee to run from October 7 to 20

Nominations for Hong Kong’s powerful Election Committee will take place in October, with the vote for 982 seats of the 1,500-member body – which picks the city’s chief executive and some of the legislative candidates – taking place a month…

Japan’s GPIF posts $152 billion gain with help from stocks

The Government Pension Investment Fund, one of the world's largest, had an unprecedented ¥24.1 trillion quarterly gain, an 8.2% return, with assets totaling ¥317.76 trillion.

AI Is Creating More Jobs Than It Cuts in India, Nomura Says

India, the world’s back office for many global companies, is emerging as a key test case for artificial intelligence’s impact on employment, with AI-related hiring outpacing job losses so far, according to Nomura Holdings Inc.

India’s Top Bank Net Income Beats Estimates, Shares Rise

State Bank of India reported better-than-expected profit in its first quarter, as the country’s biggest lender benefitted from strong credit growth in the world’s fastest-growing major economy. Shares rose.

Thailand to cut excise tax for car production, minister says

BofA Sentiment Gauge Hits Most Extreme Bullish Level Since 2021

Investor bullishness has become so extreme that it’s time to start reducing exposure to risky assets, according to Bank of America Corp. strategists.