The Swiss banking giant reported second-quarter net profit of $2.8 billion, surpassing analyst estimates, and plans to repurchase shares worth $3 billion by mid-next year amid ongoing integration of Credit Suisse.
A powerful 7.1-magnitude earthquake in southern Japan has killed at least 13 people and forced major manufacturers including Toyota, Sony, and Honda to suspend operations. Rescue efforts are ongoing amid widespread power outages and infrastructure damage.
Bank of Singapore, the private banking arm of OCBC, is rolling out an agentic AI platform that aims to cut the time required to open new accounts for high-net-worth clients from over 30 days to just 15.
The Swedish appliance giant reported a second-quarter operating profit nearly double analyst estimates, but cautioned that its key North American market continues to face challenging conditions amid a broader business turnaround.
The British luxury carmaker posted a smaller adjusted operating loss of £52 million, citing strong Valhalla sales and cost controls, but the figure was wider than the £45 million loss analysts had forecast.
Asian markets fell sharply Wednesday, led by an over 8% drop in South Korea's KOSPI, as a rout in technology stocks and renewed Middle East tensions rattled investor confidence.
South Korea's benchmark stock index extended its steep decline on Wednesday, triggering a market-wide circuit breaker for a second straight session amid a global rout in semiconductor stocks. Heavyweights like SK Hynix and Samsung Electronics led the losses on concerns over AI spending and valuations.
The emerging markets-focused bank reported a 9% rise in first-half pretax profit to $4.78 billion, exceeding analyst expectations despite setting aside funds for geopolitical risks.
The Swiss banking giant announced a second-quarter net profit of $2.8 billion, significantly higher than the $2.39 billion average forecast from a company-provided analyst poll.
