Mercedes-Benz reported a 22% rise in second-quarter operating profit, driven by cost controls that offset a sharp sales decline in China and led the automaker to trim its full-year revenue forecast.
India's benchmark stock indices, the Nifty 50 and BSE Sensex, closed marginally lower in a mixed trading session. A rally in technology stocks led by TCS was counteracted by a sharp sell-off in Hindustan Unilever and weakness in industrial sectors.
Yum Brands faces a critical test as it prepares to report earnings amid a significant cyclospora outbreak linked to its Taco Bell chain, which has caused a sharp drop in traffic and sales.
Shares in the Swedish defense firm rose after it announced a major new export contract for its GlobalEye surveillance aircraft, adding to an already record order backlog.
The German automaker is making structural changes to its dealership network and production capacity in response to challenging market conditions, CEO Ola Kaellenius confirmed Tuesday.
Shares of the German dialysis provider fell after Exane BNP Paribas downgraded the stock to "Underperform," citing risks to U.S. sales volumes and potential pressure on operating income.
Investor positioning in Chinese equities has improved on short covering, while bearish bets have increased on South Korean and Japanese markets, according to a new Citi analysis. The report highlights the KOSPI's fragility and rising capitulation risk.
Ratings agency Fitch has warned that the artificial intelligence boom presents a significant global credit risk, citing soaring valuations and massive spending that have deeply intertwined the sector with capital markets and the broader economy.
Mega-cap technology companies are reporting strong results, but their stocks are failing to gain traction as investor focus shifts to the high cost of AI-related capital expenditures, according to analysis from Wolfe Research.
