The German automaker cut its full-year sales outlook, now expecting a decline of up to 3%, after reporting a second-quarter operating profit of €3.5 billion, a 9.5% drop from the previous year.
Equity markets in Asia fell sharply, led by losses in Japan and South Korea, as new U.S. tariffs on global imports coincided with a sell-off in U.S. tech stocks and persistently high oil prices.
HSBC has agreed to sell its life and health insurance business in Singapore to Allianz for S$2.7 billion ($2.1 billion) as the bank pivots its strategy to focus on wealth management in Asia.
Mining giant BHP Group saw its shares decline after its latest quarterly report revealed a significant cut to its fiscal 2027 copper production forecast and an ongoing industrial dispute at a key Australian iron ore port.
U.S. stock futures were little changed after major indices fell sharply, driven by steep losses in Alphabet and Tesla over AI spending concerns. New U.S. tariffs and rising oil prices from Middle East tensions are also weighing on investor sentiment.
A Kenmore Air seaplane carrying 11 people made an emergency landing and caught fire near Sucia Island, Washington. All passengers and the pilot were accounted for following a multi-agency rescue operation.
Oshidori International Holdings saw its stock price climb after the financial services firm projected its first-half profit would more than triple, citing strong market conditions.
Japanese stocks fell sharply on Friday, with the Nikkei 225 benchmark losing over 2% after a steep decline in Alphabet shares sparked investor concerns about the high cost of artificial intelligence development.
The CRISPR-focused biotechnology firm priced its initial public offering at the high end of its projected range, indicating strong investor demand ahead of its Nasdaq debut.
