Page 1075 - Reuters

Hyundai Motor Q2 net profit soars, expects chip shortage to ease

Hyundai Motor Co turned in its best quarterly profit in about six years on Thursday, helped by solid demand for its high-margin SUVs and its premium Genesis cars

China rejects WHO plan for second phase of investigation of Covid-19 origin

China rejected on Thursday WHO plan for a second phase of an investigation into the origin of the coronavirus, which includes the hypothesis it could have escaped from a Chinese laboratory

Tens of thousands people evacuated as China storms spread northwards

The provincial weather bureau raised the storm alert for four cities in north of Henan - Xinxiang, Anyang, Hebi and Jiaozuo - to red, highest tier of a four-step colour-coded weather warning system

Gold hovers near 1-week low as risk appetite returns; ECB meet in focus

Gold prices fell on Thursday, hovering near a more than one-week low, weighed down by a stronger dollar and a rebound in risk sentiment as investors looked past economic threats

US private equity fund Lone Star lays off majority of Asia staff: Sources

Texas-based private equity firm Lone Star Funds has laid off most of its investment team in Asia outside Japan in a major retreat from the region

Oil prices keep overnight gains as demand hopes offset US stock build

Oil prices held on to most of their gains from the previous session on Thursday, as signs of stronger demand helped offset an unexpected rise in US inventories

Australian regulator to probe Amazon.com, eBay and other online markets

The Australian antitrust regulator on Thursday kicked off an inquiry into local units of Amazon.com Inc, eBay Inc and other online markets to ensure fairness in a sector where sales have soared

US state officials urge support for landmark $26 billion opioid settlement

Under the settlement proposal, McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp- are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson would pay $5 billion

Oil surges 4% amid better risk appetite despite weak demand outlook

Brent crude futures had gained $2.53, or 3.65 per cent, to $71.88 a barrel by 18.41 pm IST

EU rejects UK demand for new post-Brexit deal on Northern Ireland

The Northern Ireland protocol was part of the settlement, backed by Johnson, that finally sealed Britain's bitter divorce from the bloc, four years after British voters backed leaving in a referendum.

Israel sets up team of ministers to examine NSO spyware allegations: Report

The team is headed by Israel's National Security Council, which answers to Prime Minister Naftali Bennett and has broader areas of expertise than the Defence Ministry

IMF to keep 2021 global growth forecast at 6%: Managing Director

Georgieva, speaking at an online event sponsored by the Peterson Institute for International Economics, said that economic recovery will be held back unless the pace of Covid-19 vaccination picks up

Infosys reopens offices as India Inc eyes long road back to work

The Bengaluru-based IT services company stopped short of calling all employees back to work, reflecting wider caution across the sector

Wall Street rises on upbeat earnings, recovery optimism; Dow up 260 pts

Coca-Cola Co rose 1.9% after boosting its full-year sales forecast, while Verizon Communications Inc added 1.1% after it beat estimates for quarterly results

Global chip shortage will easily drag into 2022 - Stellantis CEO

Some carmakers have adapted to the chip shortage by dropping features from their models

SoftBank's robotics ambitions short circuit as Pepper loses power

SoftBank will end sales of new Pepper units in 2023 at the latest as those parts become obsolete: report

Chile's Codelco plans India, SE Asia push to trim reliance on China

The firm will open a new office in Singapore to help lead the push around the region to deal with clients in Vietnam, Malaysia and Thailand, among others

Gold prices fall 1-week low on firm US dollar, rebounding treasury yields

The U.S. dollar traded close to its highest since the start of the year, making gold more expensive for holders in other currencies.

Harley Davidson's turnaround plan gains traction, shows signs of progress

The 118-year-old American brand, which has been steadily losing U.S. market share amid declining retail sales for six years, has shifted focus back to big bikes

Verizon results beat estimates as 5G push attracts more customers

Verizon added 275,000 postpaid phone subscribers in the second quarter, above FactSet estimates of 174,800, as the reopening of its stores also helped drive subscriber growth.