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SoftBank shares surge to record after optimism for AI prospects boosted Q1 earnings

By Anton Bridge and Junko Fujita TOKYO (Reuters) -Shares in SoftBank Group jumped more than 13% to a record high on Friday morning in a show of investor support for the Japanese technology investor’s AI push after first quarter profit beat expectations. SoftBank’s share price hit ...
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China’s SMIC says Trump tariffs did not cause expected ‘hard landing’

By Che Pan and Joe Cash BEIJING (Reuters) -China’s top foundry SMIC’s co-CEO said on Friday that U.S. tariff policy had not resulted in the “hard landing” that the company was initially worried about and that strong domestic demand will keep its production capacity ...
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Japan index hits record high on earnings boost, other Asian markets ease

By Gregor Stuart Hunter SINGAPORE (Reuters) -Japanese shares surged on Friday after positive earnings reports and expectations the U.S. would remove overlapping tariffs on the country’s goods, while shares were down in other Asian markets after a late retreat on Wall Street during the previous ...
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Trump’s Fed pick, Bank of England’s ‘hawkish’ cut weigh on dollar

By Jaspreet Kalra and Ankur Banerjee SINGAPORE (Reuters) -The dollar was under pressure on Friday and was on course for a weekly fall as U.S. President Donald Trump’s temporary choice for a fill-in Federal Reserve Governor stoked expectations for a dovish pick to replace chair ...
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Oil set for steepest weekly losses since June as tariffs cloud demand outlook

By Shariq Khan (Reuters) -Oil prices were little changed in early Asian hours on Friday, but were headed for their steepest weekly losses since late-June, as investors expressed concern over the impact to the global economy from tariffs that kicked into effect on Thursday. Brent ...
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BOJ debated chance of resuming rate hike, July summary shows

By Leika Kihara TOKYO (Reuters) -Some Bank of Japan policymakers warned of mounting inflationary pressures and one signaled the chance of resuming interest rate increases by year-end, a summary of opinions at the July meeting showed, keeping alive the possibility of a near-term rate hike. While ...
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Judge dismisses US consumer watchdog lawsuit against Experian

By Christian Martinez (Reuters) -A lawsuit filed by the Consumer Financial Protection Bureau against credit rating giant Experian over credit report accuracy was dismissed on Wednesday, according to a court filing. The lawsuit, filed by the agency in January under the Biden administration, alleged that ...
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Heartflow raises $316.7 million in US IPO as medtech listings attempt comeback

By Ateev Bhandari and Pritam Biswas (Reuters) -Medical technology firm Heartflow said on Thursday it had raised $316.7 million in its U.S. initial public offering, setting the stage for its Nasdaq debut in another test of investor appetite for medical tech companies. The Mountain View, ...
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United Steelworkers union sets proposals for next refinery worker contract

By Erwin Seba HOUSTON (Reuters) -More than 300 United Steelworkers union (USW) refinery and chemical plants workers meeting in Pittsburgh approved on Thursday proposals for labor negotiations set to begin early in 2026 with energy companies, said Mike Smith, chair of national oil bargaining for ...
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Australian insurer QBE beats interim profit estimates on premium growth, lower claims

(Reuters) -Australian insurer QBE beat market estimates for interim earnings on Friday, helped by strong premium growth in North America and international divisions coupled with claims being limited. The company said its catastrophe costs stayed below its allowance despite high industry losses from severe ...
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Tougher transshipment penalties not expected immediately as Trump tariffs kick in, sources say

By Francesco Guarascio and Orathai Sriring HANOI/BANGKOK (Reuters) -Tougher U.S. trade penalties on goods originating in one country being re-shipped from another are not expected to immediately follow new U.S. tariffs, three people in Southeast Asia with knowledge of the matter said, easing a major cause ...
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Wynn misses quarterly estimates on weak Macau business 

(Reuters) -Casino operator Wynn Resorts missed second-quarter profit expectations on Thursday, owing to sluggish Macau business. Shares of the company were down 2% in extended trading.  The operator of Wynn Palace and Wynn Macau properties, saw a 9.5% fall in adjusted property operating profit from its ...
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