Rio Tinto may sell its titanium unit amid weak prices and low returns, as incoming CEO Simon Trott considers a restructuring of the mining giant.
Solar and wind projects in the U.S. face setbacks as Bila Solar, Heliene, NorSun, and others pause or review expansion and construction plans.
Novartis will pay up to $1B to U.S. biotech Matchpoint to develop oral drugs targeting inflammatory diseases by blocking key protein activity, Matchpoint said.
German business activity grew slightly in July, with manufacturing rising for a fifth month and services steady, though PMI dipped to 50.3 from 50.4 in June.
Deutsche Bank posted a better-than-expected Q2 profit despite mixed investment banking results and euro strength, as it nears the end of its 3-year turnaround plan.
TotalEnergies' Q2 profit dropped 23% to $3.6B, its worst in 4 years, as falling oil and gas prices offset higher output, in line with analyst forecasts.
Japan's manufacturing shrank in July amid U.S. tariff worries, while services grew at the fastest pace in 5 months, boosted by strong demand, a survey showed.
The ECB is set to hold rates after seven cuts, pausing at 2% as it waits for clarity on EU-U.S. trade ties after inflation fell from post-COVID and war surges.
President Trump will visit the Fed Thursday after blasting Chair Powell for not cutting rates enough, even calling him a "numbskull" and hinting at firing him.
Stellantis is recalling 121,398 U.S. vehicles over head restraints that may not lock properly, raising injury risks in a crash, U.S. regulators said.
Three Democratic senators urged Delta to explain its AI-based ticket pricing, warning it could raise fares to each traveler's "pain point" and harm consumer privacy.
UK borrowing costs high amid global interest rate pressures, driven by U.S. policy mix
Nikkei jumps 3.2% after U.S.–Japan trade deal boosts investor confidence across Asian markets.
$5.3B exits from global equity funds on tariff fears; bond and precious metal funds see inflows.
GM's Q2 profit fell 32% to $3B, hit by $1.1B in tariffs. It warns Q3 will be worse, with trade headwinds possibly costing $4–5B, though 30% may be offset.
Swiss bank Julius Baer reports, half-year profit down 35%, but net new money doubled to CHF 7.9 bn.
JPMorgan is exploring loans backed by clients' Bitcoin and Ether holdings as part of its next-year crypto push.
Ether Machine, backed by Ethereum giants, plans a $1.6B Nasdaq debut to become a key investment vehicle for Ether.
China banned a Wells Fargo banker from leaving the country due to a criminal probe, adding to U.S.-China tensions.
Brazil may miss the Aug. 1 deadline for a U.S. trade deal, risking tariffs on exports if talks fail.
U.S. Treasury's Bessent pushes to scrap dual capital rules, calling current bank regulations too complex.
Swiss bank deposits hit 15-month high, fueling talk that the central bank may intervene to weaken the franc.
Kraft Heinz may spin off slower-growing brands like Velveeta into a $20B entity—a bold move to revive growth after its troubled 2015 merger.
UK consumer confidence fell for the first time in nearly 3 years, dropping 2.6 points to 10.4% in Q2, as job security concerns rise.