Europe: Shares close flat as investors weigh US tariff impact on earnings

Europe: Shares close flat as investors weigh US tariff impact on earnings

EUROPEAN shares closed flat on Wednesday as investors weighed the impact of tariffs on corporate earnings after big companies including Adidas, Porsche and Aston Martin flagged potential US price hikes. Investors were eagerly awaiting the latest round of company outlooks, as these were the first quarterly reports issued since trade uncertainty overwhelmed markets. The pan-European Stoxx…

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eBay gains after projecting strong sales on resilient consumers

eBay gains after projecting strong sales on resilient consumers

[SEATTLE] eBay shares jumped about 10 per cent after the company projected sales that topped analysts’ estimates, suggesting optimism for continued consumer resilience at a time of shifting US tariff proposals. Revenue will be US$2.69 billion to US$2.74 billion in the period ending in September, the company said on Wednesday (Jul 30). Profit, excluding some…

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US Fed leaves rates unchanged despite Trump’s pressure, with two governors dissenting

US Fed leaves rates unchanged despite Trump’s pressure, with two governors dissenting

[WASHINGTON] The US central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell’s comments after the decision undercut confidence that borrowing costs would begin to fall in September, possibly stoking the ire of President Donald Trump who has demanded immediate and steep rate relief. Powell said the Fed is focused on controlling inflation –…

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Who Is Jennifer Powell? Ex-Girlfriend of Delta Pilot Arrested on Plane Also Charged for Joining in Sexual Abuse of His Daughter

Who Is Jennifer Powell? Ex-Girlfriend of Delta Pilot Arrested on Plane Also Charged for Joining in Sexual Abuse of His Daughter

The former girlfriend of a Delta Airlines pilot who was removed from a plane and charged with child sex offenses has now also been arrested. She is accused of participating in the pilot’s alleged sexual abuse of her own daughter, which reportedly began when the child was only six years old, according to court documents.…

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Miu Miu growth helps Prada to defy luxury downturn

Miu Miu growth helps Prada to defy luxury downturn

[MILAN] Prada reported a 9 per cent increase in first half net revenues at constant currencies on Wednesday (Jul 30), with its smaller but fast expanding Miu Miu brand helping it to buck a weak sector trend. Net revenue at the family-owned group, which will soon include Versace after a US$1.4 billion takeover, totalled 2.74…

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Local startup MetaOptics Technologies lodges preliminary prospectus for Catalist IPO

Local startup MetaOptics Technologies lodges preliminary prospectus for Catalist IPO

[SINGAPORE] MetaOptics Technologies, a Singapore-headquartered semiconductor optics startup, on Wednesday (Jul 30) lodged its preliminary prospectus for a listing on the Singapore Exchange’s Catalist board. It could become the third company to list on the Catalist board this year, following the debut of urban revitalisation specialist Lum Chang Creations on Jul 21, and the preliminary…

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