Strong gas business helps to cushion Eni profit fall
Italian energy group Eni reported a 49% fall in its adjusted net profit in the second quarter.
NatWest reports profit rise amid fallout from Farage fiasco
NatWest reported a jump in first half profit on Friday, as it battles to contain the fallout from a clash with former Brexit party leader Nigel Farage.
British Airways-owner IAG beats forecasts, mindful of uncertainty ahead
Leisure travel has boomed since pandemic restrictions ended last year.
Ukraine war live updates: Putin praises ‘militant friendship’ with North Korea; U.S. intelligence highlights China’s economic support for Russia
An unclassified U.S. intelligence report pointed to an uptick in China’s economic support for Russia as it seeks to mitigate the effect of Western sanctions.
Vietnam’s EV maker VinFast set to break ground on delayed U.S. factory
VinFast said the 1,800-acre facility is designed to produce up to 150,000 vehicles a year in phase 1. The factory is expected to start operations in 2025.
China’s housing ministry is getting ‘bolder’ about real estate support
The news indicates how different government levels are starting to act just days after Beijing signaled a shift away from its real estate crackdown.
Standard Chartered first-half profit beats estimates, sets new $1 billion share buyback
StanChart, which earns most of its revenue in Asia, said statutory pretax profit for the first six months of this year reached $3.32 billion.
Bank of Japan loosens yield curve control, pledging ‘greater flexibility’
The BOJ also kept its ultra-loose interest rate intact and revised core consumer inflation forecast upward for the current fiscal year.
Yen rises amid reports the Bank of Japan may discuss ‘tweaking’ policy
The Japanese yen rose on Friday morning in Asia, on the back of a report that the Bank of Japan could potentially “discuss tweaking” its yield curve control policy today.
What Qin Gang’s disappearance means for U.S.-China relations
Qin Gang held the position of China’s foreign minister for about six months before disappearing from public view in late June — with little explanation.
