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MCX Shares at ₹2,970.80: UBS Signals More Upside After Fresh Upgrade
MCX shares are trading at ₹2,970.80 after UBS upgraded the stock to Buy from Neutral on August 12, 2026. The brokerage raised its price target to ₹3,800 from ₹3,600, citing strong Q1FY27 earnings, favorable regulation, and steady trading volumes. The upgrade reverses UBS’s own downgrade from May 29, 2026, when it flagged concerns over peak…
TKMS Jumps 12% After Raising 2026 Guidance on Strong Shipbuilding Demand
TKMS raised 2026 guidance to 10-12% revenue growth and 6.5% EBIT margin after nine-month results beat forecasts. Shares jumped 12% on strong submarine and frigate demand.
Gold Price Today: XAU/USD Rises 0.7% to $4,400 as Investors Await US CPI for Fed Rate Clues
On August 12, 2026, the spot gold price climbed 0.7% to hover near $4,400 per ounce. Traders pushed XAU/USD higher as global markets braced for key US Consumer Price Index data. Weak July non-farm payrolls added only 23,000 jobs, shifting market expectations for Federal Reserve rate cuts. Middle East geopolitical friction and robust central bank…
Tencent Q2 Profit Misses Estimates at RMB56 Billion as AI Spending Rises, Revenue Jumps 11% to RMB204.8 Billion
Tencent reported second-quarter 2026 results Wednesday, missing profit estimates as AI spending surged sharply. Net profit attributable to equity holders reached RMB56.0 billion, up just 0.7% year-over-year. That figure fell roughly 4% short of the RMB58.5 billion analyst consensus. Revenue climbed 11% to RMB204.8 billion, beating expectations of RMB202.7 billion for the quarter. Tencent Q2…
Asian Stocks Rise as KOSPI Surges on Chip Rally, Nasdaq 100 Futures Gain 0.4% Ahead of US CPI
Asian stocks climbed on August 12, 2026, as a fresh rally in chip shares pushed South Korea’s KOSPI sharply higher. Strong gains in major semiconductor companies lifted technology sentiment, while Nasdaq 100 futures rose about 0.4% before the latest US inflation data. Investors were watching closely to see whether the CPI report would support hopes…
Nintendo Switch 2 Heads to Indonesia in December as Nintendo (7974.T) Makes Official Market Entry
Nintendo Switch 2 will officially launch in Indonesia this December, the company confirmed on August 11. The announcement, made in Jakarta by Nintendo executive Juro Takeuchi, marks the first time Nintendo has sold hardware there directly. Both the Nintendo Switch and Switch 2 will hit shelves through a new local partner. The move ends years…
FTSE 100 Live: Index Falls 7.39 Points to 10,836.80 as Investors Await US CPI, Brent Near $89.51
The FTSE 100 fell 7.39 points to 10,836.80 on Wednesday, August 12, as investors remained cautious before a closely watched US inflation reading. The July US CPI report was due later in the day, with economists expecting annual inflation to ease to 3.4% from 3.5% in June. Meanwhile, Brent crude stayed close to $90 a…
Over-65 Savings Interest Tax: Millions Face a Stealth Tax Raid on Retirement Savings
For UK savers aged 65 and over, higher interest income is creating an unexpected tax squeeze. More than 2.1 million pensioners are forecast to pay tax on savings interest in 2026/27, compared with 517,000 in 2022/23. The Personal Savings Allowance has not increased alongside higher returns on cash deposits. As a result, retirees who depend…
Bata India Shares Rally 9% to ₹759.75 as Q1 Profit Jumps 23% to ₹64 Crore
Bata India shares rallied nearly 9% on Wednesday, touching an intraday high of ₹759.75 on the NSE. The move came after the footwear maker posted a strong set of numbers for the June 2026 quarter. Consolidated net profit rose 23% year-on-year to ₹63.98 crore, up from ₹51.7 crore in Q1 FY26. The rally pushed the…