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Kospi Plunges 6% on July 30 as SK Hynix Earnings Disappoint
Kospi drops 6.1% to 5,656 after SK Hynix misses earnings forecasts despite record profits. South Korea announces emergency measures to stabilize markets and restrict leveraged ETFs.
Deutsche Telekom Slips 0.43% on July 29 as DAX Weakness Spreads
Deutsche Telekom (DTE.DE) dropped 0.43% to €27.47 on July 29 amid DAX weakness. The stock trades at a B grade with a 12-month forecast of €25.56, down 11.5% year-over-year.
Hermès (EPA: RMS) Shares Sink 10.59% as EPS Miss at €21.32 Overshadows €3.35B Profit Beat
Hermès shares plunged as much as 10.59% on Wednesday, July 29, 2026. The drop came despite the French luxury house posting €3.4 billion in operating income for H1 2026. Diluted earnings per share came in at €21.32, down slightly from €21.39 a year earlier. A Q2 revenue miss and persistent China weakness drove the sharp…
FTSE 100 Today: Index Gains 0.50% as Earnings Boost UK Stocks Despite Middle East Strikes
The FTSE 100 gained 0.50% by mid-morning trading on Wednesday, July 29, 2026. Strong earnings from Standard Chartered, Reckitt Benckiser, and Rio Tinto drove the rally. This extended Tuesday’s 0.90% gain, when the index closed at 10,878.85. The advance came despite fresh US and Saudi military strikes against Iran-backed groups in Iraq. FTSE 100 Extends…
UBS Q2 Profit Jumps 17% to $2.8 Billion, Beating Market Expectations
UBS reported second-quarter net profit of $2.8 billion on Wednesday, July 29, 2026. That marks a 17% jump from the same period last year. The result crushed analyst expectations of $2.38 billion comfortably. Investment banking revenue surged 26%, delivering a record second quarter for the division. UBS also announced a new $3 billion share buyback…
Indian Banks Charge Customers Billions in Low Balance Penalties, HDFC Bank Tops List
ndian banks collected more than ₹7,000 crore from customers in FY26 for failing to maintain minimum account balances. The government disclosed this figure in a written Rajya Sabha reply from Minister of State for Finance Pankaj Chaudhary. Private sector banks alone collected ₹4,948.71 crore, while public sector banks gathered ₹2,137.92 crore. HDFC Bank topped every…
Harvey Norman Copped $35M Fine Over Misleading Ads on July 29
Harvey Norman fined A$35 million by Federal Court for misleading ads promoting 60-month interest-free payments without disclosing mandatory credit card fees and charges to customers.
Intact Financial Corp. Reports Lower Q2 Profit as Insurance Revenue Increases
On July 28, 2026, Intact Financial Corp. reported lower second-quarter profit even though insurance revenue continued to rise. Higher premium income was not enough to offset increased catastrophe losses and rising claims costs. Investors are paying closer attention to profitability rather than revenue growth alone as the insurer deals with a more challenging claims environment. …
Interfor Shifts HQ to Georgia as Tariffs Squeeze Canadian Lumber
Interfor moves corporate operations from Burnaby, BC to Georgia office as U.S. softwood lumber tariffs and weak market conditions force strategic restructuring of Canada’s largest lumber company.