Business

Explainer-What are leveraged ETFs and how are they driving South Korean markets?

Explainer-What are leveraged ETFs and how are they driving South Korean markets?

By Gregor Stuart Hunter SINGAPORE, July 29 (Reuters) - Single-stock leveraged ETFs, launched in the United States in 2022, have…

July 29, 2026

DTE Energy tops quarterly profit estimates as energy trading unit shines

By Sumit Saha July 28 (Reuters) - U.S. Midwest utility DTE Energy beat Wall Street estimates for second-quarter profit on…

July 29, 2026

Lamborghini's operating profit falls as geopolitical turmoil shakes luxury car sector

July 29 (Reuters) - Italian luxury sports carmaker Lamborghini reported an over 8% drop in its half-year operating profit on…

July 29, 2026

UBS posts forecast-beating quarterly profit, flags $3 billion in new buybacks

By Ariane Luthi ZURICH, July 29 (Reuters) - UBS on Wednesday booked a 17% jump in second-quarter profit that beat…

July 29, 2026

Birkin bag maker Hermes delivers modest sales improvement

By Dominique Patton PARIS, July 29 (Reuters) - Hermes reported a slight acceleration in growth in the second quarter on…

July 29, 2026

BMW to cut several thousand jobs under voluntary redundancy programme

BERLIN, July 29 (Reuters) - Premium carmaker BMW will cut several thousand jobs in Germany by the end of 2027…

July 29, 2026

South Korea $2 trillion stock rout breaks records as SK Hynix results disappoint

By Gregor Stuart Hunter, Rae Wee and Jihoon Lee SINGAPORE/SEOUL, July 29 (Reuters) - South Korean stocks plunged for a…

July 29, 2026

Iris Clothings Reports Stellar Performance with Robust 53% growth in Net Profit

Howrah (West Bengal) [India], July 28: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding,…

July 29, 2026

StanChart lifts income target after wealth boom powers earnings beat; shares jump

By Selena Li and Lawrence White HONG KONG/LONDON, July 29 (Reuters) - Standard Chartered's push for fee income powered a…

July 29, 2026