Asian stocks drop as inflation fears rise and Samsung leads Korea losses

Travel stocks under pressure as India signals push to curb overseas travel

Indian travel stocks came under pressure after Prime Minister Narendra Modi urged citizens to avoid unnecessary foreign travel, cut fuel consumption and defer gold jewellery purchases for a year, as…

Energy and banks lift European earnings despite Middle East war concerns

 European companies are on track to report their strongest quarterly earnings growth in three years, driven largely by gains in the energy and financial sectors, even as concerns over the…

Siemens Q2 profit misses estimates as geopolitical pressures persist

Siemens reported weaker-than-expectedsecond-quarter earnings on Wednesday. The German engineering group posted strong order growth and maintained its full-year outlook despite what it described as a “very demanding” geopolitical environment. The…

Nebius stock analysis: what next for this CoreWeave rival after earnings?

Nebius stock will be in the spotlight today as the European technology giant publishes its financial results, which are expected to show robust revenue and backlog growth. NBIS was trading…

Allianz reports strong Q1 growth driven by asset management, India deal

Germany’s Allianz on Wednesday reported a 52% rise in first-quarter net profit, supported by gains linked to the sale of stakes in its Indian joint ventures and strong performance in…

SoftBank’s OpenAI bet sparks $46 billion Vision Fund profit surge

Japanese technology investor SoftBank Group posted a sharp rise in quarterly profit on Wednesday as surging gains from its investment in OpenAI boosted the performance of its Vision Fund business.…

Cipla Q4 profit misses estimates as US market competition weighs

Cipla, India’s third-largest drugmaker by revenue, reported weaker-than-expected fourth-quarter earnings on Wednesday as weak sales and intense competition in its key US market weighed on performance. The company’s consolidated net…

Japan sells foreign stocks in April amid inflation worries

Japanese investors became net sellers of foreign stocks in April for the first time in four months, as concerns over rising energy costs linked to the Iran war and broader…

Walmart to cut or relocate 1,000 corporate workers: is AI to blame again?

Walmart is cutting or relocating around 1,000 corporate employees as the retail giant consolidates parts of its global technology and artificial intelligence operations in a broader push to streamline decision-making…

HPCL Q4 profit jumps 46% on strong refining margins

Hindustan Petroleum Corporation Limited reported a sharp rise in profit for the fourth quarter and full financial year 2025-26, supported by stronger refining margins, higher refinery throughput, and steady growth…

ECB’s Elderson urges euro zone banks to prepare for AI-led cyberattacks

European Central Bank board member Frank Elderson on Wednesday urged banks in the euro area to accelerate preparations against potential cyberattacks that could be launched using Anthropic’s Mythos AI model…