Blog Verité

Keepin’ News Real

Trump’s Lead in Iowa Is Less Dominant, Poll Shows

New polling suggests that Gov. Ron DeSantis’s efforts in Iowa have been having an effect, but that the challenge of defeating Mr. Trump there is complicated by multiple factors.

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WPP Cuts Guidance After Profit Slump

WPP sees like-for-like growth in revenue of 1.5%-3% in 2023, with headline operating profit margin still expected to be around 15%, after it reported a below-forecast profit for the first half hit by a slowdown in U.S. tech spending.

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Nikkei Rises 0.1%, Led by Financial Stocks; U.S. Jobs Data in Focus

Japanese stocks ended higher, led by gains in financial stocks, thanks partly to recent increases in government bond yields.

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Government Bond Yields Seem to Move Only in One Direction

International bond markets aren’t looking good at all, despite the fact that inflation has recently fallen significantly in some cases and growth is weakening, Metzler said.

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Zevulun Mosheashvili, comedy star known for role in ‘Shemesh,’ dies at 52

Georgian-born actor became religious in 1990s, released version of morning prayer ‘Ana b’Koach’ in 2021; co-star says he kept news of illness secret

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AngloGold Ashanti Earnings Hit by Brazil Writedowns

AngloGold Ashanti reported lower first-half headline earnings of $140 million, in line with its guidance, as it booked impairments in its Brazilian portfolio, and forecast capex this year of up to $1.1 billion.

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China’s Central Bank Pledges to Flexibly Use RRR Cuts, Other Policy Tools

The People’s Bank of China will need to flexibly use monetary policy tools to ensure ample liquidity in the country’s banking system, a senior central bank official said.

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Vonovia Keeps Guidance Despite Weaker First Half

Vonovia reported lower revenue and earnings in the first half, and said group funds from operations also fell, but it confirmed its outlook for the year.

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China Scraps Tariffs on Australian Barley

China’s Ministry of Commerce said it would scrap tariffs on Australian-imported barley, in the latest sign of improving ties between Beijing and Canberra.

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Commerzbank Lifts Outlook After Record Interest Income

Commerzbank forecast net interest income of at least €7.8 billion in 2023 after it hit a record in the second quarter, helping push profits higher.

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